Finance news – Page 520
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NewsKenyan tea prices eased by better harvest outlook
Kenyan tea prices have dropped below $3.50 per kg (£2.40) for the first time since last June
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NewsNisa serves notice on North East Convenience Stores chain
The buying group said in November it had launched a review
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NewsArla announces job cuts and appoints new UK head
Restructure will see UK boss Peter Giørtz-Carlsen promoted to new role and the appointment of Tomas Pietrangeli as his successor
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NewsArgos deal set to make Sainsbury's top UK non-food retailer
Sainsbury’s game-changing £1.3bn takeover of Argos would catapult the supermarket to become the largest non-food retailer
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NewsCity snapshot: Year on year price fall is largest on record
Plus Waitrose continues to struggle in January, with weekly sales down 2.4%
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NewsPaynes Dairies back in the black after cutting farmgate prices
Paynes Dairies has returned to profit after spending two years in the red as it renegotiated the price it pays farmers
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NewsCo-operative Group buys 15 Budgens stores from Booker
Co-op well on track to hit 100 new stores target this year
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NewsCurrencies and cost-cutting hit sales at Mondelez
Full year net revenues were down 13.5% to $29.6bn, including a 12.6 percentage point impact from currency
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NewsMedia Bites 4 Feb: Sainsbury's/Home Retail, EasyFoodstore, Mondelez
Old Mutual, the third largest shareholder in Home Retail Group, has issued its support for Sainsbury’s £1.3bn takeover despite previously calling for a higher price.
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NewsEasyfoodstore forced to close after running out of stock
The shop will be closed on Thursday (4 February) and will then reopen on Friday at 9am
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NewsFood prices rise in January
Food prices have risen for the first time in four months in January as seasonal lines come off promotion
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NewsPooch & Mutt secures bank funding to chase more growth
Premium petcare brand Pooch & Mutt has secured a five-figure bank funding package to keep up soaring demand for its natural, health-focused dog food, treats and supplements.
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NewsTacon charges Tesco £1m for code investigation
Adjudicator describes Tesco’s bill as a “significant sum”
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NewsMedia Bites 3 Feb: Sainsbury’s, Ocado, Casino, EasyFood
Sainsbury’s £1.3bn Argos offer hogs the limelight, overshadowing news of Ocado’s second year of profits
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NewsEagle Eye first-half revenues fall short of expectations
Eagle Eye Solutions sales up 30% in first half as it signs major contract with Sainsbury’s
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NewsOcado posts second annual profit but still waits for international deals
Ocado has posted its second consecutive annual profit after a year which saw retail sales rise by 14.7%
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NewsUK consumer confidence falls on terrorism & immigration fears
This marks the first fall since 2013, according to the Nielsen Global Survey of Consumer Confidence
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NewsTotal Produce buys stake in US firm Progressive Produce
Total Produce, the global fresh produce company, has acquired a 65% equity stake in Progressive Produce.
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NewsSainsbury's offers Home Retail £1.3bn in improved takeover bid
The bid is boosted by the £340m sale of the Homebase chain to Australia-based Westfarmers
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NewsMedia Bites 2 Feb: EasyJet, M&S, EasyFoodstore, Sainsbury's, Bargain Booze
EasyJet boss Dame Carolyn McCall breaks her silence about an approach to take charge of M&S. Plus the budget airline dips a toe into grocery with the launch of EasyFoodstore.