Finance news – Page 320
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NewsFulfil Nutrition plots further UK expansion as Hershey buys in
Irish confectionery bar startup Fulfil Nutrition is planning to expand further into the UK market after securing a “significant minority investment” from confectionery giant The Hershey Co.
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NewsGeneral Mills CFO to retire amid leadership team reshuffle
The company said the changes reflected a “thoughtful and strategic approach to long-term growth and succession planning”
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NewsAround Noon reports soaring sales of its Fruit Pots
The number of fruit pot units sold by Around Noon had increased more than 110% since 2017
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NewsSainsbury’s outperforms rivals in flat grocery market
Grocery sales flatlined in the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue to hamper food and drink sales growth.
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NewsMedia Bites 20 August: Greene King, Juul, Kraft Heinz/Mondelez
The papers have their say on the sale of Greene King to CK Asset Holdings of Hong Kong
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NewsGreene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.
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NewsChris Robinson steps down as Berry Bros & Rudd CFO
The former Tesco finance and planning director joined the retailer three-and-a-half years ago
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NewsCity snapshot: Sainsbury’s plays down Coupe succession plan reports
Sainsbury’s has played down reports it is preparing to replace under pressure CEO Mike Coupe following the collapse of its merger with Asda. Plus, all the rest of the latest news from the City.
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NewsMedia Bites 19 Aug: Lidl, Sainsbury’s, Majestic Wine
German discounter Lidl has told British suppliers that it wants them to pay for EU import tariffs to keep shelves stocked in its Irish stores in the event of a no-deal Brexit.
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NewsSussex-based porridge maker nets £60k Dragons' Den investment
The Great British Porridge Co has secured a £60k cash boost from Dragons’ Den’s Tej Lalvani following its pitch on the BBC Two show last weekend
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NewsJeremy Corbyn unveils plan to prevent high street ‘retail apocalypse’
Labour leader is expected to announce plans to give councils new powers to re-open abandoned empty shops
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NewsFruitapeel profits shrink as Puratos invests in long-term growth
Fruit and confectionery sauce maker Fruitapeel saw sales and profits contract in its first financial period under the ownership of Belgian confectionery group Puratos, as it invested in longer-term post-acquisition growth.
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NewsYoung’s posts £10m loss but sales and underlying profits up
Young’s Seafood posted a further £10m pre-tax loss in its financial year before being acquired by CapVest, but sales and underlying profits improved as turnaround progress continued.
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NewsThe Hebridean Food Co turns to crowd for ready meal support
The company is seeking £200k on Crowdcube in exchange for a 10.35% stake
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NewsBlue Skies looks to mitigate no-deal Brexit with longer-life NPD
The brand is developing longer-life products to avoid being hit by possible border delays
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NewsPoundland for sale as Steinhoff eyes €4bn Pepkor spin-off
Troubled South African retail giant Steinhoff is reportedly readying a €4bn sale or float of Poundland owner Pepkor Europe.
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NewsMedia Bites 16 Aug: Asda/Walmart, UK Retail Sales, Poundland
Asda boss Roger Burnley blamed Brexit for shattering consumer confidence and knocking the supermarket’s sales in the first half of the year
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NewsCrediton Dairy ‘on course’ to become market leader after latest results
The firm posted steady growth in turnover and profits which were ’in line’ with expectations
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NewsConsumer confidence ‘at six-year low’ due to Brexit, warns Asda’s Burnley
Walmart reported 0.5% like-for-like sales growth for Asda, excluding petrol, for the period 1 April to 30 June 2019
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NewsRetail sales record ‘surprise’ jump in July but food volumes dip
UK retail sales registered a “surprise” increase in July with volumes riseing 3.3% year-on-year