Finance news – Page 6
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NewsEleventh-hour bid to stop Brazilian meat giant JBS’s Wall Street listing
Campaigners have told the New York Stock Exchange board that the public listing of meat giant JBS listing risked violating US laws
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NewsTesco boss Ken Murphy admits rivals have ‘upped their game’ in supermarket price war
Tesco’s sales hit £12.3bn in the quarter as its market share climbed to 28% in the latest Kantar results.
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NewsPoundland owner Pepco completes sale of struggling retailer for nominal sum
Poundland MD Barry Williams will continue to lead the business under the new ownership of the retail-focused investment firm Gordon Brothers
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NewsTesco wins more market share as Finest range goes from ‘strength to strength’
The rise in sales beat City expectations, with Tesco highlighting a strong performance from its premium Finest range
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NewsVK and Hooch owner Global Brands suffers sales hangover from introduction of lower abv for its alcopops
Global Brands reduced the abv of its alcopops so it could pay a lower tax rate
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NewsPoundland sale ‘cast into doubt by unpaid business rates’
Poundland is said to have been hit with a series of court claims over the unpaid tax bills
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NewsEvri-DHL merger faces CMA scrutiny
The deal, announced in mid-May, would see Evri acquire DHL’s ecommerce wing in exchange for a minority stake in its own shares
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NewsTesco to focus its Accelerator Programme on health and wellbeing
Tesco said the scheme will be re-focused to champion innovative brands that will tackle some of those key demands
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NewsPoundland owner readying to stump up tens of millions to secure sale
Pepco Group is expected to contribute an eight-figure sum to finance Poundland’s ongoing operations as part of a deal with Gordon Brothers, it has been reported
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NewsFormer health tsar Dimbleby teams up to help find talent in Future of Food Competition
This year the competition has announced a new strategic partnership with Bramble Partners
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NewsMedia Bites 11 June: M&S, imported meat, EG Group, Poundland
The resumption of online orders at M&S receives plenty of coverage in the media. For example the FT notes it will take ‘weeks’ to restore some online services as fashion ranges return
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NewsLarge food manufacturers at their most confident in a decade, says BDO survey
BDO surveyed 100 UK food and drink manufacturers with a turnover of between £10m and £300m
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NewsKeystone Brewing Group backed with fresh investment to reach £100m revenue goal
Keystone has generated circa £20m in revenue in the past 12 months
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NewsRoyal Challengers Bengaluru sale reports ‘speculative in nature’, Diageo insists
Diageo’s Indian unit insisted it was ‘not pursuing any such discussions’
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NewsMedia Bites 10 June: consumer spending, spending review nerves, e-cig flop
Today’s food and drink headlines are dominated by the doom and gloom of new figures showing families are cutting back on spending in the shops in their droves
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NewsBrits put brakes on spending as retail growth slows
Food was the main driver of growth, supported by a run of bank holidays and seasonal events including football tournaments
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NewsMash Direct back in the black after ‘reset with purpose’
Mash Direct grew sales to just under £24m in the 10-month period to 31 December 2024, according to its latest accounts
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NewsHarrods appoints new CFO as turnaround continues
The new CFO replaces Tim Parker, who left Harrods in May
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NewsPopeyes UK secures £43m finance facilities to support growth plans
Popeyes plans to open 45 new restaurants this year and expects to create around 2,500 jobs
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NewsCaffeinated candy startup Ruly raises £500k for UK retail rollout
Each 42g pack of Ruly sweets contains 80mg of caffeine, alongside guarana and B vitamins