Finance news – Page 300
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NewsMedia Bites 28 Feb: Ocado/M&S, Premier Foods, Patisserie Valerie
The boss of Marks & Spencer has defended the decision to spend £750 million on a food delivery tie-up with Ocado
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NewsPets Choice expands with acquisition of Rufus Foods
UK pet food manufacturer Pets Choice has expanded with the acquisition of competitor Rufus Foods
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NewsOcado deal was only way for M&S to move online, says Rowe
A deal announced between the two companies will see M&S take 50% of Ocado’s UK retail business under a new joint venture
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NewsMedia Bites 27 Feb: Ocado/M&S, Hotel Chocolat, Brexit
Ahead of this morning’s confirmation of the £1.5bn tie-up between Ocado and M&S, long-awaited confirmation the pair were in talks is heavily covered in today’s papers.
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NewsCity snapshot: Ocado and M&S agree £1.5bn joint venture
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.
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NewsOcado confirms it's in talks with M&S over UK joint venture
A deal between the two retailers could be announced as soon as tomorrow
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NewsCity Snapshot: UK growth drives strong profits at Hotel Chocolat
Strong Christmas sales drove a surge in revenues at Hotel Chocolat during the second half of 2018, WH Smith adds new directors and the rest of the latest news from the City
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NewsMedia Bites 26 Feb: ABF, Kraft Heinz, Finsbury Food Group
Associated British Foods has issued a dire warning about the prospect of a no-deal Brexit
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NewsDo Kraft Heinz's travails signal the end of the zero-based budgeting era?
After Kraft Heinz posted a US$12.6bn fourth quarter loss, has the poster child for cost cutting shown the era of zero-based budgeting is coming to an end?
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NewsDefra: food industry planning will minimise no-deal impact
The government is warning against consumers stockpiling food, insisting the food industry is sensibly prepared
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NewsFood and drink deals slow down following strong 2018
Worries over the UK leaving the EU have dampened domestic deal volumes this year
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NewsTesco would benefit from Sainsda competition loss, says CMA
The watchdog has published the findings of a 20,000-shopper exit poll carried out by Kantar Public
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NewsMedia Bites 25 Feb: Asda/Sainsbury's, Dairy Crest, Kraft Heinz
The American private equity giant that owns ticketing app Trainline is plotting a bid for Asda as the supermarket’s £14bn merger with rival Sainsbury’s teeters on the brink of collapse, according to the Sunday Times.
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NewsCity snapshot: Profits stabilise at Finsbury Food Group despite sales drop
Finsbury Food Group was back in profit in the first half of its financial year, though business closures meant headline revenues declined. Plus, ABF to shrug off sugar woes and post annual sales growth and all the rest of the latest news from the City.
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NewsDairy Crest to remain 'passionately British' despite sale, CEO Mark Allen insists
The Cathedral City owner is to be sold to Canadian dairy giant Saputo, in a £975m cash deal
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NewsProfits slide at Divine Chocolate amid currency pressures
Profits dropped to just £9k in the year ended 30 June 2018
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NewsPropercorn to switch to UK packaging supplier post-Brexit
The London snack brand’s plan to move from its current supplier in Italy arose during plans to ‘mitigate risk’ after 29 March
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NewsSuppliers celebrate CMA's Sainsbury's-Asda findings
There was widespread celebration over this week’s verdict, despite the competition watchdog dismissing concerns raised over the impact on suppliers
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NewsMedia Bites 22 Feb: Just Eat, Kraft Heinz, Sainsbury's/Asda
US competitor to Just Eat, Uber Eats announced plans to cut the fees it charges restaurants on Thursday (21 February)