Finance news – Page 674
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NewsCity Snapshot: Chancellor George Osborne lines up pre-election sweetener
Chancellor George Osborne will fire the gun today on the Conservative election campaign as he aims to hand out a few treats to soften up voters and business
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NewsMedia Bites 18 March: Sainsbury's, BHS, 'back door inflation'
In a morning dominated by the build up to the pre-election Budget, the newspapers still find room to cover the latest sales decline at Sainsbury’s, worries of mass store closures at BHS and ‘sneaky’ price rises on products with shrinking pack sizes.
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NewsDutch IPO could value Refresco Gerber at €1.3bn
Dutch drinks giant Refresco Gerber will be valued at between €1.07bn and €1.29bn (£770m-£930m) when it floats in Amsterdam later this month.
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NewsMinimum wage hike leaves convenience store operators frustrated
The ACS warned that the 3% increase in the adult rate from £6.50 to £6.70 would have a negative impact on staffing and investment levels in the convenience sector
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News2 Sisters warns of more pain as Avian flu and price war hits trading
2 Sisters is feeling the effects of the supermarket price war with boss Ranjit Singh warning of difficult trading conditions
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NewsMedia bites 17 March: Business rates, pensions and Dunnhumby
The Government’s launch of a “radical” review of business rates sent the sector’s shares soaring yesterday, but retailers only gave a “cautious welcome” to the consultation.
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NewsCity snapshot: Sainsbury's Q4 like-for-like sales down 1.9%
Sainsbury’s like-for-like sales drop in the fourth quarter edges out to 1.9%, while 2 Sisters Food Group owner Boparan has announced a 1.6% fall in second quarter and all the other latest news from the City.
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NewsPanesar Food agrees £7.4m bank finance package
A specialist sauce and condiment maker in the Midlands is set to expand its production capacity after securing a seven-figure bank funding package.
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NewsMcColl's bosses scoop share awards but miss out on annual bonus
Executives at newsagent chain McColl’s received a £5.3m share-related bonus last year after the company’s IPO on the London Stock Exchange, but missed out on a profit-based annual bonus.
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NewsBusiness tax rate review announced by government
The review, set to report in 2016, would look at how businesses use property, what the UK can learn from other countries, and how to modernise the system
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NewsCo-op staff welcome 8.5% pay rise proposal
The proposal is worth in excess of £85m a year and will see minimum pay rates for a full-time employee increase
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NewsCity Snapshot: PureCircle sales climb as stevia goes mainstream
Sales at stevia producer PureCircle have climbed by 24% to $43.2m in the company’s first half
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NewsMedia Bites 16 March: GCA, high streets, Diageo
Whitehall emails show teething troubles for the Groceries Code Adjudicator; a report on the UK high street finds more shops close than open in 2014; and Diageo backs down on lengthening supplier payment days.
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NewsNakd and Trek valued at £50m as Natural Balance seeks investment
Natural Balance has experienced strong growth in recent years as it tapped shifting consumer attitudes to healthy eating
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NewsFrieslandCampina predicts 2015 dairy growth despite end of EU milk quota
Global dairy firm FrieslandCampina has warned that the disappearance of the EU milk quota could lead to more volatility in the dairy market, but remains upbeat about 2015 prospects.
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NewsMr Shericks Shakes seeks £250k of crowdfunding to grow brand
The adult-orientated milkshake brand created by ex M&S buyer Andrew Sherick is seeking £250m of crowdfunded investment to grow its brand and range of products.
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NewsAurivo acquires sports nutrition brand For Goodness Shakes
The company behind UK-based sports drinks brand For Goodness Shakes has been acquired by Irish agri-business Aurivo.
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NewsMedia bites 13 March: Morrisons, Waitrose, BHS
Not unexpectedly, Morrisons’ near £800m loss yesterday gets plenty of coverage with most of the focus on the £1.3bn property write-down and the closing of 23 convenience stores.
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NewsCity snapshot: Waitrose's weekly sales tick up after annual profit fall
There was some cheer for Waitrose bosses this morning as its weekly sales ticked up slightly after their recent flatlining
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NewsWaitrose commits to Tesco price match promise in the face of plummeting profits
Waitrose has reaffirmed its commitment to continue matching Tesco on branded goods in 2015 despite its profits plunging by almost a quarter in the previous year.