Finance news – Page 396
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NewsProfits slide at Divine Chocolate amid currency pressures
Profits dropped to just £9k in the year ended 30 June 2018
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NewsPropercorn to switch to UK packaging supplier post-Brexit
The London snack brand’s plan to move from its current supplier in Italy arose during plans to ‘mitigate risk’ after 29 March
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NewsSuppliers celebrate CMA's Sainsbury's-Asda findings
There was widespread celebration over this week’s verdict, despite the competition watchdog dismissing concerns raised over the impact on suppliers
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NewsMedia Bites 22 Feb: Just Eat, Kraft Heinz, Sainsbury's/Asda
US competitor to Just Eat, Uber Eats announced plans to cut the fees it charges restaurants on Thursday (21 February)
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NewsUK and Irish retail bosses unite to warn against no-deal Brexit
The groups said increased tariffs and new regulatory checks would lead to increases in the cost of making fresh food and drink available to consumers
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NewsMedia Bites 21 Feb: Sainsbury's/Asda media reaction special
Analysts were sceptical that the merger could be re-engineered sufficiently to allow it to be cleared
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NewsCity snapshot: Higher costs weigh on earnings at McBride
Profits at McBride were held back by “significantly higher” input costs after its shares plunged yesterday amid a profits warning
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NewsSainsbury's shares plunge in the wake of CMA Asda deal objections
Sainsbury’s shares have tanked to a lower level than they were trading at before last year’s announcement of the blockbuster merger with Asda due to City fears the Competition & Markets Authority has today killed the deal.
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NewsSainsbury’s facing uphill battle to overturn CMA decision
Mike Coupe accused the CMA of “moving the goalposts” on the deal and disputed the methodology used to claim it would lead to higher prices nationally
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NewsCity Snapshot: Sainsbury's-Asda merger would lead to higher prices, says CMA
Sainsbury’s shares have dived 14% on news that the CMA has “extensive concerns” over its proposed merger with Asda, Arla sees sales recover after turnaround plan and rest of the new from the City
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NewsMedia Bites 20 Feb: Asda, Iceland, Greggs
Asda said same-store sales grew by 1% over the fourth quarter, marking its seventh consecutive period of sales growth
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NewsBlow for Sainsbury’s-Asda merger plans as CMA flags up extensive concerns
The CMA said the deal would lead to a “worse experience” for both in-store and online shoppers nationally
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NewsAsda rues 'uncertainties' as results show slower growth
Growth was slower than in the previous quarter, with CEO Roger Burnley admitting Asda had been hit by “uncertainties”
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NewsCity snapshot: Premier Foods scraps Ambrosia sale plan
The proposed Ambrosia sale was one of the final strategic initiatives of former CEO Gavin Darby who stepped down from Premier last month
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NewsCity snapshot: McColl's returns to like-for-like sales growth
Profits halved and like-for-like sales slumped at the chain in 2018, blaming supply disruption from Palmer & Harvey’s collapse earlier in the year
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NewsCity snapshot: Vegan sausage roll success boosts profits at Greggs
Greggs said it has made an “exceptionally strong start” to 2019
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NewsCity snapshot: Gove set to reassure over food standards at NFU conference
The environment secretary, Michael Gove, is to pledge that British food standards will not be lowered “in pursuit of trade deals”
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NewsEnergy drinks and sugar-free drive CCEP profit and sales growth
Coca-Cola European Partners also announced plans to start trading on the London Stock Exchange
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NewsPatisserie Holdings-owned Baker & Spice sold to Department of Coffee and Social Affairs
KPMG confirmed that the independent coffee chain has bought four Baker & Spice outlets in London Coffee shop chain Department of Coffee and Social Affairs has acquired the London-based Baker & Spice bistro chain from the striken former parent company of Patisserie Valerie. KPMG confirmed this morning ...
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NewsOlly's Olives secures £200k cash boost to drive expansion
A number of angel investors and high-net worth individuals have backed the brand