Finance news – Page 337
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NewsCMA to probe PepsiCo’s acquisition of Fruit Bowl maker Pioneer Foods
The UK’s competition watchdog will assess wether the merger will result in a “substantial lessening of competition”
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NewsCity snapshot: Unilever confirms global tea review as annual profits fall
Unilever has confirmed it has initiated a strategic review of its global tea business, as it reported a 30%-plus slide in annual profits. Plus, Diageo posts a solid rise in first half sales, but warns on second half growth and all the rest of the latest news from the City.
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NewsMedia Bites 30 Jan: Deliveroo/Amazon, McDonald’s, UK Retail
Deliveroo and Amazon have accused Britain’s competition watchdog of failing to provide “credible evidence” that a deal between the two companies would harm competition.
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NewsWells & Co profits rise ahead of return to brewing
Wells & Co’s profits have jumped following a complete rebrand as it prepares to re-enter the brewing business.
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NewsHattingley Valley Wines secures £7.5m to fund international expansion
English sparkling wine producer Hattingley Valley has secured a £7.5m finance facility to support its international expansion plans.
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NewsMcDonald’s posts strongest revenues growth in a decade
Comparable sales at McDonald’s rose 5.9% last year as the US fast food giant continued to invest in technology and delivery
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NewsJohn Lewis to stop reporting weekly sales figures as part of board restructure
The business said it would now only publish details on its financial performance every six months, in its half-year and full-year results
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NewsCity snapshot: UK shop prices continue to fall but food prices accelerate
Despite overall decline, food prices accelerated in January as discounting returned to a more normal level following Christmas
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NewsMedia Bites 29 Jan: John Lewis; Co-op; Suntory Holdings
John Lewis and Waitrose to stop publishing weekly trading updates, the Co-op is close to offload part of its pension liabilities and Suntory Holdings bought a 10% stake in the owner of The Macallan and The Famous Grouse Scotch whiskies
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NewsRetailer property investment boosted by election result, says Colliers
It made December the second-strongest month of 2019 for retail property investment
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NewsJust Eat agrees UK partnership with McDonald’s
Just Eat has agreed to partner nationwide with McDonald’s in the UK and Ireland to become the fast food chain’s second exclusive delivery partner for McDelivery.
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NewsMedia Bites 28 Jan: Sainsbury’s, low & no, Amazon/Deliveroo
Sainsbury’s pledges to become carbon neutral by 2040, low & no beverages spike in value and Deliveroo attacks the CMA investigation into its proposed tie-up with Amazon
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NewsSainsbury’s invests £1bn in 2040 carbon neutral target
The retailer plans to use the cash to implement a programme of changes
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NewsBrave Foods raises six-figure investment to target UK and International growth
The brand will use the cash boost to grow awareness of the pulse snacking category in the UK
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NewsWell & Truly banks £500k investment to boost growth
The latest cash boost takes the total raised by the brand to over £1m since launching in 2016
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NewsTesco pushes loyalty scheme with Clubcard credit card
The new card features no foreign exchange fees and 0% interest on purchases for up to 18 months
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NewsSpiritrade raises ‘seven-figure’ sum in international funding push
Spiritrade claims to be the first online booze trader to offer “truly safe and secure” transactions
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NewsCity snapshot: Nestlé acquires medical nutrition business Zenpep
Nestlé has continued its strategic acquisition programme with a deal to buy gastrointestinal medication producer Zenpep.
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NewsMedia Bites 27 Jan: Iceland, Poundland, Unilever
Frozen-food chain Iceland is preparing to axe jobs as it wrestles with a heavy debt pile and tough competition, PE firms circle Poundland and Unilever vulnerable to activist investors,
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NewsYeo Valley profits fall after sale of milk business and restructure
Profits have fallen in Yeo Valley’s first trading period since the sale of its milk business to Arla as increased costs and restructuring have hit its bottom line.