Finance news – Page 346
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NewsHome Run launches £500k crowdfunding campaign to expand grocery delivery service
Home Run currently delivers to 15 London postcode areas, or 36,000 individual postcodes
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.
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NewsMedia Bites 31 May: Grocery market share, B&M, IFS
Morrisons led the grocery pack in terms of sales over the past 12 weeks, spurred by demand for warm-weather items, according to Kantar World Panel.
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NewsCrisp-maker Tayto acquires second popcorn company Pop Notch
Northern Ireland-based crisp manufacturer Tayto Group has acquired Northern Irish popcorn company Pop Notch Ltd’s assets including its trade mark, brand name and machinery
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NewsArla to end cheese production in Wales
Up to 154 jobs could be lost as part of a strategic review of its cheesemaking division
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NewsHeron Foods deal boosts annual earnings at B&M
B&M European Value Retail blew off turmoil on UK high streets as its annual profits jumped 25.4%.
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NewsCity snapshot: Warm weather drives grocery sales up 2.7%
Grocery sales jumped up 2.7% over the most recent 12 week period as the early summer weather boosted food and drinks sales, according to the latest grocery market share figures from Kantar Worldpanel. Plus, annual profits jump 25.4% at B&M European Value Retail, retail prices fall 1.1% and all the rest of the news from the City.
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NewsMedia Bites 30 May: Ocado, Pret A Manger, Deliveroo
A surge in the value of online supermarket Ocado in recent weeks means it is poised to become one of Britain’s top 100 stock market-listed companies following the quarterly reshuffle of the FTSE 100 index.
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NewsCawston Press raises £1m investment for continued expansion
Upmarket soft drinks brand Cawston Press has secured £1m in investment following an equity fundraising round to support the fast-growing company’s expansion
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NewsUK pet retailer snapped up by private equity buyer
The UK’s second largest pet retailer Jollyes Retail Group has been acquired in an MBO backed by mid-market private equity firm Kester Capital
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NewsSainsbury's-Asda supplier threat 'critical' to CMA probe
MP also reveals letter from Mike Coupe predicting senior management departures
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NewsIceland opens first Norwegian food store
The store in Asker, Greater Oslo opened on Wednesday, with a second set to open in Larvik, Vestfold county in June
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NewsCity snapshot: Pret A Manger sold for £1.5bn to JAB
Krispy Kreme owner JAB will acquire sandwich chain Pret a Manger from majority owner Bridgepoint and other minority shareholders for an undisclosed sum thought to be around £1.5bn. Plus all the rest of the latest news from the City.
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NewsMedia Bites 29 May: Sainsbury’s, Iceland, Which?/WH Smith
Sainsbury’s has admitted to MPs it will cut management jobs as part of its £14.1bn merger with Asda.
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NewsGreencore: investors struggling with US investment case
Investors have struggled to understand the investment case for Greencore in the US…
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NewsCity snapshot: Pernod Ricard signs whisky JV in Myanmar
French spirits group Pernod Ricard has signed a joint venture with Myanmar-based Yoma Strategic to become the first global drinks group to enter the country. Plus, Australian retial group Wesfarmers cuts its losses in the UK and all the rest of the latest news from the City.
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NewsMedia Bites 25 May: Diageo, Sainsbury's, Tate & Lyle
Diageo has kicked off an auction of US-focused spirits brands including Goldschlager, a cinnamon schnapps it has owned for more than 20 years, according to Sky News.
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NewsFood & drink exports boosted by EU sales growth
UK Food and drink exports jumped up 5.5% in the first quarter of 2018, driven by strong growth in EU markets
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NewsSainsbury's confirms increase to hourly base pay rate
The retailer said the move will give 121,000 store colleagues an average pay rise of 9.3%
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NewsPoundworld to close 117 stores by 31 August under terms of CVA
A document seen by The Grocer lays out details of a rescue plan for the ailing variety discounter, following a below expectation Christmas trading period and stock availability issues resulting from the loss of credit insurance for suppliers