Finance news – Page 266
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NewsAsda Altrincham site sold for £22m in ‘signal of confidence in supermarket property’
Avison Young, who advised on the deal for buyer Greater Manchester Pension Fund, described the site as a “defence stock”
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NewsKellogg’s lines up UK launch for Incogmeato plant-based brand
The soy-based products were unveiled last week in the US
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsMedia Bites 9 Sep: Morrisons, John Lewis/Waitrose, Sainsbury’s
Morrisons is set to reveal a dip in sales as supermarkets continue to grapple with the challenge posed by Aldi and Lidl while drawing up plans for a no-deal Brexit.
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NewsRetail footfall drops amid continued Brexit uncertainty
Retail footfall continued its downward trend in August amid weakening consumer confidence and Brexit uncertainty
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NewsSpirits maker Asterley Bros seeks funding for NPD and retail expansion
Asterley Bros has launched a crowdfunding campaign to secure investment to boost capacity, develop new products and launch into retail
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NewsGreencore acquisition and trading momentum impresses City
After its humbling retreat from the US earlier this year, the City is looking more favourably on Greencore again, encouraged by strategic acquisitions and improved trading momentum.
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NewsHesper Farm secures investment to pursue national listings
The Yorkshire-based business launched what it claimed to be the first Icelandic-style skyr yoghurt made in the UK from British milk in 2015
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NewsPremier Foods tipped to seek asset sales
The new management team at Premier Foods will be tasked with overseeing a sell-off of its key brands according to City sources, as the listed food group’s strategy shifts to generating shareholder returns through disposals.
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NewsQuinoa specialist Quinola Mothergrain looks to raise £1.5m
Ready-to-eat quinoa products specialist Quinola Mothergrain is hoping to raise £1.5m to expand listings and boost its international growth.
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NewsCity snapshot: Sales slip at Greene King ahead of £2.7bn takeover
Greene King has reported a fall in like for like sales over the 18 weeks to 1 September ahead of a shareholder vote to approve its £2.7bn takeover.
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NewsMedia Bites 6 September: Alcohol taxes, Plant-based diets, Casino
Alcohol sold in supermarket should be taxed at a higher rate that booze sold in pubs to help cut problem drinking and benefit public health.
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NewsHandmade Cake Co attributes ‘strong growth’ to free-from focus
The Handmade Cake Co reported a “year of strong growth” as increased focus on free-from bakery products boosted annual sales
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NewsGrocemania seeking £50k to push London expansion
Delivery firm Grocemania is seeking to raise £50k from angel investors to support further expansion across London retailers and drive sales.
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NewsMcBride profits drop 23% amid ‘difficult trading conditions’
Private label household goods manufacturer McBride has posted a 23% drop in full year adjusted operating profits as performance fell short of its ambitions amid “difficult trading conditions”.
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NewsTobacco Track and Trace ‘to be scrapped in no-deal Brexit’
The regulations have been called ‘the biggest regulatory cost to be imposed on the wholesale sector since the introduction of the national living wage’
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NewsAsda faces pay deal protests at stores in London and East Anglia
GMB London Region said it would be holding a number of demonstrations this month across London and the east of England
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News‘Short-term challenges’ force Tyson to cut earnings forecast
US meatpacking giant Tyson Foods has cut its 2019 earnings guidance due to “short-term challenges” it said were negatively affecting fourth-quarter earnings.
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NewsMedia Bites 4 September: M&S, Diageo, John Lewis/Waitrose
Marks & Spencer has crashed out of the FTSE 100 after a long spell of decline in which its shares have fallen more than 40% since the beginning of last year.
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NewsValeo Foods confirms £66m Kettle acquisition
Valeo Foods Group has confirmed the acquisition of Kettle from US owner Campbell Soup Co, in a deal valuing the struggling premium crisps brand at £66m