Finance news – Page 415
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NewsPhilip Morris spends £2m encouraging smokers to quit
Health campaigners accused the tobacco giant of hypocrisy
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NewsCity snapshot: B&M acquires French discount chain Babou for €91.2m
B&M Bargains owner BME European Value Retail has agreed to buy French general merchandise retailer Babou. Plus, Casino owner Rallye has has received an offer for its Courir sports business from private equity group Equistone Partners.
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NewsMedia Bites 22 Oct: Patisserie Valerie, Ocado, Tesco
A law firm is canvassing Patisserie Valerie investors in the hope of launching legal action following the discovery of a near-£40m hole in the cafe chain’s books.
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NewsHome Bargains reports second year of double-digit growth
Accounts for the full year to 30 June 2018 reveal sales rose 14.6% to £2.1bn
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NewsCity News: Unilever growth fails to impress after HQ backtrack
Unilever delivered much-needed sales growth in its results for the third quarter of 2018
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NewsPastinos looks to up distribution after Mask acquisition
The vegan snack maker was put up for sale by its former owners Giuseppe Martorana and Roberto Perini
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NewsGreencore claims US exit makes it 'more resilient' to Brexit
The own-label sandwich producer dismissed accusations its US expansion had been a failure
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NewsHawkins & Brimble seeks £250k to meet surging demand
The skin and beardcare brand will use half the funds to drive production hikes
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NewsGenesis Crafty bought for £1.8m after turnaround plan failed
The Northern Irish bakery, which reported £18m turnover in 2017, entered administration in August
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NewsBear Yoyos drive 17% growth at Urban Fresh Foods
The kids’ fruit snack manufacturer reported sales of £33.4m for the year to 31 December 2017
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NewsMedia bites 19 October: Tesco, mad cow disease, Coca-Cola
Sir Terry Leahy has endorsed Dave Lewis, Tesco’s chief executive, saying that he has rebuilt confidence and financial strength at the supermarket chain after years of decline
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NewsCity snapshot: Greencore defends £817m US business sale after City criticism
Greencore says it will be “more resilient” to Brexit after exiting the US, following the £817m sale of its US arm to Hearthside Food Solutions
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News'Terrible' lambing season to hit price and supplies into 2019
Average deadweight lamb prices hit a peak of 619.5p/kg on 19 May, up 29% on the same time last year
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NewsYOY online sales growth for Sept down to 7.5%
Year on year online growth for September was 7.5%, compared to the 13% growth seen in the same month last year
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NewsVegan cheese startup scores £25k from investors including Vita Coco's Giles Brook
Ellie Phoebe Brown of Kinda Co was unanimously chosen as the winner by a group of investors including Giles Brook oof a Dragons’ Den-style pitching session at this year’s Bread & Jam festival
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NewsCity snapshot: Warm summer helps lift sales growth at Unilever
Warm weather and recovery in Brazil boosts sales at Unilever, and Hilton Food Group acquires 50% stake in Dalco Food
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NewsMedia bites 18 October: Patisserie Valerie, food inflation, Unilever
Bosses of crisis-hit cake chain Patisserie Valerie could be hauled before parliament after a shock £40million black hole was uncovered in its accounts
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NewsTrevor Strain takes new role as chief finance and commercial officer at Morrisons
Darren Blackhurst moving to a projects role reporting to CEO David Potts
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NewsBargain Buys is back... as new fascia for Poundstretcher
Poundstretcher has converted or opened more than 10 stores under the Bargain Buys banner during the last four weeks…
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NewsCity snapshot: China and Morocco drive sales slow-down at Danone
Sales growth slowed sharply at French consumer giant Danone in the third quarter, Science in Sport launch in China and the rest of the news from the City