Finance news – Page 616
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NewsMedia Bites 26 Jan: Tesco, Fever Tree, Sainsbury's
Tesco faces more problems today as The Guardian wries that it will be reprimanded over its treatment of suppliers.
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NewsNisa store numbers boosted by My Local convenience contract
Nisa says focus on price and promotions is paying off in recruitment drive
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NewsFever-Tree shares surge on strong growth and earnings upgrade
Shares in Fever-Tree have leapt 7% in morning trading after it reported booming sales over the second half of the year resulting in a full year earnings that are “comfortably ahead of expectations”.
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NewsHedge fund teams up with Gudmundssons to acquire 89% Bakkavor stake
US hedge fund The Baupost Group has joined with brothers Agust and Lydur Gudmundsson to buy up 89% of Bakkavor for £163m
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NewsMedia Bites 25 Jan: Sainsbury's, Amazon, Ocado, Tesco
As the Sainsbury’s board tours the City to gather support for its Home Retail/Argos deal, shareholders warn the supermarket not to overpay in the takeover bid.
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NewsFever-Tree raises guidance on soaring sales
Premium mixer brand Fever-Tree has increased full-year sales by 71% to almost £60m on the back of a strong second half
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NewsCMA accepts MRH GB's undertakings over Esso acquisition
MRH agreement to sell two stores satisfies CMA to approve forecourt deal
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NewsGeneral Mills UK profit rises as it closes Berwick site
General Mills has released accounts showing profits more than doubled in the UK last year
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NewsMedia Bites 22 Jan: SABMiller, Sainsbury's, Premier Foods, Asda
The race for Peroni, Grolsch and Meantime is heating up as Asahi and Chang brewer Thai Beverage reach the next round of bidding, along with a handful of big private equity players.
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NewsCity snapshot: Adelie takeover of Freshpak in doubt
Urban Eat owner Adelie has run into problems in its pursuit of sandwich filling supplier Freshpak Chilled Foods.
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NewsAdelie takeover of Freshpak hit by snarl-ups
Food-to-go group Adelie’s pursuit of sandwich filling supplier Freshpak Chilled Foods has been thrown into doubt after the deal hit hurdles.
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NewsSABMiller brews up strong figures in emerging markets
SABMiller grew organic global revenues 7% in the last three months of 2015, driven by booming sales in Africa.
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NewsPremier Foods rues warm December as grocery brands struggle
Branded sales at Premier Foods fall as an unseasonably warm December turns shoppers away from its Batchelors, Sharwood’s and Loyd Grossman ranges.
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NewsAsda consulting over 5,000 in-store jobs
Retailer also considering plans to close down major in-store concessions
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NewsCity snapshot: “Solid” third quarter trading for Premier Foods
Premier Foods recorded group sales growth of 0.1% in the 13 weeks ended 2 January
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NewsMedia Bites: WH Smith, Asda, The Co-op
After a day of turmoil on the global stock markets, WH Smith offered a rare glimpse of cheer as it comfortably beat the market’s Christmas sales expectations.
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NewsEuropean and UK sales boom drives 32% growth at Pukka Herbs
Bristol-based tea-market Pukka Herbs has racked up another year of rapid revenue growth as revenues rose 32% on strong European and domestic sales.
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NewsBart Ingredients slips into the red
Bart Ingredients has been dragged into the red following the acquisition of a lossmaking business,
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NewsAsda HQ job cull aims to simplify trading team responsibility
800 Asda House staff have left already or have to decide on alternative roles by Friday
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NewsFood waste firm Winnow raises $3.3m to drive expansion
The London-based food waste tech firm backed by Hugh Fearnley-Whittingstall has raised $3.3m in a fundraising round supported by Mustard Seed and D-Ax