Finance news – Page 522
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NewsNew task force to challenge retail's 'low waged, low skilled' culture
The task force is being headed by former Morrisons HR director Norman Pickavance
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NewsHotel Chocolat back in profit with sweet sales growth
Hotel Chocolat has bounced back into the black after ditching its US trial and keeping a tight hold of costs.
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NewsPeter's Foodservice snaps up hot-dog firm Mom’s Fabulous Foods
Peter’s Foodservice has completed the acquisition of “gourmet” hot-dog business Mom’s Fabulous Foods.
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NewsMedia Bites 27 Jan: Tesco, Sainsbury's, Argos
The GCA’s findings that Tesco “knowingly” withheld cash from suppliers to artificially prop up its results dominates the papers this morning.
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NewsCity snapshot: Sales fall at Britvic amid challenging grocery market
Sales have fallen 2.4% on an organic basis in the first quarter to £290.1m as a result of declines in the UK, French and international markets
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NewsP&G sees 2% global organic sales rise in second quarter
P&G Procter & Gamble has returned to quarterly organic sales growth, revealing a 2% rise
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NewsPZ Cussons shares plunge on emerging markets struggles
Shares in consumer goods manufacturer PZ Cussons fell almost 10% today after the company revealed its first half trading was hit by volatile conditions in emerging markets.
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NewsDavid Robinson leaves Argos to join Conviviality Retail as MD
Off-licence group is restructuring its management in wake of Matthew Clark deal
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NewsTesco illegally deducted 'millions' in supplier payments, GCA reveals
Retailer also systematically delayed payments owed to food and drink companies, in some cases by more than two years
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NewsConvenience sales drive Greencore Q1 revenues 7.2% higher
The group recorded revenue of £356m – 7.2% up on a reported basis and 6.8% ahead in constant currency
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NewsMedia Bites 26 Jan: Tesco, Fever Tree, Sainsbury's
Tesco faces more problems today as The Guardian wries that it will be reprimanded over its treatment of suppliers.
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NewsNisa store numbers boosted by My Local convenience contract
Nisa says focus on price and promotions is paying off in recruitment drive
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NewsFever-Tree shares surge on strong growth and earnings upgrade
Shares in Fever-Tree have leapt 7% in morning trading after it reported booming sales over the second half of the year resulting in a full year earnings that are “comfortably ahead of expectations”.
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NewsHedge fund teams up with Gudmundssons to acquire 89% Bakkavor stake
US hedge fund The Baupost Group has joined with brothers Agust and Lydur Gudmundsson to buy up 89% of Bakkavor for £163m
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NewsMedia Bites 25 Jan: Sainsbury's, Amazon, Ocado, Tesco
As the Sainsbury’s board tours the City to gather support for its Home Retail/Argos deal, shareholders warn the supermarket not to overpay in the takeover bid.
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NewsFever-Tree raises guidance on soaring sales
Premium mixer brand Fever-Tree has increased full-year sales by 71% to almost £60m on the back of a strong second half
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NewsCMA accepts MRH GB's undertakings over Esso acquisition
MRH agreement to sell two stores satisfies CMA to approve forecourt deal
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NewsGeneral Mills UK profit rises as it closes Berwick site
General Mills has released accounts showing profits more than doubled in the UK last year
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NewsMedia Bites 22 Jan: SABMiller, Sainsbury's, Premier Foods, Asda
The race for Peroni, Grolsch and Meantime is heating up as Asahi and Chang brewer Thai Beverage reach the next round of bidding, along with a handful of big private equity players.
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NewsCity snapshot: Adelie takeover of Freshpak in doubt
Urban Eat owner Adelie has run into problems in its pursuit of sandwich filling supplier Freshpak Chilled Foods.