Finance news – Page 306
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NewsHenkel issues profits warning amid need for brand investment
German consumer group Henkel has issued “its biggest profits warning in recent history” as it outlined plans to reinvest in its flagging brands.
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NewsPost-Brexit fisheries bill 'lacks detail', MPs warn
Government plans on a post-Brexit fisheries policy did not meet expectations, according to the Commons Efra commitee
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NewsSainsbury's-Asda faced 'unfair' CMA timeframe, judges rule
The CMA is expected to announce its provisional findings later this month or in early February
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NewsMcVitie’s owner Pladis names Salman Amin as global CEO
Amin will replace Jim Zaza, the senior Pladis director who took over as interim head in September
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NewsPatisserie Valerie locked in crisis talks
Last ditch talks to secure the future of café chain Patisserie Valerie are continuing.
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NewsMedia Bites 21 Jan: Sainsbury's/Asda, Patisserie Valerie, Brexit
Tesco and Morrisons are positioned to block the £10bn merger of Sainsbury’s and Asda by refusing to buy scores of stores
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NewsCity remains stoic in wake of Brexit vote but Kapoor's exit could spell trouble for Reckitt
Political correspondents may be tearing their hair out at the latest machinations in Westminster, but the City remained remarkably stoic in the face of MPs’ overwhelming rejection of Theresa May’s Brexit plan on Tuesday.
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NewsSkinny Coffee Club acquires fellow ‘detox’ brand Bootea
Two controversial weight loss brands have merged, with Skinny Coffee Club acquiring Bootea.
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NewsValeo drives turnaround at Big Bear following £2.6m loss
The scale of the turnaround required at Fox’s Glacier Mints producer Big Bear Confectionery has been revealed by accounts showing the business lost £2.6m in the 15-month period in which it was bought by Valeo Foods.
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NewsVaping business Supreme to focus on profits before new IPO
MD Sandy Chadha said it was ‘completely the wrong environment’ to consider an IPO
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NewsBBF secures £40m funding for manufacturing investment
The own-label cakes and desserts maker received the cash injection from Wells Fargo Capital Finance
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NewsChelmsford Star Co-operative posts sales boost over Christmas
Society boosted by last minute rush for smoked salmon and prosecco
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NewsSimplyCook sells minority stake to Octopus in £4.5m deal
The direct-to-consumer recipe kit business secured the funding to expand online and in retail
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NewsDalston's secures £1m cash injection from angel investors
Dalston’s plans to use the cash for driving NPD and bolstering stock
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NewsCity Snapshot: International sales drive "robust" performance at Bakkavor
Listed ready meals giant Bakkavor (BAKK) has heralded a “robust” performance in 2018 after reporting 3.2% year-on-year growth, UK recipe kit business SimplyCook secures funding, and the rest of the news from the City
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NewsMedia Bites 18 Jan: Premier Foods, ABF, Patisserie Valerie
Premier Foods has blamed problems with its logistics overhaul for sliding sales at the end of last year
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NewsPulsin puts celebration on hold following £300k VAT victory
The taxman has until 22 February to appeal the tribunal decision that Pulsin’s brownie is cake not confectionery
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NewsCo-op signals move to online with director of e-commerce role
Conway was previously Asda’s senior director of grocery e-commerce and Morrisons’ head of online
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NewsPremier Foods third quarter sales fall 2.2%
Premier Foods has reported a 2.2% drop in third quarter sales due to a plunge in revenues from its private label cakes and international business.
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NewsMedia Bites 17 Jan: Patisserie Valerie, Reckitt Benckiser, Tesco
The future of Patisserie Valerie is in doubt again after it admitted that a £40m alleged fraud was more extensive than had been thought.