Finance news – Page 362
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NewsTobacco Track and Trace ‘to be scrapped in no-deal Brexit’
The regulations have been called ‘the biggest regulatory cost to be imposed on the wholesale sector since the introduction of the national living wage’
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NewsAsda faces pay deal protests at stores in London and East Anglia
GMB London Region said it would be holding a number of demonstrations this month across London and the east of England
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News‘Short-term challenges’ force Tyson to cut earnings forecast
US meatpacking giant Tyson Foods has cut its 2019 earnings guidance due to “short-term challenges” it said were negatively affecting fourth-quarter earnings.
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NewsMedia Bites 4 September: M&S, Diageo, John Lewis/Waitrose
Marks & Spencer has crashed out of the FTSE 100 after a long spell of decline in which its shares have fallen more than 40% since the beginning of last year.
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NewsValeo Foods confirms £66m Kettle acquisition
Valeo Foods Group has confirmed the acquisition of Kettle from US owner Campbell Soup Co, in a deal valuing the struggling premium crisps brand at £66m
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NewsHome Bargains to be policed by Groceries Code Adjudicator
The CMA found the retailer received around half its total turnover from grocery sales
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NewsGreencore agrees £56m deal for Freshtime UK
Greencore has announced it has agreed to acquire Freshtime, a UK-based supplier of food-to-go-salads, chilled snacks and prepared produce.
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NewsMedia Bites 3 September: Biscuit International/Fox’s, Just Eat, M&S
Buyout firm Towerbook is reported to be talks to merge Biscuit International (BI) and Boparan Holdings-owned Fox’s to create a European biscuit giant.
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NewsBurton’s Biscuits acquires shortbread producer Paterson Arran
Burton’s Biscuits has announced it has broadened its product portfolio with the acquisitions of Scottish shortbread producer Paterson Arran.
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NewsJW Filshill posts 7% sales boost despite Brexit concerns
In June, Filshill announced plans to move to a new larger headquarters near Glasgow Airport
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NewsCity snapshot: BRC rejects Gove reassurances over food shortages
The British Retail Consortium has labelled cabinet minister Michael Gove’s reassurances over shortages of fresh food under a no-deal Brexit scenario “categorically untrue”.
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NewsMedia Bites 2 Sept: Brexit, M&S, Premier Foods
The food industry says that it fears a “complete and catastrophic embargo” on exports in the event of a no-deal Brexit.
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NewsKraft Heinz UK sales climb by almost 5%
Increased consumption was supported by the launches of Bull’s-Eye barbecue sauce and low-sugar Tomato Ketchup.
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NewsJuul is key to Altria-Philip Morris remarriage but rationale is fraught
Mixed reaction to proposed remarriage of Altria and Philip Morris
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NewsAF Blakemore reports ‘tremendous’ year as profits rocket
The wholesaler had made major investments in the period, upgrading and buying new stores, improving logistics and developing IT systems
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NewsWatmuff & Beckett hails ‘amazing’ response to Crowdcube funding campaign
The soup, risotto and broth maker is seeking £110k on Crowdcube in exchange for a 10% stake
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NewsLion Capital kicks off sale process for sports nutrition brand Grenade
The sports nutrition player is set for a multimillion-pound bidding war after private equity owner Lion Capital appointed advisors to explore a sale
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NewsCity snapshot: Premier Foods names new CEO and chairman
Premier Foods has named UK MD Alex Whitehouse as its new CEO and former Reckitt Benckiser finance chief Colin Day as chairman.
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NewsMedia Bites 30 Aug: Juul, Neat Burger, Consumer confidence
Juul, the e-cigarette maker, is being investigated over allegations that it used deceptive marketing to target minors.
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NewsConsumer confidence slips amid mounting pre-Brexit nerves
UK consumer confidence slipped back this month, as mounting Brexit uncertainty led to consumers feeling increasingly nervous