Finance news – Page 456
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NewsMedia Bites 16 December: Tesco, Heineken, Nestle, Rivington Biscuits, Just Eat
The Serious Fraud Office has told Tesco former group commercial director Kevin Grace that he will not face charges in its probe over a £326m hole in the UK retailer’s accounts. Plus, Heineken strikes a £400m deal for pub group Punch Taverns and Nestlé loses its EU trademark battle.
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NewsCity snapshot: Leadsom in China rallying cry to UK food and drink suppliers
UK food and drinks suppliers should be doing more to trade with China as the UK gets set to begin the process of exiting the EU, Defra secretary has told an export forum this week.
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NewsSimple Simon pulled out of administration by DDC
The owner of Simple Simon Foods has reacquired the business out of administration
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NewsRoz Cuschieri made chairman of snack startup Emily Crisps
Her appointment follows last month’s sale by the brand of a ‘significant’ minority stake
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NewsJames Quincey to step up into Coca-Cola CEO role
The Cola-Cola Company has announced Brit James Quincey will be its new CEO…
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NewsGerry Murphy to succeed Peter Gershon as Tate & Lyle chairman
New chair has racked up nearly 40 years of experience in firms including Kingfisher and Diageo
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News2 Sisters prepares for tough 2017 as inflation takes hold
CEO Ranjit Singh warns of post-Brexit uncertainty as group reports strong set of Q1 figures
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NewsPink Panther wafer supplier Rivington Biscuits fails as Brexit bites
The own-label biscuit supplier behind the Pink Panther branded wafers has collapsed, with the loss of 99 jobs
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NewsCity snapshot: PZ Cussons remains confident despite Nigerian currency woes
PZ Cussons says its first half is in line with expectations despite a 40% currency devaluation in its key Nigerian market
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NewsMedia Bites 15 Dec: Heineken, Argos, Amazon
The news that Dutch brewing giant Heineken could drastically increase its presence in the UK pub sector by buying up Punch Taverns is heavily covered in this morning’s papers.
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NewsOwn-label pizza supplier Stateside reports year of growth
Own-label pizza specialist Stateside Foods has grown full-year sales and profits as cost controls and easing commodity prices boosted its performance.
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NewsTasties of Chester owner PK Food Concepts invests in growth
Losses have widened at foodservice supplier PK Food Concepts despite a healthy jump in revenues as investment in future growth and start-up costs in new operations dragged on the bottom line.
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NewsMedia Bites 14 December: Inflation, Kantar, Asahi, M&S, Argos
Inflation in the UK economy is in focus in this morning’s papers as figures from the ONS and Kantar Worldpanel show higher prices are on the way. Plus, Asahi tightens grip on European beer market and M&S chairman Robert Swannell retires.
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NewsCity snapshot: US food & drink businesses weigh up UK future
Almost 45% of US food and drink firms with a base in the UK are considering moving elsewhere in the EU as a result of Brexit, according to a report by Gowling WLG.
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NewsTollblend added to Lesaffre mix
Baking mix supplier LFL Tollblend has been acquired by French multinational yeast producer Lesaffre for an undisclosed sum.
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NewsDCS Group hits 'personal target' of £200m in sales
DCS set the £200m target eight years ago when it reached the £100m mark
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NewsAsahi wins auction for AB InBev's Eastern European beer stable
Asahi is set to add Pilsner Urquell to its stable of European beer brands after reaching an agreement to buy the AB InBev Eastern European brewing businesses previously owned by SABMiller.
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NewsJersey Costcutter-SandpiperCI merger rejected in first review
Regulator wants to “understand thoroughly” the impact on local people
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NewsUltimate Products appoints former Poundland boss Jim McCarthy as chairman
Former Poundland CEO Jim McCarthy has been appointed by Ultimate Products as chairman to help lead the consumer products group through a £100m IPO.
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NewsMedia Bites 13 December: C-stores, Asahi, Ultimate Products
Britain’s corner shops have contributed towards a record £299m investment in improvements in c-stores over the past three months.