All Finance articles – Page 724
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NewsCity Snapshot: Thorntons and Moy Park acquired as UK M&A activity heats up
Troubled chocolatier Thorntons is to be acquired in a deal worth £112m by Ferrero and chicken processor Moy Park has been sold by Brazilian parent Marfrig for $1.5bn
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NewsMedia Bites 22 June: Tesco, M&S, Illy
The papers look at what Tesco CEO Dave Lewis can expect at this Friday’s AGM as the supermarket giant is expected to reveal a further fall in sales
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NewsFirst Milk admits £22m losses in past financial year
First Milk accumulated pre-tax losses of around £22m during its past financial year, the dairy co-op has confirmed.
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NewsSoft drinks wholesaler JC Sudders ceases trading
Soft drinks wholesaler JC Sudders has ceased trading after going bust, leaving 20 staff without jobs…
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NewsJohnstone's Just Desserts "mis-stated" trading before collapse
The cake supplier issued invoices totalling £1.6m for products that had not been supplied
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NewsCity Snapshot: Fyffes pushes up profits forecasts
Irish fruit company Fyffes has significantly increased its earnings targets for 2015; Irish forecourt operator starts trading on the London and Dublin junior markets; and Waitrose has a demanding week. Plus the latest share price movements.
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NewsMedia Bites 19 June: Dunnhumby, Poundland, BHS
Google is teaming up with private equity firm Permira to make a joint bid for Tesco’s data business Dunnhumby; subdued trading at Poundland spooks the City; and BHS is reviewing the future of its flagship Oxford Street store in London.
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NewsCity News: Majestic Wine shares slide back on weak profits
Some of the gloss was chipped off Majestic Wine’s £70m takeover of Naked Wines in April…
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NewsAppetite for Charlie Bigham’s posh meals drive sales growth
Sales at Charlie Bigham’s have grown again despite a “fiercely competitive” grocery market and rising food costs as consumer appetite for its posh ready meals continues to get bigger.
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NewsPoundland shares sink despite £1bn breakthrough
Shares in Poundland sank more than 6% this morning despite sales at the discount retailer breaking the £1bn barrier for the first time.
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NewsMedia bites 18 June: Waitrose, MSRA, Rémy Cointreau
Waitrose’s innovative new scheme to allow customers to choose their own special offers has hit the headlines this morning.
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NewsCity snapshot: Profits up 18.6% at Poundland but it cautions over first half trading
Poundland’s full-year underlying pre-tax profits were up 18.6% to £43.7m as annual sales hit £1bn for the first time, plus board changes at Poundland and the FTSE 100 hits a five month low.
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NewsNew Booker chairman is former Müller Dairies boss Stewart Gilliland
Booker has this morning announced that Stewart Gilliland will replace Richard Rose as non-executive chairman.
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NewsCity Snapshot: Co-op drops fruit & veg prices as it enters price war
The Co-operative Group has waded into the supermarket price war with £125m committed to slash the cost of fruit and veg across its 2,800 UK stores. Plus Rimmel mascara maker Coty is close to taking over $12bn worth of Procter & Gamble’s beauty assets.
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NewsMedia Bites 17 June: Co-op, Coty, Nestlé, Woolworths
The Co-operative Group is to invest £125m to cut the prices of fruit and veg in its 2,800 UK stores; Rimmel mascara owner Coty is close to taking over $12bn worth of Procter & Gamble’s beauty assets; and Nestlé is cutting 15% of its workforce across 21 African countries.
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NewsMilk prices could go up without affecting demand, survey suggests
A survey of 1,270 milk drinkers by Mintel found that 51% of consumers would be prepared to pay more than £1 for four pints
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NewsMark Allen set for £1.2m pay-out for 'transforming' Dairy Crest if Müller deal a success
Dairy Crest CEO Mark Allen is in line for a potential £1.2m windfall if the proposed £80m acquisition of its liquid milk operation by Müller gets signed off by the UK competition watchdog.
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NewsGrowing Majestic’s online sales is not the priority, says Rowan Gormley
A number of commentators predicted that Majestic Wine’s takeover of Naked Wines would enable it to supercharge its online growth
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NewsCity Snapshot: Applegreen worth €300m after winning the backing of City funds
Irish forecourt operator Applegreen has revealed its flotation later this month will value the group at €299.7m (£218.8m) after winning backing
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NewsMedia Bites 16 June: Majestic Wine, Metro
All the papers follow The Grocer’s lead the morning with news that Majestic Wine is trialling selling single bottles of wine in the hope of winning new customers.