Finance news – Page 448
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NewsTesco and Booker’s £3.7bn merger: what the analysts say
Booker and Tesco today stunned The City this morning with plans for one of the biggest mergers in retail history. Here is how City analysts and other experts reacted to the news
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NewsMedia Bites 27 January: Unilever, Diageo, Johnson & Johnson
The papers look for Marmite angles in the full-year results of Unilever; and Diageo showed further signs of a turnaround.
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NewsTesco and Booker to merge in £3.7bn deal
Tesco has swooped in a surprise deal to acquire listed wholesaler Booker in a merger worth £3.7bn
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NewsM&A deals appetite high despite Brexit uncertainty
Overseas buyers for UK and Irish targets accounted for 32% of the 198 deals in the sector last year
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NewsMike Sheldon joins Medina Dairy as managing director
Formerly MD of Dairy Crest’s milk division, Sheldon joins Medina as part of a management shakeup
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NewsDiageo shares boosted by impressive interim results
Diageo reported growth across all regions on an organic basis
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NewsPrêt à Manger founder Jeffrey Hyman dies at 67
Jeffrey Hyman was the founder of Prêt à Manger and masterminded the development of the Sharwoods range
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NewsCity snapshot: Unilever's sales growth slows in "challenging" fourth quarter
Unilever has posted full-year underlying sales growth of 3.7% and a rise in profitability, although growth slowed significantly in the fourth quarter
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NewsMedia Bites 26 Jan: WH Smith, Scotch whisky, UK manufacturing
WH Smith is the main talking point in the papers this morning, with most highlighting how the boom in adult parody books and how that has given a boost to the retailer.
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NewsAlfred Jones accounts reveal £768k loss in final trading year
The retailer said the market presented an “increasingly bleak outlook for smaller independent retailers”…
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NewsOrnua buys Cheshire-based cheese firm F. J. Need
Irish dairy group Ornua has agreed to buy Cheshire-based cheese ingredients firm F.J Need for an undisclosed sum.
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NewsKout Food Group confirms Little Chef sale discussions
Kuwati firm Kout said it would evaluate all strategic options for Little Chef
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NewsCity snapshot: WH Smith upgrades profit expectations amid strong travels sales
WH Smith has upgraded its earnings forecast after reporting a 1% rise in like-for-like sales for the 21 weeks to 21 January as strong travel sales made up for the a downturn in high street
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NewsMedia Bites 25 Jan: Tesco faces fresh accounting lawsuit
“Tesco faces fresh lawsuit over past accounting irregularities”, writes The Financial Times after discovering the supermarket this month filed defence against separate legal case over the 2014 scandal.
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News‘Record cost savings’ boost annual profits at Kimberly Clark
Deep cost savings helped boost annual profits at US consumer goods giant Kimberley Clark, despite headline sales falling due to the strength of the dollar.
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NewsB&M issues £250m bond to support growth plans
The owner of the B&M Bargains retail chain is issuing £250m on bonds to refinance existing debt and boost its future growth plans.
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NewsSainsbury's chair warned over using staff to renovate home
Company board found Tyler breached ethical code of conduct but made no financial gain
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NewsFaccenda profits hit by low prices and tough conditions
Combination of currency fluctuations, fierce competition in retail and oversupplied markets materially affected profitability, it says
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NewsPZ Cussons shares drop amid first half profits slump
Shares in beauty and personal care product supplier PZ Cussons have dropped 8.6% in morning trading after the Imperial Leather maker revealed a 38% drop in first half profits.
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NewsMedia Bites 24 January: Sainsbury's, Tesco, McDonald's
All the papers follow up on news that Sainsbury’s chairman David Tyler used the supermarket’s staff to do up his £1.5m country home; Tesco mounts ‘robust defence’ against more than 100 shareholders suing for loss of value; and McDonald’s sales fall in the fourth quarter.