Finance news – Page 295
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NewsDave Lewis slams 'broken' government retail strategy
Lewis called for urgent reform of the Apprenticeship Levy and for an online sales tax
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NewsBeer Boutique collapses blaming supermarket craft push
Founder James Hickman blamed supermarket ranges and soaring rent prices
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NewsEmily Crisps bought by Ape Snacks
The deal will see Emily Crisps and Ape Snacks combine to create the new Nurture Brands business…
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NewsSalad supplier Kanes in turnaround after plunging to £9.8m loss
The supermarket supplier is in a ”secure” position after agressive cost-cutting
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NewsCity snapshot: Consumer confidence holds steady despite Brexit chaos
UK consumer confidence remained flat in March despite the unprecedented uncertainty surrounding the country’s exit from the EU.
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NewsMedia Bites 29 March: Dave Lewis, Brexit, Ocado
The boss of Tesco has criticised those who look down on shop jobs, accusing ministers of sidelining the retail industry and prioritising car and steel manufacturers.
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NewsSustainable confectioner Doisy & Dam secures £750k cash boost
The brand will use the funding to drive further NPD and PoS marketing
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NewsCCEP secures London Stock Exchange listing
The Coca-Cola producer for the UK and Europe has secured a listing on the main market of the London Stock Exchange.
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NewsMedia Bites 28 March: Retail sales, Imperial Brands, Unilever
UK retail sales fell in March at the fastest rate for more than a year, as Britain’s mounting political crisis over Brexit weighed on consumers
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NewsCostcutter posts loss but pushes 'investment in people'
The symbol group was heavily impacted in the first half of the year by the collapse of its former distributor Palmer & Harvey
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NewsHilton Food Group sales and profits beat expectations
Sales surged 21.5% at Hilton as it was buoyed by the integration of fresh fish supplier Seachill and new business wins, Imperial Brands told investors it expects to hit sales targets and the rest of the news from the city
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NewsMedia Bites 27 March: Ocado, Fever-Tree, Brexit
Online grocer Ocado has landed its fifth major overseas deal in less than 18 months after signing a deal with Australian retail giant Coles
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NewsAB InBev becomes Budweiser Brewing Group in UK & Ireland
The brewing giant said the new name better reflects its ongoing ambitions
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NewsOcado secures partnership with Australia's Coles
Ocado shares rose 4% in early trading after it secured its fifth international partnership, with Australian retail giant Coles, Fever-tree saw sales jump 40% to £237m, and the rest of the news from the City
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NewsMedia Bites 26 March: Majestic Wine, The Co-op, Ocado
Majestic Wines has said it plans to close stores, sell assets and focus on its online Naked Wines business
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NewsUK Snacks collapses into administration after factory fire
Own label Asian snack manufacturer UK Snacks Ltd has collapsed into administration, nine months after a fire tore through its main manufacturing site
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NewsFood & drink export growth slowing down amid Brexit concerns
The 2018 growth rate was roughly a quarter of that seen in 2017
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NewsSupermarket Income REIT ramps up expansion with £45m raise
The UK’s biggest buyer of supermarkets in 2018 has ramped up its expansion plans, days after hiring ex-Sainsbury’s boss Justin King as an advisor
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NewsMajestic Wine to close stores in Naked rebrand
Majestic Wine is to close stores and rebrand as Naked Wines as part of a transformation plan, Greene King hires a new non-executive director and the rest of the new from the City
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NewsMedia Bites 25 March: Sainsbury's/Asda, Marks & Spencer, Tesco
Sainsbury’s and Asda have said they would dispose of between 125 and 150 stores in order to help secure regulatory approval for their proposed merger