Finance news – Page 547
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsReed Boardall increases profits despite sales dip
Revenues at Yorkshire-based cold storage and transport business The Reed Boardall Group dipped slightly to £64.3m in the year to 31 March 2016, compared with £65.9m in the previous 12 months.
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NewsLeadsom promises post-Brexit red tape purge
Environment secretary pledges to slash bureaucracy in bid to ‘set farmers free’
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NewsNisa reports strong Christmas boosted by fresh produce sales
The figures given exclude former member My Local, which filed for administration in June
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NewsCity Snapshot: Deflation eases again as ambient prices rise
Deflation continued to ease in December, according to the monthly BRC-Nielsen shop price index, with overall shop prices down 1.4%
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NewsMedia Bites 4 Jan: Tesco, Deflation, West Cornwall Pasty Co, Britvic
“Tesco is left embarrassed by director’s fast checkout” is the headline in The Times (£) this morning on the surprise departure of Tesco director and Compass Group chief exec Richard Cousins.
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NewsHalewood plans whisky distillery in North Wales
The project, referred to as Aber Falls, is set for the Aber depot in Abergwyngregyn
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NewsAsda and Tesco go head to head over cupboard basics
2017 already shows signs of brutal competition among the supermarkets
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NewsSamworth Brothers buys West Cornwall Pasty Co
Samworth Brothers has acquired the West Cornwall Pasty Co from private equity group Endless, the company has confirmed today.
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NewsRetail growth will stagnate under Brexit and Trump says KPMG
Retail Think Tank members predict overall retail growth of just 0.5% in 2017
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NewsHealthy eating to fore in Morrisons price cuts
Morrisons has cut the price of 800 lines including many healthy eating lines and ‘superfoods’
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NewsCity snapshot: Britvic expands in Brazil with £54.5m juice acquisition
Britvic has agreed a £54.5m deal to further grow its presence in Brazil with the acquisition of Bela Ischia Alimentos juice and concentrates business
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NewsMedia Bites 3 Jan: Retail pay, New Year footfall, 2017 share predictions
Retail pay dropped sharply in 2016, according to a new report.
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NewsGraham’s the Family Dairy keeps profits flat as sales fall
Sales fell by £1.43m but a series of supply deals helped keep profits flat
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NewsPayPoint completes restructuring with £26.5m sale of mobile payments arm
PayPoint has sold its mobile payments business to Volkswagen Financial Services for £26.5m in cash, putting an end to its major restructuring project.
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NewsMedia Bites 23 December: Christmas, Weetabix, Champagne, Weight Watchers, Brexit
Supermarkets are braced for their busiest day of the year today, with shoppers expected to spend almost £900m on groceries for the Christmas break.
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NewsCity snapshot: Mega-deals fuel a 'vintage' year for food & drink M&A
Despite the surprises and shocks 2016 has thrown up - notably Brexit and a Donald Trump presidency - a senior City dealmaker argues that it has been a ‘vintage’ year for food and drink M&A.
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NewsEdible Oils sales hit by deflationary pressures
The raging supermarket price war, as the supermarkets battle the discounters to win back customers, has hit sales at Edible Oils, the producer behind the Crisp n’ Dry, Mazola and Olivio brands.
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NewsEden Research commercialises natural pest killer
AIM-listed agro-tech firm Eden Research has signed an exclusive commercialisation agreement for its product, which kills worm that attack growing fruit and veg, with Taminco, a subsidiary of Eastman Chemical Company’s global crop protection division.
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NewsCook Trading battles 'shaky' start but delivers another record year
Revenues jumped 14% to £45.1m in the year to 31 March 2016 thanks to a strong finish in the last five months, including a “fantastic” performance at Christmas as shoppers sought out quality food..