Finance news – Page 601
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IGD predicts discount market will double by 2019
The UK grocery market will increase in value by 16% by 2019, driven by growth in the discount, convenience and online
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Morrisons to issue £300m in corporate bonds
Morrisons announced after markets closed on Friday that it had successfully launched £300m in corporate bonds.
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Regional food groups face tough choices
Regional food groups remain upbeat about their future despite the demise of Heart of England Fine Foods…
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Sainsbury’s brings bureau de change to stores in Travelex deal
Sainsbury’s Bank has secured a new five-year contract with Travelex to grow its presence in the travel money market.
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Fitch downgrades Tesco's credit rating
Fitch Ratings has followed Moody’s in downgrading Tesco’s credit rating
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Dairy Crest CEO Mark Allen's pay soars by a third
Dairy Crest CEO Mark Allen saw his pay package rise by over a third following the return to bottom line profitability…
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McColl’s opens 750th c-store as expansion continues
McColl’s Retail Group has opened its 750th convenience store.
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Heart of England Fine Foods goes into liquidation
Heart of England Fine Foods (HEFF) has gone into voluntary liquidation, it was announced today.
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Tesco's credit rating downgraded by Moody's
Tesco has had its credit rating downgraded by Moody’s amid poor sales performance and a tough outlook for the sector.
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Mission Deli wraps relaunched by Mission Foods
Mission Foods is relaunching its Mission Deli wraps range with a softer formula…
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Japan Tobacco buys British maker of E-Lites
Japan Tobacco has agreed to acquire UK e-cigarettes maker Zandera for an undisclosed sum…
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B&M Bargain valued at £2.7bn after pricing IPO
Discount retailer B&M Bargains will be worth £2.7bn when it floats on the London stock exchange next week…
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BRC records first ever three-month fall in food sales
The British Retail Consortium finds growing “polarisation” between food and non-food retail sales
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Imperial Tobacco to float Logista in Spain
Imperial Tobacco is to float its European logistics division Logista…
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Retailers find a cure for finance problems with new credit union
Leading retailers are joining forces to help retail staff who find themselves in financial difficulties…
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Pricing intelligence firm Profitero gets $8m for expansion
Pricing intelligence specialist Profitero has secured $8m in new funding that will be used to “aggressively expand”…
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Tesco sales hit headlines but Sainsbury's is biggest faller
Shares in the listed supermarkets slumped again this week…
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Morrisons team restructure threatens 2,000 store management jobs
Morrisons is on the verge of restructuring its in-store management teams – which could result in up to 2,000 job losses…
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Black Friday for Asda: staff plan redundancy protests
Asda managers who are facing the possibility of losing their jobs are being encouraged to don black next Friday…