Finance news – Page 305
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NewsSupermarkets warn of chaos and empty shelves threat from no-deal Brexit
The letter signed by supermarket chiefs said without a deal ‘millions’ of UK consumers would suffer
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NewsTesco confirms major restructure plans to staff
The UK’s biggest retailer is thought to be planning an overhaul of its fresh food counters and bakeries
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NewsCity snapshot: Tesco reportedly to 'cut up to 15,000 jobs' by axing fresh food roles
Tesco to embark on a fresh round of cost-cutting, Ocado and M&S in secret talks and the rest of the news from the City
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NewsMedia Bites 28 Jan: Tesco, Ocado/M&S, Patisserie Valerie
Tesco could axe up to 15,000 jobs in a cull that is expected to put some of its meat, fish and delicatessen counters in the firing line.
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NewsSamworth Brothers to close Kensey Foods dessert business
The proposed closure of the Launceston-based factory has put 650 jobs at risk
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NewsCrawshaw owed more than £15m after administration
Crawshaw Group shut 35 of its 54-store portfolio across the north and Midlands when it crashed into administration in October
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NewsCity snapshot: Asahi buys Fuller’s beer business for £250m
Japanese drinks giant Asahi has acquired British brewer Fuller’s entire beer business, Irn-Bru maker AG Barr predicts a rise in profits despite “uncertainty” and the rest of the City news
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NewsMedia Bites 25 January: Fever-Tree, Patisserie Valerie, Allergy labelling
Fever-Tree, the British maker of premium tonic waters catering to a growing taste for speciality gins, said its 2018 sales had run ahead of management expectations
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NewsOnline wine retailer WineDirect suspends trading after entering administration
Fermentation Ltd, the company behind WineDirect and JustInCases.co.uk, hired administrators last week
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NewsFeverTree reports 39% full year sales jump
FeverTree has reported a 39% surge in annual revenues for its full 2018 financial year, driven by 52% growth in its home market.
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NewsMedia Bites 24 Jan: Tesco trial, Patisserie Valerie, Retail jobs
Tesco’s former UK finance boss has accused the supermarket group of “throwing him under a bus” and abandoning truth and justice for its own “commercial imperatives”.
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NewsPatisserie Valerie shutters 71 outlets at the cost of 920 jobs
Newly appointed administrator for collapsed Patisserie Holdings KPMG has confirmed that initial closures of loss-making outlets will lead to 920 job losses.
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NewsCentral England Co-op sees rise in Christmas like-for-likes
Christmas Eve generated its highest turnover day of 2018
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NewsTravel growth buoys WH Smith amid high street decline
Strong growth in WH Smith’s travel arm boosted the retailer.
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NewsMedia Bites 23 Jan: Patisserie Valerie, Tesco, Unilever
Patisserie Valerie has crashed into administration after last-ditch talks with banks failed to secure a financial lifeline
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NewsPatisserie Holdings collapses into administration
Patisserie Holdings, the owner of cake retailer Patisserie Valerie has announced it has fallen into administration after being unable to renew its banking facilities.
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NewsJust Eat acquires software platform Flyt in £22m deal
The listed food delivery operator has purchased the startup which offers software for restaurants and their suppliers
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NewsFood and drink bosses welcome PM's u-turn on settled status charge
The government has promised anyone who had already paid the fee will be reimbursed
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NewsRémy Cointreau posts 8.7% organic sales growth in third quarter
French spirits giant Rémy Cointreau has posted organic growth of 8.7% in its third quarter to take its sales for the first nine months of the year up 8.1% to €919.4m.
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NewsMedia Bites 22 Jan: Shrinkflation, Patisserie Valerie, Just Eat
British shoppers are getting less for their money as hundreds of products on supermarket shelves are getting smaller but their prices are not falling.