Finance news – Page 581
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NewsPremier Foods shareholders protest re-election of chairman over McCormick affair
Premier Foods shareholders have given chairman David Beever a rebuke at the AGM over his handling of the failed McCormick takeover with more than 12% objecting to his re-election to the board.
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NewsNew BRC chair Richard Baker calls for end to Brexit self-pity
Retailers must stop feeling sorry for themselves over Brexit and accept the public want change, new BRC chairman argues
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NewsOrganic sales back to pre-2008 levels as sales near £2bn
A third consecutive year of growth is set to push organic food past sales levels last seen before the 2008 financial crisis
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NewsSouthern Co-operative buys six My Locals
Southern Co-operative said it was maintaining as many of the c-stores’ existing special offers as possible
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NewsNFU fake farms complaint 'unlikely to lead to prosecution'
NFU’s complaint to Trading Standards over ‘fake’ farm branding “unlikely” to lead to any prosecutions say legal experts
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NewsUnilever posts 4.7% first half growth in “challenging markets”
Underlying growth was partly drive by a 2.2% rise in volumes
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NewsMedia Bites 21 July: Mondelez/Burton's, Dollar Shave Club, Brexit
Mondelez has reportedly approached Burton’s Biscuits, the owner of Wagon Wheels, with an offer to buy its Cadbury licence.
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NewsWaterfall Catering Group sale to Elior provides tasty exit for LDC
The deal provides LDC, which backed a £20m secondary buyout in December 2014, an exit, generating a 2.6x return on its investment.
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NewsArla brand to be worth £400m by 2020 as dairy co-op sets out new strategy
The dairy co-op intends to become the “champion of British dairy”
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NewsUnilever accelerates e-commerce strategy with Dollar Shave Club deal
Dollar Shave Club offers male grooming products on subscription in the US
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NewsMedia Bites 20 July: SABMiller, Monsanto/Bayer, Store Twenty One
SABMiller directors will discuss mounting frustration among some of its shareholders over the AB InBev mega-brew takeover; and Monsanto rejects a sweetened offer from Bayer.
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NewsCity snapshot: Gusbourne to raise £10m in bonds issue
English sparkling wine producer Gusbourne is aiming to raise up to £10m through a bonds issue to spend in its vineyards and increase its stocks.
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NewsNFT Distribution snaps up chilled food logistics firm NR Evans
The acquisition of the temperature controlled distribution business NR Evans will strengthen NFT’s offering in the chilled, ambient and dairy fmcg supply chain.
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NewsGCL Food Ingredients on expansion drive with £1m funding
Wholesale food and drinks supplier Giorgio’s Continental is widening its product range and taking on more staff thanks to a £2.5m investment in its site and a £1m bank funding package.
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NewsMy Local administrators confident of more store sales to come
Administrators at My Local have sold 26 of the failed retailer’s convenience stores since being appointed, with hopes to offload another 16 in the coming days and weeks.
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NewsCity snapshot: SSP Group lifted by weak pound
Travel concession group SSP gets revenue boost from the weak pound in Q3 but continued to be affected by the terror attacks in Europe. Plus, Dairy Crest updates on Q1 ahead of AGM; Carr’s warns of difficult markets in wake of Brexit; and John Menzies appoints chairman.
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NewsConviviality share price boosted as sales more than double
Shares in Conviviality leapt 10% today as revenues more than doubled to £864.5m and the drinks group said the integration plan for Matthew Clark and Bibendum was ahead of expectations.
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NewsUK footfall suffers sharpest decline since February 2014
The latest BRC figures show retailers suffered a 2.8% year-on-year fall in shopper numbers in June, with high streets part…
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NewsNFU launches official complaint over ‘fake’ farm branding
Farmers’ union concerned that brands such as Tesco Farms and similar discounter brands are misleading to shoppers
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NewsFinsbury Food confident in face of Brexit uncertainty
Speciality bakery Finsbury Food said the enlarged group was “well equipped” to weather any potential Brexit storm as it reported sales growth of 25% following the integration of Fletchers and Johnstone’s.