Finance news – Page 661
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NewsDiageo shares soar on takeover talk
Shares in Guiness-maker Diageo jumped up 6.8% in morning trading today after Brazilian reports suggested 3G Capital was eyeing a bid of the company.
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NewsHambledon Vineyard raises £3.5m in mini-bond scheme
One of England’s oldest vineyards has raised £3.5m in a crowdfunding scheme to help expand its output and build up stocks.
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NewsCrawshaw buying director retires after 25 years
Independent butcher Crawshaw Group is searching for a new buying director after Colin Crawshaw stepped down from the board.
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NewsProfits slump at Interbev despite double-digit sales growth
Interbev saw its profits plunge nearly 70% last year in what owner Stephen Brogan said was “easily the toughest of our seven years in business”.
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NewsMotor Fuel Group bought by Clayton, Dubilier & Rice for £500m
Motor Fuel Group, the UK’s second largest independent petrol and convenience retailer, has been sold by Patron Capital
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NewsCity Snapshot: Morrisons fires latest salvo in price war
David Potts has revealed his first round of price cuts since taking charge, slashing the prices on 200 “everyday items”
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NewsMedia Bites 8 June: Morrisons, Sainsbury’s, Tesco
Things aren’t looking any easier for Britain’s big supermarkets this week as Tesco admits it is likely to have breached the industry code of practice in dealing with suppliers, Sainsbury’s is expected to reveal sales have dropped again and Morrisons ramps up the price war with cuts to 200 items.
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NewsHeckstall & Smith butcher's shop crowdfunding targets £130,000
A crowdfunding campaign has been launched to raise £130,000 to open a traditional butcher’s shop…
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NewsPoundshop.com bids to treble range with crowdsourcing cash
The online discount site, set up in early 2014 by Poundland founder Steve Smith, is selling 8% equity on Crowdcube, valuing the business at £2.2m
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NewsMorrisons just stays in FTSE 100 following share price surge
A mid-week share price surge was triggered by signs its trading performance is finally improving
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NewsDescheemaeker outlines plans as Nomad Foods eyes Findus Group
In his first week in the job, Nomad Foods boss Stéfan Descheemaeker has entered talks to snap up Findus Group…
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NewsCity Snapshot: Waitrose sales rise during half-term week
Waitrose has increased its weekly sales 1.1% to £121.1m despite tough comparatives and continued food price deflation. Plus Morrisons shares down more than 2% so far, making it the FTSE 100’s biggest faller.
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NewsMedia Bites 5 June: Morrisons, M&S, Sainsbury's
This morning’s papers are dominated by news of bonuses paid to the bosses at Britain’s biggest retailers, as Morrisons suffers shareholders revolt and M&S and Sainsbury’s reveal details of top pay packages.
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NewsCity snapshop: Morrisons survives FTSE 100 chop
Morrisons has avoided an embarrassing ejection from the FTSE 100 after two days of strong share price rises was enough to keep it in the prestigious…
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NewsMedia bites: Nomad/Findus, Morrisons, John Lewis
If Nomad’s deal with Findus goes ahead it would “spawn a seafood leviathan with a fish finger in every ocean pie”
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NewsRegulatory green light for Pork Farms acquisition of Kerry Foods’ pastry business
The Competition & Markets Authority has announced this afternoon it has cleared the acquisition by Pork Farms Caspian of the chilled savoury pastry business of Kerry Foods.
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NewsNomad in early stage talks with Findus Group
Nomad Foods has confirmed it is in talks to net Findus Group as it continues its efforts to create a food and drinks giant.
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NewsCity snapshot: WH Smith shares up on strong travel sales
Sales at WH Smith were 1% up on a like-for-like basis in the 13 weeks to 30 May as its travel business continues to show strong growth.
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NewsMedia bites 3 June: Morrisons, Tesco, Pernod Ricard
There’s plenty of coverage of Kantar Worldpanel’s latest supermarket market share figures, with Morrisons somewhat surprise sales rise being the focus of attention.
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NewsCargill completes Zamanita acquisition from Zambeef
Cargill has completed the acquisition of Zamanita, the soybean crushing and oil refining subsidiary of UK-listed Zambeef.