Finance news – Page 588
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NewsPoundland agrees £55m deal to buy 99p Stores
Poundland has announced it is to buy rival fixed-price discounter 99p Stores this morning in a deal worth £55m.
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NewsCity snapshot: Poundland to swallow up rival fixed price discounter 99p Stores for £55m
Poundland agrees to £55m takeover of rival discounter 99p Stores. Plus a profit warning from Tate & Lyle sends shares spiralling - and the latest movements from the rest of stock market.
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NewsMedia Bites 6 February: Tesco, Andy Clarke, Rexam
Reaction to GCA’s probe of Tesco features heavily as Asda’s Andy Clarke questions Tesco turnaround strategy.
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NewsRexam £4.3bn takeover talks send shares soaring
Shares have spiked massively at aluminium can manufacturer Rexam after it admitted to talks with a US rival for a potential £4.3bn takeover.
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NewsChris Dee appointed as new Booths CEO
New role in the business created for 20-year veteran of the upmarket Northern retailer
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NewsCost cutting drives profit growth at McBride
Private label household goods firm McBride has reported a 4.1% revenues fall to £364.7m in the six months to 31 December 2014.
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NewsCity Snapshot: Dairy Crest in talks with CMA to push through Müller sale
Dairy Crest holds its breath as it awaits watchdog review of Müller sale. Plus McBride’s first half results and the latest share price movements.
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NewsAdjudicator Tacon announces Tesco inquiry
Groceries Code Adjudicator Christine Tacon launches first ever inquiry after receiving evidence relating to Tesco’s dealings with suppliers
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Media Bites 5 February: Tesco, Boots, Starbucks
Tesco’s latest woes dominates the news this morning with the supermarket to come under fresh scrutiny by the supermarket watchdog over its dealings with suppliers.
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NewsConsumer healthcare sales dip at GSK in 2014
GlaxoSmithKline’s (GSK) consumer healthcare revenues dipped by 1% last year as the global pharma giant struggled to overcome supply chain problems in the US and Europe.
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NewsAsda COO Mark Ibbotson moves to Walmart
Mark Ibbotson to take up role as senior VP at Walmart US, Asda responsibilities will be split until replacement is found
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NewsSmucker’s to cater for cats and dogs with $5.8bn Big Heart deal
US food group JM Smucker has entered the pet food and snacks category with the $5.8bn acquisition of Big Heart Pet Brands.
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NewsConviviality buys GT News' 37 stores, will convert most to Bargain Booze
Conviviality Retail says acquisition is in line with plans for “geographical expansion”
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NewsPrivate equity firm CD&R sells a further 12% stake in B&M
B&M Bargains could be heading for the FTSE 100 after former private equity owner Clayton Dubilier & Rice floated another 120 million shares in the value retailer.
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NewsMedia Bites 4 February: Ocado, Tesco, Co-op
Ocado’s first annual profit gets significant coverage across the papers this morning.
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NewsCity snapshot: Conviviality Retail buys GT News
Conviviality Retail is back on the acquisition trail after announcing the purchase of East Midlands and Yorkshire convenience chain GT News. Plus, food price deflation, B&M share placement and the latest market news from the City.
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NewsFood deflation hits highest level yet, finds BRC-Nielsen Shop Price Index
Food prices fell by the highest rate ever recorded by the BRC-Nielsen Shop Price Index in January as the New Year price war took hold.
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NewsCargill swoops for Zambeef oil subsidiary for $25.7m
US multinational Cargill has agreed to acquire the edible oil and soybean meal subsidiary of listed agribusiness Zambeef for $25.7m.
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NewsOcado reports its first annual profit in 15 years of trading
Online grocer Ocado has, as expected, posted its first annual profit since it started operating 15 years ago as revenue jumped by almost 20% compared with 2013.
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NewsCity snapshot: Ocado defies the critics with first annual profit
Ocado (OCDO) has finally shaken the “never made a profit” monkey off its back after 15 years of trading this morning.