Finance news – Page 656
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NewsTesco hands new UK CEO Matt Davies £3.6m of share options
Tesco has announced it has given new UK and Ireland CEO Matt Davies £3.6m of nil-cost share options to vest over the next three years
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NewsShop closures slow as economy turns the corner - Deloitte
Retail administrations have slowed dramatically in the first half of 2015 as the economy stabilises, according to research from Deloitte.
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NewsMarks & Spencer fails to sustain fourth quarter sales momentum
Marks & Spencer’s first quarter trading has met the City’s modest expectations, but its overall like-for-like sales growth fell back to zero after a 0.7% rise in the fourth quarter.
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NewsMcBride sees constant currency sales growth despite UK cost-cutting
Household products manufacturer McBride has achieved a small rise in annual constant currency sales despite falling revenues in the UK.
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NewsCity Snapshot: M&S food sales rise as clothing division falls behind again
Sales of food at Marks & Spencer climbed in the first quarter but its general merchandise division registered a like-for-like decline in a tough first quarter. Plus McBride updates the market ahead of full-year results and Crawshaw Group searches for a full-time CFO.
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NewsMedia Bites 7 July: Sunday trading, Weight Watchers, Sainsbury's
The papers are full of stories about the Chancellor’s plan to give local authorities the power to control Sunday trading laws
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NewsUrban centres worth £568bn to UK economy, report claims
The report also found towns and cities were home to nearly one in three jobs throughout the UK, and were home to one in four of all companies
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NewsMedia Bites 6 July: M&S, Sainsbury's, Premier Foods
Marks & Spencer’s Q1 results tomorrow get plenty of coverage, while M&S and Sainsbury’s face difficult questions at their respective AGMs.
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NewsCity snapshot: PureCircle bullish over sales but warns on margins
PureCircle, the world’s largest producer of Stevia, has predicted a 26% rise in full year revenues, but warned over tightening margins.
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NewsEdrington hit by Brugal rum sales struggle
The spirits group behind Macallan and Famous Grouse has been hit by a £239m writedown for its Brugal rum brand
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NewsM&A activity set to halve number of major EU grocers
The European grocery sector is set for dramatic consolidation over the next decade…
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NewsOcado's interims prompt 7.5% hike in shares
Investors rallied behind Ocado following the online grocer’s interims on Tuesday, driving the shares up 7.5% to 468p
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NewsGreene King revenues buoyed by 'fantastic' off-trade growth
Greene King boss Rooney Anand has credited booming sales of bottled ale with helping the company hit £1bn in retail sales…
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NewsCity Snapshot: Premier Foods to boost Mr Kipling production with £20m investment
Premier Foods will unveil a new £20m production line at its Mr Kipling bakery in Barnsley later today to double capacity of its Snack Pack cake slices. Plus Waitrose sees promise in new ‘Pick Your Own’ scheme following latest weekly numbers and spirits group Distil has good start to new financial year.
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NewsMedia Bites 3 July: Lidl, price war, Pep & Co
Lidl and sister chain Kaufland have received almost $900m (£576m) in public development funding over the past decade, the cost of a basket of groceries grow for first time in six months and Andy Bond reveals Pep & Co ambitions.
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NewsCalais travel chaos causing major losses for transporters
The Freight Transport Association (FTA) said just one day’s delay hit freight operators with extra running costs of £5.5m
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NewsCity snapshot: “Mixed” first quarter trading at C&C Group
Magners owner C&C Group has reported “mixed trading conditions” in the first quarter in a update ahead of its AGM today.
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NewsMedia bites 2 July: Diageo, John Lewis, Greene King
The papers cover Diageo’s decision to sell its Gleneagles hotel to concentrate on core businesses this morning.
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NewsMySupermarket expands into French market
Move into France is part of a wider strategy to provide brands and retailers with a better global overview of grocery trends
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NewsCity snapshot: Greene King buoyed by Old Speckled Hen growth
Greene King (GNK) has seen annual retail revenues exceed £1bn for the first time as group revenue increased 5% to £1.3bn in the year to 3 May