Finance news – Page 695
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NewsB&M Bargain valued at £2.7bn after pricing IPO
Discount retailer B&M Bargains will be worth £2.7bn when it floats on the London stock exchange next week…
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NewsBRC records first ever three-month fall in food sales
The British Retail Consortium finds growing “polarisation” between food and non-food retail sales
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NewsImperial Tobacco to float Logista in Spain
Imperial Tobacco is to float its European logistics division Logista…
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Retailers find a cure for finance problems with new credit union
Leading retailers are joining forces to help retail staff who find themselves in financial difficulties…
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NewsPricing intelligence firm Profitero gets $8m for expansion
Pricing intelligence specialist Profitero has secured $8m in new funding that will be used to “aggressively expand”…
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NewsTesco sales hit headlines but Sainsbury's is biggest faller
Shares in the listed supermarkets slumped again this week…
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NewsMorrisons team restructure threatens 2,000 store management jobs
Morrisons is on the verge of restructuring its in-store management teams – which could result in up to 2,000 job losses…
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NewsBlack Friday for Asda: staff plan redundancy protests
Asda managers who are facing the possibility of losing their jobs are being encouraged to don black next Friday…
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NewsThe Health Lottery reveals 20% slump in retailer numbers
Richard Desmond has admitted he “might never” get back his original investment in the Health Lottery…
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NewsSpar sales climb 1% despite 4% decline in c-store numbers
Spar UK has reported a 1.05% increase in sales to £2.6bn for the year to 26 April 2014, despite a fall in store numbers…
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NewsUK food and drink businesses lagging as M&A market booms
The UK M&A market is booming at levels not seen since 2007, but food and drink remains starved of deal activity…
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NewsInvestors hit by IPO 'indigestion'
Companies hoping to tap the early year thirst for retail flotations have been warned investors are losing their appetite…
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NewsCo-op Group’s stake in Co-op Bank falls to 20%
Co-op Bank has completed its £400m recapitalisation…
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NewsTesco completes CRE joint venture in China
Tesco has completed the deal to combine its Chinese retail operations with China Resources Enterprise
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NewsTate & Lyle profits fall on weakening sweetener sales
Tate & Lyle reported a 2% drop in full-year profits this morning.
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NewsTesco ends talks over sale of Kipa in Turkey
Tesco has ended talks over the future of its loss-making Turkish business…
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NewsAsda to save money by axing 24-hour trading at 20 stores
Asda is set to stop 24-hour trading at 20 stores that are no longer profitable after 10pm…
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NewsTesco CEO Philip Clarke receives £1.6m pay package but no bonus
Tesco bosses saw increases in their pay packets last year, but missed out on any bonus.
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NewsSABMiller’s UK beer sales grow despite tough global trading
SABMiller has reported a rise in full-year earnings, boosted by beer sales in emerging markets and the UK…