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NewsMedia Bites 18 May: Walmart, Britvic, Morrisons
Walmart shares endured their biggest fall in 35 years yesterday after costs and surging inflation in the retailer’s first quarter prompted it to cut full-year earnings guidance
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City Snapshot: Premier Foods to hike prices higher as Mr Kipling helps group beat profit forecasts
Premier Foods beats profit expectations for the year but warns of more price hikes. Plus, UK inflation hits 40-year high of 9% in April; Virgin Wines strikes strategic partnerships with Great Western Railway and Currys; and Marston’s returns to profit as pub trading returns to normal.
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Morrisons rescue deal for McColl’s priced at £190m
Morrisons has committed a total of £190.1m to rescue convenience chain McColl’s, administrator’s documents have revealed
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Midcounties Co-op invests £1m in crime deterrent measures
The society said the investment would help bring criminals to justice and make its local communities a safer place
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Jam n Vegan scores backing from Veg Capital for retail push
The business will use the £200,000 investment to build brand awareness, expand the team around founder Kyle Parchment and open up new channels.
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Jiffy to cease rapid grocery delivery to become dedicated software company
Click & collect from dark stores will continue “for the coming week or so”, with deliveries to customers ending even sooner.
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Starship grocery delivery robots hit the pavements of Cambridgeshire
Residents living in Lower and Upper Cambourne order deliveries picked by store staff at the Co-op store in Mosquito Road, Upper Cambourne
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Tesco launches ‘healthy zones’ to nudge shoppers away from HFSS foods
Better Baskets signposts foods high in fibre, plant-based options, low & no alcohol, snacks under 100 calories and products that were in reusable packaging
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Something & Nothing targets US expansion with £1.5m VC backing
Premium seltzer brand Something & Nothing has raised £1.5m in a private investment round to capitalise on growing demand in the US for its range of drinks.
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Innocent deviates from norm with banana-free ‘immunity-boosting’ smoothie
The drink, called Revitalise, will be the only smoothie in the brand’s range not to contain the fruit
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Capreolus launches British charcuterie range into Waitrose
Waitrose will be stocking three of the brand’s Great Taste Award winning products: Dorset Coppa, Dorset Chorizo and Dorset Air-Dried Beef
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Poundshop.com becomes platform for Poundland online expansion as it ‘retires’ Shop.poundland.co.uk
Poundland is moving thousands of products to Poundshop.com, from ambient food to homewares
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Finnebrogue announces plant-based partnership between Better Naked and the Co-op
Among the six listings are four new lines which will be available across all 1,200 stores this week
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Accolade Wines launches new alcohol-free wine brand &Then
The NPD would appeal to mid-millennials, who were ‘looking for stylish and contemporary zero-alcohol alternatives’, said Accolade
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Morrisons trials dual-branded concept store for larger independents
Together with Morrisons is set to debut later this month at Guy Warner’s new 6,000 sq ft store in Upton-upon-Severn in Worcestershire
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Coca-Cola adds attached caps to plastic bottles to prevent littering
The new caps are being manufactured at CCEP’s factory in East Kilbride, Scotland
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City snapshot: Out-of-home rebound boosts Britvic’s sales and profits
Britvic has posted a double digit rise in sales and profits as both in and out-of-home channels grew and immediate consumption bounced back to pre-Covid levels. Plus results from C&C Group and Imperial Brands.
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Media Bites 17 May: Greggs, inflation, pig farmers, McDonald’s
Greggs makes the headlines as outgoing CEO Roger Whiteside delivers final trading update, while the Bank of England govenor appears before a select committee to talk about soaring inflation and an “apocalyptic” rise in food prices.
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Tesco unveils £6.6m cash injection for struggling pig farmers
The retailer said the investment took the amount it had given in additional payments to producers to £10m since March
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McDonald’s to exit Russia with sale of business
Global fast food giant McDonald’s has announced it will cease all operations in Russia after 30 years in the country due to its invasion of Ukraine
