All Grocery articles – Page 591
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NewsNon-food inflation lowest since November 2009
Non-food inflation in July was the lowest since November 2009, slowing to 1% compared to 1.4% in June.
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NewsGovernment moves closer to setting up grocery ‘ombudsman’
The Government has moved closer to introducing legislation to set up a Groceries Code Adjudicator (GCA), its version of what was previously dubbed the ‘supermarket ombudsman’.
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NewsM&S appoints former WHSmith man Alan Stewart as chief finance officer
Marks & Spencer has named Alan Stewart its new chief finance officer.
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NewsSainsbury's launches Facebook campaign
Sainsbury’s has today launched a summer online campaign via Facebook in what is being dubbed ‘Junior Masterchef meets Ready Steady Cook’.
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NewsCo-op to lay off 872 Somerfield HQ staff
The Co-operative Group is to lay off 872 Somerfield staff with the closure of its head office in Bristol by next year.
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NewsBoost for Ocado as Fidelity buys stake
Ocado has been given a boost as it has emerged that Fidelity, one of the world’s largest fund managers, has taken a 13% stake in the business.
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News
Loblaw Q2 sales up 1.2%
Grocery retailer Loblaw has reported that sales rose 1.2% to C$7.3bn (£4.57bn) for the second quarter to June 19. Like-for-like sales declined 0.3%, marking the third consecutive quarter of negative like-for-like growth. Operating income increased 1.9% to C$330m (£207m) while net earnings declined 8.6% to C$180m (£113m)…
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsWaitrose goes mobile with website and app
Waitrose has optimised its website for mobile phones and launched an iPhone app as it seeks to widen the brand’s appeal.
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AnalysisWalmart calls on India to relax retail investment
Walmart has called on the Indian government to relax Foreign Direct Investment laws that do not allow foreign investment in multi-brand retail, but do allow 51% foreign investment in single-brand retail and 100% in wholesaling. Walmart said it would open hundreds of stores in India if it were to change its laws.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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OpinionNo room for smug consensus
Ocado chief executive Tim Steiner rather gracelessly laid into independent City analysts after last week’s lacklustre IPO, following which the online grocer’s shares immediately fell below the opening price.
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NewsIn focus: Ocado
Now that the Ocado IPO dust has settled what, if any, are the lingering problem areas?
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NewsTesco takes on M&S in back to school campaign
Tesco is taking on Marks & Spencer in the back to school clothing battle and has frozen its uniform prices to be the same as last year.
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NewsSquirrel meat on Budgens shelves prompts outrage
A Budgens store has prompted controversy by putting squirrel meat on its shelves.
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NewsSainsbury’s trials prescription vending machines
Sainsbury’s has today started a trial of prescription vending machines, aimed at allowing customers to securely and conveniently collect NHS prescriptions.
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NewsRetailers already responsible on alcohol, says BRC
Retailers already have a proud record as responsible sellers of alcohol, says the British Retail Consortium, in response to the start of the Home Office alcohol consultation.
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NewsAldi co-founder Theo Albrecht dies
The co-founder of German hard discounter Aldi has died at the age of 88.
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News
A&P Q1 net loss increases 88%
US Tengelmann-controlled A&P has announced its first-quarter results for the 16 weeks to June 19. Net loss was $122.64m (£79.5m), up 88% when compared with the net loss of $65.16m (£42.24m) a year earlier.Sales for the period declined to $2.56bn (£1.66bn) from $2.79bn (£1.80bn) last year. Like-for-like sales decreased 7.2%.