Finance news – Page 423
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NewsMedia Bites 7 Sep: Business rates, UK high street, Bakkavor
Sainsbury’s CEO Mike Coupe has called for tax reform to ease the burden of business rates.
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NewsFSA urged to 'take ownership' of adulterated meat testing
A fifth of meat samples tested by local authorities last year contained DNA from other species
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NewsJeremy Pee made chief digital and data officer at M&S
M&S created the role to help its push to become a “digital-first retailer”
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NewsBakkavor acquires Haydens Bakery after ‘positive’ first half
Ready meals giant Bakkavor has posted a rise in revenues and profits in its first six months as a listed business and announced the £12m acquisition of sweet bakery products supplier Haydens Bakery from Real Good Food.
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NewsMedia Bites 6 Sep: Tesco, Gaucho, M&S
Supermarket chain Tesco has angered shoppers in its inner-city stores by hiking the cost of individual bananas
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NewsAsda Price Guarantee to end in favour of focus on low pricing
Price matching initiative was the first of its kind by a major UK supermarket
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NewsGusbourne raises £3.7m for capacity expansion
UK wine producer Gusbourne has raised a total of £3.7m through the issuance of new shares to invest in its existing vineyards and storage capacity.
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NewsMedia Bites 5 Sep: Amazon, John Lewis/Waitrose, McColl’s
Amazon has become the second public company in history to record a $1 trillion valuation.
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NewsPret A Manger sales jump 13% amid overseas expansion
The chain recorded a 13.2% increase in sales, to £878.5m, in the year ending December 2017, prior to its £1.5bn acquisition by JAB this May
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NewsEuro Garages buys US forecourt chain Minit Mart for $305m
The deal will add 225 Minit Mart branded stores to EG Group’s rapidly-growing international portfolio, adding to the 762 sites it bought from Kroger
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NewsTesco appoints Melissa Bethell as non-exec director
Bethell headed up global private equity firm Bain for more than 18 years
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NewsTesco to develop car park space into gyms and restaurants
The plan is part of a new deal with property company Supermarket Income REIT
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NewsCity snapshot: McColl's like-for-like sales drop as P&H impact continues
Like-for-like sales dropped at convenience store chain McColl’s as it continued to feel the impact of Palmer & Harvey’s collapse last year, Tesco announces a new non-executive director and the rest of the City news
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NewsMedia Bites 4 Sept: Retail sales, Casino, Coca-Cola/Costa
The pressure on Britain’s struggling high streets increased in August with retail sales growth slowing as a two-month heatwave came to an end
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NewsPoundland to offer more products for over £1, says boss
Poundland reported like-for-like sales up 1.7% for the nine months to 30 June
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NewsJW Filshill reports 2% sales jump in 'competitive' market
The Scottish wholesaler’s pre-tax profits increased 0.9% to £896k
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NewsNFU accuses government of 'failing' on drought measures
The organisation has hit out at Defra for the “little government action” it has taken since the drought, despite commitments by environment secretary Michael Gove
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NewsCity snapshot: Finsbury Food Group acquires free-from bakery Ultrapharm
British bakery manufacturer Finsbury Food Group has expanded further into free-from trends by purchasing specialist bakery business Ultrapharm, Ocado bosses have sold more than £150m in shares, and this week’s City diary
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NewsMedia Bites 3 Sept: Costa Coffee/Coca-Cola, Sainsbury's, Ocado
Coca-Cola’s £3.9bn deal to buy the Costa Coffee chain has highlighted the lengths to which food and drinks companies are going to keep pace
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NewsCause for optimism at Pernod Ricard as sales grow 6%
Jameson’s rocketing performance gave cause for optimism at the world’s second-largest distiller.