Finance news – Page 398
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NewsBurton’s lands a catch at last with Thomas Fudge’s acquisition
After failing to land a number of key acquisition targets in recent years, Burton’s Biscuit Co has snapped up premium biscuit manufacturer Thomas Fudge’s from private equity owner Livingbridge.
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NewsOcado shares burnt by Andover blaze
Ocado boss Tim Steiner hailed the company’s “18-year overnight success” on Tuesday, but it was another overnight event that rocked the market this week.
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NewsSupermarket prices rise again after Christmas cuts
The Grocer Price Index moved back into annual inflation of 0.4% in January compared with a 0.4% price drop in December
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NewsPork product duo turn to crowdfunding to improve scale
Serious Pig and Cannon & Cannon have both turned to the crowd to scale up their retail presence.
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NewsUnilever moves into snacking with £150m Graze acquisition
The Anglo-Dutch group’s first deal under new CEO Alan Jope was sealed this week.
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NewsCity snapshot: High street suffers worst January since 2013
The UK retail industry suffered its worst start to the year since 2013, according to the monthly BDO High Street sales tracker. Plus, Brexit preparations and turnaround costs drive Kellogg’s to fourth quarter loss and Cranswick and Ocado shares plunge
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NewsMedia Bites 8 Feb: Premier Foods, Ocado, Cranswick
The former chief executive of Premier Foods, Gavin Darby, has been awarded a golden handshake worth at least £1.1m from the heavily indebted foodmaker.
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NewsOcado warehouse fire latest: evacuation area lifted
Properties up to a mile from the facility were evacuated yesterday amid fears of a toxic gas leak or explosion
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NewsBurton’s Biscuits agrees deal for Thomas Fudge’s
Burton’s has agreed a deal to acquire premium biscuit manufacturer Thomas Fudge’s from private equity owner Livingbridge.
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NewsMedia Bites 7 Feb: Ocado, Calsberg, Brexit
Online supermarket Ocado has been forced to cancel orders and warned of a “hit to sales” after the huge blaze ripped through its robotic warehouse.
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NewsFire at Ocado's Andover site caused 'substantial damage'
Operations at the facility remain suspended, affecting the online supermarket’s ability to meet demand
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NewsUnilever wins £150m race for Graze
Unilever has acquired healthy snacking brand Graze in its first acquisition under new CEO Alan Jope.
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NewsMedia Bites 6 Feb: Ocado, Unilever, Grocery market share
A fire at one of its high-tech warehouses yesterday dealt a blow to Ocado, on the same day that it reported a rise in annual losses and announced a new one-hour delivery service.
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NewsOcado suspends operations at Andover after fire
The fire brigade was on site and no one had been injured, the online supermarket said
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NewsOcado announces Zoom one-hour rapid delivery
Some 10,000 products will be available in the West London trial
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NewsHenderson Foodservice expands further with Foodco deal
Foodservice operator Foodco has sites on both sides of the Irish border
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsMedia Bites 5 Feb: Patisserie Valerie, Retail sales, Brexit
Patisserie Valerie has attracted interest from numerous bidders, including offers for the entire 206-store chain and ones for parts of it, according to administrators.
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NewsHMRC advises businesses on no-deal Brexit border procedures
HMRC has written to nearly 150,000 businesses who trade with the EU to inform them of temporary simplified importing procedures
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NewsPepsiCo completes £20m deal for Pipers Crisps
PepsiCo has completed the acquisition of foodservice snacking specialist Pipers Crisps after receiving the green light from the UK’s Competition and Markets Authority.