Finance news – Page 694
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NewsMorrisons sells Kiddicare for £2m to Endless
Morrisons has sold its underperforming baby goods brand Kiddicare for just 3% of its purchase price.
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NewsConviviality Retail toasts bumper full-year profits
Bargain Booze-owner Conviviality Retail has reported a bumper increase in profits in its first annual results as a listed company.
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NewsJames Brundle's Hackney Spar topping £32k weekly sales
Sales are topping £32,000 a week at the second c-store opened by Spar retailer James Brundle…
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NewsAldi and Lidl fortunes revealed in first Rich List
The discounters may be upstart challengers in the UK grocery fight, but the businessmen behind them are anything but…
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NewsSugar supply set to tighten warns Tate & Lyle
Tate & Lyle Sugars has reported a surge in sales and profits, but warned of mounting pressure on sugar supplies…
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NewsM&S CFO Alan Stewart heads to Tesco
Marks & Spencer CFO Alan Stewart is leaving the retailer to join Tesco.
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NewsABF grocery sales hit by loss of Silver Spoon contract with Asda
Associated British Foods has reported a 5% drop in constant currency grocery sales following the loss of contracts at Silver Spoon.
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NewsGrimsby's Quayside Group sold to Danish logistics giant DFDS
Danish shipping and logistics giant DFDS has bought Grimsby-based cold storage and transportation specialist Quayside Grou…
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NewsGlobal 50 report: fmcg giants losing share in BRIC countries
The biggest names in global fmcg are losing market share across the BRIC countries…
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NewsIGD predicts discount market will double by 2019
The UK grocery market will increase in value by 16% by 2019, driven by growth in the discount, convenience and online
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NewsMorrisons to issue £300m in corporate bonds
Morrisons announced after markets closed on Friday that it had successfully launched £300m in corporate bonds.
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NewsRegional food groups face tough choices
Regional food groups remain upbeat about their future despite the demise of Heart of England Fine Foods…
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NewsSainsbury’s brings bureau de change to stores in Travelex deal
Sainsbury’s Bank has secured a new five-year contract with Travelex to grow its presence in the travel money market.
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NewsFitch downgrades Tesco's credit rating
Fitch Ratings has followed Moody’s in downgrading Tesco’s credit rating
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NewsDairy Crest CEO Mark Allen's pay soars by a third
Dairy Crest CEO Mark Allen saw his pay package rise by over a third following the return to bottom line profitability…
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NewsMcColl’s opens 750th c-store as expansion continues
McColl’s Retail Group has opened its 750th convenience store.
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NewsHeart of England Fine Foods goes into liquidation
Heart of England Fine Foods (HEFF) has gone into voluntary liquidation, it was announced today.
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NewsTesco's credit rating downgraded by Moody's
Tesco has had its credit rating downgraded by Moody’s amid poor sales performance and a tough outlook for the sector.
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NewsMission Deli wraps relaunched by Mission Foods
Mission Foods is relaunching its Mission Deli wraps range with a softer formula…
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NewsJapan Tobacco buys British maker of E-Lites
Japan Tobacco has agreed to acquire UK e-cigarettes maker Zandera for an undisclosed sum…