Finance news – Page 509
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NewsCity snapshot: Fourth quarter like for likes down 2.5% at Booker
Tobacco sales continued to be adversely impacted by the ban on small store display
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NewsTesco to close Nutricentre health food business
The retailer has started redundancy consultations with 137 staff
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NewsMedia Bites 31 March: Premier Foods, Metro, Aldi
Premier Foods agrees to engage with US bidder McCormick despite knocking back its latest 65p per share offer.
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NewsFever-Tree founders £18m payday from share sale
Executive deputy chairman Charles Rolls sold 1.9 million of his shares at 635p each
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NewsMetro announces demerger plan to spin-off food business
German retail giant Metro Group has announced a de-merger plan to create two distinct companies and separate its food and consumer electronics businesses.
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NewsPremier Foods rebuffs latest McCormick offer but agrees to open talks
Premier Foods (PFD) has said McCormick’s latest 65p per share takeover proposal “continues to undervalue” the firm, but has agreed to engage with the US food group over its bid.
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NewsNissin ups its Premier Foods stake as McCormick increases offer
The new share purchase means Nissin has now spent £103.4m buying up Premier Foods shares
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NewsMedia Bites 30 March: Premier Foods, McCormick, AG Barr
The takeover tussle between Premier Foods and McCormick was still firmly in the spotlight in this morning’s paper ahead of the new revised offer of 65p a share. Plus Irn-Bru owner AG Barr’s results come under focus.
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NewsMcCormick tables higher Premier Foods £537m bid
McCormick increases the pressure on the board of Premier Foods with new cash bid
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NewsHovis retains Premier Foods’ “support and confidence” despite write-down
Premier says it intends to retain its 49% stake in the venture
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NewsAG Barr shrugs off sugar tax worries
Shares in the group are down 5% since George Osborne revealed sugary drinks would be face a levy
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NewsRefresco Gerber swallows DIS in €72m deal
Refresco Gerber has agreed a €72m deal to snap up 100% of shares in Dutch beverage manufacturer DIS.
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NewsMedia Bites 29 March: Premier Foods, BHS, Co-op, Tesco
The events at Premier Foods were in focus over the Easter weekend, along with the ongoing problems at BHS and Co-op’s victory in the unfair dismissal case.
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NewsCity snapshot: AG Barr to focus efforts on sugar reduction as profits grow
The share price has slipped 0.4% since the markets opened this morning to 517.2p
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NewsStandard Life Investments hits out at timing of Nissin’s Premier Foods share deal
Standard Life Investments called on the Mr Kipling maker to engage with prospective bidder McCormick
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NewsMcCormick “disappointed” by Premier Foods' board but moots higher bid
US food giant McCormick has released a statement criticising the Premier Foods board for denying shareholders the “opportunity to consider McCormick’s highly attractive cash offer”.
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NewsBHS wins last minute reprieve as creditors agree rescue package
The CVA will see 87 of the 164 stores pay reduced rent
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NewsBrexit 'brings tariff and labour cost risks'
Two new economic studies this week have warned that suppliers and retailers would be particularly exposed in the event of Brexit
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NewsSainsbury's shares rise on good news for Home Retail bid
Steinhoff’s withdrawal from the bidding for Home Retail left Sainsbury’s as the race winner
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NewsNissin agrees to buy 17.3% of Premier Foods
Japanese Food Group Nissin strengthens Premier Foods partnership with share purchase agreement