Finance news – Page 414
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NewsLiquidators appointed at scandal-hit Hebridean Sea Salt
Hebridean Sea Salt is set to be liquidated after being embroiled in a scandal over the authenticity of its product.
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NewsWelsh food and drink exports soar by almost 20%
Exports from Welsh suppliers hit £337.3m, up 19.8% year on year, according to Welsh government data
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NewsOxfam report slams Reckitt Benckiser over tax: at a glance
A new report by the charity is critical of multinationals it claims do not pay their ‘fair share’ of tax globally
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NewsMedia Bites 13 July: Tesco/Booker, B&M Bargains, Wetherspoons
The long-expected phase 2 investigation into the £3.7bn Tesco and Booker merger generates plenty of column inches in today’s papers.
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NewsCity snapshot: Reckitt Benckiser denies avoiding £60m of taxes in developing nations
Reckitt Benckiser has denied accusations of tax avoidance in developing countries as charity organisation Oxfam publishes a report highlighting the household goods manufacturer as an example of a multinational not paying its “fair share”. Plus, the newly demerged Metro Group starts trading shares.
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NewsTasties of Chester rescue deal saves 188 jobs as former Adelie CEO takes over business
Almost 200 jobs have been saved at food-to-go operator Tasties of Chester after former Adelie Foods CEO Gavin Cox put together a rescue deal with administrators.
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NewsB&M benefits from late Easter and sunshine as shoppers hunt for bargains
B&M Bargains has recorded its strongest first quarter of like-for-like growth in three years as the late Easter and hot weather boosted sales and the return of inflation sent shoppers searching for a bargain.
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NewsSSP Group sees sales grow as air passenger numbers rise
Travel concession operator SSP Group has reported like-for-like sales growth of 3.6% in its third quarter results and a 21.7% jump in total group revenues.
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NewsSupermarket real estate transactions on the up, data reveals
Real estate transaction volumes in the supermarket sector increased by 20% in the first half of 2017
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NewsWaitrose hit by £41.5m property writedown cost
The retailer focused on improving its existing estate rather than aggressive expansion in the past year
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NewsCard payments overtake cash as payment technology advances
The amount spent in cash in 2016 fell by 4.9% compared with the previous year said the BRC
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NewsPhilip Ainsworth made marketing director at Pernod Ricard
Ainsworth, who was previously marketing director for Wyborowa vodka, takes over from Patrick Venning…
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NewsMedia Bites 12 July: M&S, PepsiCo, Coke, Aldi
The papers put Marks & Spencer firmly in the spotlight following its first quarter update yesterday. M&S suffered a dip in like-for-like sales in the three months ending in July as it cut back on discounts but overall revenues increased thanks to further food store openings.
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NewsCity snapshot: Tesco to face in-depth phase 2 investigation into £3.7bn Booker merger
The Competition and Markets Authority said this morning that shoppers could face “worse terms” when buying groceries in more than 350 local areas where there is currently an overlap between Tesco shops and Booker-supplied symbol stores. Plus, strong first quarter for B&M Bargains as rising prices drive shoppers into its shops; SSP Group reports soaring sales in the third quarter; and debit card payments overtake cash in the UK
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NewsAdelie Foods enters redundancy talks with 180 staff as it continues recovery
The sandwich maker is proposing to transfer production from its facility in Middlesbrough to other factories within the group, as well as relocating its Midlands distribution centre from Leicester to Tamworth.
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NewsM&S trading update: What the analysts say
M&S shares have fallen 4.7% today despite improving trends in general merchandise and grocery and headline sales growth of 2.7%.
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NewsAldi seeks 4,000 new staff in recruitment drive
The roles are predominantly for store assistants, assistant store managers and deputy store managers
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NewsCity snapshot: Marks & Spencer’s first quarter like-for-like sales drop 0.5%
Marks & Spencer has reported a 0.5% fall in first quarter like-for-like sales, as the timing of Easter and improved performance in general merchandise led to an improved overall sales performance. Plus, retail sales rise 1.2% last month amid best food sales since 2012, McBride’s annual sales drop 5.9% and all the rest of the latest news from the City
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NewsMedia Bites 11 July: Premier Foods, Retail sales, Co-op Bank
Premier Foods has been criticised by another investor for “a poor regard for shareholder value” in a further sign of the pressure on the company’s board.
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NewsExporters to feast on growth in food and drinks industry after Brexit
The UK food and drink industry is set for strong future growth on the back of global demand for British produce, despite concerns over the impact Brexit could have on staffing levels in the sector, according to an upbeat report by EEF and Santander.