Finance news – Page 582
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NewsMedia Bites 8 July: M&S, ABF, Danone
The continuing troubles of Marks & Spencer in general merchandise dominate the headlines this morning after it reported a 8.9% like-for-like first quarter sales drop in the division.
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NewsButterkist owners selling up to cash in on popcorn boom
The private-equity owner of Butterkist is lining up a sale of the brand to capitalise on booming demand for popcorn…
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NewsDanone snaps up WhiteWave in $12.5bn deal for healthy future
Danone has agreed to buy US food group WhiteWave Foods for US$12.5bn in cash deal worth $56.25 a share.
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NewsPotato supplier Branston unveils new £1.7m production line
Potato supplier Branston has invested £1.7m in new facilities at its Scottish site
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NewsAnalysts call for Unilever 'Sprexit'
SocGen says business should sell up and exit struggling BSM category
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NewsM&S’ like for like food sales slip as general merchandise sales plunge
Retailer continues to struggle in its clothing and home division, which saw like for like sales plunge 8.9%
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NewsMedia Bites 7 July: Supermarket shares, Danone, Boots
“Supermarkets slump as fears of price war grow”, is the headline in The Times (£) this morning.
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NewsCo-op snaps up six My Local stores
My Local appointed administrators and closed 90 stores last week
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NewsBernard Matthews offloads German subsidiary to free up cash
Bernard Matthews has agreed to sell its German operations to Sprehe Gruppe to release cash for UK group
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NewsPureCircle grows profits but shares fall on future concerns
Stevia producer PureCircle is expecting profits to have jumped 60% in the past year as it strengthened margins and increased sales.
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NewsHilton Food Group eyes Portuguese joint venture
Hilton Food Group has signed an agreement with Portuguese food retailer Modelo Continente Hipermercados (Sonae) to supply retail packaged fresh meat into its stores.
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NewsBooker sales squeezed by tobacco display ban and falling food prices
Booker revenues were hit by the tobacco display ban and continued food price deflation during the first quarter with like-for-like sales falling 2.9%.
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NewsMedia Bites 6 July: Sainsbury's, Brexit, BHS
An update on the takeover of Argos owner Home Retail Group by Sainsbury’s yesterday picks up coverage in most papers this morning after the supermarket published a 188-page prospectus detailing how the merger would go ahead.
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NewsFood price deflation deepens in June
The latest BRC – Nielsen shop price index for June revealed that food prices were down 0.8% last month
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NewsSainsbury’s plays down impact of Brexit on Home Retail Group prospects
Brexit named as risk in deal prospectus, but Sainsbury’s confident can thrive in potentially ‘challenging’ environment
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NewsEuro 2016 exit bigger blow than Brexit says Tesco's Tarry
“For us it’s been business as usual since the vote” says chief product officer
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NewsFDF manifesto calls on government to end Brexit uncertainty
The six-point plan calls for assurances over the membership of the single market and freedom of movement
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NewsNFU outlines blueprint for post-Brexit farming sector
Launch of most comprehensive public consultation on farming policy in a generation
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NewsDekelOil completes West African palm oil deal
DekelOil Public (DKL) now owns 85.75% of CS DekelOil Siva
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NewsMedia Bites 5 July: Sainsbury's/Netto, Diageo, Bernard Matthews
Sainsbury’s decision to call time on its Netto joint venture is heavily covered in the papers this morning.