Finance news – Page 604
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NewsMedia Bites 22 March: Costa Coffee, Tesco, Pets at Home
Takeover and break-up talk swirl around Costa Coffee and Premier Inn owner Whitbread.
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NewsLily O’Brien’s finding life sweet in the UK
Irish chocolatier Lily O’Brien’s has taken a bigger bite out of the UK retail market with sales in the country jumping 30% in 2015.
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NewsStandard & Poor’s cuts Casino’s credit rating to junk
French hypermarket group Casino has lost its investment grade credit rating with Standard & Poor’s after its long term debt ratings were cut by one notch to BB+.
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NewsMPM Products eyes bigger share of global petfood market after £50m deal
Luxury petfood manufacturer MPM Products is set to accelerate international growth after selling a majority stake to ECI Partners for £50m.
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NewsPact Coffee pulls plug on £1m crowdfunding pitch
Pact Coffee has pulled the plug on its ambitious crowdfunding campaign to raise £1m as a result of weak investor interest
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NewsCargill to cut production at Hereford poultry plant
Cargill said it lost the Asda B&B business during a “competitive tendering process”
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NewsLindsey Pownall joins Tesco as non-executive director
Pownall stepped down as Samworth Brothers chief executive in December
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NewsMedia Bites 21 March: Sainsbury's, sugar tax, My Local, BHS, BAT
This weekend’s papers are dominated by Sainsbury’s coming out on top in the bid to buy Argos and the fallout from George Osborne’s controversial sugar tax, with soft drinks giants, led by Coke, preparing to sue the government. Plus My Local among bidders for 100 former Somerfield stores.
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NewsMPM Products seals £50m private equity deal
Premium petfood maker MPM Products has been snapped up by private equity firm ECI for about £50m
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NewsSainsbury’s makes improved £1.4bn bid for Argos owner Home Retail Group
Sainsbury’s has confirmed it has made a tweaked £1.4bn bid for Home Retail Group after its rival in the bidding battle pulled out of the race today.
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NewsSteinhoff pulls out of Home Retail bidding battle
South African retail group Steinhoff has decaled it has “no intention” of making a formal offer for Home Retail, leaving the coast clear for Sainsbury’s to take over the Argos owner.
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NewsMoy Park posts 1.4% full year sales growth on stronger volumes
Northern Irish Poultry producer has posted a 1.4% full year revenues increase in 2015 after 6.7% volume growth and strong trading in the UK.
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NewsCity News: Soft drinks producers up in arms
Osborne’s levy on high-sugar soft drinks caused an immediate sell-off of UK-listed beverage firms
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NewsFinsbury says living wage will hit lower-skilled workers
Increased capex spend at the listed bakery will go towards more value-added jobs
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NewsCity snapshot: ABF takeover talks with South Africa’s Illovo Sugar ongoing
Illovo said today talked remained ongoing but are still in the preliminary stage
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NewsMedia Bites 18 March: Sainsbury's/Argos, Sugar tax
Sainsbury’s is set to raise bid as the Argos takeover deadline approaches today.
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NewsAuthentic Food Company sales up following Heinz Dundalk deal
Sales at Authentic Food Company jumped 20% to close in on £50m following acquisition of frozen factory from Heinz…
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News2 Sisters warns over Brexit uncertainties
UK food giant 2 Sisters has warned of the “uncertainty” leaving the EU would place on the food sector.
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NewsBidvest Foodservice strengthens with Caterfood acquisition
Caterfood will remain under its current management and retain all staff
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NewsCity snapshot: Moy Park sees fourth quarter revenues rise 1.6%
Moy Park’s fourth quarter revenues rise 1.6% on improved UK volumes, but exports are hit