Finance news – Page 550
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NewsWaitrose profits hit as property woes blight JLP
Waitrose has seen its profits fall again as ‘turmoil’ in the grocery market and a loss of property profits hits
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NewsMorrisons confirms sale of 140 M Local stores
The stores are being sold for £25m to a team led by Mike Greene and Greybull Capital
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NewsPalmer & Harvey grows sales but makes net loss from Costcutter 'teething problems'
P&H said that it, along with Costcutter, invested heavily in unplanned net start-up costs amounting to £15.2m
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NewsCity snapshot: MillerCoors names new CEO
MillerCoors has named Gavin Hattersley as its new chief executive officer; new CFO for Hain Celestial, Terra Firma confirms Justin King role and all the rest of the news from the City.
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NewsMedia Bites 9 Sep: Tesco, Justin King, M&S
A string of private equity firms have abandoned offers for Tesco’s data arm Dunnhumby, according to reports.
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NewsBright Blue Foods acquired by private equity firm Endless
Own label and licensed cake supplier Bright Blue Foods has been acquired by private equity firm Endless for an undisclosed sum
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NewsMcBride returns to annual profit despite 5.4% sales dip
McBride, the provider of private label household products to major retailers, has vowed to focus on “manufacturing excellence”
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NewsConviviality Retail secures £200m Matthew Clark acquisition
Under the terms of the deal Matthew Clark, the UK’s largest independent drinks distributor, will become wholly-owned by Conviviality Retail
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NewsMedia Bites 8 Sep: Tesco, ABF, Justin King
Tesco’s £4bn sale of South Korean retail arm dominates the business pages this morning.
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NewsCity snapshot: Conviviality agrees £200m Matthew Clark deal
Bargain Booze owner Conviviality Retail has agreed to buy drinks wholesaler Matthew Clark in a deal worth £200m
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NewsGreat British Sauce Co. exceeds £200k crowdfunding target
Great British Sauce Co. has raised almost £250k from its crowdfunding campaign on Crowdcube.
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsTesco sells Homeplus to investors for £4.2bn
The sale marks another step in the scaling down of the global empire built by Sir Terry Leahy and Philip Clarke
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NewsCity snapshot: Tesco agrees to sell Homeplus
Tesco has agreed to sell its South Korean retail arm Homeplus to a consortium led by MBK Partners for £4.24bn, plus Associated British Foods warns over sugar and currency impact and all the rest of the news from the City.
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NewsMedia Bites 7 Sep: Quorn, Tesco/Homeplus, Morrisons
Quorn is at the centre of a £500m takeover battle between frozen food giants Nomad and McCain, according to weekend reports.
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NewsExport figures dragged down by plunging value of euro
The UK food & drink industry has been hit by a slump in exports in the first half of 2015…
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NewsAbsolut drives spirited Pernod Ricard performance in UK
Absolut vodka - the brand responsible for a €404m write-down in Pernod Ricard’s annual results - has driven a strong performance by the business in the UK.
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NewsThe Co-op Group rules out any move into online grocery sales
The Co-operative Group has ruled out launching an online grocery business
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NewsCity snapshot: August high street sales suffer worst slump for seven years
High street sales in August have suffered their biggest slump since the depth of the financial crisis in 2008.
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NewsMedia Bites 4 Sep: The Co-op, Tesco, Morrisons
The major grocery story in the media this morning is The Co-op’s return to half year profitability announced yesterday.