Finance news – Page 612
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NewsAsahi in deal to buy Peroni, Grolsch and Meantime from AB InBev
Asahi has signalled its global ambitions after striking a deal with AB InBev to acquire Peroni, Grolsch and Meantime
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NewsOppo attracts hundreds of new investors in crowdfunding round
Oppo ice cream has smashed its new crowdfunding target of £150,000 before the latest campaign has even officially launched.
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NewsFresh to Store picks up Stocked chilled distribution business
Kerryfresh and Stocked will continue to operate separately
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NewsTrewithen continues rapid growth despite challenges in dairy
Cornish processor Trewithen Dairy has continued its rapid expansion with another year of double-digit growth
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NewsMedia Bites 12 Feb: BOGOF, Sainsbury's, Justin King
The big news in the paper retail-wise this morning is that Sainsbury’s is planning to out all multi-buy promotions by the summer. Plus former Sainsbury’s boss wades into the building tax row.
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NewsCity snapshot: Fold Hill Foods acquires Pointer Pet Products
More consolidation in the petcare market, plus Ocado gets a welcome boost from US fund management giant
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NewsPernod Ricard reports 3% first half organic growth
Pernod Ricard has delivered “solid” first half results as the spirits maker saw 3% organic sales growth in the six months to 31 December 2015.
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NewsBakkavor international sales surge
CEO Agust Gudmundsson said the deal to regain control of the ready meals supplier last month marked a turning point for Bakkavor.
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NewsTate & Lyle share plunge on commodities weakness
Shares in Tate & Lyle have dropped by 5.9% today after the sucralose maker warned that weak commodity prices would hit 2016 profits.
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NewsCurrencies and Coca-Cola volume drop hit CCE revenues
Full year revenues at Coca-Cola Enterprises plunged 15% last year as currency movements impacted sales already hit by declining Coca-Cola volumes.
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NewsImperial Brands volumes dragged down by Middle East troubles
However, price increases helped to offset volume declines and push up revenues 10% in the first quarter to £1.6bn.
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NewsDairy Crest brands “performing well” following Müller sale
Plus trading updates from Imperial Brands and Tate & Lyle and structural changes at Pernod Ricard
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NewsMedia Bites 11 Feb: Asahi Group, Harris + Hoole, Mark Price
Asahi Group’s £2.3bn bid for Grolsch and Peroni is an “expensive route to growth”, according to the Financial Times
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NewsAsahi strikes £2bn deal for Peroni, Grolsch and Meantime
Japanese brewer Asahi has agreed a deal with AB InBev to acquire Peroni, Grolsch and Meantime for €2.55bn.
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NewsCarlsberg slumps to £270m loss as premium boosts Heineken profits
Heineken and Carlsberg have reported mixed fortunes for 2015, with the Dutch brewer increasing profits and its Danish counterpart slumping to a massive loss.
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NewsReal Good Food bulks up Haydens Bakery with Chantilly Patisserie deal
Real Good Food has acquired a hand-made frozen desserts maker for £1.75m to expand its Haydens Bakery subsidiary into the growing foodservice sector.
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NewsOcado’s falling share price hits executive pay packets
The pay of Ocado’s executive team fell by a collective 20% last year as the sums earned through share awards fell despite the online supermarket recording record profits.
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NewsMedia Bites 10 Feb: Coca-Cola Company, Kantar Worldpanel
A quiet morning for retail in the papers with Coke’s fourth quarter earnings statement
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NewsCity snapshot: Heineken focus on premium boosts sales and profits
Heineken increases organic revenues 3.5% to €20.5bn, plus Ocado annual reports shows rising pay for directors
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NewsCoca-Cola reports earnings progress despite global revenue fall
Coca-Cola has reported a 4% drop in reported net revenues for 2015 after a fourth quarter slowdown.