Finance news – Page 567
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NewsCity snapshot: Fastest rise in food spending for a year
Expenditure on food rose by almost 5% last month, despite spending on eating out continuing to increase
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NewsMedia Bites 7 March: BHS, BCC, Brexit, Yeo Valley
Sir Philip Green in talks with owners of BHS about possible contribution to struggling chain’s pension deficit
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NewsPoundland shares drop in wake of Jim McCarthy announcement
Everything looked so rosy a year ago when Poundland announced it was set to swoop for high street rival 99p Stores
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NewsKitwave growth plans fuelled by Pricoa deal
Kitwave has completed a multimillion-pound refinancing deal to continue its consolidation
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NewsBrexit would push up food prices warns top economist
Food prices are likely to increase and exports could take a hit too in the aftermath event of Britain leaving the EU
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NewsShop vacancy rates down in second half of 2015
The fall in vacancies comes as a result of over 800 previously vacant units being reoccupied
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NewsMedia Bites 4 March: BHS, Sainsbury's, Costa Coffee
BHS’ threat to close 40 stores unless it can secure lower rents dominants the papers today.
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NewsAhold and Delhaize boosted by “strong” fourth quarters ahead of merger
European retailers Ahold and Delhaize have both posted improved in fourth quarter revenues ahead of their merger later this year.
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NewsNestlé hatches €60m plan to turn Baci Perugina into ‘S. Pellegrino of chocolate’
The confectioner is setting up a new business unit to turn Baci into a major global chocolate brand
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NewsYeo Valley bucks dairy trend with strong 2014/15 financials
The increase in sales was driven by “continuing growth” in production subsidiary Yeo Valley Farms
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NewsCity Snapshot: Total Produce sees double digit annual growth
Total Produce shares up after double-digit rises in revenues and profitability
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NewsMedia Bites 3 March: Poundland, Argos/Steinhoff, deflation
Poundland boss Jim McCarthy “ready to hand over bargain bucket”, write today’s papers.
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NewsProfits jump at Vimto owner Nichols on margin growth
Soft drinks group Nichols has posted an 8.9% hike in full-year pre-tax profit to £28m on flat revenue up just 0.1% at £109.3m.
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NewsAB InBev agrees Chinese sale of SABMiller Snow Breweries joint venture
AB InBev has agreed to sell SABMiller’s stake in Chinese joint venture Snow Breweries for $1.6bn (£1.1bn) as it seeks to conclude the ‘megabrew’ merger
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NewsKitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
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NewsFood deflation returns as prices fall 0.4%
BRC renews call for government to address business rates concerns
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NewsMedia Bites 2 March: Amazon, Morrisons, short selling, Steinhoff, exports
It’s a quiet morning in the papers for retail news but the Amazon / Morrisons deal is still generating column inches.
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NewsPoundland boss Jim McCarthy set for retirement
Kevin O’Byrne has been appointed as the new Poundland CEO
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NewsFood ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
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NewsMcColl's to ramp up food to go offer after strong profit growth
The company’s food to go offer was “enhanced” in 148 stores during the year to 29 November 2015