All The Grocer articles in 13 June 2015 – Page 4
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Premier Foods rebuffs latest McCormick offer but agrees to open talks
Premier Foods (PFD) has said McCormick’s latest 65p per share takeover proposal “continues to undervalue” the firm, but has agreed to engage with the US food group over its bid.
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Nissin ups its Premier Foods stake as McCormick increases offer
The new share purchase means Nissin has now spent £103.4m buying up Premier Foods shares
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Hovis retains Premier Foods’ “support and confidence” despite write-down
Premier says it intends to retain its 49% stake in the venture
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Standard Life Investments hits out at timing of Nissin’s Premier Foods share deal
Standard Life Investments called on the Mr Kipling maker to engage with prospective bidder McCormick
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McCormick “disappointed” by Premier Foods' board but moots higher bid
US food giant McCormick has released a statement criticising the Premier Foods board for denying shareholders the “opportunity to consider McCormick’s highly attractive cash offer”.
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Standard & Poor’s cuts Casino’s credit rating to junk
French hypermarket group Casino has lost its investment grade credit rating with Standard & Poor’s after its long term debt ratings were cut by one notch to BB+.
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Sainsbury’s makes improved £1.4bn bid for Argos owner Home Retail Group
Sainsbury’s has confirmed it has made a tweaked £1.4bn bid for Home Retail Group after its rival in the bidding battle pulled out of the race today.
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Steinhoff pulls out of Home Retail bidding battle
South African retail group Steinhoff has decaled it has “no intention” of making a formal offer for Home Retail, leaving the coast clear for Sainsbury’s to take over the Argos owner.
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City snapshot: ABF takeover talks with South Africa’s Illovo Sugar ongoing
Illovo said today talked remained ongoing but are still in the preliminary stage
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Media Bites 18 March: Sainsbury's/Argos, Sugar tax
Sainsbury’s is set to raise bid as the Argos takeover deadline approaches today.
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City snapshot: Moy Park sees fourth quarter revenues rise 1.6%
Moy Park’s fourth quarter revenues rise 1.6% on improved UK volumes, but exports are hit
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Media Bites: Budget special - sugar tax and business rates
George Osborne’s sugar tax has been attacked by soft-drink makers and is “certain to cost jobs”.
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Ocado shares surge on solid first quarter results
Gross group sales climbed 15.3% to £312.4m in the 12 weeks to 21 February from £271.1m in the same period in 2015
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Applegreen reports 30% profit growth as it builds estate
Irish forecourt operator Applegreen saw gross profit rise 30% in its first year as a listed company as it grew its estate from 152 to 200.
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Fever-Tree toasts “exceptional” first full year as listed company
Premium mixers manufacturer Fever-Tree has posted a 71% revenue rise and 82% increase in earnings in its first full year as a London listed company.
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The Grocer Price Index shows record deflation
Plus annual revenues soar at Baxters and the market takes a dim view of Morrisons’ turnaround progress
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Media Bites 11 March: Morrisons, John Lewis, Home Retail Group
On a busy day for retail, the papers examine annual results from Morrisons, Waitrose owner John Lewis Group and Argos owner Home Retail Group.
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US growth underpins sales surge at Divine Chocolate
Fairtrade confectionery manufacturer Divine Chocolate saw a 50%-plus boost to revenues last year as US growth helped make up for losing listings in UK supermarkets.
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Brexit vote will have “momentous significance” for UK food, says FRC report
The authors argue that, if the country decided to leave, food imports will become more expensive
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Tesco’s recovery continues, says Kantar
Kantar found supermarket sales were up by 0.5% compared with a year ago