All The Grocer articles in 13 June 2015 – Page 5
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Media Bites 8 March: BHS, Online sales, Just Eat
The papers this morning focus again on troubled retail chain BHS and the revelation that it faces a pension deficit of £571m.
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City Snapshot: Total Produce sees double digit annual growth
Total Produce shares up after double-digit rises in revenues and profitability
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Media Bites 3 March: Poundland, Argos/Steinhoff, deflation
Poundland boss Jim McCarthy “ready to hand over bargain bucket”, write today’s papers.
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Food ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
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McColl's to ramp up food to go offer after strong profit growth
The company’s food to go offer was “enhanced” in 148 stores during the year to 29 November 2015
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Carrefour buys 36 Spanish hypermarkets from Eroski
Carrefour has extended its footprint in Spain after today announcing the purchase of 36 compact hypermarkets from the Eroski Group.
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Brakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
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Media Bites 26 Feb: British American Tobacco, Diageo, AB InBev
British American Tobacco has appointed a leading City law firm to investigate bribery allegations
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Beer volumes go flat at AB InBev
AB InBev has reported organic revenue growth of 6.3% in its 2015 financial year, despite a 0.6% decline in volumes.
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McBride shares soar as restructuring plans show progress
Private label household goods manufacturer McBride has upgraded its full-year earnings forecast after seeing progress in its cost-cutting efforts.
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Kerry shares up on 2015 revenue and profit growth
Kerry Group share rose by over 4% today after announcing a rise on full year revenues and volumes and predicting further growth in 2016.
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Danone eyes 2016 sales growth on improving European dairy trends
Danone has forecast a rise in 2016 revenues and profits after posting full-year results for 2015 that it described as “solid” and “in line with objectives”.
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City snapshot: Danone posts “solid” 2015 growth
Danone shares up after posting 4.4% like for like growth, while Kerry Group shares also rise on strong 2015 results
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Media Bites 23 Feb: Sainsbury's/Home Retail, ABF, Brakes
Sainsbury’s has been given until 18 March to consider whether it will return with a new bid for Home Retail Group,
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Nestlé shares fall on lower than expected growth
Nestlé shares dropped by almost 4% today after missing its full-year growth target and reporting a significant fall in profitability.
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Burton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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Media Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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Strong fourth quarter sends Reckitt Benckiser shares up 7%
A strong performance in Reckitt Benckiser’s (RB) consumer health division helped fourth quarter sales beat expectations and drive the fmcg giant’s shares 7% higher today.
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Pernod Ricard reports 3% first half organic growth
Pernod Ricard has delivered “solid” first half results as the spirits maker saw 3% organic sales growth in the six months to 31 December 2015.
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Tate & Lyle share plunge on commodities weakness
Shares in Tate & Lyle have dropped by 5.9% today after the sucralose maker warned that weak commodity prices would hit 2016 profits.