Finance news – Page 399
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NewsNo-deal Brexit could cost poultry sector £200m in lost exports
Access to the EU market was vital in maintaining the sector’s carcase balance, said the British Poultry Council
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News100 potential bidders ran the rule over Patisserie Valerie
Around 100 potential bidders expressed an interest in rescuing stricken cake retailer Patisserie Valerie ahead of crunch talks this week, though reports warn the chain could be broken up.
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NewsMedia Bites 4 Feb: Brexit stockpiling, Patisserie Valerie, Ocado
British factories stockpiled goods in January at the fastest rate in 30 years, as they count down towards a potentially chaotic Brexit
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NewsPip & Nut looks for minority partner to drive rapid growth
The health-focused supplier has hired Houlihan Lokey to find a partner to acquire a minority stake for around £5m
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NewsAsset sales help boost profits at William Jackson
Pre-tax profits more than doubled after the sale of its MyFresh salad business
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NewsFood companies unprepared for no-deal Brexit, survey reveals
The results reveal many have underestimated the implications of Brexit
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NewsYoung's Seafood co-owner eyes total control after sale stalls
The Grocer understands HPS Investments is now considering taking total control from co-owners Lion Capital and Bain Capital
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NewsGraze purchase set to be first big Unilever deal under Jope
Unilever is reportedly set to win the auction for the healthy snack brand
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NewsCity snapshot: Pip & Nut seeks £5m funding boost
Fast growing Pip & Nut has hired advisors to secure a major cash injection to drive the nut butter brand’s next stage of growth. Plus, Real Good Foods sells frozen desserts business in MBO spin-off and all the rest of the latest news from the City.
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NewsMedia Bites 1 Feb: Patisserie Valerie, Asda, Unilever
Patisserie Valerie, the café chain that crashed into administration last week, looks increasingly likely to be sold off in chunks, with its unreliable accounts deterring even those bidders that specialise in distressed companies.
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NewsSushi Gourmet owner Hana Group acquired by Permira
The global fresh sushi retailer, which is partnered with Sainsbury’s in the UK, has been acquired after four years under the ownership of TA Associates
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News'Huge win' for Asda workers in equal pay dispute
Lawyers taking action against Asda said the judgment was a major step forward in the fair pay battle
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NewsJason Richards named as new PepsiCo UK general manager
The PepsiCo veteran will replace Ian Ellington, who has been appointed to a new position in Europe & Sub-Saharan Africa
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NewsCity snapshot: Unilever's underlying annual sales rise 3.1%
Unilever has posted underlying annual sales growth of 3.1% despite “challenging” market conditions. Plus, Diageo first half sales up 5.8%, Stock Spirits buys Italy’s Distillerie Franciacorta and the rest of the latest news from the City.
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NewsMedia Bites 31 Jan: Graze, Patisserie Valerie, High Street closures
Anglo-Dutch consumer goods giant Unilever is leading a pack of bidders for Graze amid transatlantic interest in a takeover of the snack-food brand.
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NewsShop prices rise at highest rate in almost six years
Shop prices in January jumped at the highest rate in almost six years despite post-Christmas discounts, data from the British Retail Consortium (BRC) suggests.
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NewsMedia Bites 30 Jan: Patisserie Valerie, Tesco, Price inflation
The PE firm that rescued Little Chef from collapse is among the front runners in the race to acquire most of the remaining Patisserie Valerie business
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NewsJobs at risk as Oddbins prepares to appoint administrators
The wine merchants is preparing to enter administration for the second time in eight years
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NewsCrediton Dairy invests £12m to increase processing capacity
The investment at Crediton’s headquarters will see it build a second production hall containing two new high-speed fillers
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NewsFood to go drives 5.8% organic first quarter uplift for Greencore
Sandwich giant Greencore has posted a 5.8% rise in first quarter like for like sales.