Finance news – Page 517
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NewsMedia Bites 22 Feb: Sainsbury's, Argos, Steinhoff, Brexit
A date has finally been set for the EU referendum, but the story dominating the business pages this weekend was the last-minute bid for Argos from furniture retailer Steinhoff.
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NewsCity snapshot: Sainsbury’s Argos bid under pressure from rival Steinhoff offer
South African furniture retailer Steinhoff table a surprise 175p bid for Argos owner Home Retail Group
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NewsAsda to 'move fast' on biggest-ever range overhaul
The supermarket announces Q4 like-for-likes down 5.8% and yearly sales down 4.7%
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NewsNational living wage 'will hike prices and hasten automation'
More than a quarter of food and drink manufacturers will be forced to increase prices by NLW says BDO
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NewsCity snapshot: Coca-Cola HBC beats earnings expectations on margin expansion
Coca-Cola HBC shares on the up as it beats expectations, plus The Grocer has stories on Kraft Heinz and Propercorn and Tesco bid rumour drives Morrisons share price boost.
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NewsMedia Bites 19 Feb: Asda, Wal-Mart, Morrisons
This morning’s papers are full of Asda’s ”worst sales falls in its history”
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NewsPropercorn on course to get its first taste of outside investment
Fast-growing popcorn brand Propercorn is close to securing its first injection of external cash since launching four years ago.
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NewsKraft Heinz in pole position to take back Philadelphia
Kraft Heinz is in pole position to take back full control of Philadelphia as Mondelez readies a $3bn (£2.1bn) sale of its grocery and cheese division.
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NewsNestlé shares fall on lower than expected growth
Nestlé shares dropped by almost 4% today after missing its full-year growth target and reporting a significant fall in profitability.
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NewsTreasury Wine profits rise on Asian demand
Treasury Wine Estates has doubled profits in the first half of its 2016 financial year on the back of soaring sales in Asia.
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NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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NewsMedia Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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NewsRetail leaders slam government for business rates "bragging"
BRC warns 40,000 high streets stores will close by 2020 without rates reduction
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NewsL’Oréal sees ecommerce sales soar by 62.5%
The health and beauty group has ramped up investment in digital content, particularly apps
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NewsGary Mills leads stores management restructure at Morrisons
Morrisons reshuffle promotes more women to senior roles, including Vicki Reay (pictured)
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NewsHancocks Cash & Carry joins Today's Group
Hancocks will look to harness Today’s Group’s greater buying power
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NewsCity snapshot: UK branded sales help mitigate milk price slump for Arla Foods
Arla’s overall volume of milk grew by approximately 622 million kilos in 2015 to 14.19 billion kilos
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NewsMedia Bites 17 Feb: BHS, Oppo, Pernod Ricard
The owner of BHS has secured a loan from an American restructuring company best known for trying, and failing, to rescue Blockbuster, writes The Times.
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NewsStreet Eats boosts capacity with £4m factory investment
The move is also expected by company bosses to create 300 jobs once the site is fully operational.