Finance news – Page 497
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NewsMedia Bites 31 May: Sainsbury's, Tesco, BHS
The weekend’s major news in terms of the grocers was the UK Competition and Markets Authority announcing it is considering launching an investigation into the £12.4bn takeover of Home Retail Group by Sainsbury’s.
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NewsSugro set to top £1bn in sales as turnover rises 10%
MD Philip Jenkins said growth was due to member recruitment and creative marketing
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NewsRowe's comments send shockwaves through the City
Steve Rowe’s ascension to the Marks & Spencer hotseat was widely welcomed, but his first set of annual results at the helm of the high street stalwart sent shockwaves through the City.
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NewsFerrero UK losses escalate to £16m as it targets choc top spot
Chocolatier Ferrero has suffered an escalation in UK losses after investing heavily in its quest to grow sales
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NewsCity snapshot: Profits plummet at smoothie maker Innocent
Profits have plummeted at smoothie maker Innocent Drinks as its exit from food products hit trading
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NewsMedia Bites 27 May: B&M Bargains, Tate & Lyle, BHS
“Bargain retailer B&M delivers premium results”, write The Times (£) this morning after the B&M Bargains owner saw sales top £2bn last year.
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NewsInnocent growth plan pushes it into the red
Profits have plummeted at smoothie maker Innocent Drinks for the second year in a row
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NewsUK store openings drive B&M's revenues above £2bn
B&M Bargains owner B&M European Retail saw revenues top £2bn in the year to 26 March 2016, driven by new store openings.
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NewsM&S marks four millionth customer for Sparks loyalty scheme
Retailer planning more personalised offers to customers through the card while reducing price promotions
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NewsCity snapshot: Earnings up 5% at Tate & Lyle after year of restructuring
Group sales of £2.4bn were 1% higher than the prior year
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NewsMedia Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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NewsIndustry reaches sustainability agreement on Arctic cod
The agreement follows concerns raised by Greenpeace over fishing in previously untouched areas of the Norwegian Arctic
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NewsBritish strawberries set for a record year, say growers
Crop set to hit 74,000 tonnes this season as it benefits from better availability
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NewsAB InBev/SAB Miller mega merger cleared by European Commission
Clearance is conditional on AB selling off practically all of SAB’s European beer business
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NewsCity Snapshot: M&S profits drop 19.5% as it steps up convenience roll-out
M&S saw profit before tax drop 19.5% to £483.3m on revenues up 0.8% to £10.4bn
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NewsMedia Bites 25 May: BHS, High Street Sales, Cranswick
The fallout from the BHS administration saga continues to dominate retail headlines this morning.
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NewsHenkell buys remaining 40% shares in Copestick Murray
Henkell & Co has snapped the remaining 40% of UK-based wine distributer Copestick Murray that it does not already own.
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NewsC&C Group signs China distribution deal for Tennent’s
Beer and cider producer C&C Group continues to ramp up its growth in Asia with the announcement of its fourth distribution partnership in the area.
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NewsCoca-Cola Enterprises shareholders back European merger
Shareholders in Coca-Cola Enterprises have backed the deal to create a new European bottling giant by merging CCE with Coke bottling operations in Spain and Germany.
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NewsRichard Baker joins Motor Fuel Group as retail director
Baker spent 37 years with Tesco since joining in 1978 as a part-time student