Finance news – Page 617
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NewsMedia Bites 20 Jan: Unilever, Ocado, Holland & Barrett
Unilever’s annual results garners plenty of coverage in a quieter week in retail for the newspapers.
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NewsCity snapshot: Colourful Christmas for WH Smith
WH Smith expects full-year profits to be better than forecast as like-for-like sales on the high street grow 2% over Christmas as shoppers continued to snap up adult colouring books.
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NewsProgress remains slow for European grocers over supplier income transparency
A lack of consensus among the UK’s large food retailers is hampering efforts to increase disclosure of supplier incomes, according to a new report from Moody’s.
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NewsUnilever pledges to focus on innovation amid bumpy 2016 outlook
Unilever has vowed to intensify its focus on product innovation to help it overcome “volitile” global market conditions after announcing a double-digit rise in annual revenues.
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NewsG's to restructure top management after Alan Christie departure
Alan Christie, CEO of fresh salad and veg supplier G’s Group is to leave the business this month
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NewsFood production jobs at risk as major suppliers scale back
Employees at Bakkavor Meals, General Mills UK and Moy Park are facing job losses
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NewsCity snapshot: Unilever reports 4.1% underlying annual sales growth
Unilever has reported a year of strong growth, with underlying sales growth of 4.1% and overall turnover up by 10% to €53.3bn
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NewsMoy Park confirms closure of Wisbech site
Production will be transferred to other Moy Park sites
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NewsGeneral Mills to close Berwick bakery factory
Green Giant and Häagen-Dazs manufacturer General Mills UK is to close its Berwick bakery factor following a review of the business, affecting 265 jobs.
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NewsAsda kicks off major cull of head office jobs
Supermarket will see many senior redundancies across marketing, merchandising and category planning
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NewsCity snapshot: High street traffic slumps 4% over Christmas
UK footfall was down 2.2% year on year in December, with traffic on UK high streets slumping by 4%
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NewsMedia Bites 18 Jan: Argos, Waitrose, Tesco
The boss of Argos described a takeover bid from Sainsbury’s as “opportunistic” this weekend, and said his attempt to turn around the high street catalogue retailer was “not finished by a long shot”.
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NewsBooths has 'resilient' Christmas despite floods in heartland
Sharp rise in Christmas orders helps Booths weather tough festive trading period
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NewsJapan Tobacco secures deal for Reynolds' Natural American Spirit brand
Japan Tobacco has announced the acquisition of the Natural American Spirit tobacco brand outside the United States from Reynolds American.
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NewsHalewood International falls into the red on weak UK performance
Halewood International made a loss of £8.2m in its 2015 financial year after sales plummeted 14.4% to £231.1m.
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NewsHarry Brompton’s hopes to stir up the crowd with £300k fundraising
Premium alcoholic ice tea maker Harry Brompton’s has already won listings in Waitrose, Sainsbury’s, Ocado, Whole Foods and Harrods.
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NewsWhitby Seafoods buys Dawnfresh frozen scampi business
Dawnfresh has decided to exit the scampi sector to concentrate on other species
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NewsTesco and Morrisons share price fortunes turn on Christmas tidings
Tesco and Morrisons have had a torrid run of things on the stock market but this week their fortunes finally turned around
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NewsMetcalfe eyes fatter future for Skinny popcorn under Diamond
Julian Metcalfe is hoping the backing of Kettle Chips will help the popcorn brand win more listings
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NewsMPM petfood sale set to spark flurry of private equity interest
Premium petfood manufacturer MPM Products is expected to spark a dogfight among a handful of private-equity firms