Finance news – Page 423
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NewsTesco-Booker merger investigation opened by CMA
The phase I investigation was launched today (30 May), with comments to be submitted by 13 June. A decision will follow on 25 July
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NewsCity snapshot: Rising food sales boost Applegreen
Petrol forecourt retailer Applegreen has made a “positive” start to 2017
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NewsMedia Bites 30 May: Sainsbury's/P&H, Tesco, M&S
Sainsbury’s is exploring a takeover bid for Palmer & Harvey the UK’s biggest tobacco distributor, according to Sky News.
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NewsEagle Eye to raise £6m for expansion drive
AIM-listed retail technology firm Eagle Eye is to raise £6m to boost its marketing spend and target expansion in Canada and North America.
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NewsNomad ups earnings expectations after promotion-driven organic sales growth
Birds Eye and Findus owner Nomad Foods has upped its full year earnings expectations after heavy promotions in the UK drove it to a 1.1% rise in organic sales in the first quarter
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NewsDunbia-Dawn Meats merger 'secures strategic Brexit hedge'
Dunbia CEO Jim Dobson will run the jv, with Dawn Meats CEO Niall Browne acting as executive chairman
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NewsMarks & Spencer shares hold firm despite profit slump
Long-time supporters of Marks & Spencer found cause for comfort but there was plenty for bears to get their teeth into
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NewsFever-Tree shares net £73m for Charles Rolls
Fever-Tree co-founder and former executive chairman Charles Rolls has netted £73.1m from a share sale this week
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NewsTwisted Halo set to launch bid for £450k on Seedrs platform
Alcoholic coconut water brand Twisted Halo is set to launch a £450,000 crowdfunding campaign next week
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NewsCity snapshot: Leisure spend slowdown continues as sales slide at Restaurant Group
More suggestions of a UK consumer slowdown have emerged this morning as Frankie and Benny’s owner Restaurant Group reported a slide in sales at the start of the year
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NewsMedia Bites 26 May: Pepsi/Britvic, B&M, Tate & Lyle
PepsiCo has decided to sell up to all of its long-held 4.5% stake in its UK bottler Britvic.
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NewsPalmer & Harvey management shakeup sees several senior directors leave
A number of senior directors including executive deputy chairman Chris Etherington have left the wholesaler, The Grocer understands
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NewsMcColl's Jonathan Miller 'open to supply deal with Booker'
McColl’s CEO Jonathan Miller said he would be open to a supply deal with Booker
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NewsRobert Porter-Smith joins backers of smoothie kit newbie Pack'd
Frozen smoothie kit startup Pack’d has secured £350,000 from three investors
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NewsCity snapshot: Organic growth and new stores drive bumper year for B&M
B&M European Value Retail has recorded a double-digit rise in sales and profits driven by increased organic growth and its rapid store roll-out programme
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NewsMedia Bites 25 May: M&S, Fever-Tree, Britvic
Investors largely welcomed the signs of progress at Marks & Spencer under new boss Steve Rowe yesterday, but this morning’s headlines do not make pleasant reading for the high street stalwart.
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NewsFever-Tree co-founder to sell £43.5m of shares
Fever-Tree (FEVR) co-founder and former executive chairman Charles Rolls is seeking to sell 2.5 million shares to institutional investors.
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NewsBritvic’s shares rise despite profits drop
Robinsons owner Britvic has posted a double-digit rise in first half sales, but restructuring costs hit pre-tax profits.
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NewsM&S quashes Ocado tie-up for online grocery rumour
CEO Steve Rowe said the autumn trial would be a “low-cost” store picking service conducted in-house without a partner
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NewsDawn Meats and Dunbia form meat giant in UK with joint venture deal
Irish meat processors Dawn Meats and Dunbia have agreed a strategic partnership to establish a majority-owned joint venture comprising of the UK operations of both organisations.