All Finance articles – Page 577
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NewsKellogg’s cereal hub snapped up for £23.5m
Real estate investment trust Tritax Big Box has purchased a huge Kellogg’s distribution hub in Manchester for £23.5m
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NewsOcado to deliver Morrisons store picking in renegotiated deal
Morrisons has agreed to take 30% of the capacity in Ocado’s new customer fulfilment centre in Erith
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NewsMedia Bites 9 August: Tyrrells, Walmart
Two big US deals are the focus in today’s papers in terms of retail news as Tyrrells is sold to Amplify Snacks and Walmart buys Jet.com.
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NewsSun shines on retailers in July despite Brexit uncertainty
Food retailers brushed off uncertainty created by the EU referendum result as a July heatwave boosted sales.
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NewsWalmart shows online ambitions with $3.3bn Jet deal
Walmart has swooped for online retailer Jet.com in a $3.3bn deal as it seeks to battle the dominance of Amazon.
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NewsAbbey Logistics MBO backed by NorthEdge
Liverpool-headquartered Abbey was set up more than 25 years ago by the Lucy family specialising in the liquid food ingredients transportation market.
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NewsHighland Speciality supplier undergoes MBO
Highland Speciality supplier Right Angle Marketing has been acquired from its founders in a management buyout.
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NewsTyrrells sold for £300m to US group Amplify Snack Brands
caPremium crisps brand Tyrrells has been sold to US-listed Amplify Snack Brands for £300m by its private equity owner Investcorp.
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NewsSabana fruit supplier falls into administration
A supplier of pomegranates, kiwis and other exotic fruits to UK supermarkets has collapsed after rescue attempts failed.
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NewsCity snapshot: Brexit fails to dent consumer spending in July
Warmer weather throughout July saw consumers loosened their purse strings to spend more on going out and clothes despite the uncertainty created by the vote to leave the EU.
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NewsMedia Bites 8 August: Poundland, SABMiller, Nestlé, Aldi
The tussle for Poundland has intensified as US hedge fund Elliott upped its stake in the fixed priced retailer giving rise to speculation that Steinhoff will be forced to up its £600m bid. Plus, The Mounties prepare a $4bn for SABMiller brands in Europe, and the Nestlé boss commits to the UK despite Brexit challenges.
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NewsFDF boss slammed for backing junk food Olympic sponsorship
Health campaigners have accused companies of dominating their advertising with full-sugar product varieties
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NewsFruit Bowl acquired by Pioneer Food Group in £7.5m deal
Wellness Foods has sold off its last remaining brand to South African cereal manufacturer Pioneer Food Group for £7.5m.
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NewsCity snapshot: Berry Bros & Rudd bounces back
Wine merchants Berry Bros slashes annual losses, the FTSE is boosted by interest rate cut as pound falls again and all the rest of today’s news from the City.
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NewsMedia Bites 5 Aug: ABInBev/SABMiller, Interest rates, BrewDog
Up to 576 UK jobs could go in AB InBev’s takeover of rival brewer SABMiller as AB InBev execs dominate new structure.
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NewsProfits surge at Kraft Heinz but organic sales fall back
Adjusted EBITDA increased 23.1% in the second quarter at recently merged Kraft Heinz despite a dip in organic net sales as integration cost savings kicked in.
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NewsBerry Bros & Rudd slashes losses during year of restructure
The Queen’s wine merchant, Berry Bros & Rudd, has dramatically cut its losses despite a drop in sales
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NewsAG Barr shares hit by weather-driven sales decline
The group has been besieged on a number of fronts in the first half as it battled category deflation
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NewsUnited Wholesale Scotland reports £5m boost with second depot
The Today’s member recorded a turnover rise of 2.5% to £227m for the year to 31 December
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NewsKellogg’s profits improve in Q2 but Brexit to dent revenues in year ahead
Kellogg’s has boosted profits but sales continued to fall, with weakness in the UK cereal market and the Brexit vote to cause greater currency disruption than expected.