Finance news – Page 640
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NewsMajestic Wine appoints DIY specialist as MD
Majestic Wine has appointed a new managing director to head up the Majestic store network, The Grocer has learned
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NewsNisa wins £250m Ramsden International contract deal
Nisa has secured a new five-year contract to supply Ramsden International worth £250m…
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NewsPoundland shares drop on news of falling like-for-likes
Poundland shares plummeted on Thursday morning after it revealed its own like-for-like sales were falling
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NewsCity snapshot: Waitrose sees weekly sales fall
Sales dropped to £120.8m and including petrol this represented a 0.3% fall
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NewsMedia Bites 25 Sep: Poundland, Living wage, Imperial Tobacco
“Poundland rocked by costs as it blames store openings for profit warning”, writes the Daily Mail this morning.
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NewsLactalis Nestlé joint venture makes loss
The yoghurt-focused joint venture between Lactalis and Nestlé has slipped into the red in the UK…
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NewsPoundland shares plummet as it seeks £50m for 99p Stores deal
Poundland shares plummeted to a record low after it confirmed its intention this morning [Thursday] to raise £50m through a share placing to help fund the £55m acquisition of 99p Stores.
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News'Convenience store investment falling' ahead of NLW
The ACS is warning investment is down 35% over the past three months
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NewsCity snapshot: Poundland confirms £50m share placing to fund 99p Stores acquisition
Poundland has confirmed its intention to raise £50m through a share placing to help fund the £55p takeover of rival 99p Stores
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NewsMedia Bites 24 Sep: Convenience stores, Tesco, Diageo
Owners of convenience stores across the country are mothballing large capital expenditure projects as they fear the financial impact of the national living wage proposals, according to The Times.
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NewsReal Good Food's shares drop on early year revenue fall
Real Good Food’s share price dropped by 3.8% to its lowest level since mid July after updating the market on its falling early year like-for-like sales this morning.
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NewsDiageo volumes improve but volatile currency markets bite
Shares in drinks giant Diageo have risen as CEO Ivan Menezes reassured the market of the group’s impending recovery. The boost to the stock came despite Menezes warning operating profits would take a £150m hit because of volatile currency markets.
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NewsYoung's to keep open two under-threat Scottish sites, saving 250 jobs
The processor had considered closing the sites after losing a Sainsbury’s salmon contract
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NewsDisposable income up £18 a week, says Asda Income Tracker
Asda CEO Andy Clarke said the strengthening economy was to thank for the boost
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NewsCity snapshot: Diageo set for £150m currency hangover
Diageo boss Ivan Menezes has warned this morning that £150m will be wiped off this year’s operating profits as a result of exchange rate movements.
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NewsMedia Bites 23 September: WH Smith, Kantar Worldpanel, AG Barr
Kantar Worldpanel’s most recent grocery market share figures, Irn-Bru maker AG Barr’s sales falling flat and WH Smith ended its ‘rip-off’ hospital shop prices all feature prominently in today’s papers.
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News2 Sisters announces £55m ready meals factory revamp
2 Sisters Food Group is to invest £55m to boost its growing ready meals division, including the complete reconstruction of its Pennine Foods factory in Sheffield.
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NewsGeneral Mills improves profits despite sales slip
Profits at General Mills leapt 23.6% to $426.6m in its first quarter despite overall revenues slipping slightly as the US food group improved pricing and focused on margin expansion efforts.
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NewsIrn-Bru maker’s stock plummets as sales disappoint
Shares at AG Barr have slid 5.4% so far today to a 35-month low after disappointing sales in the first half hit by mixed British weather and price deflation in the soft drink market. Analysts trimmed their full-year forecasts for the Irn-Bru owner but expected growth to return in the long term.
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NewsSainsbury's grows sales again as Tesco market share continues to fall
The German discounters, Aldi and Lidl, reported sales growth of 17.3% and 16% over the period