Finance news – Page 487
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NewsVitalife in crowdfunding bid for Love Health Hate Waste
It plans to raise £100,000 on Crowdcube to fund a further rollout of the Love Health Hate Waste concept
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NewsCity News: Hotel Chocolat shares boosted by sales rise
A better-than-expected rise in full-year sales injected some life into Hotel Chocolat shares this week
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NewsMedia Bites 15 July: Bayer/Monsanto, Hershey/Mondelez, Steinhoff/Poundland
The papers feature stories on three different takeover sagas, all at different stages with their own hurdles to clear.
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NewsMcColl's set to buy 298 stores from the Co-op
McColl’s Retail Group has agreed to buy 298 stores from the Co-op in a “transformational” £117m deal
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NewsCity snapshot: Steinhoff £600m Poundland bid faces pressure from activist fund manager
Steinhoff’s £600m takeover bid for Poundland has been complicated by an activist hedge fund building up a sizable stake in the beleaguered fixed-priced discounter.
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NewsMindful Chef launches £400k funding campaign
Recipe box start-up Mindful Chef is seeking £400,000 in a crowdfunding campaign to raise the profile of the business.
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NewsAndrea Leadsom becomes Defra secretary in May’s new government
Leadsom replaces Liz Truss, who has been promoted to the role of justice secretary
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NewsFirst quarter like-for-like sales flat at B&M Bargains
B&M European Value Retail, owner of B&M Bargains, has reported flat UK like-for-like sales in its first quarter trading update this morning
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NewsMedia Bites 14 July: Poundland, Co-op/McColls, Amazon
The agreement of Poundland’s £597m to South Africa’s Steinhoff Group is heavily covered in the papers this morning.
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NewsCo-op sells 298 smaller stores to McColl's for £117m
The deal is now subject to approval from the CMA and McColl’s shareholders
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NewsSteinhoff's Poundland deal could mean "more rapid" move to multi-price
Poundland’s near-£600m sale to South Africa’s Steinhoff Group could hasten its shift to becoming a multi-price format retailer, industry analysts predict.
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NewsOcado links with Marie Claire for beauty product deliveries
The online retailer will deliver high-end brands such as Bobbi Brown with food shops
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NewsRaisio sells Halo Foods for a loss to 'hands-on' investor
Raisio Group has sold its UK snack bar business Halo Foods to Dutch investor Nimbus, taking a €19m (£15.9m) hit on the disposal.
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NewsMedia Bites 13 July: M&S, SABMiller, Hotel Chocolat
Marks & Spencer is offering small investors a direct line to the boardroom with the creation of a shareholder panel to scrutinise performance.
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NewsPoundland agrees £597m sale to Steinhoff
The board of Poundland has agreed to a 222p per share sale to South African retail group
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NewsBanham Poultry slips to loss as chicken fillets hit by grocery price war
Fast 50 new entry Banham Poultry tumbled to a pre-tax loss last year after pressure to reduce prices amid rising wage costs hit profits.
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NewsSpar retailer Eat 17 snaps up My Local site
The new store in Whitstable will open on Wednesday 20 July – just three weeks after My Local went into administration
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NewsIceland opens its first dark store
Retailer claims “very strong growth” for its online shopping service
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NewsFull-year sales up 12% at Hotel Chocolat
Hotel Chocolat has announced a “slightly ahead” of market expectations 12% rise in sales for the 52 weeks to 26 June
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NewsMedia Bites 12 July: Aldi/Lidl, Brexit, Sugar tax, Retail sales
Aldi and Lidl face threat from weak pound, writes The Financial Times.