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UK supermarket Sainsbury's plans to cut 1,500 roles

UK supermarket Sainsbury's plans to cut 1,500 roles LONDON, Feb 29 (Reuters) - British supermarket group Sainsbury's SBRY.L said on Thursday it plans to cut about 1,500 roles, as it seeks cost savings to invest back into the business. Sainsbury's, Britain's second-largest grocer after Tesco TSCO.L , said the jobs will go at its store support centre, its contact centre operations, in its in-store bakeries and in its general merchandise fulfilment network.

Deals between "zombie" fund managers inevitable - Schroders CEO

UPDATE 2-Deals between "zombie" fund managers inevitable - Schroders CEO Recasts on CEO comments, adds shares in paragraph 11 By Iain Withers LONDON, Feb 29 (Reuters) - Britain's fund management sector is likely to see more takeover deals to put troubled companies out of their misery, the chief executive of asset manager Schroders said on Thursday.

British grocery price inflation slows to 5.3%, Kantar says

British grocery price inflation slows to 5.3%, Kantar says UK grocery prices rise at lowest rate since March 2022 Lidl is fastest growing UK grocer for sixth straight month Sainsbury's is second fastest growing By James Davey LONDON, Feb 27 (Reuters) - British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday.

London insect farm hatches plan for greener way to feed animals

London insect farm hatches plan for greener way to feed animals By Ben Makori and Sachin Ravikumar LONDON, Feb 26 (Reuters) - Buzzing underneath a set of railway arches in central London are hundreds of thousands of little flies, showcasing insect-farming technology that could help fight climate change. At its research centre, eight-year-old startup Entocycle is aiming to show how the process of turning protein-rich bugs into food for chickens and pigs could be adopted on a large scale.

Barclays only partly fixes investment bank problem

BREAKINGVIEWS-Barclays only partly fixes investment bank problem The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Feb 20 (Reuters Breakingviews) - Barclays BARC.L has identified the source of its valuation problem, but not a guaranteed fix. On Tuesday , CEO C.S. Venkatakrishnan, known as Venkat, laid out a plan to boost the $30 billion lender’s returns by scaling back the relative size of its volatile investment bank.


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