Finance news – Page 527
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NewsWaitrose like for like sales fall 1.4% over Christmas period
Gross sales (excluding fuel) were £859.8m, up 1.2% compared with last year, however like-for-like sales fell 1.4%
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NewsMedia Bites: Sainsbury's bids for Home Retail Group
The surprise news yesterday that Sainsbury’s held talks takeover with Argos owner Home Retail Group has triggered a flurry of news stories in today’s papers.
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NewsS&A Foods owed suppliers £15m after collapse
Unsecured creditors of S&A Foods, including big name food suppliers, look set to be out of pocket by up to £15m as a result of the collapse of the ethnic ready meals business last year.
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NewsProfits shoot up at meat processor Dunbia as it seeks a buyer
Northern Irish meat processor Dunbia saw annual pre-tax profits hike by more than 40% driven by the impact of opening new facilities.
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NewsSainsbury’s confirms approach for Argos owner Home Retail Group
Sainsbury’s has announced today that it made an approach to Homebase and Argos owner Home Retail Group in November that was rejected.
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NewsEagle Eye appoints former Tesco deputy CEO as chairman
Grocery tech group Eagle Eye has appointed former Tesco deputy CEO Tim Mason as its new chairman
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NewsCity snapshot: Cumbria-based Carr's survives floods unscathed
Carr’s has issued a trading update detailing the “enormous challenge” recent flooding posed to the business
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NewsMedia Bites 5 January: Ocado, coffee shortage, Guinness
Ocado’s share price has fallen by 16% in just four trading days on concerns over the impact of Amazon and worries over Christmas sales
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NewsSales growth moves Pieminister back into the black
Pieminister returned to profitability in its last financial year as a 21% growth in sales helped the premium pie maker record a pre-tax profit of £99k.
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NewsMeadow Foods grows profits as milk price hits sales
Pre-tax profits at dairy processor Meadow Foods have risen almost 25% to £13.7m despite turnover slipping by £44m to £376m.
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NewsMüller hints at rationalisation following Dairy Crest merger
Müller Milk & Ingredients combines the dairy operations of Müller Wiseman Dairies and Dairy Crest
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NewsMedia Bites 4 Jan: M&S, Amazon, Aldi, Co-op
Marks & Spencer has fired its head of the new Sparks loyalty scheme in a racism row. Plus Amazon declared Christmas winner, Aldi to open record number of stores and Co-op embroiled in £5m unfair dismissal case.
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NewsCity snapshot: Big four cut diesel to below £1
Morrisons, Asda, Tesco and Sainsbury’s have all cut the price of the fuel to below £1 for first time since 2009.
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NewsCity snapshot: M&S shares hit by broker downgrade
Marks & Spencer (MKS) shares slipped yesterday after one broker forecast a 5.5% slump
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NewsHain Celestial UK gets healthy with Orchard House Foods deal
Hain Celestial has acquired Orchard House Foods from Wellness Foods as it seeks to make its portfolio healthier.
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NewsProduce Investments buys daffodil grower Andrew Farming
The deal includes the acquisition of more than 40 new commercial daffodil bulb varieties and 90 smaller seedling varieties
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NewsConvenience store investment levels make slight recovery
C-store investment bounces back despite Living Wage fears
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NewsR&R Ice Cream completes £25m update at Leeming Bar factory
The supplier said the upgrate would boost the site’s production capacity by more than a fifth
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NewsHeineken picks up Red Stripe with Desnoes & Geddes deal
The acquisition of Red Stripe maker Desnoes & Geddes also includes Dragon Stout
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NewsBread and baked goods set for further decline, says Mintel
Falling sales are largely down to a drop in demand for packaged sliced bread