All articles by Ed Devlin – Page 209
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News
Ocado executive team share in bumper £19.6m pay package
Ocado executives were awarded a bumper £19.6m pay package last year thanks to the online grocer’s share price gains.
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News
City Snapshot: Bakkavor defies challenging conditions to outperform the market
Food group Bakkavor outperforms the fresh prepared foods market as sales grows and Imperial Tobacco takes a hit as the strength of sterling drags on revenue. Plus the latest share price movement of Poundland, Reckitt Benckiser and the grocers.
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News
Media Bites 12 February: BoE, Imperial Tobacco, Heineken, PepsiCo
The strength of sterling places havoc with with international traders and the Bank of England may take a look at raising interest rates earlier than expected.
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News
Poundland share price slips as largest shareholder sells 14% stake for £142m
Poundland’s majority shareholder Warburg Pincus has netted £142m from the sale of almost half its remaining stake in the discount chain.
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News
MillerCoors CEO Tom Long to retire in June
Tom Long is to retire as CEO at MillerCoors at the end of June sparking a search for a succesor by the brewing business.
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News
City Snapshot: Discounts and healthy eating push grocery sales to 12-month high
Price cuts at the supermarkets and health-conscious consumers helped food sales to a year-long high but a reliance on discounting could be setting a risky precedent. Plus the latest City news and share price movements.
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News
Media Bites 10 February: Tesco, David Cameron, Co-op Pharmacy
One of Thailand’s richest men is lining up a second bid for Tesco Lotus and David Cameron urges Britain’s bosses to give a pay bump to workers.
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News
Camden Town Brewery looks to the crowd to raise £1.5m for London expansion
Camden Town Brewery is hoping to raise £1.5m as part of a crowdfunding pitch to finance the opening of a new brewing site in London.
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News
Crowdfunding: food & drink companies pick up £1m this year
Food and drink companies have raised more than £1.2m on crowdfunding platforms so far in 2015 as this alternative source of finance continues to grow in popularity.
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News
Tim Steiner: Ocado better-placed than Tesco to face deflation
Ocado is in a “much better position” to weather the storm of deflation and gross margin attrition than Tesco…
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Analysis and Features
99p Stores deal is a "step change" for Poundland store opening programme
Poundland’s shares soar on news of 99p Stores takeover - pushing market cap past £1bn - but what opportunities does CEO Jim McCarthy think a combination brings?
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News
City snapshot: Poundland to swallow up rival fixed price discounter 99p Stores for £55m
Poundland agrees to £55m takeover of rival discounter 99p Stores. Plus a profit warning from Tate & Lyle sends shares spiralling - and the latest movements from the rest of stock market.
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News
Media Bites 6 February: Tesco, Andy Clarke, Rexam
Reaction to GCA’s probe of Tesco features heavily as Asda’s Andy Clarke questions Tesco turnaround strategy.
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News
Rexam £4.3bn takeover talks send shares soaring
Shares have spiked massively at aluminium can manufacturer Rexam after it admitted to talks with a US rival for a potential £4.3bn takeover.
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News
City Snapshot: Dairy Crest in talks with CMA to push through Müller sale
Dairy Crest holds its breath as it awaits watchdog review of Müller sale. Plus McBride’s first half results and the latest share price movements.
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News
Media Bites 5 February: Tesco, Boots, Starbucks
Tesco’s latest woes dominates the news this morning with the supermarket to come under fresh scrutiny by the supermarket watchdog over its dealings with suppliers.
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News
Smucker’s to cater for cats and dogs with $5.8bn Big Heart deal
US food group JM Smucker has entered the pet food and snacks category with the $5.8bn acquisition of Big Heart Pet Brands.
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Analysis and Features
Ocado puts champagne on ice as it focuses long-term value
Champagne corks were not popping over at Ocado HQ yesterday despite the online retailer posting its maiden full-year profit after 15 years of trading, according to CEO Tim Steiner. His focus remains on driving long-term value for shareholders.
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News
Cargill swoops for Zambeef oil subsidiary for $25.7m
US multinational Cargill has agreed to acquire the edible oil and soybean meal subsidiary of listed agribusiness Zambeef for $25.7m.
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News
Ocado reports its first annual profit in 15 years of trading
Online grocer Ocado has, as expected, posted its first annual profit since it started operating 15 years ago as revenue jumped by almost 20% compared with 2013.