Finance news – Page 587
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NewsTesco to take 50 more stores into twilight zone
Tesco said 2,000 staff had entered a 45-day consultation period over the changes
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NewsScottish frozen meals delivery business acquired by Apetito
The owner of frozen meal delivery business Wiltshire Farm Foods has acquired one of the business’ largest franchisees WFF Crieff.
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NewsSteinhoff eyes Poundland bid
South African retail group Steinhoff has announced this morning it is considering making an offer for under-pressure UK discount retailer Poundland.
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NewsMy Local appoints KPMG to review options
It is understood the options KPMG has been asked to consider include placing My Local into administration
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NewsCity snapshot: Leaving the EU will hit UK retail sales by 6%, report warns
The report says UK retail sales will reach £396.3bn by 2020 from their current level of £345.4bn without Brexit
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NewsMedia Bites 15 June: My Local, Ocado, Sainsbury's
My Local faces an uncertain future after its owners called in emergency help to try to save the business
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NewsBrexit could cost UK retailers £24bn by 2020
The economic shock caused by Brexit could drive UK retail sales 6% lower by 2020, according to a new report published today by the Economist Intelligence Unit.
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NewsGlendale Foods rises from the flames to hit record heights
Glendale Foods has increased sales more than 40% to record levels after it fully restored the factory following a “devastating” fire in 2012.
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NewsDanone ups 2016 guidance as cost efficiencies bite
Danone has upgraded its full-year profits expectations after seeing faster than expected benefits from cost efficiencies and progress in its European dairy business.
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NewsUK black market cigarette consumption rising says KPMG
During 2015, black market cigarette consumption increased by over 6% to reach 6.7 billion
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NewsMedia Bites 14 June: Asda, BHS
The end of Andy Clarke’s six-year reign at Asda gains plenty of column inches across the papers
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NewsOcado shares plummet on Amazon Fresh fears
The online grocer’s share price have plunged 6.6% this morning to 209.5p
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NewsBath Ales falls to a loss despite frothy sales
Bath Ales has fallen into the red despite revenues increasing 7% to £15.6m, with strong demand for bottles of its flagship Gem amber ale at the supermarkets helping fuel growth.
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NewsNew warehouses drive sales growth at Costco UK
Costco’s UK sales rose by 7.9% to almost £2bn in its last financial year as new warehouse openings underpinned its wider growth.
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NewsIcelandic Seachill jobs in jeopardy after losing M&S contract
Seafood processor had been supplying M&S for 30 years
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NewsAsda CEO Andy Clarke to step down in July
Walmart has confirmed Andy Clarke will step down from his post as CEO and president of Asda next month, with Walmart China boss Sean Clarke taking over
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NewsRise in high street numbers drives UK footfall increase
Footfall in May was 0.3% up on a year ago after a significant upturn in shoppers on the high street
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NewsMedia Bites 13 June: Asda, Poundland, Amazon Fresh
Walmart is preparing to name the head of its Chinese operations as the new boss of Asda, Sky News has reported following up The Grocer’s article last week.
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NewsAnthony Francheterre appointed CEO at Tangerine Confectionery
His appointment follows the death of previous CEO Benoit Testard in February
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NewsUK toilet tissue manufacturer Accrol successfully floats on AIM
Blackburn-based toilet tissue manufacturer Accrol began trading on London’s AIM market today after raising £63.5m from institutional investors.