Finance news – Page 420
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NewsReckitt Benckiser secures regulatory clearance for $17.9bn Mead Johnson takeover
Reckitt said the acquisition would considerably strengthen its presence in developing markets, particularly China where Mead Johnson has sales of more than $1bn.
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NewsOcado & Morrisons' Birch Coppice DC bought by Tritax Big Box
The Dordon facility was purpose built for Ocado in 2012
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NewsOcado seeks to borrow £200m to grow capacity and improve offer
The online retailer today said it was keen to take advantage of “historically low financing costs”
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NewsConsumer spending falls in May as shoppers display caution
High street footfall also declined in May with a fall of 2%
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NewsNisa Retail explores potential sale of member-owned buying group
Nisa told its members this weekend that it had received ’a number of enquires and proposals’
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NewsMedia Bites 12 June: Nisa, Poundstretcher, Morrisons, Tesco
The shockwaves from Thursday’s election dominate the papers this weekend, but there is still plenty of grocery news, including Nisa Retail hiring bankers to explore a shock sale.
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NewsCity snapshot: Industry welcomes Michael Gove as Defra secretary
Michael Gove has been appointed as Defra secretary in a cabinet reshuffle by Prime Minister Theresa May in a move welcomed by the food and drink industry. Plus, sterling stabilises after crashing on the shock general election result.
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NewsCity News: Ocado international deal fails to excite analysts
It all started so well. Ocado shares leapt above 338p to a year high on Monday morning
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NewsSainsbury's hit hardest by shock election result as Tesco to benefit
Sainsbury’s is likely to be the hardest hit of the listed grocers by the ongoing political and economic uncertainty brought by a hung parliament thanks to its exposure to the high street with Argos, analysts have warned today.
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NewsSNP losses mean independence vote 'unlikely' says SGF
The SNP lost 21 seats in the General Election…
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NewsGreyHawk rescued in wake of brand dispute
Twenty jobs have been saved at Yorkshire brewer GreyHawk after it was bought from administration…
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NewsMarkets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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NewsAsda keeps a lid on prices as inflation eases again
Prices are rising compared with last year, but still remain 2.2% down on a two-year basis
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsMedia Bites 9 June: General election, M&S, Rémy Cointreau, Red Bull
The shock of last night’s election result resulting in a hung parliament is being digested by the papers this morning.
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NewsLewis relocation costs face scrutiny at AGM
An influential investment group has called on shareholders to vote down the Tesco pay report over relocation costs for CEO Dave Lewis
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NewsRoberts still solidly profitable despite pensions deficit blow
Bread maker Roberts Bakery defied “difficult” market conditions to post flat revenues and profits last year, but fell to a headline loss due to a recalculation of its pensions deficit.
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NewsCity snapshot: Rémy Cointreau raises earnings expectations after “excellent” annual performance
French drinks group Rémy Cointreau has lifted its future outlook after revealing an “excellent” annual performance, with a double-digit jump in profits and an almost 5% sales boost. Plus, Pernod Ricard buys majority stake in mezcal brand Del Maguey Single Village Mezcal
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NewsMedia Bites 8 June: Steinhoff, Lidl, Tesco, Kellogg
As the UK heads to the polls today, the papers are dominated by the final day of the campaign and the continuing story of the London terror attack. It’s looking very quiet when it comes to grocery or retail news.
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NewsSauces and juice producer Fruitapeel undergoes MBO
Terry and Deborah Haigh have taken over ownership of the business from existing fellow shareholders Frank and Philip Frederick. Finance director Neil Murgatroyd has also acquired a stake in group as part of the deal.