Finance news – Page 591
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NewsFood sales show best momentum since October
Overall UK retail sales increased by 0.5% on a like-for-like basis from May 2015
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NewsMedia Bites 7 June: BHS, Retail sales, Asda
Calls for more investigations into the collapse of BHS dominate the headlines once more today.
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NewsPremier Foods CEO Gavin Darby opts to receive annual bonus entirely in shares
Premier Foods CEO Gavin Darby opted to receive the entirety of his £599k annual bonus in shares, the company’s newly released annual report has revealed
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NewsConviviality appoints former Carlsberg UK boss as MD of trading division
Lousada was in charge of Carlsberg UK from January 2014 to October 2015
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NewsTesco predicts Ramadan sales of up to £30m
10kg bags of rice are expected to sell at rate of 4,000 a day
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NewsMedia Bites 6 June: Sainsbury's, M&S, Asahi, Diageo, BHS
The weekend was dominated by the fallout of the final collapse of BHS, but there was still room for a preview of the upcoming Sainsbury’s Q1 results.
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NewsCity snapshot: Walmart fighting talk sends UK supermarket shares spiralling
Aggressive talk from Asda owner Walmart about plans to turn up the heat in the UK price war sent investors running from supermarket stocks.
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NewsSainsbury’s CEO Mike Coupe bags bumper bonus
Sainsbury’s boss Mike Coupe’s pay packet has increased 65% to £2.8m in his first full year as CEO thanks to an annual bonus of almost £800k despite profits at the supermarket slumping 14% last year.
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NewsGiles Brook backs Dalston's revamp as it scales up
Dalston’s has also brought in Cawston Press sales director Dan Broughton as MD
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NewsMedia Bites 3 June: BHS, PureCircle
As a quiet week for grocery and retail draws to a close, BHS is inevitability in the spotlight this morning after finally collapsing yesterday.
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NewsCity snapshot: Dalston Cola attracts investment from Giles Brook
Serial entrepreneur Giles Brook has backed premium soft drinks brand Dalston Cola to help the business scale up
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NewsSainsbury's shares suffer on news of 1.2% sales decline
The supermarket’s 1.2% sales decline over the 12 weeks to 22 May caused its shares to plunge by 4.3% to 256.9p
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NewsTiptree reports record turnover, but profits hit by factory costs
The record turnover of £40.6m in 2015 was driven by growth in the catering and ingredients channels
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NewsBHS to liquidate after search for a buyer fails
BHS is to shutter its 163 stores at the potential cost of 11,000 jobs after administrators failed to find a buyer for the troubled retail chain.
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NewsOliver Morton to join Kellogg's as UK sales director
Morton will come from his role as sales director for Wrigley UK
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NewsPureCircle Stevia shipments blocked by US customs over human rights allegations
PureCircle calls these allegations “inaccurate” and it “is making every effort to resolve the situation”
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NewsMedia Bites 2 June: Kantar Worldpanel, Sainsbury's, BHS
The papers this morning focus on the bad news for Sainsbury’s in the latest Kantar Worldpanal market share figures
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NewsHain Celestial to sell fruit juice business to appease CMA
Hain Celestial has offered to sell its UK own-label freshly squeezed fruit juice business to ease competition fears surrounding the acquisition of Orchard House Foods.
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NewsSpar International appoint Graham O'Connor as president
O’Connor succeeds Spar Ireland chairman Leo Crawford who has held the role since 2005
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NewsBridgepoint acquires Turkish dried fruit and snacks supplier Peyman
UK-based private equity house Bridgepoint has acquired Turkish packaged dried fruit, nuts and seeds producer Peyman for an undisclosed sum.