Finance news – Page 496
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NewsSainsbury’s CEO Mike Coupe bags bumper bonus
Sainsbury’s boss Mike Coupe’s pay packet has increased 65% to £2.8m in his first full year as CEO thanks to an annual bonus of almost £800k despite profits at the supermarket slumping 14% last year.
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NewsGiles Brook backs Dalston's revamp as it scales up
Dalston’s has also brought in Cawston Press sales director Dan Broughton as MD
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NewsMedia Bites 3 June: BHS, PureCircle
As a quiet week for grocery and retail draws to a close, BHS is inevitability in the spotlight this morning after finally collapsing yesterday.
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NewsCity snapshot: Dalston Cola attracts investment from Giles Brook
Serial entrepreneur Giles Brook has backed premium soft drinks brand Dalston Cola to help the business scale up
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NewsSainsbury's shares suffer on news of 1.2% sales decline
The supermarket’s 1.2% sales decline over the 12 weeks to 22 May caused its shares to plunge by 4.3% to 256.9p
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NewsTiptree reports record turnover, but profits hit by factory costs
The record turnover of £40.6m in 2015 was driven by growth in the catering and ingredients channels
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NewsBHS to liquidate after search for a buyer fails
BHS is to shutter its 163 stores at the potential cost of 11,000 jobs after administrators failed to find a buyer for the troubled retail chain.
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NewsOliver Morton to join Kellogg's as UK sales director
Morton will come from his role as sales director for Wrigley UK
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NewsPureCircle Stevia shipments blocked by US customs over human rights allegations
PureCircle calls these allegations “inaccurate” and it “is making every effort to resolve the situation”
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NewsMedia Bites 2 June: Kantar Worldpanel, Sainsbury's, BHS
The papers this morning focus on the bad news for Sainsbury’s in the latest Kantar Worldpanal market share figures
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NewsHain Celestial to sell fruit juice business to appease CMA
Hain Celestial has offered to sell its UK own-label freshly squeezed fruit juice business to ease competition fears surrounding the acquisition of Orchard House Foods.
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NewsSpar International appoint Graham O'Connor as president
O’Connor succeeds Spar Ireland chairman Leo Crawford who has held the role since 2005
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NewsBridgepoint acquires Turkish dried fruit and snacks supplier Peyman
UK-based private equity house Bridgepoint has acquired Turkish packaged dried fruit, nuts and seeds producer Peyman for an undisclosed sum.
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NewsMedia Bites 1 June: Co-op, AB InBev, Home Retail Group
After a quiet start to the short week in the world of grocery retail, there is not a great deal in this morning’s papers, but news that the Co-op is selling off the final remains of its crematorium business in a £43m deal to listed funeral firm Dignity gains coverage.
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NewsTesco stabilises but conditions still tough for big four
All of the big four supermarkets have suffered sales losses in the 12 weeks to 22 May despite managing to retain shopper numbers
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NewsMorrisons announces £200m bond buyback plan
Morrisons has announced it intends to buy back £200m of corporate bonds to reduce its outstanding debt.
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NewsR&R Ice Cream’s first quarter sales drop 1.3%
Sales at R&R Ice Cream fell by 1.3% in the three months to 31 March 2016 due to exiting unprofitable contracts in its German business and tough trading conditions in the UK.
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NewsHaughton Honey targets mults with crowdfunding cash
Premium honey brand Haughton Honey has beaten its £80,000 crowdfunding target after attracting a swarm of more than 200 investors.
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NewsFairway Foodservice passes £600m sales with 13% growth
Buying group is made up of 13 wholesale members
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NewsNestlé to pay up to €100m to sell child milk allergy test
Nestlé will pay €10m upfront to help fund the development of the patch test