Finance news – Page 443
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NewsJohn Menzies upbeat despite distribution arm sale delay
Menzies said it remained fully engaged with a number of potential buyers
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NewsCity snapshot: International investment in UK food and drink on the rise
Overseas-owned companies make up almost half of UK food and drink sales, according to study by law firm EMW. Plus, UK food and drink investment surges to mitigate Brexit finds BDO, two new non-exec directors at M&S and all the rest of the latest news from the City.
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NewsMedia Bites 21 May: Lidl, Sainsbury's/Asda, M&S
Lidl is planning an online delivery service in yet another assault against the UK’s biggest supermarket chains, writes The Daily Mail.
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NewsBatchelors Super Noodles fuel Premier Foods growth
Batchelors Super Noodles pots have “exceeded expectations” since hitting shelves last year
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NewsHealthy snack bar supplier Squirrel Sisters reaches out for £185k investment
Healthy snack bar business Squirrel Sisters is looking for £185k in investment to pump into increasing distribution, marketing and NPD
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NewsSainsbury's bows to pressure on pay rate proposals
The supermarket announced an increase to its base pay rate from £8 an hour to £9.20
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NewsFDF poll reveals confidence slump in Q1 2018
The survey also found more than half of businesses had seen product margins fall in Q1
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NewsTurnover up 19% at premium petfood supplier MPM
Sales have surged a premium petfood manufacturer MPM Products, two years after being purchased by a private equity group
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NewsCity snapshot: CMA opens Sainsbury’s/Asda investigation
The UK Competition and Markets Authority has opened its investigation into the Sainsbury’s/Asda retail mega-deal, asking interested parties to submit their initial views by 4 June. Plus, KP Snacks owner Intersnack has struck a cut-price deal to buy struggling Tyrrells, C&C Group to split Matthew Clarke and Bibendum and all the rest of the latest news from the City.
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NewsMedia Bites 18 May: Ocado, Sainsbury's/Asda, Walmart
The papers are chocked full of coverage of what The Daily Mail has dubbed “the deal that turned Ocado into a global tech titan”.
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NewsIntersnack strikes cut-price deal to buy struggling Tyrrells
KP Snacks owner Intersnack has struck a cut-price deal to buy Tyrrells and attempt to restore the brand to growth after a “phenomenal reduction in performance” under US ownership.
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NewsMichael Saunders back as Bibendum CEO
Saunders joined Bibendum in 1982, staying with the company until its buyout by Conviviality in 2016…
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NewsAsda hails 'genuine momentum' in sales growth
Asda reported 8.3% like-for-like growth in online grocery sales in the period, while George.com sales soared by 21.9%
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NewsKP owner Intersnack buys Tyrrells
The owners of KP Snacks Intersnack has announced it has agreed to acquire Tyrrells from The Hershey Company
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NewsBrexit labour shortages 'killing' fruit & veg sector
A Defra spokeswoman told The Grocer the government was “giving consideration” to what replacement labour arrangements might be necessary after Brexit
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NewsOnline takeaway service Appetise is put up for sale
A message appeared on Appetise’s website saying orders were not being taken…
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NewsC&C to decouple Matthew Clark and Bibendum after rescue from Conviviality administration
C&C CEO Stephen Glancey also shook off rumours C&C planned to sell Bibendum PLB to focus on Matthew Clark
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NewsCity snapshot: Ocado signs US supply agreement with Kroger
Ocado shares have surged by almost 40% this morning after announcing it has signed a supply partnership with US grocery giant Kroger. Plus, Fever-Tree sees positive UK progress at the start of its financial year and appoints a new non-exec director, Mothercare announces restructuring plan and all the rest of the latest news from the City.
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NewsMedia Bites 17 May: Pubs, SSP Group, Co-op
Pub stocks tumbled as the Beast from the East hammered first-half results and added to a string of challenges.
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NewsGluten-free biscuit supplier Northumbrian Fine Foods bought by Biscuit International
Northumbrian Fine Foods, the UK’s leading gluten and milk-free biscuit manufacturer, has been purchased by French giant Biscuit International.