Finance news – Page 401
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NewsFormer Mondelez UK MD Mike Taylor joins Montezuma's as Chairman
The appointment comes two months after Montezuma’s was acquired by Inverleith LLP
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NewsBooths credits Christmas sales hike to click & collect uplift
Booths also said that its profits excluding tax also rose 4.5% compared with a year ago
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NewsCity snapshot: Bart Becht resigns as JAB Holdings chairman
The chairman of JAB Holdings, veteran dealmaker Bart Becht, has resigned after a reported split with his two partners, Lindt & Sprüngli saw sales jump 5.5% in 2018, and the rest of the news from the City
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NewsMedia Bites 15 Jan: JAB Holdings, Stockpiling, Gillette
Bart Becht, the chairman of Pret-owner JAB Holdings, has quit after a split with his two partners
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NewsDan Jago to step down as Berry Bros & Rudd CEO
Jago spearheaded a three-year turnaround of the upmarket retailer
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NewsYoung Foodies and Spayne Lindsay launch funding platform
The fmcg community network and the corporate finance firm have launched YF funding to aid founders and investors
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NewsGareth Jones takes over as CEO at Musclefood
Musclefood founder Darren Beale will take a part-time, non-executive advisory role
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NewsRetail footfall slumps over Christmas
Retail footfall over the Christmas period fell by 2.6% according to the latest BRC-Springboard footfall and vacancies monitor.
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NewsMedia Bites 14 Jan: Sainsbury's/Adsa, Patisserie Valerie, AB InBev
Sainsbury’s is facing a tougher battle than it had expected to get regulatory approval for its proposed takeover of Asda without onerous conditions.
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NewsProfits plunge 29% at Oscar Mayer after PE takeover
The ready meal supplier saw profits fall on the back of rising raw material costs
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NewsBlakemore takes £18m hit after exiting cash & carry sector
Annual results for the year ending 30 April 2018 show the wholesaler recorded a loss of £18.8m on sales of £1.26bn
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NewsProfits slump at Princes after 'raw material price increases'
Princes had already announced plans to shut down its Chichester manufacturing site in 2020
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NewsGato & Co secures £200k cash boost after rejecting Dragons
Seven new investors have backed the pudding supplier in the new funding round
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NewsCity snapshot: Lidl festive sales jump 8%
Sales at Lidl jumped 8% year-on-year over the festive period, driven by strong sales of its Deluxe range. Plus Fortnum & Mason sales surge 12% over Christmas and all the latest news from the City.
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NewsMedia Bites 11 January: Tesco, Marks & Spencer, John Lewis
Tesco achieved its highest rate of Christmas sales growth in the UK since December 2009
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NewsTesco holds supplier meetings over Brexit stockpiling
Tesco wanted to do what it could with suppliers to minimise disruption, said Lewis
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NewsCity snapshot: Tesco outperforms market with 2.6% festive sales growth
A hectic morning sees Christmas trading updates from grocery stalwarts Tesco, John Lewis Partnership, Marks & Spencer as well as B&M, C&C Group, McBride and Hilton Food Group.
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NewsMedia Bites 10 Jan: Sainsbury's, UK retail, Greggs
“Shoppers pull the plug on Sainsbury’s Christmas sales” is headline in The Times (£) as the supermarket’s sales fell back over Christmas.
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NewsSainsbury's attributes falling sales to cautious shoppers
Like-for-like sales from Argos stores open for over a year in Sainsbury’s supermarkets increased 10% year on year
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NewsHartley's & Mulberrys off-licence owner appoints liquidators
Its creditor BNP Paribas Leasing Solutions petitioned to have the business wound up in December