Finance news – Page 581
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Co-op staff welcome 8.5% pay rise proposal
The proposal is worth in excess of £85m a year and will see minimum pay rates for a full-time employee increase
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City Snapshot: PureCircle sales climb as stevia goes mainstream
Sales at stevia producer PureCircle have climbed by 24% to $43.2m in the company’s first half
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Media Bites 16 March: GCA, high streets, Diageo
Whitehall emails show teething troubles for the Groceries Code Adjudicator; a report on the UK high street finds more shops close than open in 2014; and Diageo backs down on lengthening supplier payment days.
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Nakd and Trek valued at £50m as Natural Balance seeks investment
Natural Balance has experienced strong growth in recent years as it tapped shifting consumer attitudes to healthy eating
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FrieslandCampina predicts 2015 dairy growth despite end of EU milk quota
Global dairy firm FrieslandCampina has warned that the disappearance of the EU milk quota could lead to more volatility in the dairy market, but remains upbeat about 2015 prospects.
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Mr Shericks Shakes seeks £250k of crowdfunding to grow brand
The adult-orientated milkshake brand created by ex M&S buyer Andrew Sherick is seeking £250m of crowdfunded investment to grow its brand and range of products.
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Aurivo acquires sports nutrition brand For Goodness Shakes
The company behind UK-based sports drinks brand For Goodness Shakes has been acquired by Irish agri-business Aurivo.
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Media bites 13 March: Morrisons, Waitrose, BHS
Not unexpectedly, Morrisons’ near £800m loss yesterday gets plenty of coverage with most of the focus on the £1.3bn property write-down and the closing of 23 convenience stores.
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City snapshot: Waitrose's weekly sales tick up after annual profit fall
There was some cheer for Waitrose bosses this morning as its weekly sales ticked up slightly after their recent flatlining
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Waitrose commits to Tesco price match promise in the face of plummeting profits
Waitrose has reaffirmed its commitment to continue matching Tesco on branded goods in 2015 despite its profits plunging by almost a quarter in the previous year.
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R&R Ice Cream buys Nestlé's South African ice cream arm
R&R ice cream, the third-largest ice-cream manufacturer in the world, has bought Nestlé South Africa’s ice-cream business for an undisclosed price.
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Sir Philip Green agrees to sell off BHS
The Arcadia boss is selling BHS to the investment firm after 15 years of ownership
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Waitrose operating profits tumble 23.4%
A significantly higher level of investment and one-off items have bitten a large chunk out of Waitrose’s operating profits
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Quorn to invest £40m in bid to become a £1bn food giant
Quorn Foods is embarking on a £40m investment drive to continue to fuel its rapid growth over the next 12 months on the road to becoming a £1bn business.
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Media Bites 12 March: Christine Tacon, plain packaging, Google Shop
The papers tackle the plain tobacco packaging furore this morning, alongside news about the strong pound and Google’s high street presence
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City Snapshot: Morrisons posts £792m loss, shares slip
The scale of the task facing new Morrisons CEO David Potts when he sits at his desk for the first time on Monday was laid bare this morning
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Adelie Foods acquired by HIG Capital
Urban Eat owner Adelie Foods was today snapped up by private equity house HIG Europe for an undisclosed sum.
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Investment sees Annabel Karmel baby food expansion
A proportion of the £1.5m funding will be used to further develop international markets, with a focus on the Middle East, Hong Kong, China and the US
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City Snapshot: Aldi tops ranking of Britain's fastest growing retailers
The middle is caught in the squeeze of the discounters and the luxury end of the market as Aldi and Waitrose top a table of Britain’s fastest growing retailers.
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Internet sales of non-food products outgrow bricks and mortar for sixth consecutive month
Online sales last month represented 17.5% of total non-food sales, up from 16.6% in February 2014