Finance news – Page 374
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NewsCD&R sells remaining 5% B&M Bargains stake for £200m after bumper Christmas
The private equity backers of B&M Bargains has sold its remaining 5% stake in the discount chain for £200m, cashing in on a bumper Christmas for the business.
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NewsFortnum & Mason reports record Christmas trading performance
Like-for-like festive sales at Fortnum were up 13%; online sales were up 23%
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NewsBrewDog extends £50m crowdfunding drive until October
The brand has extended its current Equity For Punks crowdfunding drive until October this year…
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NewsLily’s Kitchen sales up 36% but investment results in loss
Turnover at the premium petfood supplier rose to £19.8m in the year ended 31 March 2017
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NewsMedia Bites 15 January: Asda, Premier Foods, Palmer & Harvey, Nestlé, Lactalis
Asda’s new boss has claimed that the struggling grocer mounted a resurgence over the festive period, luring shoppers away from its biggest rivals and racking up the best sales of the big four supermarkets.
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NewsPremier Foods pours cold water on potential sale of Batchelors to Nissin
Premier Foods has denied it is in talks to sell its Batchelors noodles brand to Nissin Foods after media reports emerged over the weekend revealing a potential deal.
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NewsHenderson deal for five McColl's stores examined by CMA
Interested parties have until 26 January to submit their comments to the CMA
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NewsPrinces owner tests water for potential Young's acquisition
Mitsubishi Corporation approached the private equity owners of Young’s late last year
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NewsThomas J Fudge's records loss in first year of PE ownership
Thomas J Fudge’s Remarkable Bakery slipped to a £1.5m pre-tax loss in its first year under private equity ownership
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NewsFox's and Burton's sweat to nail down final merger cash
A £400m merger of Fox’s and Burton’s Biscuits is on a knife edge after funding fell through at the final hurdle
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NewsBooker reports strong third-quarter growth
Booker recorded strong growth in the third quarter, despite a drag from falling tobacco sales…
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NewsMr Sherick's Shakes appoints liquidator amid cost pressures
The ‘super premium’ range of Mr Sherick’s Shakes retailed at the top end of the market (£1.99 for a 250ml bottle)
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NewsNew wholesale regs pushed Interbev Ltd into administration
Fast-growing drinks wholesaler Interbev Ltd was pushed into administration after new HMRC alcohol regulation hit revenues
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NewsTesco and M&S both fall short of City expectations
“Super Thursday” proved anything but super for the grocers this week
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NewsBuoyant sales for Buckfast but Brexit hits profit margins
Annual accounts for owner J Chandler & Co for the year to 31 March 2017 show a 3.1% rise in sales
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NewsFaccenda credits profit rise to focus on lower costs
The chicken, duck and turkey supplier is expected to complete a joint venture with the UK poultry arm of US meat giant Cargill
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NewsWyke Farms profits rise despite butterfat cost hikes
The cheesemaker had to contend with a near £1m loss in turnover from its butter division
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NewsMedia Bites 12 January: Tesco, Marks & Spencer, John Lewis/Waitrose, Amazon
‘Super Thursday’ saw the fortunes and disasters of the retail industry dominating yesterday’s news cycle – and grocery retailers in particular as Tesco, Marks & Spencer and Waitrose all reported results.
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NewsCity snapshot: B&M Bargains sales soar in Christmas run up
The march of the discounters continues this morning as B&M Bargains unveils strong results in the run up to Christmas, driven by a “robust” performance of its grocery and fmcg ranges. Plus, Conviviality announces raft of organisational changes, with Mark Aylwin leaving the group.
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NewsAspall sales surged by £7.4m in run up to Molson Coors acquisition
Operating profits fell into the red (–£187k) thanks to “greater than expected” costs