All Finance articles – Page 459
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NewsMRH boss Karen Dickens to step down following MFG takeover
CFO Steve Back will leave after a three to six month transition period
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NewsBlakemore to close final five depots it has been unable to sell
The wholesaler has previously sold four and closed three other sites
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NewsSainsbury’s appoints Martin Scicluna as chairman
Sainsbury’s has announced it will appoint former Deloitte and RSA Insurance chairman Martin Scicluna as its new non-executive chairman to replace David Tyler.
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NewsMedia Bites 11 July: M&S, Ocado, Tesco, Premier Foods
A hectic day of grocery and retail coverage includes M&S’ AGM, Ocado’s first half results, Charles Wilson stepping back at Tesco and an activist investor upping its stake in Premier Foods.
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NewsPremier Foods activist investor Oasis doubles down in bid to out CEO
Oasis Management, which described the company’s performance under Darby as “zombie-like”, has increased its stake from 9.1% to 17.3% a week ahead of Premier’s AGM
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NewsOcado working on rapid delivery option to boost growth
Currently Ocado can deliver by 4pm on the same day for orders placed before 11.30am, while Amazon Prime Now can deliver in as little as one hour
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NewsModern Baker secures £100k for R&D into healthier bread
The £100k from Innovate UK means the startup has received more than £1m of government funding in the past 18 months
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NewsTesco UK boss Charles Wilson steps down following cancer diagnosis
During May and June, Wilson has been undergoing daily radiotherapy
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NewsOcado swings to first half loss amid increased investment
Ocado has posted a first half pre-tax loss of £9m as its investments capacity, technology and international expansion hit its bottom line.
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NewsMedia Bites 10 July: Premier Foods, Retail sales, Starbucks
One of the two shareholders trying to oust the chief executive of Premier Foods has trebled its stake in the British food manufacturer.
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NewsCo-op likely to return for Costcutter as £15m bid revealed
Co-op’s deal to supply Costcutter kicked-off on 28 May
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NewsLondon craft brewery Fourpure snapped up by Aussie brewer Lion
London craft brewer Fourpure has been snapped up by Aussie brewing giant Lion for an undisclosed sum
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NewsHome Bargains named and shamed for underpaying staff
The government found Home Bargains had underpaid 6,743 workers by a total of £272,228.44
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NewsImperial and JTI may struggle to recover P&H loans
PwC said tobacco suppliers could expect between 0% and 58% of the £66.1m they were due
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NewsCity snapshot: Co-op's audacious £15m bid for Costcutter rebuffed
The Co-op Group has made an audacious bid to buy convenience retailer Costcutter for around £15m, according to weekend reports. Plus, two more of Premier Foods’ largest shareholders back a campaign to oust CEO Gavin Darby, a look at the financial calendar this week and all the rest of the latest news from the City.
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NewsMedia Bites 9 July: Co-op/Costcutter, 2 Sisters, Palmer & Harvey
The Co-operative Group has made a failed £15m takeover approach for Costcutter that would have created a grocer with more than 4,000 shops (Sunday Times, Sky News).
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Analysis & FeaturesTesco prices rise faster than rivals for more than a year
The latest Grocer Price Index shows Tesco has overseen price rises at a faster rate than its rivals every month for an entire year
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NewsSainsbury's shares boosted as Asda merger gets a step closer
Sainsbury’s (SBRY) reaffirmed itself as the slowest growing of the major UK grocers on Wednesday, but it’s the City shrugged off its stagnant sales to focus on news its mega-merger with Asda is a step closer.
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NewsNoble Foods sees pre-tax profits drop amid falling egg prices
Newly filed accounts at Companies House show pre-tax profits slumped by 78.8% in the year to 30 September 2017.
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NewsYoung's reveals losses as bidders raise interest
The seafood supplier recorded a 5.4% upturn in sales over the year