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Finance news – Page 454
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NewsMedia Bites 8 Sep: Nestlé, Unilever/Pukka, P&G, Tesco
Nestlé and Unilever have sought to respond to rapidly changing consumer tastes with separate purchases of two niche companies in voguish consumer goods sectors.
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NewsRise in food and drink firms gunning for export growth in wake of Brexit
Food and drink producers are more optimistic about their growth prospects than they were a year ago as they plough more investment into expanding their businesses overseas in the aftermath of the UK’s decision to leave the EU, according to an annual industry report.
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NewsMeat, fish & poultry keeps inflation at four-year high
Rapidly rising protein prices are keeping supermarket inflation at four-year highs, according to the latest Grocer Price Index
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NewsUnilever snaps up fast-growing tea brand Pukka Herbs
The deal for an undisclosed sum ’came down to scale and sustainability’ said Pukka
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NewsMedia Bites 7 September: Asda, Reckitt Benckiser, Brexit
Asda’s decision to axe almost 300 jobs at its head office as part of a cost-cutting drive makes the papers this morning.
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NewsCity snapshot: McBride sales slump in competitive markets
Revenues at McBride fell by £44.5m – or 5.9% – to £705.2m, with household sales lower by 5.8% and personal care & aerosols down 6.3%, as the household goods manufacturer completed the first stage of its ‘Repair, Prepare, Grow’ strategy. Plus, Imperial Brands raises £231m in sell-down of share in Logista.
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NewsRefresco shareholders approve £1bn takeover of Cott's bottling operations
Refresco shareholders have given the Dutch soft drinks bottler and contract packer the green light for its $1.3bn (£1bn) takeover of the bottling operations of Canadian drinks manufacturer Cott.
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NewsMore than 300 Asda HQ staff to be axed in new wave of cutbacks
The move under Sean Clarke’s turnaround strategy is the third major round of job cuts in as many years
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NewsFarmfoods' pre-tax profits halve as sales drop by £25m
Pre-tax profits at frozen foods supermarket Farmfoods more have halved in 2016
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NewsFoodservice growth pushes UK wholesale close to £30bn figure
Wholesale sector forecast to reach £31.3bn by 2021
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NewsNumber of convenience sector jobs declines 5% in past year
Increases in the national living wage and national minimum wage have ramped up pressure, says a new report from the ACS
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NewsLeave voters back seasonal work permits for EU citizens
New research by British Summer Fruits reveals 61% of Brexiteers favour a visa scheme
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NewsMedia Bites 6 September: AG Barr, Barry Callebaut, Asda
Irn-Bru maker AG Barr has warned that a Scottish plastic bottle deposit return scheme, in which consumers would be refunded if they recycled containers, could be subject to fraud and abuse.
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NewsCity snapshot: Food and drink industry 'alarmed' over leaked Home Office plans for EU migrants post-Brexit
Leaked Home Office documents outlining a strict immigration policy to force all but the most highly skilled EU migrants to leave the UK after Brexit show a “deep lack of understanding” of the important contribution European workers make across the food chain, the industry has warned.
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News150 jobs saved as Waitrose cake maker More Food acquired in pre-pack deal
A rescue deal at Waitrose and Budgens cake supplier More Food has saved 150 jobs after rising commodity prices following the Brexit vote and substantial costs related to a move to new facilities squeezed the business.
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NewsInnis & Gunn seeks green light to sell £15m stake to US private equity firm
Innis & Gunn has followed in the footsteps of fellow Scottish craft brewer BrewDog and attracted the interest of a US private equity firm
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NewsCity snapshot: Solid August retail sales defy poor summer weather
UK retail sales rose 1.3% on a like-for-like basis in August according to the latest BRC-KPMG Retail Sales Monitor to shrug off the recent wet weather. Plus, the FTSE slides on North Korea worries, McBride boosted by Danish deal and all the latest news from the City.
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NewsMedia Bites 5 Sep: Exports, Reckitt Benckiser, C&C Group
Factories are enjoying some of the best conditions in two decades as the fall in the pound and a strengthening global economy boost factory orders and rates of production, writes The Times.
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NewsMcBride swoops for £10.8m Danish firm Danlind
Private label household goods manufacturer McBride has bought Danish dish-wash and laundry products firm Danlind for a cash consideration of £10.8m.
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NewsTesco trio's fraud and false accounting trial adjourned until 25 September
The three men pleaded not guilty at a hearing at Southwark Crown Court last month