Finance news – Page 574
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NewsCity snapshot: Greggs scraps shares buyback for special dividend
Greggs scraps share buyback scheme despite strong trading, Sainsbury’s fights Mike Coupe Egypt conviction, Thorntons’ sales slump and all the rest of the news from The City
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NewsDivine Chocolate merges its UK and US businesses
Divine Chocolate, the farmer-owned chocolate company, has merged its UK and USA businesses.
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NewsDalton Philips gets £4m pay package on Morrisons exit
Former Morrisons CEO Dalton Philips received a £1m annual bonus payment in the supermarket’s last financial year despite escalating losses and plunging sales during the period.
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NewsCity Snapshot: Former Morrisons boss takes home £2.1m in final 12 months
Sacked Morrisons CEO Dalton Philips was given a total pay package of £2.1m last year, which included a £1m annual bonus. Plus East of England Co-op reports full-year results and Divine Chocolate merges UK and US businesses.
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NewsMedia Bites 28: Morrisons, Brew Dog, Diageo
Morrisons annual report reveals Dalton payout, BrewDog admits mistakes in crowdfunding documents, Diageo faces tussle with India’s ‘king of bling’, and China overtakes France in terms of hectares of lands devoted to vineyards.
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NewsTesco unveils new bonus scheme in 'Turnaround' plan
Tesco staff are to get rewards of up to 5% of their annual income if they help CEO Dave Lewis meet his targets for recovery
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NewsElio Leoni Sceti leaves Iglo CEO role for Coty
Elio Leoni Sceti, CEO of Birds Eye owner Iglo Group, is to join beauty company Coty as chief executive…
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NewsCity Snapshot: United Spirits dispute leaves Diageo with a hangover
An emergency meeting by the board of United Spirits has given the Indian drinks company’s biggest shareholder Diageo a headache today.
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NewsMedia Bites 27: Supermarkets, Tesco, Co-op
City analysts predict more profits pain for the listed supermarkets, Co-op chairman Allan Leighton readies himself for society’s AGM and GCA to hold surgeries to encourage more suppliers to come forward.
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NewsNew Birds Eye owner has 'ambitious' plans, says Nomad source
The firm sees grocery as ripe for consolidation and will be “nimble and opportunistic” in building on its anchor investment in the iconic frozen food company, sources close to Nomad told The Grocer this week
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NewsAshbury Chocolates collapse leaves creditors out of pocket
Creditors look set to lose a significant chunk of the £14.1m they are owed from the administration of Ashbury Chocolates…
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NewsABF: Kingsmill loaves lost from Tesco have already been replaced
FD John Bason said the Allied Bakeries subsidiary had already replaced the lost business
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NewsTesco store staff 'could not cope' with boom in online orders
Announcing a £6.4bn loss, the largest in retail history, Lewis said he was encouraged by a reversal in the fortunes of its Extra stores
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NewsCity Snapshot: Reckitt Benckiser beats Q1 expectations
Reckitt Benckiser has a good start by beating expectations in its first quarter. Elsewhere stevia producer PureCircle takes full control of Chinese subsidiary and Waitrose weekely sales figures. Plus all the latest share price movements.
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NewsMedia Bites 24 April: Tesco, Sainsbury’s, Brew Dog
Tesco’s annual results is still generating column inches, Sainsbury’s job cuts also make headlines, and Brew Dog snubs the City with £25m crowdfunding campaign.
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NewsDave Lewis hails Tesco Extra turnaround
Lewis claims the stores are now “worth the trip again” and “not the dinosaurs that people made them out to be”
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NewsSainsbury's shake-up places 800 jobs in jeopardy
The retailer said it was reviewing department and deputy manager positions so it could invest more resources in other shop floor roles
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NewsBooths to axe 100 jobs as it closes two stores
The Northern supermarket chain says it plans to close stores in Ansdell and Marton later this year
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NewsCity Snapshot: New stores boost sales at Crawshaw Group
AIM-listed butchery chain Crawshaw Group has reported a 17% uplift in full-year group sales.
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NewsMedia Bites 23 April: Tesco, living standards, Brewdog
Media Bites 23 April: Tesco, living standards, Brewdog