All articles by Jennifer Creevy – Page 61
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NewsOcado narrows operating losses as sales rise
Ocado has narrowed its operating losses and increased its gross sales by a quarter to £427.3m in the year to November 29.
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NewsWaitrose's Delia and Heston ads break on Sunday
Waitrose’s debut ad starring celebrity chefs Delia Smith and Heston Blumenthal will break at lunchtime on Sunday.
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NewsDSGi steps up roll out of 2-in-1 shops
DSGi is to accelerate the roll out of its 2-in-1 Currys and PC World stores with 60 locations identified.
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NewsBlacks rejects Sports Direct bid
Blacks Leisure has rejected a takeover offer from Mike Ashley’s Sports Direct as “wholly inadequate”.
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NewsFormer Baugur boss to launch low-cost supermarket in UK
Former Baugur executive chairman Jon Asgeir Johannesson is plotting to launch a low-cost supermarket called Best Price in the UK.
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AnalysisRichard Jones: Can he make Tesco the clothing leader?
Having put non-food on the map at Sainsbury’s, Terry Green’s successor Richard Jones is to head clothing and home at Tesco. Can he make it clothing market leader?
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NewsTesco plots homewares line to propel F&F as global brand
New non-food chief Richard Jones will spearhead project to add homewares range to F&F label
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NewsVAT on food ‘could cut grocers’ profits by 16%’
The imposition of a 5% rate of VAT on food could hit the three quoted grocers’ operating profits by up to 16%, says broker Bernstein.
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NewsCo-op reports bumper profits, lifted by Somerfield acquisition
The Co-operative Group has reported underlying operating profits up 20% to £473m, buoyed by its acquisition of Somerfield.
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NewsSainsbury's bonus payouts to be brought forward
Bonus payouts for Sainsbury’s staff are to be brought forward to beat the introduction of the new 50% tax rate.
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News
Tesco MasterCard to hit retailers with higher interchange fees
Retailers face higher interchange fees after retail giant Tesco’s bank switched its Finest Platinum MasterCard to World MasterCard.
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OpinionTesco’s dotcom model
Tesco is widely thought to be the only grocer to make a profit from its dotcom operation. And judging by the reaction from the City after analysts visited its dotcom-only store in Aylesford, Kent, on Friday, the grocer looks poised to widen the gap on its competitors.
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NewsSainsbury’s considers sale and leasebacks to back expansion
Grocer mulls funding options to support aggressive growth plans in non-food and convenience
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NewsGrocers pledge jobs and training to address youth unemployment
Grocers Tesco, Sainsbury’s and Asda have vowed to create more jobs, invest in more training and called on the Government to improve education.
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NewsJohn Lewis Partnership pre-tax profits up 9.7%
John Lewis Partnership has reported pre-tax and bonus profits up 9.7% to £306.6m and staff shared a £151.3m bonus pot, 15% of salary.
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NewsTesco clothing chief Terry Green replaced by Richard Jones
Tesco clothing chief Terry Green is to be replaced by the grocer’s head of non-food Richard Jones.
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NewsMorrisons profits up 30%
Morrisons has reported pre-tax profits have hiked 30% to £858m, up from £655m, in its full year results ending January 31.
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NewsSainsbury's and Asda set up youth training schemes
Sainsbury’s and Asda are setting up training schemes to push food as a career choice to young people.
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NewsGeorge at Asda launches 100-day returns policy
George at Asda has launched a 100-day returns policy across its entire range, as it seeks to step up the competition on rivals Primark, Tesco and Marks & Spencer.
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NewsBlacks Leisure starts store expansion
Blacks Leisure has begun a store rollout programme which it said is the next phase in the company’s turnaround plan.