Finance news – Page 515
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NewsBen Stimson to take over as Waitrose retail director
Stimson replaces Rob Collins, who becomes managing director on 4 April, taking over from Mark Price
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NewsPoundworld founder to leave company after more than 40 years
Former Tesco UK board member and COO Gerry Gray takes over as CEO from 7 March
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NewsFood and soft drinks prices fell 2.6% in January says Asda
UK families’ spending power continues to climb but rate of growth slows for fourth consecutive month
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NewsMedia Bites 1 March: Amazon, Morrisons, Ocado
It’s no surprise that the tie-up between Amazon and Morrisons gets blanket coverage in this morning’s papers.
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NewsGreggs to cut 355 jobs as part of £100m investment
The cuts come as the chain posts a second consecutive year of record profits and a 5.2% hike in total sales to £835.7m
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NewsCarrefour buys 36 Spanish hypermarkets from Eroski
Carrefour has extended its footprint in Spain after today announcing the purchase of 36 compact hypermarkets from the Eroski Group.
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NewsBrakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
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NewsBetter Food issues bonds to raise £350k for expansion
Organic food retailer Better Food launches five-year bond to raise the cash in return for 7% fixed annual interest and a 10% store discount card.
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NewsAndy Murray serves up cash for Oppo in crowdfunding investment
Tennis world number two Andy Murray has joined with the crowd for a second time to invest in another fmcg business.
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NewsMackie’s to reinvest in expansion
Luxury ice cream brand Mackie’s of Scotland is continuing to invest in growth after increasing sales and profits
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NewsAmazon teams up with Morrisons: what the analysts say
Leading City analysts react to news of Morrisons and Amazon’s wholesale supply deal
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NewsMedia Bites 29 Feb: Poundstretcher, PZ Cussons, Sainsbury's, Oppo, Poundworld
Procter & Gamble has filed a High Court action against Poundstretcher accusing the discounter of selling counterfeit Head & Shoulders shampoo and Ariel laundry powder.
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NewsCity snapshot: Morrisons shares soar on Amazon supply deal
The tie-up sent Morrisons shares soaring this morning but was bad news for Ocado, Tesco and Sainsbury’s investors.
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NewsFDF seeks member mandate to run Brexit 'no' campaign
A crunch meeting of the UK’s biggest suppliers on Monday will decide if the Food & Drink Federation has a mandate to campaign against Brexit
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NewsBrakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan
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NewsDanone shares rise as it predicts a positive 2016
The group, which has made significant changes in the past 18 months, predicted sales growth would slow slightly next year
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NewsTesco staff modelling exercise predicts loss of 39,000 jobs
Tesco is considering drastic reductions to its staffing levels
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NewsBird flu bans set to hike price of poultry
Global chicken prices went into freefall at the end of last year
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NewsCity snapshot: UK consumer confidence plunges in February
GFK finds consumer confidence has dropped markedly year on year
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NewsMedia Bites 26 Feb: British American Tobacco, Diageo, AB InBev
British American Tobacco has appointed a leading City law firm to investigate bribery allegations