Day: November 7, 2024
Media Bites 7 November: M&S results, Trump win, Christmas ad spend
Marks & Spencer has reported a jump in profits but warned measures in last week’s budget could cost it more than £60m
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Net zero 2030 targets to be missed without 20% meat and dairy cut
The report from IGD and Wrap concludes that without “urgent action on diets”, the government’s legally binding targets for greenhouse gas emission reductions will be unachievable
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City snapshot: Sainsbury’s confident of ‘strong’ Christmas as Taste the Difference lifts sales
Sainsbury’s has entered the golden quarter in good shape as its premium Taste the Difference offering helped boost sales in the first half. Plus, first-half results from Tate & Lyle and a trading update from Kitwave
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Dimbleby warns government of health disaster if it relies on Ozempic to tackle obesity
He said he feared the Labour government was hoping the revolutionary new drugs would solve the problem
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KFC to hire 700 permanent staff members ahead of festive period
The fried chicken chain is recruiting more staff members to pursue its expansion plan
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JJ Foodservice launches new mix & save promotion to boost customer flexibility
The new initiative will give customers the chance to mix and match products at bulk prices
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‘Muck Map’ reveals full extent of farming’s impact on rivers
The Severn, Great Ouse, Ouse (Yorkshire), Norfolk Rivers Group, Trent and Wye are listed as rivers most likely to be affected by manure from factory farms
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Egg prices up to meet demand as avian influenza case confirmed
The staple own-label free range lines in Tesco, Sainsbury’s and Morrisons have increased by between 3% and 7% since last month
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AI forecasting startup Martee AI closes pre-seed funding round
The round closed at around £540,000, and the London startup will use the cash injection to expand its technical team
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Campaigners claim ‘victory’ over Lidl and Sainsbury’s in ‘freshly baked’ row
Lidl and Sainsbury’s have dropped ‘freshly baked’ signs for their in-store bakeries, despite denying the move was due to pressure from The Real Bread Campaign
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Gillian Anderson’s G Spot attracts attention from Heineken
The Dutch brewing giant acquired a minority stake in the company, launched by the Sex Education and X Files star last year, and will help accelerate its expansion and boost brand awareness
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Sainsbury’s warns budget will lead to ‘difficult decisions’ on food prices
‘There just isn’t the capacity to absorb this level of unexpected cost inflation,’ Roberts said
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Kingfisher targets upmarket lager drinkers with Ultra UK launch
The Grocer understands Kingfisher Drinks is in talks with a major multiple about listing the lager
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Lidl risks Coca-Cola’s ire with own-label cola truck activation
Coca-Cola unveiled its own Christmas Truck Tour earlier this week
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Müller Corner yoghurt pots go clear to reduce environmental impact of packaging
The introduction of fully recyclable clear pots facilitates the retention of the material for reuse again within the food sector
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Beyond Meat running out of cash despite return to growth
Investors are now hoping the business has turned a corner after sales grew 7.6% to $81m in the three months to September, and gross profit turned from a $7.3m loss to a $14.3m profit
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Hain Celestial shares sink lower as turnaround plan flounders
Quarterly revenue fell as both volumes and prices came down
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AgInflation survey reveals drop in cost of five key farming inputs
Inflation is still present in areas such as seed, machinery and labour, AF warned
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Oatly cuts losses as it targets profitable growth
Listed plant milk group Oatly moved close to breaking even in its third quarter as it continues its turnaround efforts to get into the black
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Furious farmers prepare to protest over ‘awful’ tax raid
The protests, expected towards the end of November, are being planned by the Save British Farming group
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