All Finance articles – Page 296
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News
City snapshot: CapVest finally agrees deal to buy Young’s Seafood
Private equity investor CapVest has finally won the long running bidding process for seafood specialist Young’s and will place it in an enlarged Karro Food Group. Plus, Morrisons restates first-half and full-year restated 2018/19 results on a IFRS 16 basis and all the rest of the latest news from the City.
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News
As Nature Intended back in the black as it plots future expansion
Health and organic food retailer As Nature Intended swung to a pre-tax profit in 2018 despite having to shut down one of its main London shops in a refurbishing programme.
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News
CapVest-owned Karro acquires Young’s Seafood
Karro Food Group, the pork processor owner by private equity investor CapVest, has agreed terms to buy UK seafood business Young’s.
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News
Bespoke supplements brand The Nue nets $9m investment to accelerate growth
The Nue plans to use the capital raised to grow its direct-to-consumer offering and expand product range.
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Comment and Opinion
Pret a Manger faces a reputational turning point as Schlee steps down
In a year of unprecedented change and challenge at the high street chain it’s clear that Schlee’s departure could mark a turning point
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News
Scottish dairy business McQueens to create 100 jobs in ‘ambitious’ expansion push
McQueens Dairies has revealed an “ambitious” multi-million expansion plan which will see the creation of up to 100 new jobs within two years.
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Booker retail MD to take on Motor Fuel Group role
Fox will start his new role as MD of retail with the forecourt operator on 1 September
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Clive Schlee to step down as Pret a Manger CEO
Schlee has overseen a tenfold rise in sales, helping Pret become a billion-pound business with over 550 shops
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News
City snapshot: UK growth stalls amid stagnant economy and Brexit uncertainty
UK economic conditions remained stagnant in the second quarter of the year amid a fall in manufacturing output and the impact of ‘relentless Brexit uncertainty’, according to the British Chambers of Commerce.
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News
Media Bites 1 July: Sainsbury’s, Brexit, AB InBev
Sainsbury’s boss Mike Coupe has said pressure on retail means mergers are inevitable — months after his £14bn move for Asda was blocked by regulators.
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Comment and Opinion
Defra’s latest food sector review may be Gove’s last chance to deliver
Michael Gove has in the past been taken to task for ‘taking the F out of Defra’
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News
Thorntons sales continue to slip in second year under Ferrero
Newly filed accounts at Companies House show Thorntons’ sales fell 3.3% to £135.2m in the 53 weeks to 31 August
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News
Freed Foods secures funding to support growth in gluten-free market
The London-based brand, trading as Mister Free’d, issued £1.5m worth of new shares last week
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News
Parfetts hails turnaround of ex-Blakemore depot
The cash & carry operator bought the Middlesbrough depot in June 2018
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Analysis and Features
Tacon’s plans add to uncertainty over GCA’s future role
Can the supermarkets be trusted to self-police the Groceries Code?
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News
City snapshot: UK consumer confidence continues to fall in June
UK consumer confidence fell back once more in June, with all five measures of GfK’s consumer confidence index falling back and pointing to a ’turbulent’ summer.
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News
Media Bites 28 June: Greene King, Boots, Sugar content
The new chief executive of Greene King used his first set of results to commit the company to brewing, dismissing suggestions that he might follow Fuller’s in selling its beer business.
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News
Amber Beverage buys UK drink distributor Cellar Trends in push for global growth
Spirits producer Amber Beverage Group has acquired UK booze distributor Cellar Trends, pressing ahead with its international expansion plans.
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News
Boots UK profits decline amid wider high street woes
Boots UK third quarter profits slumped as the pharmacy chain proved the latest victim of declining footfall on the high street.
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News
2 Sisters returns to underlying growth as turnaround strategy ‘gains momemtum’
Quarterly underlying profits at 2 Sisters’s parent company Boparan rose for the first time in over two years, as the chicken giant’s turnaround strategy has begun to take hold.