Finance news – Page 383
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NewsJames Brown to lead Sainsbury's Argos commercial team
Robbie Feather is leaving to become CEO of Fenwick in the new year
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NewsAmazon in pole position to buy Booths in £150m sale
The Preston-based grocer has called in Rothschild to prepare a sale of its 28 branches, according to reports
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NewsFood and Drink Sector Council to pursue post-Brexit growth
Theresa May and business, energy and industry strategy minister Greg Clark announced the plans
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NewsCity snapshot: Booths hires Rothschild to find a buyer
Upmarket northern supermarket chain Booths has reportedly hired Rothschild to lead a sales process that could be worth up to £150m. Plus a look ahead to events in the City this week, including results from Greencore, Britvic and Cranswick, and all the rest of the latest finance news.
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NewsMedia Bites 27 Nov: Just Eat, Booths, Black Friday
Online takeaway firm Just Eat is set to join the ranks of Britain’s biggest businesses this week as it is faces promotion to the FTSE 100.
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NewsKraft Heinz names former Tim Hortons CEO as UK & Ireland chief
Kraft Heinz has bought in the former global CEO of coffee and donut chain Tim Hortons to head up its UK & Ireland business
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NewsCharles Wilson criticises anti-merger 'little island' wholesalers
Rivals would have to up their game to succeed, Wilson told The Grocer in an exclusive interview
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NewsSainsbury's short selling at highest for over a year
Short selling of Sainsbury’s shares has jumped to its highest level for over a year
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NewsSSP sales hike sends shares soaring
Despite struggles in grocery and restaurants, food to go continues to go from strength to strength
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NewsNestlé target Hain out of running for Meridian stake
Hain Celestial is understood to be out of the running for nut butter brand Meridian as the wider group becomes a multi-billion dollar target for Nestlé.
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NewsCity snapshot: Raisio removes Big Bear boss Ciaran Sullivan
The Grocer can reveal that Finnish food giant Raisio Group has parachuted in its vice president of production and procurement Jukka Heinänen to replace Ciaran Sullivan as head of its UK confectionery business. Meanwhile in early trading reports of a search for Unilever boss Paul Polman’s sucessor fail to dent its share price
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NewsRaisio removes Big Bear boss Ciaran Sullivan
Raisio blamed a negative financial performance for the senior management change
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NewsSuper-strength cider tax hike is punitive, claim cidermakers
Philip Hammond said the tax crackdown would target “excessive alcohol consumption by the most vulnerable people”
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NewsYo Sushi eyes retail move after completing Bento Sushi deal
Yo Sushi is understood to be plotting a move into UK branded retail after buying a multi-platform Canadian contemporary
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NewsMedia Bites 24 Nov: Unilever, Black Friday, Majestic
Unilever has kicked off the process of finding a replacement for chief executive Paul Polman
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NewsBerryWorld in merger with Beekers
The merger will provide a base for BerryWorld’s European arm to grow retail markets in central, eastern and southern parts
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NewsCity snapshot: Naked Wines drives first half growth at Majestic
Majestic Wine has posted underlying first half sales growth of 4.2% and a return to profitability as its Naked Wines online business saw its US sales jump. Plus, platinum members can read the our full exclusive interview with Tesco’s Dave Lewis and Booker’s Charles Wilson, Remy Cointreau’s first half sales rise and all the rest of this morning’s news from the City.
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NewsMedia Bites 21 Nov: Budget, SSP Group, Morrisons
Retailers have welcomed a change in the way business rates are calculated, which will save them an estimated £210m over the next two years.
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NewsChancellor announces surprise Budget freeze on alcohol duty
The move recognised “the pressure on household budgets” and backed “our Great British pubs” said Philip Hammond
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NewsAutumn Budget 2017 - as it happened
Coverage and key announcements by finance editor Alec Mattinson and how it affects the grocery industry