Finance news – Page 572
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NewsDiamond Foods completes its takeover of Metcalfe's Skinny
Diamond picked up a 26% stake in the premium popcorn brand in January, in a transaction thought to be worth more than £3m
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NewsMy Local owes unsecured creditors over £16m, KPMG report reveals
Nisa says it does not expect the administration “to have a material impact” due to insurance
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NewsThird quarter like-for-like sales down 1.8% at McColl’s
McColl’s Retail Group has reported a 1.8% rise in total sales in the 13 weeks to 28 August, but a 1.8% dip in like-for-like sales
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NewsMedia Bites 1 Sep: Tesco, Steinhoff/Poundland, M&S
The Tesco accounting scandal will continue to be investigated by the industry watchdog even though it has cleared the retailer’s former chief financial officer of wrongdoing.
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NewsTesco’s former finance boss no longer under FRC investigation
There was ‘no realistic prospect that a Tribunal would make an adverse finding in relation to the conduct” of McIlwee, the FRC said
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NewsMore signs of dairy market recovery as Müller ups its milk price
Dairy processor hopeful markets have finally ’turned corner’
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NewsAmazon Prime Now extended in North London and East of England
Amazon has been rapidly expanding its Prime Now offering since its launch in London last June
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NewsCity snapshot: Consumer confidence increases as Brexit nerves ease
GfK’s Consumer Confidence Index has increased by five points this month to -7 as worries over the implication of Brexit begin to settle down. Plus all the rest of the latest news from the City.
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NewsMedia Bites 31 Aug: M&S/ABF, Mondelez/Hershey, Consumer confidence
Analysts back Primark and M&S to cash in on post-BHS high street.
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NewsAmazon launches one-click Dash button in the UK with 48 brands
Launch comes over a year after the buttons made their debut in US market
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NewsArmaghdown Creameries reports sales drop of more than a third
Northern Ireland-based supplier sees sales plummet due to effects of “continued downturn in the global dairy markets”
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NewsMondelez abandons Hershey takeover deal
Mondelēz announced yesterday it has abandoned its bid for Hershey after deciding “there is no actionable path forwards”
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NewsMedia Bites 30 Aug: M&S, Supermarket shares, Mondelez
The new boss of Marks & Spencer is planning a U-turn on his predecessor’s foray overseas.
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NewsPropercorn confirms £7m cash injection
Fast-growing UK popcorn brand Propercorn has confirmed it has received a £7m investment from private equity player Piper and JamJar
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NewsMega-brew merger puts UK jobs at risk as London head office closure confirmed
AB InBev’s buyout of SABMiller is “likely” to involve the loss of UK roles after the offer document confirmed plans to establishe a global HQ in Leuven, Belgium
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NewsRio summer boosts sales but not everyone's a winner
Tropical temperatures and Team GB’s efforts in Rio helped the supermarkets record their best sales for almost three years
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NewsCity snapshot: Non-EU exports boom pre-Brexit
New FDF figures show non-EU food and drink exports are rapidly growing and make up almost a third of total exports
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NewsMedia Bites 26 Aug: Consumer spend, Discounters, PizzaExpress
Consumer spending surged to a six-month high in August as tourists flocked to UK high streets to take advantage of the weak pound, according to the CBI.
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NewsBargain stores overtake Aldi and Lidl in popularity
Sales at variety discount stores such as Poundland, B&M and Home Bargains have soared by 17% to £4.9bn in the past year.
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NewsNon-EU exports of UK food & drink soar 14%
Food and drink exports to non-EU countries rose by 14% year on year in the run up to the Brexit vote, new figures from the FDF have revealed