Finance news – Page 477
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NewsSSP sales hike sends shares soaring
Despite struggles in grocery and restaurants, food to go continues to go from strength to strength
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NewsNestlé target Hain out of running for Meridian stake
Hain Celestial is understood to be out of the running for nut butter brand Meridian as the wider group becomes a multi-billion dollar target for Nestlé.
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NewsCity snapshot: Raisio removes Big Bear boss Ciaran Sullivan
The Grocer can reveal that Finnish food giant Raisio Group has parachuted in its vice president of production and procurement Jukka Heinänen to replace Ciaran Sullivan as head of its UK confectionery business. Meanwhile in early trading reports of a search for Unilever boss Paul Polman’s sucessor fail to dent its share price
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NewsRaisio removes Big Bear boss Ciaran Sullivan
Raisio blamed a negative financial performance for the senior management change
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NewsSuper-strength cider tax hike is punitive, claim cidermakers
Philip Hammond said the tax crackdown would target “excessive alcohol consumption by the most vulnerable people”
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NewsYo Sushi eyes retail move after completing Bento Sushi deal
Yo Sushi is understood to be plotting a move into UK branded retail after buying a multi-platform Canadian contemporary
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NewsMedia Bites 24 Nov: Unilever, Black Friday, Majestic
Unilever has kicked off the process of finding a replacement for chief executive Paul Polman
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NewsBerryWorld in merger with Beekers
The merger will provide a base for BerryWorld’s European arm to grow retail markets in central, eastern and southern parts
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NewsCity snapshot: Naked Wines drives first half growth at Majestic
Majestic Wine has posted underlying first half sales growth of 4.2% and a return to profitability as its Naked Wines online business saw its US sales jump. Plus, platinum members can read the our full exclusive interview with Tesco’s Dave Lewis and Booker’s Charles Wilson, Remy Cointreau’s first half sales rise and all the rest of this morning’s news from the City.
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NewsMedia Bites 21 Nov: Budget, SSP Group, Morrisons
Retailers have welcomed a change in the way business rates are calculated, which will save them an estimated £210m over the next two years.
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NewsChancellor announces surprise Budget freeze on alcohol duty
The move recognised “the pressure on household budgets” and backed “our Great British pubs” said Philip Hammond
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NewsAutumn Budget 2017 - as it happened
Coverage and key announcements by finance editor Alec Mattinson and how it affects the grocery industry
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NewsAir travel growth boosts SSP Group
Upper Crust and Caffe Ritazza owner SSP Group has reported a double-digit hike in annual sales and profits as a rise in air travel and growth in North America boosted performance.
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NewsMedia Bites 22 Nov: Imperial Tobacco, Camelot, Compass Group
Heightened expectations that a blockbuster tobacco takeover was on the way lit a fire under Imperial Brands.
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NewsWyke Farms and Omsco reveal organic dairy joint venture
First products are expected to be introduced in early 2018, as the partners aim to become the ‘world’s largest organic cheese supplier’
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NewsMary Portas urges Budget freeze on business rates
Business rates bills from 1 April next year are set to rise by £1.15bn in England
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NewsRetail leaders warn of price impact from Budget plastic tax
The new tax bombshell would be part of a consultation unveiled by Philip Hammond, said weekend press sources
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NewsPukka Pies aims to create 150 jobs with Syston site expansion
Pukka Pies expects to create 150 jobs with the expansion of its premises – having submitted a planning application to its local borough council for a manufacturing, storage, distribution and office facility. The Leicestershire business aims to erect a 4,750 sq ft building on a 13.5-acre landfill ...
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NewsCity snapshot: Strong North American growth boosts catering giant Compass Group
FTSE 100 catering giant Compass Group (CPG) has announced a 4% rise in organic revenues as a strong performance in North America underpinned growth. Plus, Tesco and Booker shares rise again and all the rest of this morning’s news from the City
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NewsMedia Bites 21 Nov: Unilever, Accrol, Yo! Sushi
“Dutch in tax war to lure Unilever away from UK”, writes the Daily Mail.