Finance news – Page 579
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NewsElmgrove Foods eyes further growth following profit surge
The company reported turnover of £32.4m in the year to 31 March 2015…
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NewsMedia Bites 11 Jan: Asahi, Sainbury's, Netto, Christmas trading
Asahi is reportedly planning a £2.4bn bid for Grolsch and Peroni and the shock takover approach by Sainsbury’s for Home Retail continues to gain column inches.
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NewsAsda to invest another £500m in price war
Asda has committed another £500m to fight the price war as CEO Andy Clarke predicts 2016 will be another year of “intense pressure” for supermarkets.
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NewsPayPoint sells online business to Capita for £14m
The business, which comprises of PayPoint.net and Metacharge, serves around 200 high-profile enterprise brands and 3,500 SMEs
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NewsBorder Biscuits to expand production with funding win
Border Biscuits has secured a seven-figure bank funding package as it aims to take a bigger bite out of the baked goods market in the UK.
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NewsWest Cornwall Pasty Co completes stage one of turnaround
Danny Mills-backed The West Cornwall Pasty Co has started on its turnaround with losses narrowing thanks to a repositioning of the brand.
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NewsBob Martin expands European footprint with Nestlé deal
Family-run pet healthcare brand Bob Martin has completed the acquisition of a pet care business from Nestlé to open up three new European markets.
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NewsSainsbury's bid for Home Retail Group baffles analysts
Sainsbury’s shock move for Argos and Homebase owner Home Retail Group left analysts scratching their heads
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NewsSteve 'Trader Rowe' hailed as ideal CEO for Marks & Spencer
Marc Bolland’s heir apparent at M&S is hailed as ‘incredibly effective trader’
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NewsCook notches up record sales & profits in 'decent' year
Frozen ready meal specialist Cook Trading has generated record sales and profits
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NewsGlendale Foods taken over by its management team
Food manufacturer Glendale Foods has been taken over by its management team in a partial shareholder buyout
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NewsMedia Bites 8 Jan: M&S, Sainsbury's, Majestic Wine, Poundland
Unsurprisingly, the papers are dominated by news of the departure of M&S CEO Marc Bolland, examining his legacy, the challenges facing new boss Steve Rowe and mulling over the dire Christmas figures.
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NewsCity snapshot: Nichols sales slide in UK as war on sugar intensifies
Sales in the UK at Vimto maker Nichols has slipped as the soft drinks market continues to prove challenging
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NewsSouthern Co-operative hails 'best Christmas in years'
Like-for-like sales across convenience stores were up 4.7% in the three weeks to 3 January
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NewsMajestic Wine shares soar as new strategy pays off
CEO Rowan Gormley described the results as “encouraging” but “too early to call it a trend”
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NewsPoundland shares plunge to record lows
Poundland shares have plunged to an all-time low as it warned profits for the year would be at the low end of expectations.
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News'Trader' Rowe to replace Bolland at M&S: what the analysts say
Here’s what industry experts have to say about M&S’s dramatic announcement
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NewsCity snapshot: M&S CEO Marc Bolland steps down amid strong Christmas food sales but weak GM
Marks and Spencer has announced this morning that Marc Bolland will step down as CEO after six years in the role
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NewsMedia Bites 7 Jan: Sainsbury's/Home Retail, John Lewis/Waitrose
The fallout from Sainsbury’s bid for Home Retail Group continues in the papers this morning.
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NewsSteve Rowe to replace Marc Bolland as M&S CEO in April
Marks and Spencer announce that Marc Bolland wishes to retire as CEO in 2016