Finance news – Page 352
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NewsCity Snapshot: UK growth drives strong profits at Hotel Chocolat
Strong Christmas sales drove a surge in revenues at Hotel Chocolat during the second half of 2018, WH Smith adds new directors and the rest of the latest news from the City
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NewsMedia Bites 26 Feb: ABF, Kraft Heinz, Finsbury Food Group
Associated British Foods has issued a dire warning about the prospect of a no-deal Brexit
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NewsDo Kraft Heinz's travails signal the end of the zero-based budgeting era?
After Kraft Heinz posted a US$12.6bn fourth quarter loss, has the poster child for cost cutting shown the era of zero-based budgeting is coming to an end?
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NewsDefra: food industry planning will minimise no-deal impact
The government is warning against consumers stockpiling food, insisting the food industry is sensibly prepared
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NewsFood and drink deals slow down following strong 2018
Worries over the UK leaving the EU have dampened domestic deal volumes this year
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NewsTesco would benefit from Sainsda competition loss, says CMA
The watchdog has published the findings of a 20,000-shopper exit poll carried out by Kantar Public
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NewsMedia Bites 25 Feb: Asda/Sainsbury's, Dairy Crest, Kraft Heinz
The American private equity giant that owns ticketing app Trainline is plotting a bid for Asda as the supermarket’s £14bn merger with rival Sainsbury’s teeters on the brink of collapse, according to the Sunday Times.
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NewsCity snapshot: Profits stabilise at Finsbury Food Group despite sales drop
Finsbury Food Group was back in profit in the first half of its financial year, though business closures meant headline revenues declined. Plus, ABF to shrug off sugar woes and post annual sales growth and all the rest of the latest news from the City.
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NewsDairy Crest to remain 'passionately British' despite sale, CEO Mark Allen insists
The Cathedral City owner is to be sold to Canadian dairy giant Saputo, in a £975m cash deal
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NewsProfits slide at Divine Chocolate amid currency pressures
Profits dropped to just £9k in the year ended 30 June 2018
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NewsPropercorn to switch to UK packaging supplier post-Brexit
The London snack brand’s plan to move from its current supplier in Italy arose during plans to ‘mitigate risk’ after 29 March
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NewsSuppliers celebrate CMA's Sainsbury's-Asda findings
There was widespread celebration over this week’s verdict, despite the competition watchdog dismissing concerns raised over the impact on suppliers
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NewsMedia Bites 22 Feb: Just Eat, Kraft Heinz, Sainsbury's/Asda
US competitor to Just Eat, Uber Eats announced plans to cut the fees it charges restaurants on Thursday (21 February)
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NewsUK and Irish retail bosses unite to warn against no-deal Brexit
The groups said increased tariffs and new regulatory checks would lead to increases in the cost of making fresh food and drink available to consumers
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NewsMedia Bites 21 Feb: Sainsbury's/Asda media reaction special
Analysts were sceptical that the merger could be re-engineered sufficiently to allow it to be cleared
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NewsCity snapshot: Higher costs weigh on earnings at McBride
Profits at McBride were held back by “significantly higher” input costs after its shares plunged yesterday amid a profits warning
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NewsSainsbury's shares plunge in the wake of CMA Asda deal objections
Sainsbury’s shares have tanked to a lower level than they were trading at before last year’s announcement of the blockbuster merger with Asda due to City fears the Competition & Markets Authority has today killed the deal.
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NewsSainsbury’s facing uphill battle to overturn CMA decision
Mike Coupe accused the CMA of “moving the goalposts” on the deal and disputed the methodology used to claim it would lead to higher prices nationally
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NewsCity Snapshot: Sainsbury's-Asda merger would lead to higher prices, says CMA
Sainsbury’s shares have dived 14% on news that the CMA has “extensive concerns” over its proposed merger with Asda, Arla sees sales recover after turnaround plan and rest of the new from the City
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NewsMedia Bites 20 Feb: Asda, Iceland, Greggs
Asda said same-store sales grew by 1% over the fourth quarter, marking its seventh consecutive period of sales growth