Finance news – Page 56
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NewsCity snapshot: Greggs to build frozen factory and create 600 jobs
Greggs has announced it will build a purpose-built frozen production and logistics factory in Derby to boost capacity for up to 3,500 shops in the UK
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NewsMedia Bites 10 June: Asda/Issa brothers, C&C Group, THG
Zuber Issa has finalised a split from his brother Mohsin by selling his stake in Asda to the supermarket chain’s private equity backer
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NewsCity news: B&M shares wobble despite record sales and profits
Shareholders were spooked by a lack of clarity on guidance and current performance
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NewsFox’s Burton’s makes return to profitability as branded sales soar
Biscuits giant Fox’s Burton’s returned to underlying profitability in its most recent financial period as it increased UK market share and export sales
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NewsTDR Capital becomes majority Asda owner by buying out Zuber Issa
TDR Capital has agreed to increase its stake in Asda to become majority owner after buying out the shares owned by Zuber Issa
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NewsCity snapshot: C&C Group CEO departs over historic accounting errors
Drinks supplier and distributer C&C Group has announced the departure of its CEO after posting delayed accounts due to the discovery of accounting errors
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NewsMedia Bites 7 June: Tesco/Booker, Fever-Tree, Unicef
A privately owned wines and spirits merchant has been sold to Tesco’s wholesale division for an undisclosed sum. Venus, the family business that owns the Gerry’s spirits shop in Soho, central London, has been bought by Booker as Tesco seeks to sell more premium beer, wines and ...
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NewsBritish Corner Shop to make a comeback
The online platform for British goods had closed earlier this year due to Brexit and Covid-19 impacts
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NewsMeal kit startup WowzaBox raises cash as it eyes retail listings
Chinese food meal kit start-up Wowzabox has hit a £150k crowdfunding target as it eyes expanding into the retail channels
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NewsCity snapshot: Fever-Tree keeps on target as it gains market share
Fever-Tree has told investors it has continued to gain market share across key regions, ahead of its AGM later this morning
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NewsMedia Bites 6 June: B&M, McDonald’s, WH Smiths
An “elusive” trading update and lack of profit guidance unnerved B&M investors,
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NewsThe Chuckling Cheese Co hits £110k crowdfunding target
Speciality flavoured cheese supplier The Chuckling Cheese Co has raised a six figure sum to grow its brand
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NewsCrosstown Doughnuts agrees sale to Karali Snacks
Artisan doughnut brand Crosstown Doughnuts has secured new growth funding after being sold to Karali Snacks, an arm of former Burger King UK franchisee Karali Group
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NewsUK Fairtrade product sales generate £28m in premium for farmers
There are now almost 5,000 Fairtrade products available to buy in the UK
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NewsMüller snaps up Yew Tree Dairy in pivot towards dairy ingredients
The deal would allow Müller to grow its export business, the dairy giant said
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NewsPlanet Organic plots new stores as recovery makes progress
Renée Elliot revealed the plans in new filings published to Companies House this week
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NewsCity snapshot: B&M sales and profits rise on new store openings
B&M Bargains owner B&M Europan Value Retail saw an uplift in sales and profits last year, driven by volume growth and new store openings
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NewsMedia Bites 5 June: Asda, Tesco, Ocado
Asda is now the UK’s most expensive supermarket fuel seller, according to an analysis by the RAC motoring organisation
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NewsCity snapshot: mild recovery for retail sales in May as election looms
UK retail sales gained 0.7% in May as rising food sales continue to mitigate weakness in the non-food sector
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NewsMedia Bites 4 April: Marks & Spencer, Sainsbury’s. Getir
Marks and Spencer’s chief executive received the biggest pay package the retailer has awarded in a decade, taking home £4.7mn as the group continued to improve its fortunes