Finance news – Page 344
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NewsMedia Bites 17 Oct: Asda, Amazon/Deliveroo, Lidl
Approximately 12,000 Asda workers are currently facing the sack next month for refusing to sign controversial new contracts.
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NewsSLG Brands acquires three high street beauty brands for £15m
SLG Brands has added three more high street beauty companies to its portfolio, closing deals for a total of £15m.
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NewsHome Bargains outperforming B&M as revenues rise 15%
Home Bargains saw revenues grow by 15% compared with B&M’s UK revenue growth of 8.7%
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NewsInflation set to hike retail business rates by £137m
The controversial business rates system is calculated every April based on the CPI of the previous September
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NewsCity snapshot: Lidl makes £15bn British sourcing commitment
Lidl GB has pledged to invest £15bn in British food, farming and production over the next five years. Plus, Sainsbury’s restates 2018/19 accounts under IFRS 16, Casino sells 31 hypermarkets and all the rest of the latest news from the City.
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NewsMedia Bites 16 Oct: Grocery market share, Home Bargains, Marston’s
The market share of the Big Four supermarkets has tumbled to a 15-year low as the march of the German discounters Aldi and Lidl continues
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NewsUnited Wholesale Grocers grows turnover by a fifth
Results were boosted by the acquisition of the former Blakemore depot in Gateshead
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NewsMotor Fuel Group acquires forecourt operator Symonds Retail
Symonds Retail generated revenues of £17.9m in the year ended 31 March 2018
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NewsCity snapshot: Early autumn grocery growth rebounds
Sales across the grocery industry rose 1.3% during the past 12 weeks as the industry emerged from the shadow of tough summer 2018 comparisons. Plus, Marston’s issues profits warning on weak food sales and all the rest of the latest news from the City.
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NewsMedia Bites 15 Oct: Ocado, The Pound, Pork prices
Ocado shares were knocked after JP Morgan analysts cast doubt on its value.
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NewsPunchy Drinks turns to the crowd to fund ‘cutting-edge’ rebrand
No and low-alcohol startup Punchy Drinks has launched a crowdfunding campaign to fund a rebrand and move into cans
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NewsRebel Kitchen merges with Nurture Brands to create plant-based business
From January 2020, Rebel Kitchen will join Emily Crisps and Ape Snacks under the Nurture Brands portfolio
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NewsUK vaping industry pushes ‘facts not fiction’ in reassurance campaign
The UKVIA warned ‘misinformation and scare stories’ had threatened to push UK vapers back to cigarettes
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NewsCity snapshot: UK retail footfall continues to plunge
Retail footfall has dropped once more in September as consumer caution ahead of Brexit increased.
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NewsMedia Bites 14 Oct: EG Group, Retail footfall, Food crime
EG Group, one of the world’s largest independent petrol station and convenience store chains, is considering an initial public offering next year that could value it at more than £10bn
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NewsSnaffling Pig closes £1.3m fundraising campaign
The campaign attracted over 1,900 investors, a first for any food brand to date
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NewsUnited Biscuits’ sales slide amid competition and promotions
United Biscuits sales fell 5.4% last year as consumers turned away from branded favourites.
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NewsHain Celestial under investor pressure for more sell-offs
There’s still been no confirmation of a Sky News report last week linking US food player Hain Celestial with a sale of its UK arm
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NewsGlobal food industry M&A deal activity drops in August
The total value of M&A deals in the global food industry has fallen in August, according to new research
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NewsP&H collapse and supply issues led to £17m loss for Costcutter
However CEO Darcy Willson-Rymer said he was ‘optimistic about 2020’