Finance news – Page 513
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NewsMedia Bites 10 March: Sunday trading, Hotel Chocolat, BHS
Today’s papers devote plenty of coverage to the defeat to changes in Sunday trading laws
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NewsMorrisons’ underlying profit falls by 27%
Morrisons’ pre tax underlying profit fell by 27% to hit analysts’ expectations of £302m
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NewsCasino’s profits hit by Brazilian economic troubles
Group trading profit at French hypermarket chain dropped by 35% last year as a result of cost inflation in its Brazilian business.
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NewsHotel Chocolat float to value business at £150m
Hotel Chocolat is plotting the first major food and drink IPO on the London Stock Exchange for 15 months, expected to value the luxury chocolatier at about £150m and giving its two founders a shared £40m pay day.
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NewsNew mixed retail discounter GHM! to launch this summer
GHM! is the second retail venture from Andy Bond’s Pepkor UK
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NewsMedia Bites 9 March: Brexit, Tesco, Lindt
Bank of England governor Mark Carney’s warning that a vote to leave the EU would be the “biggest domestic threat” to financial stability has created plenty of headlines. Plus Tesco’s continued recovery amd Lindt’s global ambitions.
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NewsHotel Chocolat to join AIM in £50m flotation
Premium chocolatier is seeking £50m as it reveals plans to float on the LSE junior market
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NewsUS growth underpins sales surge at Divine Chocolate
Fairtrade confectionery manufacturer Divine Chocolate saw a 50%-plus boost to revenues last year as US growth helped make up for losing listings in UK supermarkets.
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NewsBrexit vote will have “momentous significance” for UK food, says FRC report
The authors argue that, if the country decided to leave, food imports will become more expensive
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NewsCo-op, Aldi and Lidl continue to make market share gains
Lidl’s sales grew by 18.9% and Aldi’s by 15.1% in the 12 weeks ending 28 February
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NewsR&R Ice Cream reports record sales of nearly €1bn in 2015
Reported revenues were up over 18% year-on-year to nearly €1bn…
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NewsTesco’s recovery continues, says Kantar
Kantar found supermarket sales were up by 0.5% compared with a year ago
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NewsMedia Bites 8 March: BHS, Online sales, Just Eat
The papers this morning focus again on troubled retail chain BHS and the revelation that it faces a pension deficit of £571m.
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NewsArla to close Essex milk processing plant
The co-op today wants to close Hatfield Peverel dairy by the end of July 2016
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NewsTesco appoints Tracey Clements as new MD for convenience operations
Clements joined Tesco in 2002 and has held positions as both Express store director and leader of the Express Central Team
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NewsUnited Biscuits factory "close to being fully operational"
Normal production of all lines will begin very soon, says the company
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NewsFarmers launch EU Stay campaign, warn Brexit 'too risky'
The Farmers for In campaign, fronted by AHDB chair Peter Kendall, was launched officially yesterday in a letter to The Sun
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NewsCity snapshot: Fastest rise in food spending for a year
Expenditure on food rose by almost 5% last month, despite spending on eating out continuing to increase
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NewsMedia Bites 7 March: BHS, BCC, Brexit, Yeo Valley
Sir Philip Green in talks with owners of BHS about possible contribution to struggling chain’s pension deficit
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NewsPoundland shares drop in wake of Jim McCarthy announcement
Everything looked so rosy a year ago when Poundland announced it was set to swoop for high street rival 99p Stores