Finance news – Page 431
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NewsCity snapshot: Tesco and Booker set to complete £3.7bn merger after formal clearance by CMA
Tesco and Booker have been formally given the go ahead this morning by the competition authority to complete their £3.7bn merger. Plus, Supermarket Income REIT acquires Tesco Extra supermarket in the North Lanarkshire from Legal and General for £50m
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News2 Sisters pledges to publish results of all factory audits
It comes as The Guardian and ITV published fresh claims over ‘process issues’ today
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NewsAldi predicts premium Specially Selected will reach £1bn in 2018
The discounter said sales of Specially Selected had already soared by 32% this year
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NewsSkinny Brands wins £1.5m funding to develop low-calorie booze
Investors include the likes of former Goldman Sachs MD Nigel Robinson and Fatface founder Tim Slade
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NewsMRH signs Booker partnership deal after P&H collapse
Booker will deliver chilled and ambient groceries to 370 MRH store
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NewsYazoo raises prices on new price-marked packs
Inflation is now creeping into convenience channel after price of FrieslandCampina brand rose by 127%
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NewsMedia Bites 19 December: Hershey/Amplify, Campbell's/Snyder's-Lance, Majestic Wine, Morrisons
Two mega deals in the US are featured in the papers on a quiet morning for food and drink as things wind down before Christmas.
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NewsCity snapshot: Vimto sales power ahead but Nichols profits held back by Yemen conflict
Healthy Vimto sales have helped Nichols continue to power ahead in the UK, but the conflict in Yemen has affected its international business and held back group profits growth. Plus, Morrisons hires former Unilever executive for board
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NewsCampbell Soup Co buys Kettle and Metcalfe's Skinny owner for $4.9bn
US food group Campbell Soup Company has agreed to buy Kettle Chips and Metcalfe’s Skinny owner Snyder’s-Lance for $4.9bn (£3.7bn) to expand its exposure to the faster growing snacking market.
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NewsOrnua refinance bank funding with €610m package to support growth
Irish dairy Ornua has secured a new five-year funding package of €610m to help support future growth.
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NewsHershey acquires Tyrrells owner Amplify in $1.6bn deal
The deal values Amplify at $12 a share, a 71% premium to the price when markets closed on Friday.
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NewsTulip takeover of Easey Holdings wins CMA approval
Deal to buy Easey represented a major investment in British farming, said Tulip
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NewsCity snapshot: P&G hands board seat to activist investor
Consumer goods giant Procter & Gamble has appointed activist investor Nelson Peltz to its board after conceding defeat in a hard-fought proxy battle.
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NewsMedia Bites 18 December: Poundland, P&G, Waitrose, Conviviality
The nationals follow up The Grocer’s story that credit insurer Atradius reduced its cover for Poundland as a result of the crisis at parent group Steinhoff.
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NewsKKR snaps up Unilever spreads division for £6bn
KKR has emerged victorious in the race to buy Unilever’s spreads business, which includes the Flora, Stork and I Can’t Believe It’s Not Butter brands, with a €6.8bn (£6bn)
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NewsConviviality saves 1,300 jobs at P&H subsidiary WS Retail
Deal significantly ups Conviviality Retail’s presence in the south and south west of England…
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NewsPoundland trade credit reduced in wake of Steinhoff scandal
Action by Atradius could lead to empty shelves as suppliers halt deliveries
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NewsBread Holdings heads for sale with soaring sales
Revenues have surged 24% at Bread Holdings as the upmarket bakery group behind the Gail’s chain prepares a sale
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NewsCity snapshot: Conviviality offers to buy 127 Central Convenience stores following P&H collapse
Bargain Booze owner Conviviality has offered to buy 127 Central Convenience stores from WS Retail, following the collapse of its parent Palmer & Harvey into administration. Plus all the rest of the latest news from the City
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NewsMedia Bites 15 Dec: Ocado, Tesco, Steinhoff
Delivery drivers raking in £250-a-day as shortage in the run up to Christmas puts brakes on Ocado, writes The Daily Mail.