All Finance articles – Page 332
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Comment & OpinionJamie's Italian suffered more fundamental problems than Jamie
The sugar tax dance may not have helped, but the TV chef can’t be held fully responsible for the collapse of his restaurant chains
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NewsPret a Manger acquires rival Eat to expand Veggie Pret estate
The acquisition will see Pret gain another 90 stores across the UK
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NewsCofresh Snack Foods acquires £20m second site in Nuneaton
The new facility will be dedicated to healthier snack brand Eat Real
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NewsM&S announces £600m discounted rights issue to fund Ocado JV
Marks and Spencer has announced a £600m rights issue to fund its joint venture with Ocado as it reveals a 10% drop in pre-tax profits and a 3% drop in annual revenues.
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NewsMedia Bites 22 May: Jamie Oliver, Majestic Wine, WH Smith
Food industry ambassador and celebrity Chef Jamie Oliver’s restaurant chain has collapsed into administration and all but three of its 25 venues have closed.
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News2 Sisters set to close another poultry site as part of restructure
The move is the latest in a bid to turn the poultry giant’s fortunes around
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NewsSainsbury's to introduce incubator bay for small suppliers
The move appears to be the next phase of Sainsbury’s Future Brands initiative
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NewsCity snapshot: WH Smith CEO Stephen Clarke steps down
WH Smith chief executive Stephen Clarke has decided to step down at the end of October after 15 years with the company. Plus, trading updates from Cranswick, Greencore, Hilton Food Group, Tesco stops mortgage lending and all the rest of the latest news from the City.
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NewsMedia Bites 21 May: Majestic Wine, Coca-Cola HBC, Petrol prices
OpCapita, the controversial former owner of Comet, is among investors circling Majestic Wines’ 200-strong store portfolio
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NewsOcado set to cut 400 jobs after Andover fire
Ocado has put up to 400 jobs at risk at its Andover warehouse after failing to find an alternative site nearby and admitting it will take two year to rebuild.
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NewsMedia Bites 20 May: M&S, Ocado, Just Eat/Amazon
M&S profits dive amid chairman Archie Norman’s scramble to close stores, writes The Times.
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Analysis & FeaturesEarly start for strawberry season yields 22% boost
Most of the increase is down to the warm Easter period this year
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Comment & OpinionAn IPO would inspire the Asda workforce and store managers
An IPO could free Asda up to pursue its own strategy, and galvanise the workforce in a way the Sainsbury’s merger could never have done
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NewsLily's Kitchen vows to double sales of its petfood globally
Premium petfood brand Lily’s Kitchen is plotting a huge exports push to double its international sales this year and break into the Asian and Middle East pet care markets.
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NewsFood and drink deal volumes drop amid Brexit nervousness
Deal volumes dropped 19% from the fourth quarter of 2018 to 47 completed deals in the first quarter of 2019
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NewsCheeky Panda tops crowdfunding target
The bamboo tissue brand has raised a seven-figure sum valuing it at almost £25m
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NewsNestlé streamlining continues with sale of Skin Health
Elsewhere, Greggs shares jumped to their highest-ever level after its fourth profits upgrade in five months
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NewsWalmart splits City over plan to float Asda on Stock Exchange
The move prompted some to speculate it was an attempt by Walmart to flush out potential trade or private equity buyers
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NewsCity snapshot: Amazon named as lead investor in £450m Deliveroo fundraising round
Deliveroo has announced that Amazon is the lead investor in a $575m (£450m) fundraising round the enable it to accelerate growth. Plus all the rest of the latest news from the City.
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NewsMedia Bites: Asda, Deliveroo/Amazon, Pret a Manger/Eat, Waitrose
Asda’s American owners have warned of an “incredibly challenging backdrop” after reporting a slip in quarterly sales and regulators torpedoed its merger plans with rival Sainsbury’s.