Finance news – Page 475
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NewsCity News: McBride emerges from bruising price war
The City was given renewed optimism about own-label household goods maker McBride this week…
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NewsMedia Bites 12 September: Tesco, Morrisons, Poundland, Greggs
Tesco comes under the media spotlight after the Serious Fraud Office charged three former executives over the accounting scandal at the supermarket.
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NewsCity snapshot: ABF results boosted by post-Brexit sterling slump
Associated British Foods has highlighted better-than-expected trading in the past year as sterling weakened following the Brexit vote.
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NewsBush, Scouler and Rogberg charged in Tesco fraud investigation
The Serious Fraud Office has announced it is charging the three former Tesco executives
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NewsNoble hatches plan to turn around declining sales and profits
Newly filed accounts in Companies House for Noble Foods show sales dropped 22.2% in the year to 30 September 2015
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NewsRed Bull UK & Ireland sales hit as marketing spend falls
Red Bull put this “mixed” performance down to the “highly competitive” UK marketplace
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NewsTim Mason steps up to become Eagle Eye CEO
Grocery tech group Eagle Eye Solutions has appointed the former deputy CEO of Tesco as its new chief executive as part of a raft of board changes
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NewsGreene King nets growth during Euro 2016
Brewer and pub group Greene King has also appointed former Tesco Ireland boss Gordon Fryett as a non-executive director.
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NewsMedia Bites 9 September: Sainsbury's, Fyffes, high street
Qatar Investment Authority’s stake in Sainsbury’s biggest investors has been diluted by 3% to 22% after it declined to invest more money in new shares to fund the grocer’s purchase of Home Retail Group.
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NewsCity snapshot: Food prices yet to rise in Brexit aftermath
Food price inflation expected in the wake of the UK’s decision to leave the EU has yet to filter through to the supermarket shelves, according to the latest Grocer Price Index
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NewsMcVitie's loses £38m from UK biscuit cuts but profit rises
Revenues at United Biscuits UK, which now falls under the Pladis group, declined amid falling supermarket prices
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NewsFood & drink does best in crowdfunding says Seedrs report
Crowdfunding platform Seedrs has published its first-ever ‘portfolio update’
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NewsSian Land made chief financial officer at Moy Park
She was previously group finance director at International Procurement & Logistics
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NewsFyffes doubles down on Canadian mushrooms
Fyffes has bought a second Canadian mushroom business with the €41m acquisition of All Seasons Mushrooms this morning
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NewsMedia Bites 8 Sep: Poundland, Asda, Amazon
Secretive hedge fund Elliott Advisors has waved through a £610m takeover of Poundland after months of speculation it might block the deal.
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NewsPoundland shareholders approve £610m Steinhoff takeover
Poundland shareholders have overwhelmingly backed the £610m takeover bid from South Africa’s Steinhoff Group despite fears activist investor Elliott Capital could derail the deal
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NewsAsda grows profits 3.3% at expense of sales
Asda has continued to outperform its peers in terms of profits but the protection of the bottom line saw sales plunge by almost £1bn in 2015.
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NewsBooths appoints Matt Rothwell from Sainsbury's as new FD
Rothwell was head of food commercial finance at Sainsbury’s until June
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NewsMedia Bites 7 September: Tesco, Bayer/Monsanto, Pret A Manger
Tesco has the worst corporate governance of all the FTSE 100 firms, according to the Institute of Directors. Plus, the potential Bayer/Monsanto merger has sparked fears of reduced choice for farmers.
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NewsMcBride profits increase as new strategy pays off
Household goods manufacturer McBride has improved profits thanks to its new five-year plan but sales have declined more than £23m.