Finance news – Page 487
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NewsWestons Cider doubles bottling capacity with £1.5m funding package
Westons Cider has invested in new bottling technology to double its production capacity after securing a £1.5m bank funding package.
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NewsBooths heads south with listing on AmazonFresh
Hundreds of products will be available on Amazon’s online grocery site, which services 302 Southern postcodes
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NewsOnline grocery market set to grow over 50% by 2022, predicts IGD
The rise of omnichannel shoppers is due to take sector’s value from £10bn to £16bn…
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NewsDiscounters driving growth at out-of-town shopping centres
New research by Savills shows a boom in the location of discounters and other value stores at out-of-town locations….
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NewsCity snapshot: P&G denies activist investor Trian a board seat in proxy battle
Procter & Gamble looks to have successfully fended off the attempt by activist investor Nelson Peltz to win a seat on the consumer giant’s board after one of the biggest ever proxy battles witnessed in the US
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NewsMedia Bites 11 October: Nisa/Co-op, Bakkavor, Tesco, P&G, HelloFresh
Nisa recommends £143m Co-op takeover to members; Bakkavor unveils plans to float in London; the Tesco trial continues; and P&G fends off activisit investor.
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NewsTesco shakes up commercial team with changes to buying
The retailer says it wants to create greater strategic and longer-term deals with fresh food suppliers
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NewsDiageo to resurrect 'lost' single malt distilleries with £35m cash injection
The spirits giant is poised to reopen distilleries in Brora, Sutherland, and Port Ellen, Islay…
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NewsDavid Stead joins Majestic Wine as non-executive director
The former CFO of home furnishings retailer Dunelm and finance director at Boots will take up the role next month
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NewsCo-op’s £143m bid for Nisa to be put to the vote by members
It’s up to members now to decide as Nisa recommends Co-op’s offer
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NewsCity snapshot: Bakkavor kicks-off £100m London float
The UK’s biggest ready meals supplier Bakkavor has announced its intention to raise £100m by floating a portion of its shares on the London Stock Exchange. Plus, higher food prices drive up September retail sales according to BRC/KPMG, Marton’s updates the market on full-year performance and all the rest of the latest news from the City
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NewsMedia Bites 10 October: Retail sales, Diageo, Amazon
The chances of the first rise in interest rates in more than a decade have grown after Britons shrugged off economic uncertainty to hit the high street in September, writes The Times.
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NewsMorrisons liable for data breach say staff in High Court action
Employees are seeking to prove that Morrisons was liable for the huge data breach in 2014 by Andrew Skelton
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NewsBarfoots sales up 18.8% but Brexit hits bottom line
Fast-growing vegetable producer and importer Barfoots of Botley saw sales rise a further 18.8% last year, but profits were hit by Brexit-related cost rises and the weak pound.
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NewsDX Group shores up cash position with 'critical' £24m loan
Gatemore Capital Management, which owns 23.8% of shares in the company, has loaned the company £11.05m
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NewsAldi reveals plans for massive Bedford distribution centre
The proposed new 950,000 sq ft facility will become the discounter’s 12th in the UK and support 400 jobs…
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NewsBRC warns over Brexit impact to retail employees
Consumers will “pay the price” unless the UK “provides certainty” for people from the EU working in retail in the UK and agrees an immigrations system “fit for future”, according to the British Retail Consortium.
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NewsMedia Bites 9 October: Fox's Biscuits/Burton's, 2 Sisters, Bread Holdings, P&G
The poultry tycoon whose business has been hit by allegations of food safety breaches is in talks about a merger of Fox’s Biscuits and the owner of rival brand Jammie Dodgers, according to Sky News.
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NewsClarence Court duck egg supplier expands production
A Devon duck and quail egg producer that supplies the Clarence Court brand has secured a six-figure bank funding package to expand its output.
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NewsIrish fuel retailer Maxol reports annual pre-tax profits up 0.5%
The firm opened its largest ever development in Tannaghmore, County Antrim