Finance news – Page 570
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NewsMedia Bites 23 Feb: Sainsbury's/Home Retail, ABF, Brakes
Sainsbury’s has been given until 18 March to consider whether it will return with a new bid for Home Retail Group,
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NewsAssociated British Foods nudges up guidance on weakening pound
Associated British Foods expects its performance for the year to 27 February to be marginally better than previously indicated given the recent weakening of the pound.
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NewsOppo frozen out by Dragons
Oppo ice cream has walked away empty handed from Dragons’ Den after the five potential investors raised questions over the brand’s taste and profitability.
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NewsMedia Bites 22 Feb: Sainsbury's, Argos, Steinhoff, Brexit
A date has finally been set for the EU referendum, but the story dominating the business pages this weekend was the last-minute bid for Argos from furniture retailer Steinhoff.
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NewsCity snapshot: Sainsbury’s Argos bid under pressure from rival Steinhoff offer
South African furniture retailer Steinhoff table a surprise 175p bid for Argos owner Home Retail Group
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NewsAsda to 'move fast' on biggest-ever range overhaul
The supermarket announces Q4 like-for-likes down 5.8% and yearly sales down 4.7%
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NewsNational living wage 'will hike prices and hasten automation'
More than a quarter of food and drink manufacturers will be forced to increase prices by NLW says BDO
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NewsCity snapshot: Coca-Cola HBC beats earnings expectations on margin expansion
Coca-Cola HBC shares on the up as it beats expectations, plus The Grocer has stories on Kraft Heinz and Propercorn and Tesco bid rumour drives Morrisons share price boost.
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NewsMedia Bites 19 Feb: Asda, Wal-Mart, Morrisons
This morning’s papers are full of Asda’s ”worst sales falls in its history”
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NewsPropercorn on course to get its first taste of outside investment
Fast-growing popcorn brand Propercorn is close to securing its first injection of external cash since launching four years ago.
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NewsKraft Heinz in pole position to take back Philadelphia
Kraft Heinz is in pole position to take back full control of Philadelphia as Mondelez readies a $3bn (£2.1bn) sale of its grocery and cheese division.
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NewsNestlé shares fall on lower than expected growth
Nestlé shares dropped by almost 4% today after missing its full-year growth target and reporting a significant fall in profitability.
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NewsTreasury Wine profits rise on Asian demand
Treasury Wine Estates has doubled profits in the first half of its 2016 financial year on the back of soaring sales in Asia.
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NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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NewsMedia Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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NewsRetail leaders slam government for business rates "bragging"
BRC warns 40,000 high streets stores will close by 2020 without rates reduction
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NewsL’Oréal sees ecommerce sales soar by 62.5%
The health and beauty group has ramped up investment in digital content, particularly apps
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NewsGary Mills leads stores management restructure at Morrisons
Morrisons reshuffle promotes more women to senior roles, including Vicki Reay (pictured)
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NewsHancocks Cash & Carry joins Today's Group
Hancocks will look to harness Today’s Group’s greater buying power