Finance news – Page 553
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NewsM Local: Mike Greene 'bullish' he can boost c-store chain
Convenience retail veteran Mike Greene is set to form a new convenience chain…
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NewsTesco Project Reset: you ain't seen nothing yet experts warn
Cereals, coffee, tea and tinned meats are among those hardest hit by the consolidation so far
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NewsWH Smith shrugs off VAT row to upgrade earnings forecast
WH Smith has shrugged off the ongoing row about allegations that retailers are pocketing VAT savings
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NewsCity snapshot: Bake Off helps weekly Waitrose sales climb 3.1%
Waitrose has said the return of The Great British Bake Off has helped its sales, excluding petrol, rise by 3.1% in the week to 15 August.
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NewsMedia bites 21 Aug: WH Smith, Co-op Bank, Ahold
WH Smith will continue to claim back VAT refunds from passenger purchases at its airport shops.
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NewsC-store chain McColl's renegotiates £100m credit facility
Convenience specialist McColl’s has secured a £100m refinancing package to enable it to increase the rate of its post-IPO expansion.
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NewsWH Smith ignores VAT furore as it beats profit forecasts
Shares in WH Smith fell 1.3% today after the retailer avoided any mention of the ongoing row over alleged pocketing of VAT savings at airports.
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NewsBritish American Tobacco agrees deal for Brazil’s Souza Cruz
British American Tobacco is set to take full control of Brazilian tobacco firm Souza Cruz after agreeing a deal with major shareholder Aberdeen Asset Management.
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NewsJW Filshill grows pre-tax profits by 62.5% to £1.3m
Wholesaler JW Filshill increased its pre-tax profits by 62.5% to £1.3m despite a 4.4% fall in sales.
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NewsGlanbia profits report double-digit growth
Nutrition group’s pre-tax profit before exceptionals up 23.5% to €125.5m (£89.1m)
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NewsCity snapshot: WH Smith trading ahead of expectations
WH Smith (SMWH) has said its full-year earnings will beat analysts’ expectations thanks to strong trading from its travel stores and better performance on the high street.
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NewsMedia bites 20 Aug: Morrisons, Carlsberg, Kirin
Morrisons is facing a bill worth tens of millions of pounds to offload its struggling convenience store business, according to reports today.
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NewsTossed hits fundraising target with support from Andy Murray
Food-to-go retailer Tossed has smashed its fundraising target of £750,000 on crowdfunding platform Seedrs with help from tennis world number two Andy Murray.
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NewsImperial Tobacco volumes and revenues dip in first nine months
Imperial Tobacco, manufacturer of major tobacco brands, including JPS, Lambert & Butler and Golden Virginia, has reported tobacco net revenue down 4% to £4.4bn in the nine months to the end of June.
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NewsCarlsberg's reported profits tumble 12% amid warning
The brewer’s beer volumes sold in Eastern Europe fell by 18%, which resulted in a 5% fall worldwide
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NewsCity Snapshot: Profit warning at Carlsberg as Europe proves tough for new CEO
Carlsberg’s new CEO has issued a profit warning in his first set of results this morning thanks to market decline
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NewsMedia Bites 19 August: M Local, M&S, Asda
Convenience veteran Mike Greene has emerged as the frontman for investment firm Greybull’s bid to takeover M Local; more boardroom upheavel at M&S and Asda’s woes make the papers today.
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NewsYogiyo Korean sauce wins Sainsbury's listing & Dragon backing
The Birmingham-based business will roll out its three sauces to 450 Sainsbury’s stores from October
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NewsAsda suffers 4.7% second quarter sales slump
Asda’s second quarter like-for-like sales have plunged by 4.7%, declining further from the 3.9% drop it experienced in the first quarter.
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NewsEmmi upgrades earnings forecast after beating first half expectations
Swiss food group Emmi beat revenue expectations in the first half of 2015 despite sales slipping 3.8% to CHF1.56bn.