All articles by Alec Mattinson – Page 181
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NewsThe City reacts to Brexit: Initial panic subsides
The FTSE 100 has fallen 3.2% today following the UK’s vote to leave the EU, wiping more than £50bn off the value of UK shares but recovering from catestrophic early falls.
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NewsMedia Bites 23 June: Morrisons, Tesco, ABF
Morrisons has offered to rehire former employees who may lose their jobs as a result of the expected administration of My Local, the convenience store group it sold last year.
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NewsTesco first quarter like-for-like sales up 0.9% as it sells Harris + Hoole
Tesco has reported group like-for-like sales grew by 0.9% in the 13 weeks to 28 May, including its second quarter of like-for-like UK growth for the first time in more than five years.
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NewsThree Crowns Confectionery secures £300k funding package
Hull-based Three Crowns Confectionery has undergone a management buy-in after securing a £300k funding package from East Yorkshire-based One Stop Business Finance.
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NewsDairy Crest CEO Mark Allen’s pay rises 45% after dairy division sale
Dairy Crest CEO Mark Allen received a pay packet worth £1.44m in the year to 31 March 2016 as his annual bonus and share awards more than doubled after the successful divestment of its UK dairy business.
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News2 Sisters’ sales edge upwards in “encouraging” third quarter
Sales at 2 Sisters owner Boparan rose 0.6% to £784.5m in its third quarter in what CEO Ranjit Singh called “another positive performance”.
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NewsCity snapshot: Costa Coffee grows first quarter sales by 11.4%
Costa Coffee grows its first quarter sales by 11.4%, FTSE 100 sees its biggest jump in three years and pound soars on diminished Brexit fears
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NewsMedia Bites 21 June: My Local/Morrisons, Majestic Wine, BHS
Morrisons is facing a potential liability of up to £20m as My Local looks at options for the business, including administration.
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NewsTree of Life reports double-digit sales growth to £50m
Ocado and Amazon-listed health food brand Tree of Life has grown its annual sales by 10% to £50m in the year ending 31 March 2016.
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NewsMajestic shares rise on annual sales boost
Majestic Wine shares were up 3.4% today after its core retail business reported its first like for like sales growth for four years.
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NewsReckitt signs UK licencing deal for K-Y with Thornton & Ross
Reckitt Benckiser has agreed an eight year licencing deal with UK-based, German-owned consumer health group Thornton & Ross for the K-Y brand in the UK.
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NewsCity snapshot: Majestic Wine sales top £400m after retail sales rise
Majestic Wine’s retail business posted its first like-for-like sales increase in four years to grow annual revenues to over £400m. Plus share rebound in EU remain hopes and a look ahead to the week in the City.
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NewsMedia Bites: Tesco, Sainsbury's/Morrisons, Samworth Brothers
Tesco could report a second consecutive quarter of sales growth for the first time in more than five years, fuelling hopes of a sustained fightback against discount rivals.
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NewsScottish frozen meals delivery business acquired by Apetito
The owner of frozen meal delivery business Wiltshire Farm Foods has acquired one of the business’ largest franchisees WFF Crieff.
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NewsSteinhoff eyes Poundland bid
South African retail group Steinhoff has announced this morning it is considering making an offer for under-pressure UK discount retailer Poundland.
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NewsCity snapshot: Leaving the EU will hit UK retail sales by 6%, report warns
The report says UK retail sales will reach £396.3bn by 2020 from their current level of £345.4bn without Brexit
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NewsMedia Bites 15 June: My Local, Ocado, Sainsbury's
My Local faces an uncertain future after its owners called in emergency help to try to save the business
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NewsBrexit could cost UK retailers £24bn by 2020
The economic shock caused by Brexit could drive UK retail sales 6% lower by 2020, according to a new report published today by the Economist Intelligence Unit.
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NewsDanone ups 2016 guidance as cost efficiencies bite
Danone has upgraded its full-year profits expectations after seeing faster than expected benefits from cost efficiencies and progress in its European dairy business.