Finance news – Page 440
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NewsDiscounter and online gains set to continue, predicts IGD
Discounters predicted to see 36.7% growth by 2023
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NewsABP Food Group ploughs £17m investment into Perth beef plant
Cash injection will allow plant to ‘become one of the most modern facilities of its kind in the UK’
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NewsWarmer weather boosts retail spending in May
UK retail sales recovered in May as better weather brought consumers back onto British high streets, with sales growth at its fastest for more than four years.
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NewsMedia Bites 5 June: Sainsbury's/Asda, 2 Sisters, Walmart
The £14.1billion Sainsbury’s-Asda merger will push up prices at smaller retailers, industry experts have warned, writes The Daily Mail.
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NewsTulip buys Netherlands-based bacon producer
Danish meat giant Tulip Food Company has agreed to acquire Dutch bacon producer Baconspecialist Zandbergen.
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NewsToilet and kitchen paper manufacturer WEPA buys private label supplier
Toilet paper and kitchen roll manufacturer WEPA has bought out its Northwood & WEPA joint venture
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NewsIceland offers more early morning/late evening online deliveries
The retailer said it was adding 4,000 new slots across the country
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NewsTulip to cut 150 jobs in Bodmin as production levels fall
It comes as Young’s Seafood also confirms plans to close its Annan factory
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NewsNomad agrees €240m deal to buy Aunt Bessie’s from William Jackson
Birds Eye owner Nomad Foods has announced it has agreed to buy frozen potato and Yorkshire puddings brand Aunt Bessie’s
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NewsNestlé acquires Welsh bottled water company Princes Gate
Nestlé Waters, which is known for its Buxton and Pure Life brands, has acquired a majority stake in Princes Gate Spring Water Ltd
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NewsCity snapshot: Hotel Chocolat buys back £6.4m of customer ‘chocolate bonds’
Hotel Chocolat repays £6.4m of ‘chocolate bonds’ to fund growth. Plus, annual sales up 56% at UK wine supplier Gusbourne and Bayer sets date for $63bn Monsanto deal completion.
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NewsMedia Bites 4 June: Poundworld, Discounters, Addo Food Group
Alteri Investors, a turnaround firm backed by US hedge fund giant Apollo is closing in on a deal to buy Poundworld, the struggling discount retailer.
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NewsSoulmate Food bought out of administration by Kettlebell Kitchen
Online healthy food delivery company Soulmate Food has been bought out of administration by health food supplier Kettlebell Kitchen, saving around 20 jobs
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NewsThe Uncommon canned English sparkling wine seeks £25k from crowd
Canned English sparkling wine start-up The Uncommon has launched a crowdfunding campaign to raise £25k to create an urban winery
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NewsGressingham Foods buys Yorkshire Game in administration rescue deal
Wild meat producer Yorkshire Game has been bought by Gressingham Game after entering administration, saving 23 jobs
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NewsCostco to roll out petrol stations to most of its locations
Senior VP for Europe Steve Pappas said Costco UK was “developing plans for other locations”, but was “unable to give a time” on when they would open
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NewsHenderson Group hails 8.5% sales rise as 'tremendous'
Henderson Group CFO Ron Whitten heralded the results as “a tremendous performance”
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NewsPret a Manger readies US push after £1.5bn JAB deal
The deal will see JAB assume control of Pret after a decade of ownership by private equity group Bridgepoint
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NewsUK petrol price surges after Trump's Iran withdrawal
Motorists are paying on average 5.5p more for unleaded and 6p more per litre for diesel than they were in April
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NewsChocolate startup MIA reaches out to crowd for £100k investment
Bean-to-bar chocolate startup MIA has reached out to the crowd to raise £100k in investment