Finance news – Page 608
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NewsAB InBev agrees Chinese sale of SABMiller Snow Breweries joint venture
AB InBev has agreed to sell SABMiller’s stake in Chinese joint venture Snow Breweries for $1.6bn (£1.1bn) as it seeks to conclude the ‘megabrew’ merger
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NewsKitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
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NewsFood deflation returns as prices fall 0.4%
BRC renews call for government to address business rates concerns
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NewsMedia Bites 2 March: Amazon, Morrisons, short selling, Steinhoff, exports
It’s a quiet morning in the papers for retail news but the Amazon / Morrisons deal is still generating column inches.
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NewsPoundland boss Jim McCarthy set for retirement
Kevin O’Byrne has been appointed as the new Poundland CEO
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NewsFood ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
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NewsMcColl's to ramp up food to go offer after strong profit growth
The company’s food to go offer was “enhanced” in 148 stores during the year to 29 November 2015
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NewsMalton Foods acquires Simpsons pudding business
Malton Foods has snapped up the ambient pots, pouches and canned pudding business from troubled Simpsons Foods.
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NewsCandy Kittens scraps crowdfunding campaign for angel investor
The business closed its crowdfunding campaign on Seedrs early after receiving an offer for close to £300,000 from a high-net worth individual.
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NewsMoy Park invests in cooked chicken facilities at Craigavon
The poultry processor says new equipment will help it meet growing demand for ready to eat cooked chicken
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NewsBen Stimson to take over as Waitrose retail director
Stimson replaces Rob Collins, who becomes managing director on 4 April, taking over from Mark Price
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NewsPoundworld founder to leave company after more than 40 years
Former Tesco UK board member and COO Gerry Gray takes over as CEO from 7 March
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NewsFood and soft drinks prices fell 2.6% in January says Asda
UK families’ spending power continues to climb but rate of growth slows for fourth consecutive month
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NewsMedia Bites 1 March: Amazon, Morrisons, Ocado
It’s no surprise that the tie-up between Amazon and Morrisons gets blanket coverage in this morning’s papers.
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NewsGreggs to cut 355 jobs as part of £100m investment
The cuts come as the chain posts a second consecutive year of record profits and a 5.2% hike in total sales to £835.7m
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NewsCarrefour buys 36 Spanish hypermarkets from Eroski
Carrefour has extended its footprint in Spain after today announcing the purchase of 36 compact hypermarkets from the Eroski Group.
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NewsBrakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
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NewsBetter Food issues bonds to raise £350k for expansion
Organic food retailer Better Food launches five-year bond to raise the cash in return for 7% fixed annual interest and a 10% store discount card.
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NewsAndy Murray serves up cash for Oppo in crowdfunding investment
Tennis world number two Andy Murray has joined with the crowd for a second time to invest in another fmcg business.
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NewsMackie’s to reinvest in expansion
Luxury ice cream brand Mackie’s of Scotland is continuing to invest in growth after increasing sales and profits