Finance news – Page 595
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NewsMedia Bites 6 May: Morrisons, Hotel Chocolat, BHS, Reckitt Benckiser
Morrisons first quarter results and the successful float at Hotel Chocolat are the two main focus on the retail beat this morning, as well as the ever-ubiquitous BHS.
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NewsCity snapshot: Deflation at big four falls back to record levels
Supermarket prices have fallen back to their record level of -2.9% across the big four
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NewsLakeland Dairies acquires Fane Valley dairy division
Cross-border deal replaces earlier joint venture plan
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NewsHotel Chocolat proves hit with investors in £167m float
Hotel Chocolat has completed its flotation on London’s AIM exchange with investors flocking to the luxury chocolatier and pushing the valuation past the £150m forecasts.
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NewsSausage supplier Finnebrogue aims to hit £100m sales
The company has built a new 160,000 sq ft sausage processing plant
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NewsMorrisons’ first quarter like-for-likes up 0.7%
Morrisons records second consecutive quarter of like-for-like sales growth
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NewsMedia Bites 5 May: Sainsbury's, BHS, ABInBev
Sainsbury’s warns it expects the market to remain competitive for the “foreseeable future”.
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NewsCigarette makers blast EU Court of Justice over tobacco directive
Philip Morris International, British American Tobacco and Imperial Brands had challenged legislation
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NewsThe Co-operative Group sales rise 3% but Lidl remains fastest grower
Total supermarket volumes were up 1% in line with population growth
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NewsHalewood adds Liverpool Gin to spirits portfolio
The acquisition forms part of the company’s “continued expansion plans”
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NewsSainsbury’s results: what the analysts say
Sainsbury’s has returned to profit but underlying profits fell 13.8% amid a “competitive” market
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NewsMedia Bites 4 May: BHS, Reckitt Benckiser, Amazon
The Government has taken the rare move of fast-tracking a full investigation into BHS’s former directors as Sir Philip Green yesterday agreed to appear before MPs.
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NewsSainsbury’s posts 13.8% drop in underlying profit
Sainsbury’s has returned to profit after posting a £72m loss last year but underlying profits fell by 13.8%
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NewsCo-op sells 36 former Somerfield stores to Food Retailer Group
Stores will transfer to Booker-owned Budgens without job losses
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NewsDrought drives spike in coconut oil prices
Coconut oil prices have risen sharply in 2016 and remain high month on month
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NewsConviviality to buy alcohol wholesaler Bibendum
Conviviality swoops for Bidendum in £60m deal and announces a £32m share placement
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NewsMedia Bites 3 May: Reckitt Benckiser, Sainsbury's, BHS
Reckitt Benckiser faces a major headache this week as investors line up a big protest against the £23m pay package prepared for its chief executive Rakesh Kapoor
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NewsElizabeth Shaw bought by Polish confectionery firm Colian Holding
Historic British chocolatier Elizabeth Shaw has been acquired by Polish confectionery group Colian Holding.
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NewsAnja van Bergen joins Nomad Foods to support acquisitions
Van Bergen joined this month from Dutch-based global animal nutrition and fish feed giant Nutreco
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NewsTesco shares hit as JP Morgan Cazenove rubbishes progress
Tesco was the FTSE 100’s biggest faller on Wednesday, dropping 4.7% to 174.8p – its lowest level for two months