Will Shu news and analysis – Page 2
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsMedia Bites 17 September: Oxford Street, remote working, Amazon, THG, Brexit checks
London’s Oxford Street is to be pedestrianised in a “major regeneration” plan announced by Sadiq Khan
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NewsDeliveroo riders readied to take photos of restaurant menus when collecting orders
Aggregator updates rider terms following launch of its ‘Value Programme’, which punishes outlets for marking up prices on app
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NewsCity snapshot: Deliveroo moves to first-half profit amid ‘encouraging’ consumer pick-up
Online delivery giant Deliveroo has posted a first-half profit after returning to order growth in the period amid ‘encouraging signs’ in consumer behaviour
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NewsDeliveroo launches invitation-only ‘Diamond Plus’ subscription
It will offer members priority delivery, dedicated customer care teams and access to restaurants unavailable to other users
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Comment & OpinionHas the cost of living killed delivery’s takeaway buzz?
Brits are munching their way through more delivered takeaways than ever, apparently increasing their waistlines and killing the high street, a new study suggests
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NewsCity snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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NewsCity snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year
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NewsAmazon UK boss: Generative AI ‘as transformative as the internet’
The technology is already being used at Amazon to generate summaries of customer reviews
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NewsDeliveroo shares fall as Delivery Hero plans to sell off stake
Delivery Hero is selling its stake in rival food delivery group Deliveroo for more than £70m
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NewsCity snapshot: Christmas retail sales plunge as consumers cut back
Retail sales slumped by 3.2% in December, which was the worse monthly drop since the depths of the coronavirus pandemic, as consumers cut back in the run-up to Christmas.
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NewsCity snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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NewsDeliveroo product and tech chief Mishra to depart
Devesh Mishra joined Deliveroo in 2021, after 16 years at Amazon, where he rose through the ranks to VP, global supply chain
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NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
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NewsDeliveroo to boost merchants with minimal mark-up on app
The app will make it “very clear when someone’s not as good on pricing”
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NewsUber Eats to launch AI chatbot to help users find sale items, plan meals and order ingredients
The AI assistant, powered by Google’s Palm 2, will launch in the UK by early 2024
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NewsCity snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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NewsDeliveroo looks toward future ‘smell-o-vision’ and virtual dining tech
The ‘smell-o-vision’ style tool is one of several futuristic concepts put forward in Deliveroo-commissioned report Snack To The Future
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NewsDeliveroo invests £20m in summer savings campaign
The courier app has also partnered with Morrisons, Co-op and Asda to price match 550 grocery items against the retailers’ in-store prices
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Comment & OpinionCould delivery apps become the new grocery price battleground?
Some popular items cost double on the apps when compared with in-store prices. How long can that go on for?