Finance news – Page 666
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NewsMedia bites 8 May: Morrisons, SABMiller, Ocado
The new chief executive of Wm Morrison has pledged to listen to the supermarket chain’s customers and staff
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NewsCity snapshot: Shares jump on surprise election result
The FTSE 100 index has surged by 2% in early trading after the British electorate has seemingly returned a majority Conservative government
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NewsLarge bread loaves 15p cheaper due to supermarket price wars
Supermarket price wars have sliced 15p off the average price of a loaf of bread in the past 12 months…
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NewsMedia Bites 7 May: Sainsbury's, Imperial Tobacco, Poundland
The papers have seized upon CEO Mike Coupe’s contention that the growth of the discounters Aldi and Lidl is slowing down.
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NewsCity Snapshot: Morrisons sales fall 2.9% in first quarter
Morrisons like-for-like sales fall of 2.9% beat expectations of a 3-3.5% drop, but its shares have opened down. Also Reckitt Benkiser prepares for AGM, the market reacts to Sainsbury’s full-year results and all the rest of the news from the City.
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NewsImperial Tobacco sees benefits of savings
The company’s cost optimisation programme is on track to deliver further incremental savings of £85m in the full year
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NewsFinsbury Food Group rescues Johnstone’s Just Desserts from administration
Finsbury Food Group is back on the acquisition trail after agreeing to rescue Johnstone’s Just Desserts from administration.
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Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.
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NewsMedia bites 6 May: Sainsbury's, Tesco, M&S
sainsThe media examines Sainsbury’s first annual loss for a decade and the latest board departures at Tesco.
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NewsCity snapshot: Sainsbury's falls to first loss in a decade
Sainsbury’s (SBRY) has recorded its first annual loss in a decade after property writedowns and other one-off charges took their toll. Plus Poundland presses ahead with 99p Stores bid, Finsbury Food Group acquires Johnstone’s Just Desserts and all the latest from the City.
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NewsMetro Group’s sales rise 2.5% in second quarter but losses widen
German supermarket Metro Group has reported growing sales in its second quarter, but the negative impact of currency movement helped its losses expand to €394m during the period.
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NewsCity snapshot: Tesco knocks back £4bn approach for South Korean arm
Tesco has knocked back a £4bn for its South Korean business, according to weekend reports.
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NewsMedia Bites 5 May: Sainsbury's, Morrisons, Diageo
With Sainsbury’s full year results this week and Morrisons Q1 trading figures, there are plenty of predictions of doom in the papers.
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NewsPrice war set to drive M&A consolidation, warns Grant Thornton
UK M&A volumes held up in the first quarter of 2015, but deal values were significantly down as small-scale consolidation dominated the market.
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NewsMr Sherick's hits Crowdcube target after upping equity offer
The premium milkshake brand, founded by ex-M&S buyer Andrew Sherick, initially offered 16.97% for £250k via the Crowdcube funding platform, valuing the business at £1.47m
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NewsBirds Eye sales slump as Nomad steps in
Newly filed accounts at Companies House for the UK business revealed pre-tax profits plunged more than £20m (26%) to £62.7m on sales down 4.6% to £446.3m in 2014
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NewsMedia bites 1 May: EU redundancy ruling, Mike Coupe, John Menzies
A number of papers cover the failure of workers at collapsed retailers Woolworths and Ethel Austain to win compensation.
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NewsCity snapshot: Waitrose sees first quarter sales growth of 0.9%
The fall of Easter in 2014 continues to distort Waitrose’s weekly sales figures, with sales for the week to 25 April up 9.5% year-on-year
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NewsChicken and beef at forefront of fresh/chilled price deflation
Data from mySupermarket revealed average retail prices for fresh and chilled meat fell in March 2015, with fresh whole chickens showing the biggest year-on-year decline