Finance news – Page 437
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News2 Sisters takes on hundreds of extra staff in expansion plan
Supplier will take on 300 new staff as it extends operations at its site in Willand, Devon
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NewsCity snapshot: Currencies weigh on first half earnings at British American Tobacco
British American Tobacco said its first half-year trading was in line with expectations but warned that currency exchange rates would inhibit growth. Plus, the latest on Poundworld’s plunge into administration and all the rest of the latest news from the City.
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NewsMedia Bites 12 June: Poundworld, Mars, Ocado
Poundworld has plunged into administration putting 5,100 jobs in jeopardy after efforts to secure a last-minute buyer failed.
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NewsDr Oetker profits fall 31% after cost increases
Frozen food supplier Dr Oetker has seen profits fall on the back of cost increases despite a 2.4% rise in sales
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NewsPoundworld collapses into administration
Talks with potential buyer RCapital collapsed over the weekend, putting around 5,100 jobs at risk
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NewsCity snapshot: Retail footfall returns to modest growth in May
Retail footfall continued to fall in May despite the hot weather, but showed a marked improvement from the footfall collapse of March and April. Plus, dairy exec joins the board of Produce Investments, a look ahead to events this week and all the rest of the latest news from the City.
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NewsMedia Bites 11 June: 2 Sisters, Asda/Sainsbury's, M&S
Chicken tycoon Ranjit Boparan is preparing to sell one of Britain’s oldest pie makers as he scrambles to rescue his business empire, writes The Times.
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NewsCommodity cost increases and weak pound hit profits at Filippo Berio
Premium olive oil supplier Filippo Berio saw a fall in profits despite 8% sales growth as it was impacted by increasing commodity costs and a weaker pound
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NewsSainsbury’s boss Mike Coupe receives 46% pay boost
Sainsbury’s chief executive Mike Coupe has been handed an annual pay package worth £3.43m after receiving higher performance-related bonuses during the year.
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NewsBig brands lose listings in Tesco's latest Project Reset
Higgidy, Kerrygold and Danepak are among the big brands to have lost shelf space
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NewsCharlie Bigham's adds capacity as it records 18% profits rise
The upmarket ready meal manufacturer saw pre-tax profits rise to £4.1m for the year ending 31 August 2017, after sales rose 7.5%
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NewsWH Smith exceeds expectations with solid third quarter sales
WH Smith’s “profit-focused strategy” seems to be winning more friends in the City than it has on the high street
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NewsPies & pastries supplier Peter's embarks on refinancing deal
Welsh pies and pastries supplier Peter’s is undergoing an emergency multimillion refinancing after falling to a pre-tax loss of £2.6m last year
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NewsShortages and Ramadan demand set to hike watermelon prices
Warm temperatures in the UK have increased demand for the fruit
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NewsCity snapshot: Supermarket inflation eases to 1.1% in May
The Grocer Price Index measure of supermarket inflation fell from 1.2% to 1.1% as Tesco recorded its lowest level of inflation for almost a year. Plus Distil shares rise after year of double-digit growth and all the rest of the latest news from the City.
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NewsMedia Bites 8 June: Costa Coffee, M&S, Poundworld
Whitbread has mooted the possibility that it could sell its Costa Coffee or Premier Inn businesses rather than pursue its proposal to demerge its coffee business within the next two years.
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NewsTesco inflation falls but it's still running ahead of rivals
Tesco has recorded its lowest level of inflation for almost a year as the UK’s biggest supermarket looks to step back into line with the other major players.
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NewsM&S chief executive Steve Rowe's earnings slashed by almost a third
The cheif executive of the high street retailer saw his earnings for the year fall by more than £500k, the company’s annual report revealed
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NewsPoundworld buys time with intention to appoint administrators
The process gives the chain 10 working days’ protection from creditors, after which an administrator will be appointed
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NewsCMA launches phase one inquiry into MFG's takeover of MRH
The CMA’s decision on whether to wave the deal through or proceed to a more in-depth phase two inquiry is expected by 6 August.