Finance news – Page 605
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NewsMedia Bites: Budget special - sugar tax and business rates
George Osborne’s sugar tax has been attacked by soft-drink makers and is “certain to cost jobs”.
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NewsSoft drinks producers hammered by sugar tax
George Osborne’s announcement of a tax on sugary drinks has sent shares tumbling in the soft drinks sector.
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NewsDelhaize and Ahold merger gains final European clearance
Delhaize and Ahold have been given the green light by competition watch dogs in Belgium for the proposed merger of the two European food retailers.
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NewsGeorge Osborne’s budget - the key takeaways for food and drink
Osborne announced a “fundamental” shake-up of business rates
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NewsFinsbury Food sales and profits soar as acquisitions bed in
Sales and profits are booming at Finsbury Food thanks to acquisitions as well as underlying organic growth as the listed bakery diversifies into food service.
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NewsMedia Bites 16 March: Sainsbury's, Argos, Ocado
The papers are firmly focus on today’s Budget but Sainsbury’s results and the expected improved offer for Argos still gets plenty of coverage
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NewsSales increase as 2 Sisters strategy starts to pay off
Like-for-like sales at 2 Sisters Food Group have increased 0.4% to £800.1m in the second quarter
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NewsKraft Heinz UK and Ireland MD Jan Kruise exits
Kruise worked at Heinz for 13 years before stepping into the managing director role
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NewsPoll shows 71% of food & drink suppliers want to remain in EU
The single market, access to raw materials and free movement of labour were the key factors cited
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NewsBlends expands with £4.6m funding
Specialist food ingredients business Blends has doubled the size of its manufacturing facility after securing a £4.6m bank funding package.
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NewsSainsbury's first sales rise in two years: what the analysts say
What did City analysts make of Sainsbury’s managing its first quarterly rise in sales for two years, with like-for-like retail sales nudging up just 0.1% in the fourth quarter?
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NewsOcado shares surge on solid first quarter results
Gross group sales climbed 15.3% to £312.4m in the 12 weeks to 21 February from £271.1m in the same period in 2015
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NewsMedia Bites 15 March: CBI, Fever-Tree, BHS, The Fresh Market, Co-op Bank
The CBI has ventured where the Food and Drink Federation daren’t by coming out strongly in favour of remaining in Europe after a poll of members found overwhelming support to stay.
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NewsSainsbury's improves sales in Q4
Sainsbury’s reports first positive quarterly like-for-like sales growth for more than two years
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NewsApplegreen reports 30% profit growth as it builds estate
Irish forecourt operator Applegreen saw gross profit rise 30% in its first year as a listed company as it grew its estate from 152 to 200.
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NewsSimply Cook kicks off £600k crowdfunding push
Recipe kit start-up Simply Cook is targeting £600,000 in a crowdfunding campaign to expand its marketing efforts and launch a distribution partnership with Ocado.
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NewsAhold and Delhaize shareholders give merger green light
Shareholders at European food retailers Ahold and Delhaize have voted overwhelmingly in favour of the proposed €9.8bn merger of the two groups.
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NewsFever-Tree toasts “exceptional” first full year as listed company
Premium mixers manufacturer Fever-Tree has posted a 71% revenue rise and 82% increase in earnings in its first full year as a London listed company.
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NewsJeff van der Eems steps down as United Biscuits CEO
Executive chairman Jim Zaza will assume the CEO’s responsibilities for the foreseeable future