Finance news – Page 521
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NewsCity snapshot: Sainsbury's tables £1.3bn Home Retail offer
Plus Ocado revenues up 16.7% to £1.1bn and pre-tax profits jump 65.3% to £11.9m
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NewsSSP Group CEO Kate Swann receives maximum bonus to boost pay to £2.6m
Foodservice company SSP Group (SSPG) gave CEO Kate Swann her maximum annual bonus possible in its first full year as a listed company to take her pay to £2.6m.
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NewsBoots to axe up to 350 UK managerial jobs
Boots is proposing cuts to between 300 and 350 management roles in the UK as the high street chain continues its plans to simplify the business.
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NewsReal Good Food shares slump on profit warning
Shares in Real Good Food crash to lows not seen since April 2015 as the business warns its full-year profits would fall short of expectations.
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NewsMedia Bites 1 Feb: Sainsbury's/Home Retail, Tesco, Ocado
The big story in the papers is the upcoming deadline in Sainsbury’s pursuit of Home Retail Group, with the general consensus being that the supermarket needs to find more cash to get the deal done.
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NewsWhitworths profits up 58% but hit by Utting exit
Pre-tax profits were up by nearly 60% at dried fruits, nuts and seeds supplier Whitworths
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NewsAunt Bessie's owner posts solid results
The family-run owner of Aunt Bessie’s and Jackson’s Bakery, William Jackson & Son, has posted solid growth
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NewsGudmundssons retake control of Bakkavor with hedge fund deal
The Gudmundsson brothers have retaken control of Bakkavor after striking a deal with US hedge fund The Baupost Group
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NewsMy Local sales lagging M Local levels by £25m admits Greene
Sales are currently £25m below the levels achieved when the stores were still owned by Morrisons
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NewsCity snapshot: "Strong" Christmas trading at Conviviality
Overall revenues were up 38% to £252m in the 27 weeks to 1 November, with EBITDA up 43% to £6.5m
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NewsMedia Bites 29 Jan: Diageo, diary farmers, waste
Diageo’s first-half results, worrying times for Britain’s dairy farmers and Hugh Fearnley-Whittingstall’s continuing war on waste all makes this morning’s papers.
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NewsCity snapshot: AG Barr sales fizz over Christmas
Soft drinks group AG Barr has increased sales by more than 2.5% in its final quarter of the year despite the intensifying war on sugar and competitive UK market.
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NewsKitwave closes in on private equity deal to fund expansion
Kitwave is close to securing investment to allow it to continue its acquisitive buy-and-build strategy.
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NewsCoca-Cola HBC to elect new chairman as George David retires
Coca-Cola HBC chairman George David is stepping down from his role after 35 years with the European Coke bottler.
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NewsOcado calls in Dixon Carphone deputy CEO as non-exec
Ocado has appointed Dixons Carphone deputy chief executive as an independent non-executive director.
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NewsCranswick festive volume sales boosted by lower pig prices
Total sales in the three months to 31 December 2015 were up 5% compared with Q3 the previous year
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NewsPayPoint sales rise in the third quarter
PayPoint has posted third-quarter year-on-year net revenues up 1.8% to £35m and total revenue down 3% to £58.1m.
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NewsDiageo sales hit by currency headwinds
Organic operating profit growth at the company came in at 2.4%
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NewsCity snapshot: Diageo reports 1.8% first half organic sales growth
However, its reported results have been dragged back by asset disposals and currencies
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NewsMedia Bites 28 Jan: ABInBev/SABMiller, Britvic, Scotch whisky
A delay in the regulatory approval process in Africa threatens AB InBev’s merger with SABMiller, writes The Times.