All The Grocer articles in 13 June 2015 – Page 15
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News
City Snapshot: United Spirits acquisition pushes Diageo’s annual revenues up 5%
Diageo’s reported net revenues were up 5% in the year to 30 June largely thanks to the full consolidation of United Spirits last year, plus a new CFO for Britvic, recovery for the FTSE and all the latest news from the City.
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News
P&G appoints company veteran as Lafley successor
Procter & Gamble veteran David Taylor is stepping into the shoes of AG Lafley when the chief executive and president of the global…
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News
Sainsbury's sells pharmacy business for £125m
Sainsbury’s has agreed to sell its pharmacy business to Celesio AG, the owner of Lloyds Pharmacy for £125m.
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News
City snapshot: Convenience sales drive Greencore's third quarter revenues up 6.2%
Greencore has reported a 6.2% increase in third quarter revenues after strong US growth and increased convenience sales, profits grow at McColl’s despite like-for-like sales fall and all the rest of the news from the City.
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News
Reckitt Benckiser raises earnings forecast after solid first half
Consumer products group Reckitt Benckiser (RB) saw first half revenues edge up 1% to £4.36bn despite currency headwinds.
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News
Former B&M owners sell £408m worth of shares
The Arora family, founders of the B&M Bargains retail chain, and its former private equity owners have sold a further 12% of B&M European Retail for over £400m.
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News
AG Barr shares slide on “subdued” first half trading
AG Barr has blamed tough comparatives and poor weather for a “subdued” first half of the year.
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News
Sweet treats drive a quarter of progress at Premier Foods
The timing of Easter hit first quarter revenues at Premier Foods, but a 1.6% sales fall beat analysts expectations and have been welcomed as a further sign of progress in the firm’s turnaround.
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News
Britvic buys Brazilian drinks firm Ebba for £121m
Britvic has this morning announced it has agreed a deal to buy independent Brazilian soft drinks company Ebba in a deal worth £120.8m.
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News
City snapshot: First quarter sales slip 1.6% at Premier Foods
First quarter sales have fallen 1.6% at Premier Foods, while first half turnover up 12% at Unilever
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News
Media Bites 23 July: Groceries Code Adjudicator, Coca-Cola
The Groceries Code Adjudicator faces “embarrassment” after some of its own invoices may not have been paid on time, writes The Times
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News
First quarter transactions up 6% at PayPoint
PayPoint, the payment services company that has found itself under fire from retailers because of a reduction in commission caps, has announced first-quarter results in line with expectations.
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Tate & Lyle raises $400m to finance future growth
UK-listed Tate & Lyle has raised US$400m (£256m) in a private corporate bond placement to refinance existing debt and underpin future growth.
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News
M&A adviser McQueen bought by Houlihan Lokey
UK-based consumer sector M&A specialist McQueen has been bought by US investment bank Houlihan Lokey.
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Analysis and Features
OC&C Global 50: Still waiting for glut of fmcg mega-deals
The number of global fmcg deal hit record highs last year, according to the OC&C Global 50, but the sector is still waiting for those industry-defining mega-deals.
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News
Media Bites: Living wage, Ikea, Seabrook Crisps
It’s not the busiest morning for coverage of the grocery sector, but the “living wage” row is continuing to generate column inches
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News
City snapshot: PZ Cussons posts 2.3% like-for-like growth in "tough conditions"
Problems in PZ Cussons’ biggest market of Nigeria hit reported revenues and profits
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News
Supermarkets ramp up pressure on UK food sector
The number of UK food suppliers experiencing “significant” financial distress has risen by over 50%, according to research from professional services firm Begbies Traynor.
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News
As John Dixon quits, is Steve Rowe now M&S CEO in waiting?
John Dixon’s resignation clears way for Steve Rowe in battle to succeed Marc Bolland as M&S CEO.
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News
City snapshot: Annual sales up by 45.8% at Finsbury Food Group
Bakery and cake supplier Finsbury Food Group (FIF) has grown revenues by 45.8% in the year to 27 June, plus second quarter trading figures from Casino and Carrefour and all the rest of the latest news from the City.