Finance news – Page 662
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NewsWilson’s rescue deal hands Kendal Mint Cake maker sweet reprieve
A 102-year-old chocolate maker and one of the original manufacturers of Kendal Mint Cake has been acquired out of administration, saving all 121 jobs.
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NewsMorrisons registers first sales growth since Christmas 2013
Morrisons was the only one of the big four retailers to see an increase in sales for the 12 weeks to 24 May 2015, according to the latest…
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NewsTobacco companies set to appeal after losing £8.2bn Quebec class action
The Canadian subsidiaries of three major tobacco giants have vowed to appeal a judgment in two class action lawsuits at the Quebec Superior Court yesterday.
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NewsCity Snapshot: LondonMetric purchases £26m convenience portfolio for five new M&S Food Halls
Property investment group LondonMetric buys five M&S Simply Food stores for £26m, BAT will appeal a fine imposed by the Canadian courts and Morrisons faces demotion from the FTSE 100.
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NewsMedia Bites 2 June: Morrisons, British American Tobacco, Kraft
Morrisons miserable week looks set to continue as it faces demotion from the FTSE 100; BAT will appeal the massive fine slapped on its Canadian subsidiary and the two companies which made up Kraft Foods have given the first detailed rebuttal of government charges that they manipulated the price of the grain.
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NewsBritish American Tobacco in €550m Central European acquisition
British American Tobacco busy year of acquisitions has continued with the purchase of Central European cigarette manufacturer TDR.
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NewsNomad Foods looks forward as Iglo deal completes
Nomad co-founder Noam Gottesman has said the completion of the €2.6bn acquisition of Birds Eye owner Iglo marks the start of ambitious investment group’s growth story.
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NewsHummus Bros plans supermarket launch following fundraising
The Mediterranean restaurant chain, which has been trading since 2005, already has four high street locations in London
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NewsCity Snapshot: Real Good Food focuses on growth after sugar disposal
Real Good Food this morning said it was focusing on the growth opportunities of its cake decoration, food ingredients and premium bakery businesses
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NewsMedia Bites 1 June: Morrisons, M&S, NHS
Morrisons new top team braces itself for attacks at its upcoming AGM from investors angry at the size of former CEO Dalton Philips’ pay packet.
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NewsPomeGreat founder departs after second collapse in two years
The administration comes just a month after the LGA named Pomegreat as having more sugar per 100ml than a can of Coke
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NewsApplegreen to fuel its expansion with stock market flotation
Irish forecourt operator Applegreen is planning to expand its presence in the UK convenience and food-to-go market
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NewsCostcutter investment is now paying off says Willson-Rymer
Costcutter’s recruitment pipeline “has never been stronger” CEO Darcy Willson-Rymer insists
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NewsB&M Bargains rollout proceeding 'full steam ahead'
A near-30% jump in revenues to £1.65bn in its maiden year as a listed company saw analysts lining up to praise B&M Bargains
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NewsCity snapshot: Consumer confidence ebbs in May
After a strong recent run, consumer confidence took a hit in May, according to research from GfK. Also Waitrose weekly sales edge up, while ABF shares surge this morning and all the rest of the news from the City.
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NewsMedia bites 29 May: Tesco, Amazon, B&M
The relationship between retailers and their suppliers is to be scrutinised in the wake of the Tesco accounting scandal.
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NewsLDC hungry for more food and drink investment from £1.2bn pot
Private equity house LDC has picked out the food and drink sector as a key area for investment after pledging £1.2bn of capital over three years to help accelerate growth among the UK’s mid-sized companies.
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NewsB&M aims for 60 new locations on back of huge profit rise
Maiden full-year results see pre-tax profit climb 55.5% from £86.7m to £135m and adjusted EBITDA up 33.6% from £130.4m to £174.2m
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NewsPaypoint profits up, promises new services for retailers
Payment services operator shows 7.7% increase in full-year pre-tax profit from £46m to £49.6m on net revenue up 8.3% from £113.7, to £123m
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NewsApplegreen looks to raise €70m in London and Dublin dual flotation
Petrol forecourt operator Applegreen has unveiled plans for the first Irish retail flotation since the onset of the recession.