All The Grocer articles in 13 June 2015 – Page 6
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Currencies and Coca-Cola volume drop hit CCE revenues
Full year revenues at Coca-Cola Enterprises plunged 15% last year as currency movements impacted sales already hit by declining Coca-Cola volumes.
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Ocado’s falling share price hits executive pay packets
The pay of Ocado’s executive team fell by a collective 20% last year as the sums earned through share awards fell despite the online supermarket recording record profits.
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Coca-Cola reports earnings progress despite global revenue fall
Coca-Cola has reported a 4% drop in reported net revenues for 2015 after a fourth quarter slowdown.
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City snapshot: Food sales edge up in January finds Kantar Worldpanel
The latest market share figures from Kantar and Nielsen
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Media Bites: Sunday trading, UK retail sales, John Lewis
Ministers will give councils the right to tear up the remaining restrictions on Sunday trading from this autumn, according to the FT.
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Associated British Foods targets full ownership of Illovo Sugar
Associated British Foods confirmed today it has held discussions over the minority stake in Illovo Sugar
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Total Produce buys stake in US firm Progressive Produce
Total Produce, the global fresh produce company, has acquired a 65% equity stake in Progressive Produce.
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SSP Group CEO Kate Swann receives maximum bonus to boost pay to £2.6m
Foodservice company SSP Group (SSPG) gave CEO Kate Swann her maximum annual bonus possible in its first full year as a listed company to take her pay to £2.6m.
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P&G sees 2% global organic sales rise in second quarter
P&G Procter & Gamble has returned to quarterly organic sales growth, revealing a 2% rise
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PZ Cussons shares plunge on emerging markets struggles
Shares in consumer goods manufacturer PZ Cussons fell almost 10% today after the company revealed its first half trading was hit by volatile conditions in emerging markets.
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Fever-Tree shares surge on strong growth and earnings upgrade
Shares in Fever-Tree have leapt 7% in morning trading after it reported booming sales over the second half of the year resulting in a full year earnings that are “comfortably ahead of expectations”.
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Hedge fund teams up with Gudmundssons to acquire 89% Bakkavor stake
US hedge fund The Baupost Group has joined with brothers Agust and Lydur Gudmundsson to buy up 89% of Bakkavor for £163m
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City snapshot: “Solid” third quarter trading for Premier Foods
Premier Foods recorded group sales growth of 0.1% in the 13 weeks ended 2 January
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Media Bites: WH Smith, Asda, The Co-op
After a day of turmoil on the global stock markets, WH Smith offered a rare glimpse of cheer as it comfortably beat the market’s Christmas sales expectations.
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Food waste firm Winnow raises $3.3m to drive expansion
The London-based food waste tech firm backed by Hugh Fearnley-Whittingstall has raised $3.3m in a fundraising round supported by Mustard Seed and D-Ax
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Unilever pledges to focus on innovation amid bumpy 2016 outlook
Unilever has vowed to intensify its focus on product innovation to help it overcome “volitile” global market conditions after announcing a double-digit rise in annual revenues.
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City snapshot: Unilever reports 4.1% underlying annual sales growth
Unilever has reported a year of strong growth, with underlying sales growth of 4.1% and overall turnover up by 10% to €53.3bn
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General Mills to close Berwick bakery factory
Green Giant and Häagen-Dazs manufacturer General Mills UK is to close its Berwick bakery factor following a review of the business, affecting 265 jobs.
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City snapshot: High street traffic slumps 4% over Christmas
UK footfall was down 2.2% year on year in December, with traffic on UK high streets slumping by 4%
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Media Bites 18 Jan: Argos, Waitrose, Tesco
The boss of Argos described a takeover bid from Sainsbury’s as “opportunistic” this weekend, and said his attempt to turn around the high street catalogue retailer was “not finished by a long shot”.