All articles by Ed Devlin – Page 199
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NewsCity snapshot: Chancellor calms markets in wake of Brexit
Chancellor George Osborne has warned that it is “inevitable” that the UK economy will have to adjust in the wake of Brexit but said there will be no immediate emergency Budget.
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NewsMedia Bites 27 June: Brexit, Ocado, Innocent, Walmart, B&M, Warburtons
Unsurprisingly, the papers are dominated by the vote for Brexit and the fallout of EU referendum as City economists warn that Brexit vote will plunge UK into a new recession.
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NewsBrexit leaves Poundland potential takeover in the balance
South African retail giant Steinhoff is weighing up whether to make a bid for Poundland in the wake of Brexit.
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NewsCity snapshot: Brexit vote sends grocery stocks plummeting
Grocery stocks have plunged by up to 30% so far this morning as world stock markets went into freefall and the pound tumbled to a 30-year low after Britain voted to leave the European Union.
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NewsMedia Bites 24 June: Tesco, BHS, M&S
Tesco quarter one results dominate the business pages this morning, with the supermarket attributing its second straight quarter of sales growth in part to its fresh farm food range.
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NewsSimsons Fisheries thrown a lifeline in rescue deal
Seafood supplier Simsons Fisheries has snapped up out of administration by rival business James Knight of Mayfair, saving the jobs of all the staff.
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NewsHolland & Barrett sales and profits soar
The retailer has demanded a reduction in costs of at least 5% to help fund its ambitious expansion plans
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NewsZenith Hygiene acquires CCL Pentasol
Zenith Hygiene Group has agreed to acquire chemical manufacturer CCL Pentasol to break into new markets in the food, drink and dairy industries.
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NewsMedia Bites 22 June: My Local, Brexit, Stock Spirits, Whitbread
Convenience store chain My Local has filed notice to appoint administrators just nine months after being created from Morrison’s cast-offs; and your favourite supermarket could reveal which side will win your vote in the EU referendum.
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NewsCity snapshot: My Local on the verge of administration
My Local has reportedly filed a notice of intention to appoint KPMG as administrator, putting more than 2,000 jobs at risk in the process.
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NewsExporters on alert in build-up to Brexit vote
Food and drink exporters have expressed grave concerns about the impact a Brexit would have on overseas business
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NewsTesco sells Dobbies for £217m in cash
Sale comes a week after the supermarket agreed to offload the Giraffe restaurant chain to Ranjit Boparan
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NewsPoundland shares rocket as Steinhoff mulls takeover bid
Steinhoff is back shopping for a European retailer after it announced it was mulling a takeover bid for Poundland
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NewsMedia Bites 17 June: Poundland, Unilever, high street, US sugar tax
Poundland profits crash amid interest from Steinhoff; Unilever warns its staff that Brexit could harm the business; shoppers shrugged off Brexit fears in May as high street sales beat forecasts; and Philadelphia becomes the first large US city to introduce a sugar tax on fizzy drinks.
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NewsMedia Bites 16 June: Poundland, BHS
The papers are dominated this morning by the appearance of Sir Philip Green before MPs answering questions on the BHS collapse, but Steinhoff’s approach for Poundland also gets a look in.
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NewsCity snapshot: Poundland profits tumble as Steinhoff gets set to pounce
Pre-tax profits slumped 84% at Poundland last year as the problems surrounding the acquisition of 99p Stores took their toll
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NewsGlendale Foods rises from the flames to hit record heights
Glendale Foods has increased sales more than 40% to record levels after it fully restored the factory following a “devastating” fire in 2012.
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NewsMedia Bites 14 June: Asda, BHS
The end of Andy Clarke’s six-year reign at Asda gains plenty of column inches across the papers
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NewsOcado shares plummet on Amazon Fresh fears
The online grocer’s share price have plunged 6.6% this morning to 209.5p