Finance news – Page 395
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NewsCity Snapshot: Sainsbury's-Asda merger would lead to higher prices, says CMA
Sainsbury’s shares have dived 14% on news that the CMA has “extensive concerns” over its proposed merger with Asda, Arla sees sales recover after turnaround plan and rest of the new from the City
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NewsMedia Bites 20 Feb: Asda, Iceland, Greggs
Asda said same-store sales grew by 1% over the fourth quarter, marking its seventh consecutive period of sales growth
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NewsBlow for Sainsbury’s-Asda merger plans as CMA flags up extensive concerns
The CMA said the deal would lead to a “worse experience” for both in-store and online shoppers nationally
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NewsAsda rues 'uncertainties' as results show slower growth
Growth was slower than in the previous quarter, with CEO Roger Burnley admitting Asda had been hit by “uncertainties”
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NewsCity snapshot: Premier Foods scraps Ambrosia sale plan
The proposed Ambrosia sale was one of the final strategic initiatives of former CEO Gavin Darby who stepped down from Premier last month
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NewsCity snapshot: McColl's returns to like-for-like sales growth
Profits halved and like-for-like sales slumped at the chain in 2018, blaming supply disruption from Palmer & Harvey’s collapse earlier in the year
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NewsCity snapshot: Vegan sausage roll success boosts profits at Greggs
Greggs said it has made an “exceptionally strong start” to 2019
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NewsCity snapshot: Gove set to reassure over food standards at NFU conference
The environment secretary, Michael Gove, is to pledge that British food standards will not be lowered “in pursuit of trade deals”
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NewsEnergy drinks and sugar-free drive CCEP profit and sales growth
Coca-Cola European Partners also announced plans to start trading on the London Stock Exchange
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NewsPatisserie Holdings-owned Baker & Spice sold to Department of Coffee and Social Affairs
KPMG confirmed that the independent coffee chain has bought four Baker & Spice outlets in London Coffee shop chain Department of Coffee and Social Affairs has acquired the London-based Baker & Spice bistro chain from the striken former parent company of Patisserie Valerie. KPMG confirmed this morning ...
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NewsOlly's Olives secures £200k cash boost to drive expansion
A number of angel investors and high-net worth individuals have backed the brand
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NewsPollen & Grace reach out for £350k amid new listings
Pollen & Grace has launched the funding drive ahead of new regional listings, which will see it expand into 55 Tesco and 50 Co-op stores in May
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NewsStaple Dairy Products acquired by its directors in buyout
Staple supplies cheese, butter, aerosol cream, convenience egg products and microwavable rice
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
A deal was struck with administrators KPMG in the early hours of this morning
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NewsMedia Bites 18 Feb: Sainsbury's/Asda, Premier Foods, Patisserie Valerie
Sainsbury’s has drafted in consultants to help with the mammoth task of merging with Asda
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NewsMedia Bites 15 Jan: Patisserie Valerie, Coca-Cola, Nestlé
The private equity-backed management buyout to save collapsed cake chain Patisserie Valerie is unsurprisingly heavily covered in the papers this morning.
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NewsBusinesses 'may go bust' in no-deal Brexit, says survey
Nearly 12% agreed with the statement that no-deal would be a “calamity” for their business
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NewsPatisserie Valerie sold to management in late-night deal
A deal was struck with administrators KPMG in the early hours of this morning
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NewsMedia Bites 14 Feb: Morrisons, Eat, Heineken
Morrisons is facing a fresh equal-pay claim from store staff
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
Patisserie Valerie has been bought out of administration by the new management team. Plus, Nestlé is exploring sale options for its Herta charcuterie business and all the rest of the latest news from the City.