Finance news – Page 485
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NewsPoor weather drives the worst supermarket sales figures for two years
During the four weeks ending 16 July 2016, the value of sales was down 2.4%
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NewsMedia Bites 26 July: BHS/Sir Philip Green, Hammerson, LVMH
Libel lawyers acting for Sir Philip Green have demanded an apology after MP Frank Field likened the retail tycoon’s conduct to that of Robert Maxwell,
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NewsFine Food adds to portfolio with Clarks and Wild Tastes acquisitions
Clarks Speciality Foods and Wild Tastes both supply premium, specialist products to the foodservice sector and speciality retailers across Scotland.
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NewsAhold Delhaize starts trading as €9.8bn merger goes live
The €9.8bn merger of Ahold and Delhaize received clearance from US regulators over the weekend.
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NewsSainsbury's Argos deal leaves it vulnerable to Brexit fallout
Sainsbury’s share price has fallen by 7.4% in the month following the UK’s vote to leave the EU
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NewsStrong volume growth drives Cranswick's first quarter sales up 11%
Higher volumes and the contribution of acquisitions helped Cranswick’s sales rise 11% in the first quarter to 30 June 2016.
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NewsGreencore buys The Sandwich Factory from Cranswick
Deal is valued at up to £15m and will be funded from existing debt facilities
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NewsMedia Bites 25 July: AB InBev/SABMiller, BHS, Diageo
AB InBev’s takeover of SABMiller is “on a knife edge”, writes The Times (£) after activist investors push to amend the terms of the deal.
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NewsJames Hall snaps up North East Convenience Stores
Spar wholesaler has bought the 30-store estate for an undisclosed sum
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NewsPremier Foods share price shows continued steady improvement
Amid all the market chaos Brexit unleashed, Premier Foods has stealthily been gaining ground
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NewsUK remains very attractive market despite Brexit, says Steinhoff
Steinhoff bosses are confident Poundland will thrive on the British high street regardless of Brexit
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NewsIs Britain falling out of love with Heinz Beanz?
Shoppers are turning their backs on Heinz’s iconic beans and soups, hitting the brand’s UK sales and profits
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NewsCMA green lights Sainsbury's takeover of Home Retail
The UK’s Competition and Markets Authority has given the green light to Sainsbury’s acquisition of Home Retail Group and its Argos retail network.
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NewsCity snapshot: Lindt outperforms market in first half
Sales at Lindt increased 6.6% to CHF1.5bn in the first half despite price pressures on cocoa costs
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NewsMedia Bites 22 July: SABMiller, Unilever, Sainsbury's, Poundland
Activist hedge fund Elliott Management has raised concerns about the structure of its proposed £71bn takeover of SABMiller by AB InBev. The brewer’s chairman defended the takeover to shareholders at yesterday’s AGM.
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NewsPremier Foods shareholders protest re-election of chairman over McCormick affair
Premier Foods shareholders have given chairman David Beever a rebuke at the AGM over his handling of the failed McCormick takeover with more than 12% objecting to his re-election to the board.
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NewsNew BRC chair Richard Baker calls for end to Brexit self-pity
Retailers must stop feeling sorry for themselves over Brexit and accept the public want change, new BRC chairman argues
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NewsOrganic sales back to pre-2008 levels as sales near £2bn
A third consecutive year of growth is set to push organic food past sales levels last seen before the 2008 financial crisis
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NewsSouthern Co-operative buys six My Locals
Southern Co-operative said it was maintaining as many of the c-stores’ existing special offers as possible
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NewsNFU fake farms complaint 'unlikely to lead to prosecution'
NFU’s complaint to Trading Standards over ‘fake’ farm branding “unlikely” to lead to any prosecutions say legal experts