All The Grocer articles in 13 June 2015 – Page 11
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Diageo sells Blossom Hill and Piat d'Or to Treasury Wine Estates
Diageo has agreed sale of its UK and US wine businesses – including Blossom Hill and Piat d’Or – to Australia’s Treasury Wine Estates for $552m.
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City snapshot: Diageo sells wine portfolio to Treasury Wine Estates
Diageo has agreed sale of its major wine interests to Australia’s Treasury Wine Estates for $552m
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Media Bites 14 Oct: Megabrew, Asda, Business rates
The papers are lining up with their takes on the creation of ‘Megabrew’ after AB InBev agreed terms on a deal to buy rival SABMiller.
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Food sales drop 1.4%, according to BRC/KPMG Retail Sales Monitor
The late August Bank Holiday and strong sales of furniture and clothes boosted the retail sector in September - but food sales are falling significantly as price wars and deflation continue to bite.
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SABMiller and AB InBev agree £68bn takeover
SABMiller and AB InBev have agreed terms for the fmcg sector’s largest ever takeover after AB InBev raised its offer for the London-listed SAB to £44 per share.
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SABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.
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Media Bites 8 October: Tesco, SABMiller/AB InBev, Poundland
Tesco’s first half results and the SABMiller/AB InBev takeover saga and dominate the papers this morning.
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City snapshot: Tate & Lyle reaffirms guidance after “encouraging” six months
Tate & Lyle has reaffirmed its full year earnings guidance in a six month trading statement this morning
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Tesco’s first half profits halve as sales stabilise
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
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SABMiller reports “strong growth” amid bid rejection reports
SABMiller has issued a first half trading update today detailing its continuing growth in South America and Africa as media reports suggests AB InBev’s initial offer has been rebuffed.
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Menu revamp helps drive Greggs’ third quarter sales up 4.9%
Like for like sales for the first three quarters are now 5.6% up year-on-year
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City Snapshot: Waitrose weekly sales back on the rise
Waitrose’s weekly sales (excluding petrol) were back up 2.1% in the week to 26 September after slipping for the previous two weeks, plus all the rest of this morning’s news from the City.
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Media Bites 2 Oct: Mondelez, SABMiller, Cranswick
Mondelez is exploring a sale of its European cheese and grocery business, which could be valued at around $3bn, according Reuters, as it sharpens its focus on snack foods and refreshments.
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City snapshot: Cranswick's first half revenues top expectations
Pork supplier Cranswick’s first half revenues rise 10% up year-on-year, Britvic confirms Brazilian acquisition, bumper share price rises for the UK supermarkets and all the rest of this morning’s news from the City.
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Media Bites 1 Oct: Sainsbury's, Tesco, Altria
It’s no surprise that the papers have gone big on Sainsbury’s upgraded profits guidance and subsequent near-14% share price spike.
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Sainsbury’s shares soar on profit upgrade
Sainsbury’s shares have risen by more than 13% in early trading this morning after upgrading its full-year profit forecast.
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Moy Park confirms completion of sale to JBS
Norther Irish poultry specialist Moy Park has confirmed it has completed its $1.5bn (£988m) sale to Brazlian meat giant JBS.
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Tate & Lyle fined £18m over 2010 EU sugar sale
Tate & Lyle has been fined £18m by London’s Commercial Court over its 2010 sale of its EU sugars business to American Sugar Refining.
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City snapshot: Crawshaw delivers first half sales and profit growth
Butchery chain Crawshaw Group has reported a 42% first half revenue jump driven by new store openings
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Media Bites 29 Sep: Aldi, Whole Foods, business rates
Aldi’s annual results and the announcement it will launch a new UK online offering dominate the grocery headlines this morning.