Finance news – Page 359
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NewsFinsbury Food Group back on the acquisition hunt after solid first half
Listed bakery business Finsbury Food Group is back on the acquisition hunt after a period of consolidation that saw first half like-for-like sales edge up 2.5% to £144.8m.
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NewsPanic-buying shoppers empty shelves over weekend
Stores along a 19-mile stretch between Hayle and Truro in Cornwall sold out of bread, eggs, vegetables and milk
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NewsPoundstretcher faces tighter insurance terms for suppliers
Leading insurer Euler Hermes has reduced credit cover for the variety discounter’s parent company, Crown Crest Group
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NewsCountrywide Farmers hopes for rescue after Mole Valley deal collapse
Administrators are searching for a buyer for Countrywide Farmers Group’s retail business following the collapse of its proposed takeover by Mole Valley Farmers after the CMA blocked the deal.
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NewsCity Snapshot: First half sales and profits up at Finsbury Food Group
Cakes and bakery goods supplier Finsbury Food Group has overcome “sustained market-wide headwinds” to post a rise in first half sales and profits.
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NewsMedia Bites 19 March: Conviviality, Palm oil, UK fisheries
The calamitous financial mishaps at Conviviality and imminent closure of shops by Carpetright put the high street on course for its worst crisis since 2008
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NewsUK food and drink manufacturers face 'hidden hard Brexit'
If the government secures a free trade agreement with the EU after Britain leaves, many UK producers could still be hit with new tariffs thanks to ingredients sourced from other countries, the FDF said.
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NewsMorrisons enters 'growth phase' of three-pronged fightback
Dave Potts said core store growth was combining with growth into wholesale markets, including a deal with McColl’s
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NewsWhy was a resurgent Morrisons rebuffed by the City?
Unexpected news of a jump in sales & profits rewarded with 4.9% drop in share price
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NewsCity snapshot: Conviviality explores equity fundraising to plug financial hole
Beleaguered booze retailer and wholesaler Conviviality has issued another market update to attempt to reassure the City, this time suggesting it is exploring an equity fundraising to plug the hole in its balance sheet.
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NewsMedia Bites 16 March: Unilever, PZ Cussons, Tesco
A Unilever special this morning as the papers explore the reason the Anglo-Dutch consumer giant is ditching London for Rotterdam and if its denails the move relates to Brexit hold water.
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NewsConviviality faces fight for survival in cash crunch
Booze giant Conviviality faces a battle for survival after a week of turmoil that saw more than £350m wiped from its value and PwC called in for help.
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NewsGCA warns mults off charging for better website positioning
Tacon also made an appeal for suppliers to come forward to take part in her annual groceries sector survey
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NewsElla's Kitchen founder Paul Lindley to leave the company
His first book, Little Wins: The Huge Power of Thinking Like a Toddler, was published in April last year
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NewsCity snapshot: Unilever ditches UK HQ for Netherlands base
Unilever has said that it plans to ditch the UK as its headquarters and will be now become a single entity based in the Netherlands. Plus PZ Cussons issues profits warning, under-pressure Conviviality cancels dividend and all the rest of the latest news from the City.
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NewsMedia Bites 15 March: Morrisons, Conviviality, Walmart
Morrisons full-year results and investor dividends as well as another profits warning from Conviviality are covered in the papers this morning.
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NewsWhey Box secures six-figure funding package to boost growth
Fast-growing protein powder deliver start-up Whey Box has secured a six-figure funding package from HSBC to help boost production capacity as it targets further listings in the big four supermarkets.
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NewsCoffee chain MangoBean rescued from administration
North-East based national coffee chain MangoBean Coffee has been rescued from administration, safeguarding all jobs at its Newcastle-upon-Tyne head office.
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NewsMenzies Distribution for sale after DX merger scrapped
Parent company John Menzies confirmed a sale process has begun
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NewsHMRC to create new duty category for ‘heat not burn’ products
Heated tobacco products are currently assessed by the taxman on a case-by-case basis to determine the appropriate liability for duty