Finance news – Page 422
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NewsCoca-Cola to shed jobs as it announces two UK site closures
CCEP said it would shut its manufacturing site in Milton Keynes and its Northampton DC
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NewsRaisio starts talks over feed business sale as part of wider restructure
Finnish food group Raisio is plotting the sale of its feed business as part of a wider restructure of the struggling business to focus on healthy foods.
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NewsM&S to close stores and slow Simply Food opening programme
Retailer now only plans to open 36 owned and franchised branches over the next six months
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NewsArla to plough £72m into its British business this year
The cash injection is part of a €527m (£460m) global investment programme announced by the dairy co-op, and will see it bring production of Lactofree to the UK
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NewsAldi pledges to cut food waste 50% by 2030
Redistribution would be a core focus of its plans to reduce food waste
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NewsMedia Bites 31 January: McDonald's, PZ Cussons, Dr Pepper Snapple
Earnings update at McDonald’s in focus this morning, along with troubles for Imperial Leather owner PZ Cussons.
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NewsCity snapshot: Britvic sales held back by 6.6% slump in Robinsons and stills division
Britvic has increased revenues in the first quarter by 3.3% to £337.2m as Pepsi Max helped its carbonates division outperform the soft drinks market in the UK, but sales of its range of still products slumped again. Plus, Dairy Crest sales up 7% in the first nine month of its financial year as all its brands perform well. And Raisio to enter talks with 115 staff and also considers sale of feed business as turnaround attempts continue.
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NewsKeurig Green Mountain swallows Dr Pepper Snapple for $19bn in biggest ever soft drinks deal
Consumer group JAB Holding has agreed to acquire Dr Pepper Snapple for almost $19bn (£13.5bn) to merge the soft drinks giant with its own Keurig Green Mountain coffee business.
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NewsKP Snacks see price hikes across its best-known brands
Shelf prices of Hula Hoops, Butterkist and McCoy’s have risen for smaller formats in Tesco and Sainsbury’s
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NewsBrexit to hit food & drink and retail hardest, documents show
The analysis found that the agriculture sector may not be adversely affected
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NewsMFG to convert 80 forecourts to Esso following Greenergy deal
The conversions to Esso will take place between February and May…
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NewsHeart of England Co-op reports solid Christmas trading
The Co-op at Long Lawford enjoyed a 95% surge after it spent £1.3m on a rebrand and rebuild
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NewsFaccenda and Cargill unveil Avara Foods poultry joint venture
Business will be owned equally between Cargill and Faccenda
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Media Bites 30 January: Dr Pepper, Conviviality, Amazon
Consumer group JAB Holding has agreed to pay $18.7bn in cash to acquire Dr Pepper Snapple and put it together with its Keurig Green Mountain coffee business to create a US beverage giant with annual revenues of $11bn.
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NewsCity snapshot: Greencore sales rocket on UK food-to-go boom and US volume pick-up
Revenues at Greencore have leapt 54% to £640.5m in its first quarter thanks to booming food-to-go sales in the UK and a jump in US volumes. Plus, profits at PZ Cussons sank in the first half as margins were squeezed on tough trading in Africa and Europe, with the UK proving particularly difficult as shoppers spend cautiously.
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NewsConviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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NewsBrits want more transparency about supply chain fraud
Most (64%) UK consumers would expect businesses to inform the authorities of any health risk fraud says Ipsos Mori poll
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NewsPlanning applications for high street stores continue to fall
The number of planning applications for new shops and shopping centres in England fell 8% in 2017 to 6,090
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NewsSupermarket property investment returns to strong growth
Colliers International Supermarket Investment Review shows institutional investment rose from £216m in 2016 to £482m last
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NewsUK's rural shops invested over £315m to boost in-store service
The 2018 Rural Shop Report found that retailers were introducing contactless payments, in-store bakeries and Post Office