All Grocery articles – Page 630
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NewsM&S internal candidates to pitch to investors
Marks & Spencer’s internal candidates to succeed Sir Stuart Rose are expected to make presentations to the City tomorrow at the retailer’s first investor day for nearly a decade.
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NewsCo-op food sales soar
The Co-operative Group has reported a 17 per cent rise in first-half profits to £229m, driven by its acquisition of Somerfield and strong growth in its food business.
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OpinionAround the world with Tesco
Tesco is not only gearing up for a UK bounce back, it is gaining good ground internationally. The next year will see it invest most in international markets and it is well set up for growth.
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NewsGrocery giants upbeat on recovery prospects
Tesco and Sainsbury’s chiefs gave hope to the high street in the run-up to Christmas with rare optimism that the UK is recovering from the slump that has undermined consumer sentiment.
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NewsFirst Quench hit by departure of acting chief exec
First Quench Retailing’s acting chief executive and financial director Martin Healy has resigned and owner Vision Capital’s Johan Van de Steen has taken the helm.
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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AnalysisIceland conference: Malcolm Walker in wonderland
A £4m managers conference might seem excessive, but Iceland chief Malcolm Walker thinks it’s worth every penny. Jennifer Creevy reports from Florida.
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OpinionRivals’ inroads haven’t done Tesco much harm
Sir Terry Leahy may be many things, but he isn’t known for being a ray of sunshine in the industry. So it was interesting to see him cutting a more bullish figure about recovery prospects this week than others like Sir Stuart Rose and Simon Wolfson have been.
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NewsShop prices continue to fall
Shop prices have fallen on a year ago and were deflationary for the second consecutive month, according to the British Retail Consortium-Nielsen Shop Price Index.
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NewsSainsbury's sales slow in second quarter
Sainsbury’s has reported that like-for-like sales has slowed in its second quarter and the grocer said it expects a further slow down in the coming months.
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NewsThorntons in a "good position" for Christmas as sales rise
Thorntons revealed its revenue edged up 2.3% to £46.8m in the 14 weeks to October 3 as it reports it is in a in a “good position” for Christmas.
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NewsSainsbury’s launches financial services campaign
Sainsbury’s has unveiled a campaign to drive shoppers to its financial services products.
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NewsTesco hits £1.4bn profits
Tesco has reported a 1.5% rise in group first half pre-tax profits to £1.4bn.
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NewsTesco unveils sale and leaseback
Tesco has carried out a new sale and leaseback transaction worth £514m in the latest phase of its ongoing programme to release value from its UK property portfolio.
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NewsFirst Quench acting chief executive resigns
First Quench Retailing acting chief executive and financial director Martin Healy has resigned and the group has drafted in a new chief financial officer.
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NewsWaitrose pulls advertising from Fox News slot
Waitrose has pulled its advertising from the Fox News slot shown on Sky in the UK after customers complained about presenter Glenn Beck’s remarks about US president Barack Obama.
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NewsTesco launches online fashion shop
Tesco has launched its standalone online fashion shop and hopes that sales will grow to account for 10% of total clothing turnover.
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News
Administrator sells Wine Cellar
Deloitte, the administrator of off licence and convenience store group Wine Cellar, has sold the majority of stores and stock to EFB Retail.
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NewsCompetition test to limit grocers’ local expansion
The Competition Commission has said it will press ahead with tougher planning hurdles to stop supermarkets dominating local markets.
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News
Aldi records £39m profit in Australia
Aldi’s discount store network in Australia delivered a profit of AUD72.6m (£39.19m) last year, on total Australian sales of AUD1.85bn (£998.6m).Aldi, which entered Australia in January 2001 and recently opened its 200th store there, has been profitable for the past three years. ”We have strong expansion plans for Australia ...