All Finance articles – Page 450
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NewsWaitrose the second major retailer to cut back its property team
A restructure will see the merger of the previously separate property functions of Waitrose and its parent company John Lewis
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NewsFuller's outlines craft beer expansion and ESB overhaul
It comes as traditional-style bottled ales face a significant challenge from trendier, posher brands in the supermarkets
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NewsMeadow Foods kicks off acquisition drive with takeover of ghee maker Roil Foods
It is the first deal at Meadow since US private equity firm Paine Schwartz Partners took a stake in the processor in late 2016 to help fund organic growth and strategic acquisitions.
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NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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NewsMedia Bites 21 Feb: Tesco/Booker, Walmart/Asda, KFC
Investors in Booker Group have been told by a second shareholder advisory group to vote against a planned £3.7bn takeover by Tesco, writes The Times (£)
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NewsGove pledges to put farmers back at heart of policy making
Gove tells NFU conference he is committed to avoiding a Brexit “race to the bottom” in standards or deregulation
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News'We warned KFC over delivery contract switch' claims GMB
The switch led to 255 redundancies at Bidvest Logistics and the closure of one of its depots.
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NewsCity snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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NewsMedia Bites 20 Feb: Reckitt Benckiser, McColl’s, Russell Hume
“Swallowing rivals fails to fatten up Reckitt”, write The Times (£) as the consumer group’s flat-lining revenues hit its share price. Plus, McColl’s shares drop after P&H blow, Russell Hume collapses and more.
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NewsReynolds buys Wimbledon-based greengrocer Solstice
Solstice had been in administration before being acquired by Reynolds…
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NewsRussell Hume goes into administration
The meat supplier has been under investigation by the Food Standards Agency over labelling concerns since late January
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NewsDHL supply problems close hundreds of KFC restaurants
KFC had just gone live with DHL and QSL to manage supply and distribution to all 900 UK outlets
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NewsMorrisons buys Yorkshire egg supplier Chippindale Foods
The deal will allow Morrisons to bring forward the date at which all its eggs will come from non-caged hens
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NewsHenderson takeover of McColl's stores gets CMA go-ahead
The CMA launched a phase one investigation into the deal last month
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NewsMedia Bites 19 February: Matt Davies, Tesco, Reckitt Benckiser, Greene King
The former UK boss of Tesco is to become one of the FTSE 350’s youngest chairman after landing a job at online retailer N Brown.
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NewsCity snapshot: Sales surpass £1bn at McColl's
Annual sales at McColl’s Retail Group smashed through the £1bn barrier last year thanks to the rapid expansion of its store portfolio. Plus, a return to growth in the fourth quarter failed to lift Reckitt Benckiser as the Dettol to Durex maker reported flat like-for-like sales for 2017.
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NewsHop Stuff brewery ends crowdfunding drive after smashing £400k target
It has raised over £700k from 968 investors to fund the brewery’s growing taproom estate.
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NewsGCA role will not be extended to cover primary producers
More retailers with sales of more than £1bn could be added to the code remit, but announcement will be a huge blow for campaigners who have long called for an extension of the powers
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NewsTough Christmas sees Ultimate Plum Pudding Company collapse
All 20 employees at the Cumbrian company have been made redundant
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NewsProfits at Pukka Pies plunge 45% despite rising sales
A hike in the cost of raw materials ate into the Leicestershire-based pie-maker’s margins