Finance news – Page 307
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NewsPatisserie Valerie reveals “extensive” accounting misstatement
Patisserie Valerie has announced to the stock market it has found the misstatement in its accounts was “extensive” and involved “very significant manipulation”.
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NewsIrish food exports grow despite uncertainty over Brexit
Dairy was the strongest performer in terms of export and volume growth, with volumes up 5% compared with 2017
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NewsNick Mackenzie hired as Greene King CEO
Mackenzie joins from Merlin Entertainments, where he was responsible for brands such as Madame Tussauds and the London Eye
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NewsReckitt Benckiser CEO Rakesh Kapoor to stand down
Consumer health giant Reckitt Benckiser has announced this morning that Rakesh Kapoor will retire from his position as CEO by the end of 2019.
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NewsMedia Bites 16 Jan: Brexit, M&S, Consumer spending
Philip Hammond sought to reassure business leaders on Tuesday night that a no-deal Brexit could be blocked, while also raising for the first time the possibility of a delay to Article 50.
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NewsM&S confirms closure of further 17 stores
Thirty stores have already closed as part of M&S’s plan to shut more than 100 by 2022
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NewsFormer Mondelez UK MD Mike Taylor joins Montezuma's as Chairman
The appointment comes two months after Montezuma’s was acquired by Inverleith LLP
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NewsBooths credits Christmas sales hike to click & collect uplift
Booths also said that its profits excluding tax also rose 4.5% compared with a year ago
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NewsCity snapshot: Bart Becht resigns as JAB Holdings chairman
The chairman of JAB Holdings, veteran dealmaker Bart Becht, has resigned after a reported split with his two partners, Lindt & Sprüngli saw sales jump 5.5% in 2018, and the rest of the news from the City
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NewsMedia Bites 15 Jan: JAB Holdings, Stockpiling, Gillette
Bart Becht, the chairman of Pret-owner JAB Holdings, has quit after a split with his two partners
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NewsDan Jago to step down as Berry Bros & Rudd CEO
Jago spearheaded a three-year turnaround of the upmarket retailer
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NewsYoung Foodies and Spayne Lindsay launch funding platform
The fmcg community network and the corporate finance firm have launched YF funding to aid founders and investors
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NewsGareth Jones takes over as CEO at Musclefood
Musclefood founder Darren Beale will take a part-time, non-executive advisory role
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NewsRetail footfall slumps over Christmas
Retail footfall over the Christmas period fell by 2.6% according to the latest BRC-Springboard footfall and vacancies monitor.
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NewsMedia Bites 14 Jan: Sainsbury's/Adsa, Patisserie Valerie, AB InBev
Sainsbury’s is facing a tougher battle than it had expected to get regulatory approval for its proposed takeover of Asda without onerous conditions.
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NewsProfits plunge 29% at Oscar Mayer after PE takeover
The ready meal supplier saw profits fall on the back of rising raw material costs
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NewsBlakemore takes £18m hit after exiting cash & carry sector
Annual results for the year ending 30 April 2018 show the wholesaler recorded a loss of £18.8m on sales of £1.26bn
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NewsProfits slump at Princes after 'raw material price increases'
Princes had already announced plans to shut down its Chichester manufacturing site in 2020
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NewsGato & Co secures £200k cash boost after rejecting Dragons
Seven new investors have backed the pudding supplier in the new funding round
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NewsCity snapshot: Lidl festive sales jump 8%
Sales at Lidl jumped 8% year-on-year over the festive period, driven by strong sales of its Deluxe range. Plus Fortnum & Mason sales surge 12% over Christmas and all the latest news from the City.