Finance news – Page 506
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NewsHIG shakes up Adelie management amid trading slowdown
Martin Johnson took over as CEO from Gavin Cox in February following a planned management restructure by the board
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NewsFreshpak Chilled Foods sold to a new private equity owner
US investment firm Sun Capital Partners has completed the deal after it looked to have been beaten to the punch
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NewsMedia Bites 15 April: Unilever, Poundland, AB InBev, Mars
Unilever warns of fragile growth across emerging and developed markets; Poundland moves to reassures investors as sales slide; AB InBev strikes jobs agreement with South African government to ease through SABMiller takeover; and Mars introduces new labels for its brands.
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NewsCity snapshot: Adelie changes at the top as Freshpak concludes sale
The Grocer has two exclusive stories this morning on Adelie and Freshpak
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NewsWilliam Jackson Food Group buys health brand The Food Doctor
Aunt Bessie’s owner William Jackson Food Group has moved into healthy snacking with the purchase of The Food Doctor for an undisclosed sum.
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NewsPoundland shares struggle as sales slowdown
Poundland shares have been hit today as the fixed-price retailer revealed poor trading in the final quarter of the year with the business struggling to integrate the 250 stores acquired from 99p Stores.
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NewsBonds of London bought by US foods supplier Innovative Bites
Confectionery maker Bonds of London has been bought by wholesaler of US food Innovative Bites.
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NewsMike Taylor replaces Phil Greenhalgh as UK MD at Mondelez
Northern Europe commercial director Taylor joined Mondelez in 2013
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NewsCity Snapshot: Unilever’s first quarter revenues fall
Including city news on Nestle, Poundland, PZ Cussons and Stock Spirits, plus Tesco reaction
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NewsMedia Bites 14 April: Tesco, Premier Foods, WH Smith
There’s mixed coverage on Tesco’s return to annual profit this morning and the Premier Food is criticised as McCormick walks away.
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NewsWH Smith reports high street recovery
WH Smith has announced its best performance on the high street for “many years” as pre-tax profits in the first half to 29 February 2016 jumped 11% to £80m
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NewsSainsbury's-Home Retail deal 'unlikely' to trouble CMA
CMA decision may rest on level of consumer complaints
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NewsTesco returns to the black: what the analysts say
Our round-up of how the City has reacted to today’s Tesco results
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NewsPremier Foods shares crash as McCormick walks away
US food group McCormick has walked away from its pursuit of Premier Foods after examining the Mr Kipling and Bisto maker’s books
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NewsTesco returns to profit with rise in quarterly UK sales
Tesco profits rise to £1.1bn and final quarter sales climb as recovery at supermarket gathers pace
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NewsMedia Bites 13 April: Co-op, Tesco, Costa, Reckitt Benckiser
The Co-operative was weighing up the sale of 300 stores to focus on convenience; Tesco sells stake in Lazada to Alibaba; the head of Costa Coffee resigns; and Nurofen’s maker Reckitt Benckiser should be fined $6m says Australian court.
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NewsTower Bakery wins Lidl contract
Independent Scottish bakery Tower Bakery has agreed a distribution deal with Lidl after bagging six-figure bank funding.
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NewsTesco continues non-core sell-off with Lazada sale
The retailer has agreed to sell an 8.6% stake in the e-commerce group to Alibaba for $129m
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NewsSpar International reports profit hike as Europe recovers
Spar UK increased store numbers to over 2,600, with turnover up 2% to £2.6bn
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NewsMedia Bites 12 April: Tesco, Cranswick, Pets At Home, M&S
Ahead of the annual results tomorrow, the papers report on news that Tesco is looking to offload its lossmaking Dobbies garden centre chain.