Finance news – Page 391
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NewsUK Snacks collapses into administration after factory fire
Own label Asian snack manufacturer UK Snacks Ltd has collapsed into administration, nine months after a fire tore through its main manufacturing site
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NewsFood & drink export growth slowing down amid Brexit concerns
The 2018 growth rate was roughly a quarter of that seen in 2017
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NewsSupermarket Income REIT ramps up expansion with £45m raise
The UK’s biggest buyer of supermarkets in 2018 has ramped up its expansion plans, days after hiring ex-Sainsbury’s boss Justin King as an advisor
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NewsMajestic Wine to close stores in Naked rebrand
Majestic Wine is to close stores and rebrand as Naked Wines as part of a transformation plan, Greene King hires a new non-executive director and the rest of the new from the City
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NewsMedia Bites 25 March: Sainsbury's/Asda, Marks & Spencer, Tesco
Sainsbury’s and Asda have said they would dispose of between 125 and 150 stores in order to help secure regulatory approval for their proposed merger
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NewsStrong Roots takes top spot from Pots & Co in Alantra Fast 50 list
The supplier of frozen plant-based burgers and sides has rocketed to £9m in annual sales
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NewsGeneral Mills shares jump after raising profit guidance
While competitors Kraft Heinz and Kellogg’s have cut profit guidance in recent months, General Mills is expecting to beat its targets
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NewsCasella and Kingsland buck wine trend to post solid sales
Casella, which owns Yellow Tail, saw UK revenues surge 17.7% in the year 30 June 2018
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NewsFormer Palmer & Harvey staff awarded compensation
Staff are now in line for a payout worth eight weeks gross pay
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NewsCity snapshot: Frozen supplier Strong Roots jumps to top of Fast 50
Challenger brand Strong Roots has surged to the top of Alantra’s Fast 50 list, amid a resurgence of the frozen food category
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NewsMedia Bites 22 March: Retail sales, Brexit, Boparan
British consumers appear to have shrugged off Brexit uncertainty in February as retail sales unexpectedly jumped during the month
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NewsFourpure to expand Bermondsey brewery for a second time
It will raise the brewer’s capacity to 66,000hl
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NewsConsumer spending growth to slow amid Brexit caution
Consumer spending growth is set to slow down as people become more cautious amid political uncertainty, according to financial services giant PwC
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NewsMedia Bites 21 March: Aldi, Price Inflation, Retail Crime
Aldi has fired its latest salvo in the battle for Britain’s food shoppers with the launch of a smaller high street brand
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NewsFinnebrogue defies Brexit fears with new EU-sourced bacon
The supplier’s Irish-sourced nitrite-free bacon would offer more choice for consumers, Finnebrogue said
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NewsAldi trials new sub-brand Local for smaller London stores
The first ‘Aldi Local’ opened last week in Balham and the name could be rolled out to four other London stores
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NewsLosses deepen at Science in Sport despite sales surge
AIM-listed sports nutrition supplier Science in Sport slipped to a £2.5m loss amid significant investment, despite surging revenues
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NewsMedia Bites 20 March: Sainsbury's/Asda, Ocado, AB Inbev
Sainsbury’s and Asda on Tuesday said they would deliver £1bn worth of lower prices within three years if they are allowed to merge
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NewsOcado sales growth dented by Andover warehouse fire
Sales jumped 11.2% at Ocado in the past 13 weeks, but its performance was dented by the fire at its Andover warehouse last month
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NewsMedia Bites 19 March: Sainsbury's/Asda, Kraft Heinz, Domino's
Sainsbury’s and Asda will provide a more specific commitment to cut prices as part of their response to the CMA’s provisional verdict