Food retailers braced for Â£4bn rush
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Business & money: Households will spend an average of nearly Â£200 on supermarket food in Christmas week
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Australia&#39;s S&amp;P/ASX 200 Index rose to a record. Foodland Associated Ltd. surged after Metcash Trading Ltd., the nation&#39;s biggest grocery wholesaler, offered A$846 million ($660 million) for Foodland&#39;s local business.
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Retailers expect the day after Boxing Day to be busier as bargain hunters continue the chase for cut-price items.
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The retailing giant's push into organic milk will bring in new customers and profits.
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The Bank of England on Thursday injected 4.4 billion pounds into the financial system amid ongoing turmoil in credit markets.
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The strength of festive takings will be revealed this week as UK retailers start to disclose their figures.
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SOMERFIELD, the UKâs fifth-biggest grocer, is set to boost its presence on the high street after snapping up 114 Safeway Compact stores from recently-enlarged rival Morrisonâs.
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Business & money: British economy faces rising costs of food and increasing energy prices amid slowing growth
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The government launches a Â£4m poster and TV advertising campaign to combat excessive salt consumption today amid concerns about the risk to public health posed by its links with high blood pressure, heart disease and strokes.
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The global food business is gargantuan and growing fast.
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J Sainsbury will take a Â£550 million ($991 million) hit to profits this year as it invests to boost sales and reverse falling market share, Britain&#39;s third-biggest supermarket chain said Tuesday.
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UK clothing retailers Next and French Connection warn of tough times ahead on the High Street.
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Union unrest may cut into the supermarket chain's growth plans.
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Business & money: Supermarket chain trumps rivals with 9% sales jump, and new ad campaign helps lift profits
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Tesco ainât daft, theyâve done the insurance blag and now they getting stuck into the music downloading service. They will be the first supermarket to enter a market that is worth over Â£25million and is currently dominated by the Apple run iTunes.
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Annual sales of organic food and drink in the UK have hit Â£2bn, the Soil Association reports.
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Retailers in the region soon will have some new competition, and shoppers will have more choices about where to spend their money.