Finance news – Page 408
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NewsConviviality confirms £7.25m retail sale to Bestway
Stricken Conviviality has confirmed the £7.25m sale of Conviviality Retail to Bestway, including the Bargain Booze, Select Convenience, Wine Rack and Central Convenience chains.
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NewsMedia Bites 9 April: Tesco, Bestway/Bargain Booze, Sugar tax, Pret
Tesco boss Dave Lewis “pressed on merits of Booker tie-up” as it prepares to issue its annual results, writes The Times (£).
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NewsFortified wine sales plunge but Buckfast growth stays buoyant
The past 12 months has seen significant declines for eight of the UK’s nine biggest fortified wine brands
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NewsFisherman's Friend maker reports 45% drop in profits
The company grew sales by 0.7% to £51.6m in the year to 31 December 2017
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NewsMRH profits up ahead of Motor Fuel Group takeover
MRH has reported a double-digit rise in sales and profits for the year to 1 October 2017
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NewsGrocemania delivery startup seeks £100k from the crowd
The delivery platform wants cash in return for 13.3% of its equity
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NewsHeineken reclaims Tesco shelf space after 2017 cull
The brewer has gained 11 new listings since the end of January
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NewsCity snapshot: Conviviality confirms C&C Group wholesale deal
Conviviality put out a statement after hours confirming it had sold its Conviviality Direct business to C&C Group after putting the division into administration with PWC. Plus, Ahold Delhaize CEO to step down and all the latest news from the City.
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NewsMedia Bites 5 April: Conviviality, Grocery market share, Accolade Wines
The events around Conviviality, not surprisingly, attracts widespread coverage this morning as C&C Group buys its wholesale business from administration.
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NewsC&C Group completes Matthew Clark and Bibendum rescue
Magners owner C&C Group has completed a deal to assume full ownership of the Matthew Clark and Bibendum wholesale businesses belonging to beleaguered Conviviality.
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NewsNew executive team at pork producer F A Gill
THe Wolverhampton-based business has introduced three new department head roles in a bid to develop its “strategic direction”
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NewsC&C Group in talks to buy Conviviality's Matthew Clark and Bibendum
C&C Group, with the support of AB InBev, is in advanced talks to buy Matthew Clark and Bibendum from stricken Conviviality for a nominal sum.
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NewsMedia Bites 4 April: Conviviality, Shop prices, Young’s Seafood
Chinese private equity firm ZQ Capital is front runner to buy Conviviality, according to the Daily Mail, with ZQ likely to bid for the whole group.
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News'Blueprinting' stores is 'dead', says Sainsbury's
Tailoring individual supermarkets to local customers’ grocery needs ‘key to serving customers effectively’
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NewsEurope-wide grocery spend surges as inflation bites
The amount Europeans spent on groceries climbed 4.4% in the final quarter of 2017 – the highest rise since early 2012, Nielsen’s latest retail performance data reveals.
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NewsMedia Bites 3 April: Conviviality, Bank Holiday footfall, Westmorland
Conviviality investors are mulling suing the board amid claims the directors misled them about the health of the sprawling drinks business’s finances, reports The Times.
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NewsRefresco-Cott merger greenlit following offer to sell plant
The latest categorical acceptance means the CMA will not refer the merger for an in-depth investigation
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NewsRGF finds temporary cashflow solution as shareholders step in
Three of the company’s major shareholders have provided up to £4m in the form of a draw-down loan note facility
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NewsConstellation Brands fourth-quarter sales exceed estimates
The company said its beer portfolio was the number one growth contributor to the US beer market
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NewsCostcutter rejected Bestway proposal after Co-op deal
Sources close to both parties told The Grocer this week that Bestway approached Costcutter in December