Finance news – Page 507
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NewsCity snapshot: Tesco sells Lazada stake for $129m
Tesco has continued the sell-off of its non-core operations with the agreement to offload an 8.6% stake in South East Asian e-commerce group Lazada to Chinese retail giant Alibaba
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NewsPrice war behind rocketing food producer insolvency levels
The figures have prompted calls for stronger action from the Groceries Code Adjudicator to protect suppliers
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NewsBidvest Fresh bolsters butchery offer with Knight Meats deal
Knight Meats will remain under the current management team
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NewsBrewDog profits slip as it invests in boosting capacity
The fastest-growing company in The Grocer’s Fast 50 reported another year of stellar growth, with revenues rising 51%
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NewsCity snapshot: Cranswick buys Crown Chicken for £40m
Cranswick has announced it has bought poultry producer Crown Chicken for £40m
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NewsMedia Bites 11 April: Tesco, Iceland, BrewDog
Tesco is expected to unveil a return to full-year profits and the first quarter of UK sales growth in three years on Wednesday.
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NewsBrothers buys bottling line at C&C's Shepton Mallet site
The Somerset business is also weighing up options for purchasing more of the production mill being closed by C&C
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NewsDavid Wood resurgent after factories revamp
The own-label bakery has grown rapidly from a standing start in 2008, breaking into the latest Grocer Fast 50 at number 2
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NewsReckitt Benckiser faces investor backlash over Kapoor pay
Rakesh Kapoor’s pay award rose from £12.8m in 2014 to £23.2m in 2015
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NewsM&S growth is flat but update 'better than feared'
M&S shares jumped 3.8% to 436.2p on Thursday morning – touching the highest level since early January
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NewsMedia Bites 8 April: The Co-op, M&S, Sainsbury's
There is tonnes of coverage for the Co-op’s annual results and new M&S CEO Steve Rowe’s first quarterly update to the City, with news of Sainsbury’s dumping brand match also getting a look in.
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NewsCity snapshot: ABF buys remaining Illovo stake for £262m
The agreed offer price per share for the 48.65% stake is rand 25 representing a total consideration of rand 5.6bn
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NewsRising cost of coconut oil drives up palm oil prices
Prices for palm kernel oil have continued to rise, due in part to the increasing cost of coconut oil
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NewsInnis & Gunn buys fellow brewer to accelerate expansion
Scottish brewer Innis & Gunn has bolstered growth with the acquisition of The Inveralmond Brewery, shelving plans to build a brewery as a result.
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News'Some stores will close' as NLW comes into force
Half of independent retailers are worried they won’t be able to afford the new national living wage
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NewsThe Co-op pledges continued investment in quality as price cuts set to hit £200m in 2016
Group CEO Richard Pennycook has also volunteered to take a 60% pay cut
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NewsMedia Bites 7 April: Sainsbury's, Waitrose, Reckitt Benckiser
Sainsbury’s is reportedly ditching its Brand Match promotion later this month as it prepares to cut more prices on everyday products.
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NewsCo-op’s full year food like for like sales up by 1.6%
The Co-op said its core convenience business grew ahead of the market after investment in price and products
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NewsReal Handful to hit the trail to support brand
Trail mix snack maker Real Handful has secured £80,000 in equity funding through a business angels network to support its growth plans.
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NewsSSP wins seven-year £90m contract at Düsseldorf Airport
Deal will bring the first Jamie Oliver restaurants to the German market