Finance news – Page 561
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NewsGovernment calls for evidence on extension of GCA powers
The government says it could look to extend the role even if competition authorities decide there is insufficient evidence
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NewsPoll: How big an opportunity are exports in wake of sterling slump?
The Grocer is polling the UK’s food and drink manufacturers to gauge attitudes to exports in the wake of Brexit
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NewsFood and drink action plan targets £3bn boost in exports
Government targeting nine key markets across 18 countries with best potential for export growth
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NewsCharlie Bigham's hits 'new heights' with 35% growth
Retail sales were up 35% year on year to £57m in the financial year ended August 31 2016…
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NewsMedia Bites 18 Oct: Cigarette sales, the pound, Graze
Cigarettes are no longer a core product for Britain’s corner shops and small retailers, according to research from the antismoking group ASH.
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NewsCity snapshot: Tesco leads the big four as grocery sales rise
Tesco experienced its best year-on-year sales figures for over three years, according to Nielsen market share data released today
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NewsProfits rise at Asda-owned IPL as it secures lowers prices
Asda’s direct sourcing arm International Procurement and Logistics saw a near 23% jump in pre-tax profits last year as it made procurement savings for the WalMart-owned supermarket.
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NewsTesco and Asda embattled by worker pay disputes
Tesco faces legal action over weekend pay, while Asda resists equal pay claims
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NewsNim's Fruit Crisps taps Tesco's BackIt platform for new kids crisps range fundraiser
The Kent-based supplier is aiming to raise £20,000 for the new children’s range
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NewsTony Reed made chief executive at Palmer & Harvey
Current CEO Chris Etherington will remain with P&H as executive deputy chairman
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NewsCity snapshot: Consumer confidence surges to five-year high
UK consumers have shrugged off post-referendum pessimism, with confidence rising to a five-year high. Plus all the rest of this morning’s news from the City …
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NewsMedia Bites: Food price inflation, Tesco workers, Mondelez
Store giants apply ‘unfair’ cost squeeze on suppliers, is the lead story in The Times (£) this morning.
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NewsKellogg's cereal sales flag as consumers seek alternatives
Turnover at the sales and marketing arm of Kellogg’s fell almost £10m to £795.2m in the year to 2 January 2016
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NewsSoaring British wheat prices spark Brexit food inflation fears
Prices are up across all grades of British wheat, with UK feed wheat futures rising 14% to £131.50/tonne since the Brexit
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NewsWeetabix faces tough trading as private label sales plummet
Globally, Weetabix’s sales slipped 1.3% to £432.8m in the year to 2 January 2016
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NewsCity snapshot: Burton's looks to counter 9% annual sales slide
Wagon Wheels manufacturer Burton’s Biscuits undertook a radical shake-up of its business after another year of declining sales, while Unilever and Tesco solve Marmite spat …
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NewsMedia Bites 14 Oct: Unilever/Tesco, WH Smith
The price spat between Unilever and Tesco, which has seen stocks of Marmite running low at the UK’s biggest supermarket, is still capturing the imagination of the papers.
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NewsChaucer Food's double-digit growth boosts US expansion plans
Chaucer Food Group has reported double-digit jumps in sales and underlying profits as it gets closer to securing about $70m of new investment in the US.
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NewsBurton's Biscuits shakeup to address a further decline in sales
Burton’s is under new leadership and has shed its Cadbury biscuits licence as sales fell from £315.4m in 2014 to £287.4m in the year to 3 January 2015.
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NewsAsahi UK is formed following AB InBev and SAB Miller merger
The Japanese brewer’s acquisition of Miller Brands for €2.55bn (£2.3bn) was completed this week