Finance news – Page 267
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NewsHome Bargains to be policed by Groceries Code Adjudicator
The CMA found the retailer received around half its total turnover from grocery sales
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NewsGreencore agrees £56m deal for Freshtime UK
Greencore has announced it has agreed to acquire Freshtime, a UK-based supplier of food-to-go-salads, chilled snacks and prepared produce.
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NewsMedia Bites 3 September: Biscuit International/Fox’s, Just Eat, M&S
Buyout firm Towerbook is reported to be talks to merge Biscuit International (BI) and Boparan Holdings-owned Fox’s to create a European biscuit giant.
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NewsBurton’s Biscuits acquires shortbread producer Paterson Arran
Burton’s Biscuits has announced it has broadened its product portfolio with the acquisitions of Scottish shortbread producer Paterson Arran.
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NewsJW Filshill posts 7% sales boost despite Brexit concerns
In June, Filshill announced plans to move to a new larger headquarters near Glasgow Airport
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NewsCity snapshot: BRC rejects Gove reassurances over food shortages
The British Retail Consortium has labelled cabinet minister Michael Gove’s reassurances over shortages of fresh food under a no-deal Brexit scenario “categorically untrue”.
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NewsMedia Bites 2 Sept: Brexit, M&S, Premier Foods
The food industry says that it fears a “complete and catastrophic embargo” on exports in the event of a no-deal Brexit.
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NewsKraft Heinz UK sales climb by almost 5%
Increased consumption was supported by the launches of Bull’s-Eye barbecue sauce and low-sugar Tomato Ketchup.
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NewsJuul is key to Altria-Philip Morris remarriage but rationale is fraught
Mixed reaction to proposed remarriage of Altria and Philip Morris
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NewsAF Blakemore reports ‘tremendous’ year as profits rocket
The wholesaler had made major investments in the period, upgrading and buying new stores, improving logistics and developing IT systems
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NewsWatmuff & Beckett hails ‘amazing’ response to Crowdcube funding campaign
The soup, risotto and broth maker is seeking £110k on Crowdcube in exchange for a 10% stake
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NewsLion Capital kicks off sale process for sports nutrition brand Grenade
The sports nutrition player is set for a multimillion-pound bidding war after private equity owner Lion Capital appointed advisors to explore a sale
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NewsCity snapshot: Premier Foods names new CEO and chairman
Premier Foods has named UK MD Alex Whitehouse as its new CEO and former Reckitt Benckiser finance chief Colin Day as chairman.
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NewsMedia Bites 30 Aug: Juul, Neat Burger, Consumer confidence
Juul, the e-cigarette maker, is being investigated over allegations that it used deceptive marketing to target minors.
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NewsConsumer confidence slips amid mounting pre-Brexit nerves
UK consumer confidence slipped back this month, as mounting Brexit uncertainty led to consumers feeling increasingly nervous
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NewsHighland Spring to reduce plastic use after securing £55.5m backing
Highland Spring Group will ramp up its environmental sustainability initiatives after securing multi-million-pound backing from HSBC UK
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NewsArla Foods posts strong sales but warns of Brexit concerns
Dairy giant Arla Foods hailed “strong” sales growth in the first half of 2019, but warned the impact of a hard Brexit could hit performance in the second half.
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NewsJosé Antonio Echeverría replaces Ron Lewis in key CCEP role
CCEP said Echeverría was an experienced business and operations leader
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsMedia Bites 29 Aug: Supermarkets, Altria/Philip Morris, WH Smith
UK supermarkets swept higher after a cheery analysis concluded they could flourish even if the UK doesn’t strike an agreement with the EU.