All Finance articles – Page 467
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NewsMedia Bites 13 July: Walmart, B&M, Ocado
Walmart has approached bankers about a potential sale of its struggling Seiyu supermarket chain and exit from Japan following a tumultuous 16 years in the market.
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NewsWeetabix profits fall as Post takes the reins
Profits at Weetabix slid in the run-up to its £1.4bn sale to US group Post Holdings amid “management distraction” around the sales process and rising costs, according to newly filed accounts.
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Rankings10 biggest alcohol brands in the UK
These are the 10 biggest alcohol brands in Britain ranked by sales for the year to 21 April 2018
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NewsTrigo Vision gains $7m funding for checkout-free store system
The $7m in funding, from Hetz Ventures and Vertex Ventures, is to be used to grow the research and development team…
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NewsB&M’s first quarter sales rise 21.3% despite organic slowdown
B&M Bargains owner B&M European Value Retail has reported a 21.3% jump in first quarter group revenue, driven by new store openings, international growth and a small rise in organic sales.
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NewsMedia Bites 12 July: Unilever, Tesco, Sainsbury's
A top-five shareholder in Unilever has warned of forced selling of the consumer giant’s shares as unrest grows among British investors worried that the group has been “totally unreceptive” to fears over its HQ move to the Netherlands.
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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