Finance news – Page 502
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NewsHilton Food Group shares rise on Icelandic speculation
Shares in Hilton Food Group surged on the news it is in pole position to snap up Saucy Fish Co owner Icelandic Seachill
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NewsMedia Bites 3 August: B&M Bargains, Asda, Mondelez, Green & Black's
Further M&A activity in the convenience channel as B&M Bargains buys Heron Foods jockeys for position in the media coverage with tumbling profits at Asda.
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NewsCity snapshot: Hilton Food Group confirms approach for Icelandic Seachill
Tesco red meat supplier Hilton Food Group has confirmed it is in talks to acquire Saucy Fish Co owner Icelandic Seachill, which was put up for sale in April. Plus,
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NewsDirk Van de Put to lead Mondelez as Irene Rosenfeld retires
Van de Put has been CEO at McCain Foods for the last six years…
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NewsShrinkflation hits Stella Cidre as bottles cut by 12%
Supplier AB InBev has reduced Pear and Original bottles from 568ml to 500ml
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NewsCheckoutSmart expands overseas with acquisition of German cashback grocery app Scondoo
Cashback app CheckoutSmart has acquired German mobile shopping reward company Scondoo to extend its reach in Europe.
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NewsAsda to battle falling profits with 'steady improvement'
Like-for-like sales fell 5.7% in the year to 31 December
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NewsB&M Bargains snaps up Heron Foods in £152m deal
B&M said its initial plans to expand and develop the Heron business include opening between 10 and 20 new stores per annum.
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NewsMedia Bites 2 August: McColl's/Morrisons, Greggs, BAT, Impossible Foods
The surprise landmark supply deal agreed by McColl’s and Morrisons is in the spotlight in today’s papers. Plus, Greggs to roll-out drive-through stores and British American Tobacco under formal investigation by the UK’s Serious Fraud Office over claims that it bribed officials in east Africa to undermine anti-smoking laws.
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NewsCity snapshot: Irn-Bru revamp boosts AG Barr sales but margins squeezed
A revamp of Irn-Bru helped push sales at AG Barr up 8% to £136m in the first half
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NewsGreggs to roll out drive-throughs nationwide after successful trial
It also hinted at the possibility of a future trial of home delivery or click and collect service
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NewsReal Good Food shares collapse on profit warning and accounting issues
Shares in Real Good Food crashed more than 30% after accounting issues forced the cake decoration business to issue a profits warning, with EBITDA to be £3m lower than expected.
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NewsMorrisons and McColl’s strike landmark supply deal
Morrisons will supply grocery goods across McColl’s estate under the relaunched Safeway brand
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Morrisons signs McColl’s supply agreement: What the analysts say
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand. Here’s how the analysts reacted.
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NewsMedia Bites 1 Aug: Unilever, EU subsidies, Heineken
A former boss of Marks & Spencer and an ex-Unilever chief operating officer are being lined up to play key roles in the £6bn auction of Unilever’s spreads business, according to Sky News.
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NewsCity snapshot: Safeway brand returns as Morrisons signs McColl’s supply agreement
McColl’s Retail Group has signed a deal with Morrisons to supply grocery goods across its estate under the relaunched Safeway brand.
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NewsFresh-Range smashes £300,000 crowdfunding target in 24 hours
Bristol-headquartered Fresh-Range has so far raised £343,000 from 135 investors on the Seedrs platform in return for an 8% stake, valuing the business at £3.5m.
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NewsCleveland Meat Co collapses with loss of 68 jobs
The collapse of Cleveland Meat Co comes after the FSA shut the business down temporarily in June when it found evidence of “serious deficiencies” at the firm’s Stockton site.
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NewsPalmer & Harvey understood to be seeking more financing
The delivered wholesaler has asked PwC to seek out new outside investors, according to The Telegraph
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NewsTesco to close accounts of tens of thousands of bank customers
Tesco Bank has written to Clubcard Plus account holders to warn them that all accounts will be closed