Finance news – Page 501
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NewsCity snapshot: Ahold Delhaize feels the benefit of €9.8bn merger as sales and profits grow
Synergies stemming from the €9.8m mega-merger have boosted margins at European food retailer Ahold Delhaize in its second quarter. The group reported a “strong” quarter of sales and profits growth. Plus, Premier Foods appoints a new chairman to replace David Beever; and Stock Spirits Group continues to make progress with turnaround
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NewsTyrrells owner Amplify lowers earnings forecast on UK and US market headwinds
Amplify Snack Brands grew sales by more than two-thirds to break the $100m dollar barrier in its second quarter, but the Tyrrells owner warned full-year growth will be slower than previously forecast due to market headwinds in the US and UK.
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NewsTesco Bank adds card blocking feature to its mobile app
The new feature allows shoppers to block a ‘lost’ card from being used while allowing the account to remain active
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NewsAction on Sugar blasts cereal manufacturer nutrition labelling
The group is calling for consistent traffic-light front-of-pack nutrition labelling on all lines…
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NewsCity Snapshot: Food growth boosts slowing July retail sales
UK retail sales rose by 0.9% year-on-year in July as strong food sales supported weakening overall sales growth, according to the latest BRC-KPMG Retail Sales Monitor. Plus, Pets at Home sees quarter sales rise, Worldpay wants more time to tie-up merger and all the rest of the latest news from the City.
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NewsMedia Bites 8 Aug: Retail sales, Eggs, Tesco, Fairtrade
Higher prices are forcing British families to spend more on food and cut back elsewhere, as imported inflation starts to bite.
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NewsSainsbury's rumoured to be axing over 1,000 jobs at head office
Sainsbury’s is rumoured to be axing more than 1,000 jobs at its head office just one month after Tesco made a swingeing round of redundancies.
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NewsCool Cold Brew coffee startup targets retailers after smashing £100k crowdfunding target
Cool Cold Brew is currently in talks with multiple retailers, including Selfridges and Sainsbury’s, with the aim of winning listings for its new four-strong range next year
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NewsGeary’s Bakeries secures £4.5m funding boost
Supermarket and sandwich manufacturer supplier Geary’s Bakeries is expanding its factory after securing a £4.5m investment package.
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NewsCity snapshot: UK consumer spending slumps to four-year low
UK consumer spending has fallen for the third consecutive month, according to Visa, marking the longest streak of spending decline for over four years. Plus, Worldpay UK boss moves to bookmaker Paddy Power Betfair, Carr’s Group makes acqusition and all the latest from the City
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NewsMedia Bites 7 Aug: Sainsbury's, P&H, Business rates
Sainsbury’s is preparing to shed as many as 1,000 jobs as it gears up for the next phase of its cost-cutting drive.
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NewsSubway hits 2,500 stores with Fresh Forward opening in Keynsham
Subway plans to have 3,000 UK and Ireland outlets by 2020…
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NewsKraft Heinz quarterly sales slide again as bottom line improves
Kraft Heinz (KHC) reported another increase in quarterly earnings, but the 3G Capital-owned group shows little sign of addressing its falling sales.
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NewsCity snapshot: Karro Food Group sales surge past £500m ahead of CapVest deal
Karro Food Group has posted a jump in full year sales and profits, cementing its turnaround in the run up to the £180m takeover by CapVest in March. Plus, Kraft Heinz’ second quarter sales slide again, fashion sales slump on the high street and all the rest of the latest news from the City.
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NewsMedia Bites 4 Aug: Mondelez, Green & Blacks, Worldpay
Mondelez investors are wondering whether history will repeat itself with the company being put back in play now that a chief resistant to activist pressure is heading for the exit.
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NewsP&G countering Peltz with acquisitions plan
P&G signalled in a call to analysts it is stepping up efforts to grow revenues
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NewsCost savings drive Kellogg’s profit improvement as sales continue to slide
Kellogg’s has posted a 6.9% rise in comparable second quarter operating profit despite another slump in net sales.
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NewsFruit Bowl kids' snacking brand falls into the red
Revenues in the nine months to 30 September 2016 declined to £9m, compared with £13.9m in year ended 31 December 2015
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NewsC&C spearheads craft drive via recently acquired Orchard Pig
C&C Group is looking to bolster its craft portfolio to tap the growing trend for more premium beers and cider
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NewsKarro looks to build on turnaround under CapVest ownership
Underlying profits at Karro Food Group jumped another 9% in 2016 as the pork supplier added £67m to its top line