Finance news – Page 592
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NewsMedia Bites 1 June: Co-op, AB InBev, Home Retail Group
After a quiet start to the short week in the world of grocery retail, there is not a great deal in this morning’s papers, but news that the Co-op is selling off the final remains of its crematorium business in a £43m deal to listed funeral firm Dignity gains coverage.
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NewsTesco stabilises but conditions still tough for big four
All of the big four supermarkets have suffered sales losses in the 12 weeks to 22 May despite managing to retain shopper numbers
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NewsMorrisons announces £200m bond buyback plan
Morrisons has announced it intends to buy back £200m of corporate bonds to reduce its outstanding debt.
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NewsR&R Ice Cream’s first quarter sales drop 1.3%
Sales at R&R Ice Cream fell by 1.3% in the three months to 31 March 2016 due to exiting unprofitable contracts in its German business and tough trading conditions in the UK.
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NewsHaughton Honey targets mults with crowdfunding cash
Premium honey brand Haughton Honey has beaten its £80,000 crowdfunding target after attracting a swarm of more than 200 investors.
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NewsFairway Foodservice passes £600m sales with 13% growth
Buying group is made up of 13 wholesale members
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NewsNestlé to pay up to €100m to sell child milk allergy test
Nestlé will pay €10m upfront to help fund the development of the patch test
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NewsMedia Bites 31 May: Sainsbury's, Tesco, BHS
The weekend’s major news in terms of the grocers was the UK Competition and Markets Authority announcing it is considering launching an investigation into the £12.4bn takeover of Home Retail Group by Sainsbury’s.
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NewsSugro set to top £1bn in sales as turnover rises 10%
MD Philip Jenkins said growth was due to member recruitment and creative marketing
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NewsRowe's comments send shockwaves through the City
Steve Rowe’s ascension to the Marks & Spencer hotseat was widely welcomed, but his first set of annual results at the helm of the high street stalwart sent shockwaves through the City.
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NewsFerrero UK losses escalate to £16m as it targets choc top spot
Chocolatier Ferrero has suffered an escalation in UK losses after investing heavily in its quest to grow sales
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NewsCity snapshot: Profits plummet at smoothie maker Innocent
Profits have plummeted at smoothie maker Innocent Drinks as its exit from food products hit trading
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NewsMedia Bites 27 May: B&M Bargains, Tate & Lyle, BHS
“Bargain retailer B&M delivers premium results”, write The Times (£) this morning after the B&M Bargains owner saw sales top £2bn last year.
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NewsInnocent growth plan pushes it into the red
Profits have plummeted at smoothie maker Innocent Drinks for the second year in a row
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NewsUK store openings drive B&M's revenues above £2bn
B&M Bargains owner B&M European Retail saw revenues top £2bn in the year to 26 March 2016, driven by new store openings.
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NewsM&S marks four millionth customer for Sparks loyalty scheme
Retailer planning more personalised offers to customers through the card while reducing price promotions
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NewsCity snapshot: Earnings up 5% at Tate & Lyle after year of restructuring
Group sales of £2.4bn were 1% higher than the prior year
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NewsMedia Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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NewsIndustry reaches sustainability agreement on Arctic cod
The agreement follows concerns raised by Greenpeace over fishing in previously untouched areas of the Norwegian Arctic
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NewsBritish strawberries set for a record year, say growers
Crop set to hit 74,000 tonnes this season as it benefits from better availability