Finance news – Page 222
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NewsCMA to investigate Danone’s acquisition of Harrogate stake
The UK Competition & Markets Authority has launched an investigation into the proposed acquisition of a majority stake in UK bottled water brand Harrogate by French dairy giant Danone.
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NewsRetailers warn over ‘disastrous’ business rates revaluation plans
The next revaluation of business rates will take place on 1 April next year
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NewsChristine Tacon extends GCA contract to provide continuity through coronavirus outbreak
Small business minister Paul Scully confirmed today that Tacon had been re-appointed for an emergency third term
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NewsCity snapshot: John Lewis mulls bringing in external investor
The John Lewis Partnership is considering bringing in an external investor to help finance and launch a new joint venture
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NewsMedia Bites 27 April: Sainsbury’s, John Lewis Partnership, Poundstretcher
Sainsbury’s risks a backlash as its board weighs whether to approve a £247m, John Lewis mulls bringing in an outside investor to help to finance and launch a joint venture and Poundstretcher kicks off a review of its finances.
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NewsShipping industry bailout lacks key details, claim trade bodies
Ferry operators received a multimillion-pound support package on Friday
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NewsLandlords urge government to tackle retailers ‘exploiting’ rent holidays
The government yesterday banned landlords from issuing statutory demands or winding-up orders against retailers unable to …
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NewsUnilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero
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NewsPremier Foods shares rise on ‘elegant’ pensions restructure and coronavirus sales boost
The Mr Kipling producer revealed the results of its year-long strategic review on Monday…
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NewsFood & drink deal activity down 15% as coronavirus hits market
Forty-four transactions involving UK companies were recorded in the first three months of 2020, down from 52 in the same p…
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NewsMr Lee’s raises over £1.6m from the crowd to support US launch
The cash raised will be used to advance Mr Lee’s operations funding an upcoming nationwide US launch, the expansion of its vending business and the rollout of its latest NPD
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NewsBooming food sales drive Co-op annual profits jump
The Co-op has posted a 50% hike in underlying profits, driven by strong growth in its grocery business
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NewsCity snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
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NewsMedia Bites 24 April: Unilever, Just Eat Takeaway, Pret
A slump in ice cream sales has prompted Unilever to scrap its growth targets for the year, despite the pandemic bringing people flocking to its trusted hygiene and food brands.
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NewsCoronavirus measures could hike price of salad, warns Florette
The brand is facing increased transportation costs from the Continent due to the coronavirus crisis
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NewsEaster chocolate sales plummet as Brits buy more meat and booze
Locked-down Brits spent £55.3m less on Easter chocolate and confectionery this year
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NewsUnilever sales fall flat amid ‘unprecedented impact’ of Coronavirus outbreak
Unilever’s underlying sales growth was flat in the first quarter amid a significant hit to its emerging markets business and sales of ice cream due to the coronavirus outbreak.
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NewsMedia Bites 23 April: John Lewis, Fever-Tree, Heineken
John Lewis has furlough 14k employed as sales dropped, Unilever warned of “lasting change” in consumer behaviour and FeverTree sales held us with customers treating themselves to home drinking
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NewsFmcg brands worry government furlough scheme delays will hit cashflow
The government has said money will take six days to reach firms, but many are sceptical
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NewsCashback app GreenJinn kicks off funding push to roll out online shop function
The coupons cashback startup is looking to raise £3m to expand its service, developing an integrated online shop function within the app