Day: November 13, 2024
City Snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead…
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Media Bites 13 November: Post Office, grocery inflation, M&S vs Waitrose
Plans for the Post Office have been revealed, one year after the TV drama brought the scandal to the public attention
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ASA in crackdown of ‘misleading’ adverts by wine investment companies
The rulings are part of a wider body of work by the watchdog around unregulated investments
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Defra announces £50m investment to protect farming communities
It has also announced a new approach to delivering funding to make sure it works for communities
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Burts Snacks slips into the red due to acquisition costs
The company’s sales continue to perform strongly, however, with revenue up 11%
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YF hires Rob Dixon as commercial services director
Dixon will lead YF’s commercial team, responsible for sourcing and scaling high-potential brands
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Post Office confirms plan to double postmaster pay puts jobs at risk
The Post Office has set out plans to double the average annual income of each branch by 2030, in a new transformation plan which puts as many as 115 branches at risk
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Mezze mayhem: Bakkavor strike triggers chilled dips shortage
Taramasalata, houmous and labneh lines are disappearing from chillers, according to Assosia data
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Ocado launches digital QR codes to boost plastic refill uptake
The online giant has employed tech company Polytag to roll out QR code technology across 60 of its packaged dry food and cleaning products in refillable containers
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Dave Kennedy calls for industry war room mentality to tackle net zero
The former Defra boss has called on the food industry to bring the “wartime” spirit of its battle during the pandemic to the fight against climate change
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M&S and Waitrose neck-and-neck in market share as Christmas approaches
Recent changes in M&S Food Halls include the rollout of self-checkouts designed for trolleys, occupying as much space as a staffed checkout and including a conveyor belt
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Asda data breach warning after job cuts from tech team insider
‘Asda will get a massive data breach and we all know it’
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Waitrose to continue own-label overhaul after No.1 range rebrand
Waitrose has enjoyed a ‘significant uplift’ in own-label sales following the relaunch of its No.1 range
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Sugro expands loyalty scheme to include new compliance and pre-sale features
The new features will be available for Sugro members on WhatsApp
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Pret A Manger launches festive menu featuring new sandwiches and hot meals
New items will join Pret’s ‘classic’ Christmas lunch sandwich
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Kestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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Confex continues expansion with three new members joining group
The new joiners are part of the group’s plan to grow buying power and geographical reach
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Rapid grocer Gopuff price matching Aldi on more than 50 products
The quick commerce player said the move was an effort to ‘give UK households an affordable option as they prepare for one of the year’s most expensive seasons’
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EG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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Morrisons’s own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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