Finance news – Page 511
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NewsEnglish Tea Shop joins forces with Joe's Tea Company
Two UK speciality organic tea brands are joining forces to build an £11m operation to take advantage of booming sales of speciality teas
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NewsWalmart tipped to start bidding war for Whole Foods
A rival bid could block Amazon’s expansion into grocery, says JP Morgan
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NewsCity snapshot: English Tea Shop buys Joe’s Tea Company
Two UK speciality organic tea brands are joining forces to build an £11m operation to take advantage of booming sales of speciality teas. Plus, a look at the finance stories in this week’s edition of The Grocer, supermarket shares fall again and all the latest news from the City
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NewsMedia Bites 23 June: Heineken, Exports, B&M Bargains
Mexico looks to call the shots over Heineken’s tequila beer in row over tequila content in Desperados lager
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NewsJBS faces struggle to find a buyer for Moy Park
The Northern Ireland-headquartered supplier is one of the biggest poultry processors in Europe
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NewsBanana prices hiked by crop disruption in South America
Banana wholesale prices are up almost 20% year on year after poor weather in Central and South America hit production…
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NewsMcColl's attractive to supermarket buyers, claim analysts
McColl’s bought 298 Co-op stores in December 2016 to take the number of convenience stores it owns to 1,300
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NewsMedia Bites 22 June: Tesco, Diageo, Holland & Barrett, Whitbread
Tesco’s plan to close a call centre in Cardiff, with up to 1,000 jobs at risk, gets plenty of coverage. As does Diageo’s eye-catching $1bn acquisition of George Clooney’s tequila brand. Plus, rumours arise that the owner of Superdrug is plotting a £1bn-plus takeover of Holland & Barrett
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NewsCity snapshot: Diageo downs George Clooney's premium tequila brand for $1bn
Diageo is set to pay up to $1bn (£790m) for an upmarket tequila brand started by Hollywood A-lister George Clooney and two friends as the drinks giant aims to tap growing demand for premium tequila.
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NewsABP expands in UK with Linden Foods joint venture as Brexit looms
ABP Food Group is expanding its presence in the UK as part of its Brexit strategy after agreeing to extend its joint venture with Fane Valley Co-op to include Linden Foods.
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NewsWholesaler Wing Yip reports £2m fall in turnover to £101m
The Birmingham-based company’s pre-tax profits rose by £70,000 to £4.8m
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NewsMedia Bites 21 June: Tesco, Sainsbury's, Nestlé
A computer glitch at Tesco causing customer chaos, the Sainsbury’s Nisa rumours and a US acquisition for Nestlé all find a spot in this morning’s papers.
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NewsCity snapshot: Sales growth at Costa helps Whitbread with 'good' start to the year
Sales at Costa have increased by almost 9% in the first quarter as owner Whitbread reported a “good” start to the year, but like-for-like growth in the UK for the coffee chain continues to slow.
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NewsShetland Mussels nets multimillion-pound funding package to double production
Rope-grown mussels producer Shetland Mussels has secured a multimillion-pound finance package to help double production.
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NewsDunbia deputy CEO Tony O'Neill to retire
Dunbia has shaken up its management team in the aftermath of the Dawn Meats merger with deputy CEO Tony O’Neill to step down.
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NewsGermany's grocery market set to grow 10.5% to €259bn by 2021
The online channel is set to grow the most, by 244.4%, although this is from a small base
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NewsJBS announces intention to sell Moy Park
Beleaguered Brazilian meat giant JBS has announced it plans to sell its shareholding in Northern Irish poultry firm Moy Park as part of a R$7m (£1.68bn) divestment programme
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NewsOcado shares surge as City weighs up fallout from Amazon/Whole Foods deal
Ocado shares hit a 10-month high today as speculation mounted that the online grocer had become an acquisition target in the wake of Amazon’s surprise takeover of Whole Foods.
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NewsMedia Bites 20 June: Whole Foods, Amazon, Ocado, Supermarket Income REIT
Whole Foods shares rose above Amazon’s $42 all-cash offer as investors bet a rival retailer could gatecrash the $13.7bn offer made by the ecommerce giant for the upmarket grocer.
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NewsCity snapshot: Supermarket store investor to float on LSE
Supermarket Income REIT plc plans to raise £200m in a placing to buy stores rented on long leases to the likes of Tesco, Sainsbury’s, Morrisons and Asda. Plus, Ocado shares surge 11% on back of Amazon takeover of Whole Foods; and Sainsbury’s rise on Nisa bid rumours.