Finance news – Page 363
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NewsBang Curry raises six-figure sum to drive team expansion and volume growth
The scratch-cooking curry mix maker will use the funds to expand its workforce and boost volume sales.
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NewsCity snapshot: Imperial Brands changes dividend policy and launches £200m share buyback
Imperial Brands has today moved away from its double-digit dividend payment to shareholders in favour of merely a “progressive” dividend policy and announced the commencement of a £200m share buyback scheme. Plus, new CFO for troubled Steinhoff Group and all the rest of the latest news from the City.
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NewsMedia Bites 8 July: Tesco, Premier Foods, Sainsbury’s/Asda
Tesco is to open 750 convenience stores in Thailand over the next three years in its first major overseas expansion under chief executive Dave Lewis.
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NewsOrganic growth makes return to the world’s largest fmcg players
The world’s largest fmcg companies have rediscovered organic growth as measures taken to address competitors, customers and shifting consumer tastes have begun to bear fruit.
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NewsSupermarket prices flat but signs of return to inflation
Supermarket prices have stayed flat year on year, but there are signs food price inflation could be creeping back into the market after close to a year of stagnant prices.
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NewsBettys & Taylors sees profits fall despite sales hike
Yorkshire Tea maker Bettys & Taylors reported a drop in profits despite strong sales growth as rising commodity costs and exchange rate volatility hit the bottom line.
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NewsCompany Shop profits surge amid national footprint expansion
Company Shop posted a double-digit profits growth last year as the food surplus distributor benefited from the opening of its flagship store in St Helens.
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NewsWarburtons posts loss as slump in traditional bread hits
Bakery giant Warburtons swung to an eight-figure annual loss as it soaked up significant restructuring costs from the continued slump of the traditional bread market.
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NewsCity snapshot: Supermarket prices flat but only Asda remains in deflation
Supermarket prices have stayed flat year on year, but there are signs food price inflation could be creeping back into the market after close to a year of stagnant prices. Plus all the rest of the latest news from the City.
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NewsMedia Bites 5 July: Amazon/Deliveroo, Sainsbury’s, ABF
The CMA is mulling whether to investigate Amazon’s investment in food delivery firm Deliveroo’s latest fundraising
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NewsFroneri enters Israeli market with Noga Ice Cream acquisition
Froneri has agreed to acquired Nestlé business Noga Ice Creams, launching into the Israeli market for the first time.
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NewsAsda to launch 30-minute grocery delivery with Just Eat
The new service will offer 100 “essential lines” within half an hour
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NewsGrocery and Primark drive nine-month growth for ABF
Associated British Foods has seen a 3% increase in constant currency revenues from continuing businesses across its first three quarters thanks to growth in grocery, Primark and a third quarter improvement in its sugar division.
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NewsMedia Bites 4 July: Asda, Sainsbury’s, Brexit
A stock market flotation of Asda by Walmart, its American parent, is “two or three years away”, according to Roger Burnley, the British retailer’s chief executive.
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NewsRosemary Water brand raises over £1m to support exports and product launches
The company is targeting expansion in intenational markets to branch away from the struggling UK high street.
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NewsOrkla buys UK toffee manufacturer Confection by Design to expand UK foothold
The Scandinavian-based food group acquired the fudge manufacturer for an undisclosed amount.
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NewsYo Sushi acquires US rival Snowfox to ramp up retail efforts
The UK Sushi company merged with Snowfox to fuel its push into retail sales.
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NewsCity snapshot: Sainsbury’s first quarter sales slide amid non-food slump
Sainsbury’s like-for-like sales fell by a further 1.6% in the 16 weeks to 29 June to put further pressure on CEO Mike Coupe after its failed merger with Asda. Plus, PureCircle issues profits warning, shop prices drop but food inflation holds steady and all the rest of the latest news from the City.
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NewsMedia Bites: Tesco/Brexit, Majestic Wine, Sin taxes
Tesco chief executive Dave Lewis has told the BBC that planning for the new Brexit deadline of the end of October will be more difficult because the supply network will be full of Christmas stock.
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NewsBrewDog looks abroad despite first profit setback
The craft brewer is targeting further expansion despite posting its first annual loss in 2018