Finance news – Page 585
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NewsCity snapshot: Refresco bulks up finances for more deals
European drinks bottler Refresco Group has refinanced its €672m loan facility to help fund more acquisitions.
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NewsWilko hails 'year of recovery' as sales grow for first time in three years
Wilko has halted three consecutive years of declining sales thanks to a “buoyant” Christmas and its growing portfolio of stores
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NewsMixed picture for UK grocery revealed by latest market share data
The uncertain trading environment for UK grocers was compounded by the release this week of market share figures
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NewsNisa beats profit forecast in “transformational year”
Highlights included a 6% increase in fresh sales to £201m while Heritage own label sales were up 7.9%
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NewsOcado suffers rollercoaster as Brexit vote hammers market
Ocado shares leapt by 8% to 226p on Tuesday after it announced a 15% jump in first-half sales to £584m
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NewsWaitrose profits slump as John Lewis pension costs bite
Waitrose pre-tax profits slumped 17.4% last year as the supermarket slugged it out in a brutal price war with the big four and the discounters.
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NewsPurity presses ahead with £4m investment despite Brexit shock
The investment is intended to “propel the business forward”
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NewsCity snapshot: Hershey rejects $23bn Mondelez bid
Hershey said last night it had “unanimously” rejected an initial takeover approach from Mondelez International
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NewsMedia Bites 1 July: AB InBev, Hershey/Mondelez, BHS
AB InBev has secured regulatory clearance for its SABMiller takeover in South Africa, but the EU has launched an investigation into its position in Belgium.
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NewsBrexit: loss of launchpad role puts UK food deals at risk
Global players may no longer view a UK that is outside the single European market as the ideal beachhead for an expansion
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NewsJeff van der Eems to aid Continental Bakeries in biscuits
It comes as Goldman Sachs and investment firm Silverfern completed the acquisition of Continental Bakeries from NPM Capital
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NewsMy Local's CEO apologises as company enters administration
My Local has closed 90 stores this week while 32 remain open
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NewsBernard Matthews on the block as owner puts up 'for sale' sign
The private equity owner of Bernard Matthews has put the turkey giant up for sale, PwC has confirmed.
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NewsCity snapshot: Consumer confidence down pre-Brexit
GfK’s consumer confidence index remained in negative territory last month as the public worried about the UK’s economic prospects even before the vote to leave the EU
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NewsMedia Bites 30 June: My Local, Greene King, Consumer confidence
Convenience store chain My Local officially entered administration last night, reports say.
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NewsCrawshaw appoints McMeikan as like-for-like sales fall
Like-for-like sales at value meat retailer Crawshaw dipped as footfall on the street decline in recent months. It also appointed Brakes CEO Ken McMeikan as a non-executive director
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NewsMenzies Distribution workers vote to strike over 'pitiful' pay offer
Unite members voted 86% in favour of strike action and 91% for industrial action short of a strike
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NewsMedia Bites 29 June: My Local, Ocado, Brexit, Molson Coors, BHS
Troubled convenience chain My Local has closed almost 90 stores in the past few days and let more than 1,200 workers go as it faces administration, according to this morning’s papers.
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NewsCity snapshot: Greene King sales fizz but boss worries about Brexit impact
Revenues at Greene King have risen 58% to £2.1bn in a “transformational” year for the brewer and pub group in which it acquired the Spirit Pub Company
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NewsOcado claims Amazon Fresh launch has had ‘absolutely no impact’ on its business
Ocado continued to perform very strongly in the 69 postcodes where Amazon Fresh now operates, CEO Tim Steiner said