Finance news – Page 339
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NewsMedia Bites 4 April: Conviviality/KPMG, Premier Foods, Brexit prices
KPMG is being investigated by the Financial Reporting Council over its audit of Conviviality, the boss of Mr Kipling owner Premier Foods has won the backing of two City heavyweights and more.
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NewsKPMG faces investigation over Conviviality accounts audit
The auditor has stressed it completed its work “appropriately”
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NewsHenderson Foodservice acquires Irish supplier BD Foods
The acquisition is designed to strengthen Henderson Foodservice’s offering to hotel and restaurant businesses
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NewsMcBride sells personal care business and issues profits warning
Own label household goods manufacturer McBride has agreed a £12.5m sale of its European personal care liquids business and issued a profits warning on weaker than expected early summer sales.
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NewsMedia Bites 3 July: Tesco/Carrefour, Nestlé, Premier Foods
The link-up between Tesco and Carrefour gets plenty of coverage, with most centred on the potential impact on under-pressure suppliers.
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NewsTate & Lyle Sugars blames 'uncompetitive' EU regulations for huge loss
Brexit backer Tate & Lyle Sugars has blamed the ‘uncompetitive’ European Union sugar regime for annual losses that have ballooned to more than £25m.
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NewsSuppliers fear CO2 disruption will last for several weeks
While one CO2 plant in County Durham came back online today, shortages could last for several weeks, suppliers have warned
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NewsLidl to create 300 jobs with five new stores across Scotland
The discounter has announced plans to recruit up to 40 new staff for each of the planned stores
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NewsTesco agrees link up with French grocery giant Carrefour
Tesco has announced plans to enter a long term “strategic alliance” with French hypermarket chain Carrefour.
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NewsMedia bites 2 July: Premier Foods, M&S, Asda/CO2
The chairman of Bird’s custard and Bisto gravy maker Premier Foods has promised to “sort out” the company’s problems as its spat with a hedge fund escalated further this weekend.
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NewsVeg-led babyfood supplier Babease seeks £850k crowdfunding
The company said it had seen 900% sales growth over the past year and hopes to triple this in 2018-19
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NewsFruit Bowl maker back in profit despite sales decline
Fruit Bowl snacks maker Stream Foods is back in the black after improving profitability, despite a drop in sales.
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NewsPoundland defies high street turmoil with positive results
This whole story of the demise of the high street is actually the demise of poor retailers, says Poundland MD Barry Willia…
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News2 Sisters profits fall 77% amid protein division restructure
The poultry giant said volume growth was more than offset by the “negative impact of beef, poultry and fish price inflation”
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NewsWhitbread blames high street woes for Costa Coffee sales fall
Whitbread said a decline in footfall in traditional shopping locations dragged Costa’s like-for-like sales back 2% in its first quarter.
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NewsPet goods supplier Petface rescued from administration
Petface appointed administrators BDO last week
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NewsOasis "dismayed" over Premier chairman's defence of CEO
The boardroom battle at Premier Foods is continuing into a second week, as second-largest investor Oasis Management described its “dismay” over comments by company chairman Keith Hamill in favour of re-electing current boss Gavin Darby.
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NewsMedia Bites 29 June: Tesco, Warburtons, Greene King
Tesco is planning the biggest revamp of its own-brand food in its 99-year history – and scrapping thousands of big name labels from its shelves
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NewsWarburtons hit by CO2 crisis as shortages spread to crumpets
Warburtons has been forced to suspend production at three of the four UK bakeries that produce its crumpets
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NewsHolland & Barrett accused of ‘tarnishing’ Groceries Code
In an interview with BBC Radio 4, Holland & Barrett CEO Peter Aldis claimed the idea of strained relations with its suppliers was “old hat”