Finance news – Page 537
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NewsAlternative milk brand A2's global revenues leap 84%
Growth reflected “outstanding results” in A2’s Australia, New Zealand and Chinese markets
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NewsAmazon reveals plans to add 5,000 UK jobs in 2017
The recruitment drive will take its UK workforce to 24,000 – up from 15,500 at end of last year
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NewsCity snapshot: Kraft Heinz ditches £115bn Unilever bid
Unilever shares have fallen back this morning after the announcement last night that Kraft Heinz has walked away from its shock £115bn bid for the group
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NewsMedia Bites 20 Feb: Kraft Heinz/Unilever, Amazon, Business rates
Inevitably the surprise ending of Kraft Heinz’s pursuit of Unilever gets plenty of column inches this morning.
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NewsKraft Heinz makes £115bn mega-merger proposal to Unilever
Kraft Heinz has announced it has made a “comprehensive” proposal to Unilever to combine the two groups, which the UK-listed firm has firmly rejected
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NewsNestlé investors unimpressed with end of growth model
It was a baptism of fire for Nestlé CEO Ulf Mark Schneider as Nestlé published the first set of annual results under his leadership …
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NewsSymington's sees £6m loss as cooking sauce brands struggle
A raft of delistings for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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NewsCity snapshot: Symington’s slumps to £6.1m annual loss
Symington’s has slumped to a loss as a raft of delisting for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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NewsMedia Bites 17 Feb: Morrisons, Punch Taverns, Argos, Nestlé
Morrisons is aiming to recruit 200 more British suppliers after a report commissioned by the supermarket found that only just over half the food eaten in the UK comes from local sources
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NewsKraft Heinz promotional activity hurts European sales
Sales slumped 3.7% to $6.9bn (£5.5bn) at Kraft Heinz in the fourth quarter, partly driven by increased promotional support in the UK.
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NewsPoundshop secures £2m funds from Foresight to fuel growth
Poundshop.com has secured a £2m investment to accelerate growth with backing from venture capital firm Foresight
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NewsHeineken bid for Punch Tavern pubs faces CMA investigation
The CMA is looking into whether the £403m deal would reduce competition and choice for customers
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NewsMedia Bites 16 February: Heineken, Brexit, Waitrose, Danone, PepsiCo
Heineken’s results in the week it bought Kirin’s Brazil business was picked up by most papers. Plus the EU is worried over an influx of ‘British champagne’ once Brexit ends food naming rules.
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NewsCity snapshot: Nestlé expects subdued 2017 as growth slows again in 2016
Organic growth at Nestlé slowed for the fifth year in a row in 2016 as trading in the final quarter came in below expectations, with the Swiss food giant giving a subdued outlook for 2017
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NewsPepsiCo strength at home adds fizz to Q4 sales
PepsiCo boosted sales 5% in its fourth quarter to $19.5bn thanks to steady demand in its domestic US market and a 53rd week in the financial year.
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NewsHeineken continues acquisition hunt with £563m Kirin deal in Brazil
Heineken has acquired the Brazilian operation of Japanese brewer Kirin for €664m (£563.4m) as it battles to keep up with AB InBev in the wake of the AB InBev mega-merger with SAB Miller
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NewsWarren Buffett offloads majority of remaining Walmart shares
Veteran investor Warren Buffett has sold off almost all his remaining shareholding in Asda owner Walmart in favour of backing airlines, Monsanto and Apple.
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NewsCity snapshot: Premium brands and cider boost Heineken results
Heineken has reported a “strong” set of results for 2016 as a 3.7% jump in premium beer volumes drove revenue higher and the success of Strongbow Dark Fruit helped the Dutch brewer win share in the cider market. Plus, Danone reports full-year results.
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NewsOcado management sees pay cut as targets are only just hit
CEO Tim Steiner’s cash remuneration fell from £1.1m to £935,000
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NewsConsumers concerned about rising food prices, survey reveals
Study found shoppers were already taking steps to protect themselves against the threat of rising food prices