Finance news – Page 514
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NewsGreyHawk rescued in wake of brand dispute
Twenty jobs have been saved at Yorkshire brewer GreyHawk after it was bought from administration…
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NewsMarkets rocked by election uncertainty
The pound has dropped in value by almost 2% overnight against the dollar as markets come to terms with the shock UK general election result that has produced a hung parliament.
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NewsAsda keeps a lid on prices as inflation eases again
Prices are rising compared with last year, but still remain 2.2% down on a two-year basis
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NewsTheresa May under pressure to resign as UK votes for hung parliament
After a dramatic night, the UK has woken up to a hung parliament this morning, with the Conservatives emerging as the largest party
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NewsMedia Bites 9 June: General election, M&S, Rémy Cointreau, Red Bull
The shock of last night’s election result resulting in a hung parliament is being digested by the papers this morning.
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NewsLewis relocation costs face scrutiny at AGM
An influential investment group has called on shareholders to vote down the Tesco pay report over relocation costs for CEO Dave Lewis
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NewsRoberts still solidly profitable despite pensions deficit blow
Bread maker Roberts Bakery defied “difficult” market conditions to post flat revenues and profits last year, but fell to a headline loss due to a recalculation of its pensions deficit.
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NewsCity snapshot: Rémy Cointreau raises earnings expectations after “excellent” annual performance
French drinks group Rémy Cointreau has lifted its future outlook after revealing an “excellent” annual performance, with a double-digit jump in profits and an almost 5% sales boost. Plus, Pernod Ricard buys majority stake in mezcal brand Del Maguey Single Village Mezcal
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NewsMedia Bites 8 June: Steinhoff, Lidl, Tesco, Kellogg
As the UK heads to the polls today, the papers are dominated by the final day of the campaign and the continuing story of the London terror attack. It’s looking very quiet when it comes to grocery or retail news.
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NewsSauces and juice producer Fruitapeel undergoes MBO
Terry and Deborah Haigh have taken over ownership of the business from existing fellow shareholders Frank and Philip Frederick. Finance director Neil Murgatroyd has also acquired a stake in group as part of the deal.
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NewsBirds Eye owner Nomad Foods seeks new CFO as Kenyon resigns
Birds Eye owner Nomad Foods is on the hunt for a new CFO after Paul Kenyon handed in his notice to take on a job outside of the food industry at shoe retailer Clarks.
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NewsEat set to recognise GMB as Wembley staff representative
The union said it expected to sign the recognition agreement with Eat by 9 June
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NewsCity snapshot: Zambeef profits slide amid challenging economic conditions
Profits have plunged in the first half at Zambeef Products as the beef producer was hit by falling commodity prices and challenging economic conditions on Zambia. Plus, full-year results from drinks group Distil
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NewsMedia Bites 7 June: Tesco, Lidl, Delivery Hero
Tesco is facing an investor revolt over £140,000 paid to CEO Dave Lewis for relocation costs. Plus, Lidl’s eye-catching move to launch a “high-end” fashion line with supermodel Heidi Klum also gets plenty of coverage.
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NewsGusbourne to raise £4.2m in placing to expand wine production
English sparkling wine producer Gusbourne is aiming to raise £4.2m of fresh funds in a share placing to invest in new vineyards and expand production.
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NewsAmazon 'most valuable retail brand' in BrandZ rankings
’The brand was also the fastest-growing performer in the BrandZ Retail Top 20, up 41% ($40.1bn) year on year’
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NewsFood sales rise against backdrop of declining retail trend
This is the strongest three-month average for food since February 2012
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NewsCity snapshot: UK retail like-for-like sales drop on non-food sales fall
UK retail sales fell by 0.4% on a like-for-like basis in May as weak non-food sales dragged down strong food sales growth, according to the BRC KPMG Retail Sales Monitor.
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NewsMedia Bites 6 June: Ocado, Tesco, Consumer spending
Hedge fund boss threatens Ocado coup as initial buzz over software deal is followed by a sell-off, writes The Daily Mail
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NewsLidl to launch women's fashion range with supermodel Heidi Klum
The new fashion collection will launch across its 650 UK stores nationwide later this year