Finance news – Page 591
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NewsMedia Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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NewsIndustry reaches sustainability agreement on Arctic cod
The agreement follows concerns raised by Greenpeace over fishing in previously untouched areas of the Norwegian Arctic
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NewsBritish strawberries set for a record year, say growers
Crop set to hit 74,000 tonnes this season as it benefits from better availability
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NewsAB InBev/SAB Miller mega merger cleared by European Commission
Clearance is conditional on AB selling off practically all of SAB’s European beer business
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NewsCity Snapshot: M&S profits drop 19.5% as it steps up convenience roll-out
M&S saw profit before tax drop 19.5% to £483.3m on revenues up 0.8% to £10.4bn
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NewsMedia Bites 25 May: BHS, High Street Sales, Cranswick
The fallout from the BHS administration saga continues to dominate retail headlines this morning.
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NewsHenkell buys remaining 40% shares in Copestick Murray
Henkell & Co has snapped the remaining 40% of UK-based wine distributer Copestick Murray that it does not already own.
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NewsC&C Group signs China distribution deal for Tennent’s
Beer and cider producer C&C Group continues to ramp up its growth in Asia with the announcement of its fourth distribution partnership in the area.
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NewsCoca-Cola Enterprises shareholders back European merger
Shareholders in Coca-Cola Enterprises have backed the deal to create a new European bottling giant by merging CCE with Coke bottling operations in Spain and Germany.
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NewsRichard Baker joins Motor Fuel Group as retail director
Baker spent 37 years with Tesco since joining in 1978 as a part-time student
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NewsCity snapshot: Poultry acquisitions boost earnings at Cranswick
Revenue for the year to 31 March rose by 6.6% to £1.07bn with comparable volumes up 12% in the year
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NewsMedia Bites 24 May: BHS, John Lewis, Stock Spirits
The major retail business news this morning is the accusation that Sir Philip Green’s Arcadia Group knew that the buyer of BHS “had a history of bankruptcy” before the sale of the retailer.
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NewsSlowing Chinese economy hits Aquatic Foods Group
Chinese seafood company Aquatic Foods Group has reported a 7% drop in first quarter revenues reflecting the pressures of the stalling Chinese economy.
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NewsActivist shareholder wins board battle with Stock Spirits
An activist shareholder has succeeded in installing two new non-executive directors on the Stock Spirits board against the wishes of the current leadership team after other shareholders backed the move at its AGM today.
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NewsIndependent butchers thrive in wake of Horsegate
Independent butchers have continued to thrive since the horsemeat scandal and are now contributing £555m to the economy
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NewsGrocery prices across Europe rise at slowest pace for six years
The prices of everyday items including food, drinks and toiletries have not grown so slowly since 2010
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NewsCity Snapshot: Stock Spirits faces AGM crunch time
Under pressure Eastern European drinks group Stock Spirits will face rebel investors at its AGM
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NewsMedia Bites 23 May: M&S, Tesco, ABInBev
Marks & Spencer’s new boss Steve Rowe is set to reveal on Wednesday his plans to breathe life into the company’s struggling clothing division on Wednesday.
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NewsThe Co-operative goes ‘back to being Co-op’ and revives classic blue look
The society is bringing back its blue leaf clover logo and introducing new membership benefits worth £100m a year
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NewsKettle Chips profits fall amid 'intense' competition
Kettle Chips has seen profits fall more than 31% in the UK as intense competition and heavy promotions in the snacking sector ate away at margins.