All Finance articles – Page 533
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News
Administrators close nine Food Retailer Group Budgens stores
Food Retailer Group fell into administration on 10 February
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Media Bites 1 March: Unilever, Kraft Heinz, Greggs, Sainsbury's, BHS
Unilever boss Paul Polman was paid 20% less last year than in 2015, taking home €8.4m, according to the group’s latest annual report.
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City snapshot: Premier Foods strikes agreement with Hong Kong hedge fund
Activist investor Oasis Management is set to further build its stake in Premier Foods after entering a customary relationship agreement
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Greggs rules out 'shrinkflation' as ingredient costs spiral
Greggs CEO Roger Whiteside has promised its staple sausage rolls won’t be affected by ‘shrinkflation’ as the chain seeks to combat the growing threat of rising ingredient prices.
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Neil Turton made chief operating officer at Co-operatives UK
The COO role is a newly created position and Turton will work closely with secretary general Ed Mayo
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Sainsbury's Argos appoints Gary Kibble as marketing director
Gary Kibble will lead marketing of the newly acquired Argos brand
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City snapshot: Greggs to cut manufacturing jobs as cost pressures mount
Greggs has reported another solid rise in annual sales and profitability, but has announced it will reduce its manufacturing staff base. Plus all the latest news from the City
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Media Bites 28 Feb: Tesco, ABF, B&M
Tesco is demoting 1,600 managers at its convenience stores and cutting their pay.
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McColl’s vows to continue convenience acquisitions as store numbers break 1,000
McColl’s plans to continue its acquisitive push in the convenience grocery sector, despite having only received regulatory approval for its buyout of almost 300 Co-op stores in the weeks before Christmas.
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Associated British Food profits lifted by higher sugar prices
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.
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Wild Beer asks the crowd for £1.5m for new brewery
The Wild Beer Company is the latest craft brewer to turn to the crowd to raise cash as it kicks off a £1.5m funding drive later this week.
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City snapshot: McColl's lays foundations for 'transformational' growth
McColl’s said this morning in its annual results that the foundations for “transformational” growth have been laid as it opened the first of the 300 stores bought from Co-op.
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Media Bites 27 February: Unilever/Kraft Heinz, Warren Buffett, Tesco/Booker, gin
The fallout from the failed Unilever Kraft-Heinz merger continues to generate headlines as the weekend papers reveal more of the backroom machinations during the brief pursuit.
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Unilever shareholders benefit despite failure of takeover
Unilever shareholders may have missed out on the 18% premium but they have been left sitting on a tidy 12.5% profit
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City snapshot: Restructuring hits Adelie’s bottom line
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group after making a £15m opperating loss last year. Plus, Lily’s Kitchen, Unilever/Kraft Heinz and all the latest news from the City.
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Media Bites 24 Feb: Business rates, British American Tobacco, John Lewis
The government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties.
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Adelie looks to rebuild under new owners ICG
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group.
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Analysis & Features
Will Warren Buffett and his Kraft-Heinz mob be back?
The £115bn bid for Unilever has been called off, but it’s sent shockwaves through the fmcg sector
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Cauli Rice hits over £3m in crowdfunding
Cauli Rice has raised £1.4m from a massively oversubscribed crowdfunding campaign – more than £1m higher than its initial
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Cotswold Raw picks up private funding to hike production
Premium dogfood startup’s crowdfunding campaign failed to hit its £250k target