Finance news – Page 611
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NewsTreasury Wine profits rise on Asian demand
Treasury Wine Estates has doubled profits in the first half of its 2016 financial year on the back of soaring sales in Asia.
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NewsBurton’s Biscuits in talks to buy 2 Sister’s-owned Fox’s
Sources stressed to The Grocer that the talks remained at a preliminary stage
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NewsMedia Bites 18 Feb: Morrisons takeover rumours, Asda, Nomad
A £6.4bn offer for Morrisons from Tesco or private equity company Permira “could not be far away” according to the Daily Mail.
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NewsRetail leaders slam government for business rates "bragging"
BRC warns 40,000 high streets stores will close by 2020 without rates reduction
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NewsL’Oréal sees ecommerce sales soar by 62.5%
The health and beauty group has ramped up investment in digital content, particularly apps
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NewsGary Mills leads stores management restructure at Morrisons
Morrisons reshuffle promotes more women to senior roles, including Vicki Reay (pictured)
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NewsHancocks Cash & Carry joins Today's Group
Hancocks will look to harness Today’s Group’s greater buying power
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NewsCity snapshot: UK branded sales help mitigate milk price slump for Arla Foods
Arla’s overall volume of milk grew by approximately 622 million kilos in 2015 to 14.19 billion kilos
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NewsMedia Bites 17 Feb: BHS, Oppo, Pernod Ricard
The owner of BHS has secured a loan from an American restructuring company best known for trying, and failing, to rescue Blockbuster, writes The Times.
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NewsStreet Eats boosts capacity with £4m factory investment
The move is also expected by company bosses to create 300 jobs once the site is fully operational.
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NewsTesco shows Irish upturn as grocery market continues strong recovery
The Irish grocery market has grown 3.8% over past 12 weeks according to Kantar Worldpanel
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NewsTesco sued over Whaley Bridge store restrictive covenant
Developer is seeking declaration that covenant is void and unenforceable
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NewsMedia Bites 16 Feb: Aldi, Reckitt Benckiser
There are only two stories which dominate coverage in today’s papers as far as food and drink is concerned: Aldi’s plans for 80 new stores and a good year for Durex and Dettol owner Reckitt Benckiser.
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NewsCity snapshot: Food and drink manufacturing worth £21bn to UK economy
The whole of UK manufacturing grew 3% to £364bn in 2014 – the equivalent of £9.2bn
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NewsStrong fourth quarter sends Reckitt Benckiser shares up 7%
A strong performance in Reckitt Benckiser’s (RB) consumer health division helped fourth quarter sales beat expectations and drive the fmcg giant’s shares 7% higher today.
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NewsTesco extends support for First Milk Cheddar suppliers
First Milk farmers to benefit from Tesco winter supplement for an extra six weeks
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NewsRecruitment is food and drink sector's biggest challenge, says Nestlé CEO
Fiona Kendrick says an ”apprenticeship renaissance” is needed to plus skills gaps
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News99p Stores losses balloon in run up to Poundland sale
Losses at 99p Stores grew to £11m and sales went into reverse in the run up to Poundland acquiring the business last year,.
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NewsCity snapshot: Health sales drive Reckitt Benckiser revenue growth
Reckitt’s shares rise on stronger than expected sales, UK footfall sees a huge rebound and so does the FTSE as investors concerns over China ease.
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NewsMedia Bites 15 Feb: UK footfall, Ocado, Tesco
Colder temperatures and the January sales drove shoppers back to the high street last month.