Finance news – Page 646
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NewsThree bidders vie for Tesco's South Korean arm
Bidders include Affinity Equity Partners and KKR & Co, Carlyle Group, and MBK Partners
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NewsCMA clears Poundland/99p Stores deal: What the analysts say
Reaction to this morning’s CMA approval of Poundland’s long-expected acquisition of 99p Stores
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NewsCity snapshot: Poundland takeover of 99p Stores gets green light
Poundland’s £55m takeover of rival discounter 99p Stores has been provisionally cleared by the competition watchdog after facing in-depth scrutiny over the past few months.
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NewsMedia Bites 25 August: Black Monday, Asda Income Tracker, Monsanto
The business sections of today’s papers are dominated by coverage of values on stock markets round the world plunging on ‘Black Monday’
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NewsStock Spirits aims to treble UK revenues
European drinks group Stock Spirits has set its sights on trebling sales in the UK over the next two years after trading difficulties in Poland led to sales and profits plunging in its first half.
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NewsAsda says families enjoyed 10% more disposable income in July
Families had almost 10% more to spend in July compared to last year, according to the Asda Income Tracker.
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NewsCity snapshot: Naked Wines launches 'text for wine' service
Online crowd funded retailer Naked Wines continues to seek a boost in the fortunes of new owner Majestic Wine
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NewsMedia Bites 24 August: Tesco, BHS, Amazon Fresh
Tesco now looks set to lose out on the sale of its Korean business as well thanks to a slide in the local currency
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NewsM Local: Mike Greene 'bullish' he can boost c-store chain
Convenience retail veteran Mike Greene is set to form a new convenience chain…
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NewsTesco Project Reset: you ain't seen nothing yet experts warn
Cereals, coffee, tea and tinned meats are among those hardest hit by the consolidation so far
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NewsWH Smith shrugs off VAT row to upgrade earnings forecast
WH Smith has shrugged off the ongoing row about allegations that retailers are pocketing VAT savings
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NewsCity snapshot: Bake Off helps weekly Waitrose sales climb 3.1%
Waitrose has said the return of The Great British Bake Off has helped its sales, excluding petrol, rise by 3.1% in the week to 15 August.
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NewsMedia bites 21 Aug: WH Smith, Co-op Bank, Ahold
WH Smith will continue to claim back VAT refunds from passenger purchases at its airport shops.
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NewsC-store chain McColl's renegotiates £100m credit facility
Convenience specialist McColl’s has secured a £100m refinancing package to enable it to increase the rate of its post-IPO expansion.
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NewsWH Smith ignores VAT furore as it beats profit forecasts
Shares in WH Smith fell 1.3% today after the retailer avoided any mention of the ongoing row over alleged pocketing of VAT savings at airports.
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NewsBritish American Tobacco agrees deal for Brazil’s Souza Cruz
British American Tobacco is set to take full control of Brazilian tobacco firm Souza Cruz after agreeing a deal with major shareholder Aberdeen Asset Management.
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NewsJW Filshill grows pre-tax profits by 62.5% to £1.3m
Wholesaler JW Filshill increased its pre-tax profits by 62.5% to £1.3m despite a 4.4% fall in sales.
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NewsGlanbia profits report double-digit growth
Nutrition group’s pre-tax profit before exceptionals up 23.5% to €125.5m (£89.1m)
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NewsCity snapshot: WH Smith trading ahead of expectations
WH Smith (SMWH) has said its full-year earnings will beat analysts’ expectations thanks to strong trading from its travel stores and better performance on the high street.
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NewsMedia bites 20 Aug: Morrisons, Carlsberg, Kirin
Morrisons is facing a bill worth tens of millions of pounds to offload its struggling convenience store business, according to reports today.