Finance news – Page 614
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NewsFood prices rise in January
Food prices have risen for the first time in four months in January as seasonal lines come off promotion
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NewsPooch & Mutt secures bank funding to chase more growth
Premium petcare brand Pooch & Mutt has secured a five-figure bank funding package to keep up soaring demand for its natural, health-focused dog food, treats and supplements.
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NewsTacon charges Tesco £1m for code investigation
Adjudicator describes Tesco’s bill as a “significant sum”
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NewsMedia Bites 3 Feb: Sainsbury’s, Ocado, Casino, EasyFood
Sainsbury’s £1.3bn Argos offer hogs the limelight, overshadowing news of Ocado’s second year of profits
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NewsEagle Eye first-half revenues fall short of expectations
Eagle Eye Solutions sales up 30% in first half as it signs major contract with Sainsbury’s
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NewsOcado posts second annual profit but still waits for international deals
Ocado has posted its second consecutive annual profit after a year which saw retail sales rise by 14.7%
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NewsUK consumer confidence falls on terrorism & immigration fears
This marks the first fall since 2013, according to the Nielsen Global Survey of Consumer Confidence
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NewsTotal Produce buys stake in US firm Progressive Produce
Total Produce, the global fresh produce company, has acquired a 65% equity stake in Progressive Produce.
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NewsSainsbury's offers Home Retail £1.3bn in improved takeover bid
The bid is boosted by the £340m sale of the Homebase chain to Australia-based Westfarmers
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NewsMedia Bites 2 Feb: EasyJet, M&S, EasyFoodstore, Sainsbury's, Bargain Booze
EasyJet boss Dame Carolyn McCall breaks her silence about an approach to take charge of M&S. Plus the budget airline dips a toe into grocery with the launch of EasyFoodstore.
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NewsCity snapshot: Sainsbury's tables £1.3bn Home Retail offer
Plus Ocado revenues up 16.7% to £1.1bn and pre-tax profits jump 65.3% to £11.9m
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NewsSSP Group CEO Kate Swann receives maximum bonus to boost pay to £2.6m
Foodservice company SSP Group (SSPG) gave CEO Kate Swann her maximum annual bonus possible in its first full year as a listed company to take her pay to £2.6m.
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NewsBoots to axe up to 350 UK managerial jobs
Boots is proposing cuts to between 300 and 350 management roles in the UK as the high street chain continues its plans to simplify the business.
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NewsReal Good Food shares slump on profit warning
Shares in Real Good Food crash to lows not seen since April 2015 as the business warns its full-year profits would fall short of expectations.
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NewsMedia Bites 1 Feb: Sainsbury's/Home Retail, Tesco, Ocado
The big story in the papers is the upcoming deadline in Sainsbury’s pursuit of Home Retail Group, with the general consensus being that the supermarket needs to find more cash to get the deal done.
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NewsWhitworths profits up 58% but hit by Utting exit
Pre-tax profits were up by nearly 60% at dried fruits, nuts and seeds supplier Whitworths
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NewsAunt Bessie's owner posts solid results
The family-run owner of Aunt Bessie’s and Jackson’s Bakery, William Jackson & Son, has posted solid growth
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NewsMy Local sales lagging M Local levels by £25m admits Greene
Sales are currently £25m below the levels achieved when the stores were still owned by Morrisons
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NewsGudmundssons retake control of Bakkavor with hedge fund deal
The Gudmundsson brothers have retaken control of Bakkavor after striking a deal with US hedge fund The Baupost Group
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NewsCity snapshot: "Strong" Christmas trading at Conviviality
Overall revenues were up 38% to £252m in the 27 weeks to 1 November, with EBITDA up 43% to £6.5m