Finance news – Page 598
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NewsSABMiller boosts volumes but revenues hit by strong dollar
For the full year, premium lager brand volumes grew by 6%
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NewsMedia Bites 21 April: Coca-Cola, McDonald's, Yum
Coke profits fall in Q1 on weak demand for fizzy drinks; McDonald’s faces a reported $300m tax bill in France; and Yum Brands shares rise as a Chinese KFC promotion lifts sales.
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NewsWarner Edwards wins £150k to ‘turbo-charge’ growth
Craft gin producer secures £150k to invest in capacity after winning a national competition for small and medium-sized businesses.
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NewsNational living wage could spark spate of collapses - Begbies Traynor
Almost 60,000 companies in the UK were in a “dire” financial state when NLW was implemented
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NewsWing Yip pre-tax profits soar by more than a quarter
Wholesaler will begin building work to double the size of its Croydon depot in July
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NewsSeabrook Crisps on major export drive with Gulf deal
British snack brand Seabrook Crisps has signed its first international deal as part of the growth strategy unveiled following the LDC-backed £35m management buyout last year.
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NewsMedia Bites 20 April: Which?, ABF, Pret A Manger, Premier Foods
A new investigation by consumer group Which? makes headlines this morning after it revealed food giants and supermarkets are still shrinking the size of popular items and increasing prices.
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NewsHeineken beer volumes jump 7% in Q1
The Dutch brewer reported this morning in a trading update that it had shifted 43.5 million hectolitres
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News140 jobs at risk as QV Foods eyes potato packing site closure
The company plans to consolidate its potato business at its Holbeach site in Lincolnshire
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NewsPret A Manager sales soar as veggie demand increases
Food-on-the-go chain Pret A Manger has hiked sales by 14% to £676.2m in 2015
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NewsNish Kankiwala to take over at Hovis as Martyn Wilks retires
Kankiwala joined two years ago as executive chairman
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NewsDanone confirms full-year target as like-for-like sales grow in Q1
Danone sales fell 3% in the first quarter to €5.31bn as it faced into severe currency headwinds of -7.2% but like-for-like figures grow 3.5%.
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NewsAsahi agrees £2bn deal for Peroni, Grolsch and Meantime
Exclusive talks between AB InBev and Asahi since February result in £2bn deal for premium lager brands Peroni and Grolsch, as well as London brewery Meantime.
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NewsLidl applies to open 500,000 sq ft RDC in Devon
Lidl is hoping to receive planning permission by the end of June
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NewsMedia Bites 19 April: Reckitt Benckiser, Pepsi, Waitrose
Reckitt Benckiser revealed a healthy start to the year but the controversy over the huge pay packet of CEO Rakesh Kapoor is still making headlines.
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NewsABF records small sugar profit but revenues decline
Sales have been hit by exchange rates at ABF in the first half
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NewsWaitrose begins exporting to China via e-commerce platform
Retailer also confirms it is no longer paying staff Sunday premium
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NewsThomas J Fudge's hands control to PE investor Livingbridge
The investment will aim to take the premium biscuit brand to number one in the UK
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NewsStock Spirits CEO steps down
Stock Spirits CEO Chris Heath has bowed to shareholder pressure and announced he is stepping down
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NewsMedia Bites 18 April: Sainsbury's, Boots, Ahold
A consortium has abandoned secret plans to launch a takeover bid for Sainsbury’s