Finance news – Page 489
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NewsCity snapshot: Bakkavor kicks-off £100m London float
The UK’s biggest ready meals supplier Bakkavor has announced its intention to raise £100m by floating a portion of its shares on the London Stock Exchange. Plus, higher food prices drive up September retail sales according to BRC/KPMG, Marton’s updates the market on full-year performance and all the rest of the latest news from the City
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NewsMedia Bites 10 October: Retail sales, Diageo, Amazon
The chances of the first rise in interest rates in more than a decade have grown after Britons shrugged off economic uncertainty to hit the high street in September, writes The Times.
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NewsMorrisons liable for data breach say staff in High Court action
Employees are seeking to prove that Morrisons was liable for the huge data breach in 2014 by Andrew Skelton
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NewsBarfoots sales up 18.8% but Brexit hits bottom line
Fast-growing vegetable producer and importer Barfoots of Botley saw sales rise a further 18.8% last year, but profits were hit by Brexit-related cost rises and the weak pound.
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NewsDX Group shores up cash position with 'critical' £24m loan
Gatemore Capital Management, which owns 23.8% of shares in the company, has loaned the company £11.05m
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NewsAldi reveals plans for massive Bedford distribution centre
The proposed new 950,000 sq ft facility will become the discounter’s 12th in the UK and support 400 jobs…
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NewsBRC warns over Brexit impact to retail employees
Consumers will “pay the price” unless the UK “provides certainty” for people from the EU working in retail in the UK and agrees an immigrations system “fit for future”, according to the British Retail Consortium.
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NewsMedia Bites 9 October: Fox's Biscuits/Burton's, 2 Sisters, Bread Holdings, P&G
The poultry tycoon whose business has been hit by allegations of food safety breaches is in talks about a merger of Fox’s Biscuits and the owner of rival brand Jammie Dodgers, according to Sky News.
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NewsClarence Court duck egg supplier expands production
A Devon duck and quail egg producer that supplies the Clarence Court brand has secured a six-figure bank funding package to expand its output.
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NewsIrish fuel retailer Maxol reports annual pre-tax profits up 0.5%
The firm opened its largest ever development in Tannaghmore, County Antrim
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NewsDCS Group targets £300m revenue as sales rise 13.5%
CEO Denys Shortt said the latest results represented a “huge milestone” for the company…
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NewsHeron Foods sales and profits leap ahead of B&M takeover
Frozen food discounter Heron Foods, which B&M Bargains snapped up for £152m in August, has increased revenues by almost 9% despite a challenging trading environment.
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NewsSandpiper deal for iQ approved by Channel Islands authority
The music and computer retailer operates in both Jersey and Guernsey
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NewsTesco whistleblower: team was 'falling apart' due to pressure
Amit Soni told Southwark Crown Court senior management brushed aside the concerns of commercial directors
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NewsTesco turnaround 'on track' but City reaction is lukewarm
Tesco declared its turnaround “firmly on track” this week after posting a 27.3% jump in group operating profit
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NewsGousto moves towards profitable status as revenues rocket 88%
Recipe box service has posted a £6.6m annual loss as the cost of attracting new customers weighed on the bottom line
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NewsBirds Eye claims it's recovering despite slump in 2016 sales
Birds Eye has suffered another heavy decline in sales as conditions in the branded frozen space remain challenging
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NewsShoppers' views on Brexit 'colour experience of prices'
Some 83% of Brits have seen a hike in their shopping bills
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NewsMedia Bites 6 October: Tesco, Unilever, Accrol
Tesco remains in the news as the papers continue coverage of the fraud trial, the aftermath of Wednesday’s results and the ongoing CMA investigation into the Booker merger.
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NewsCity snapshot: Finsbury Food confirms closure of lossmaking Grain D'Or bakery
Finsbury Food Group has this morning confirmed that it will close its London-based bakery business Grain D’Or, with 250 staff facing redundancy.