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Japanese bank Nomura, which owns Unique Pub Company, Inntrepreneur Pub Company and Inn Partnership, has issued a profits warning.Although its UK pub...
  • Japanese bank Nomura​, which owns Unique Pub Company​, Inntrepreneur Pub Company​ and Inn Partnership​, has issued a profits warning.

Although its UK pub arm Nomura Principal Finance​ has performed well, problems in other parts of its global empire are set to lead to losses of about £2.8bn for the latest financial year.

The wet summer hit sales for soft drinks producer JN Nichols (Vimto)​, which supplies draught products to the on-trade through Cabana Soft Drinks.

Pre-tax profits for the year to December 31 were down 23 per cent to £8.1m while turnover slipped 2.8 per cent to £72.9m.

Allied Domecq​ is set to raise £100m to focus on its key brands by selling a 50 per cent stake in Spanish bakery group Panrico​.

It is to be sold to Panrico chief executive Alberto Costafredo​ for £80m, with a further £20m paid if it is sold or floated.

Don Goulding​, the managing director of UDV UK​, is to temporarily take on the role of marketing after the departure of marketing director Tony Scouller​.

Scouller​ is retiring in June after helping with the integration of his former employer IDV​ with United Distillers​ following the Diageo-Grand Metropolitan​ merger.

The former boss of food distribution giant Booker​, Sir Michael Caine​, has died at the age of 71.

Over more than 40 years he helped to shape Booker, becoming chairman until 1993.

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