Day: October 23, 2024
City Snapshot: Reckitt’s revenues slide as restructure progresses
Reckitt CEO Kris Licht said its Q3 performance is in line with guidance and it is on track to deliver net revenue and profit targets for 2024. Plus, a Heineken trading update
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Media Bites 23 October: Amazon tax, McDonald’s e.coli outbreak, Greggs Christmas ad
An e.coli outbreak at McDonald’s in the US generates headlines in this morning’s papers
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Hunter & Gather calls out ‘big boy’ condiment brands in six-figure OOH push
The push positions the brand’s ketchup and mayo as superior to Heinz and Hellmann’s
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Microsoft boss hails ‘amazing’ new AI footprinting chatbot for food companies
Microsoft CEO Satya Nadella described the technology as “unbelievable” and said it could have a huge impact on the sustainability of food companies that use it
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Pumpkins cheaper for Halloween, despite challenging growing season
According to The Grocer’s analysis of Assosia data, 10 out of 23 pumpkin lines at the major mults have declined in price in the past year
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Burnt Faith teams up with East London Liquor Co for apple brandy collaboration
The tipple was creatd from dabinett cider distilled at East London Liquor Co in 2018
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Capvest continues food rebuild with further M&A for Second Nature Brands platform
CapVest was historically a major player in UK food and drink before it sold Valeo Foods and Eight Fifty Food
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Forecourts invest £19,000 per store over past year, up almost 60%, ACS says
The top area of investment was refrigeration, followed by technology, such as electronic shelf labels, then shelving
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FDF boss criticises ‘missing’ government roadmap for food system overhaul
FDF CEO Karen Betts warned the race to net zero and other key environmental targets are being hindered by the lack of a strategic roadmap
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One third of UK businesses want Labour to slash Brexit red tape
British businesses urged Keir Starmer to reduce trade friction with the EU, according to a new Santander report
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Coca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes
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Criminology professor launches benchmarking tool to mitigate crime risk for retailers
Taylor explained the new benchmarking tool was a “new and improved” version of the one she created in her 2023 report
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B&M risking M&S spat over festive light-up gin, say trademark lawyers
M&S has proved fiercely protective of its light-up gin liqueur and last year successfully sued Aldi over a copycat version
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Chancellor considers ‘Amazon tax’ to boost high street
Chancellor Rachel Reeves is considering plans to impose higher taxes on the likes of Amazon in a bid to support the UK’s struggling high streets.
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Shein launches credit card as sales growth slows ahead of IPO
Shein is set to launch its first branded credit card worldwide as it ramps up its international expansion ahead of a possible IPO.
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Fanatics to open first UK standalone store
Fanatics is set to make its bricks and mortar debut with a standalone store on London’s Regent Street.
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Interview: How Poundland plans to ‘Perk’ up customers with its new loyalty app
Poundland’s new rewards app, Perks, topped the download charts last week. Retail Gazette speaks to the two Poundland execs leading its new loyalty push to delve into its plans.
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M&S CEO Stuart Machin: Raising taxes is ‘the easy way out’
M&S boss Stuart Machin has accused the government of taking “the easy way out” amid reports Chancellor Reeves was considering raising national insurance paid by employers.
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Amazon expands same-day delivery to 80 towns and cities as demand booms
Amazon has widened its same-day delivery service to over 80 UK towns and cities, including Aberdeen, Plymouth and Middlesborough.
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Frasers abandons takeover bid for Mulberry
Frasers Group has confirmed it will no longer pursue a takeover of Mulberry, citing governance concerns after the luxury handbag retailer’s board unanimously rejected its latest offer.
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