All Finance articles – Page 652
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsTesco sells Homeplus to investors for £4.2bn
The sale marks another step in the scaling down of the global empire built by Sir Terry Leahy and Philip Clarke
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NewsCity snapshot: Tesco agrees to sell Homeplus
Tesco has agreed to sell its South Korean retail arm Homeplus to a consortium led by MBK Partners for £4.24bn, plus Associated British Foods warns over sugar and currency impact and all the rest of the news from the City.
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NewsMedia Bites 7 Sep: Quorn, Tesco/Homeplus, Morrisons
Quorn is at the centre of a £500m takeover battle between frozen food giants Nomad and McCain, according to weekend reports.
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Comment & OpinionExporters shouldn't be put off by strong pound, says FDF's Ian Wright
Many food and drink exporters reading our latest exports report will be aware of the continued strength of the pound…
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NewsExport figures dragged down by plunging value of euro
The UK food & drink industry has been hit by a slump in exports in the first half of 2015…
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NewsAbsolut drives spirited Pernod Ricard performance in UK
Absolut vodka - the brand responsible for a €404m write-down in Pernod Ricard’s annual results - has driven a strong performance by the business in the UK.
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NewsThe Co-op Group rules out any move into online grocery sales
The Co-operative Group has ruled out launching an online grocery business
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NewsCity snapshot: August high street sales suffer worst slump for seven years
High street sales in August have suffered their biggest slump since the depth of the financial crisis in 2008.
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NewsMedia Bites 4 Sep: The Co-op, Tesco, Morrisons
The major grocery story in the media this morning is The Co-op’s return to half year profitability announced yesterday.
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NewsMcColl's points to premium store "outperformance" despite sales dip
McColl’s strategy of concentrating on premium convenience stores has been vindicated, according to chief executive James Lancaster, despite a 2.3% fall in third quarter like-for-like sales.
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NewsCMA approves Booker’s acquisition of Londis and Budgens
Booker has received regulatory clearance from the UK’s Competition & Markets Authority for its acquisition of Musgrave Retail Partners GB, which runs the Londis and Budgens chains in Great Britain.
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NewsStrong food performance puts The Co-op back in the black
A “robust” trading performance from the food business has put The Co-operative Group back in the black, the business announced this morning
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NewsMedia Bites 3 Sep: MBK Partners to buy Tesco's South Korean arm
Tesco has named a consortium led by South Korean buyout group MBK Partners as the preferred bidder for its business in the country, according to reports.
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NewsCity snapshot: Booker gets green light for Londis and Budgens takeover
The Competition & Markets Authority has cleared Booker Group’s acquisition of Londis and Budgens as Booker’s 10-week like-for-like non-tobacco sales rise 0.5%.
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Comment & OpinionAldi flies the Union flag for Rio Olympics
Will Aldi’s sponsorship of British athletics prompt other retailers to start shouting more about their British credentials?
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NewsTesco pays more for milk going into its own-label cheese
The retailer will pay suppliers 29.93 pence per litre until 28 February 2016
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NewsCity snapshot: Lenta issues bond to fund store expansion plans
UK-listed Russian supermarket chain Lenta is seeking to raise RUB5bn (£49m) via the bond markets to fund new store openings, Morrisons teeters on the edge of FTSE 100 demotion and the City is hit by more Chinese economic woes.
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NewsMedia Bites 2 Sep: Poundland, UK manufacturing, contactless payments
On a quiet day for grocery news, the major story is yesterday’s announcement by Poundland that it is launching an online service.
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NewsContactless payments tipped to soar as new £30 limit comes in
The average supermarket shop of £25.17 now falls below the contactless payment limit