Finance news – Page 621
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NewsMüller hints at rationalisation following Dairy Crest merger
Müller Milk & Ingredients combines the dairy operations of Müller Wiseman Dairies and Dairy Crest
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NewsMedia Bites 4 Jan: M&S, Amazon, Aldi, Co-op
Marks & Spencer has fired its head of the new Sparks loyalty scheme in a racism row. Plus Amazon declared Christmas winner, Aldi to open record number of stores and Co-op embroiled in £5m unfair dismissal case.
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NewsCity snapshot: Big four cut diesel to below £1
Morrisons, Asda, Tesco and Sainsbury’s have all cut the price of the fuel to below £1 for first time since 2009.
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NewsCity snapshot: M&S shares hit by broker downgrade
Marks & Spencer (MKS) shares slipped yesterday after one broker forecast a 5.5% slump
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NewsHain Celestial UK gets healthy with Orchard House Foods deal
Hain Celestial has acquired Orchard House Foods from Wellness Foods as it seeks to make its portfolio healthier.
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NewsProduce Investments buys daffodil grower Andrew Farming
The deal includes the acquisition of more than 40 new commercial daffodil bulb varieties and 90 smaller seedling varieties
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NewsConvenience store investment levels make slight recovery
C-store investment bounces back despite Living Wage fears
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NewsR&R Ice Cream completes £25m update at Leeming Bar factory
The supplier said the upgrate would boost the site’s production capacity by more than a fifth
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NewsHeineken picks up Red Stripe with Desnoes & Geddes deal
The acquisition of Red Stripe maker Desnoes & Geddes also includes Dragon Stout
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NewsBread and baked goods set for further decline, says Mintel
Falling sales are largely down to a drop in demand for packaged sliced bread
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NewsFood retail distress levels rise in run up to Christmas
Food retailers are among those hit hardest, with an 11% increase in ‘significant’ financial distress
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NewsMedia Bites 22 Dec: Camden Town Brewery, Mondelez, Cadbury's Milk Tray
AB InBev’s shock takeover of independent craft brew Camden Town Brewery garners plenty of headlines this morning - not all positive.
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NewsCity snapshot: UK consumer confidence stays positive for whole of 2015
After falling for the past three months, consumer confidence was back on the rise again in December to finish the year on +2, the latest GfK index has revealed.
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NewsRowse Honey's profit margins rise post-Valeo Foods sale
Valeo Foods-owned Rowse Honey made a pre-tax profit of £11.2m in the 15 months to 31 March 2015 thanks to marketing investment and new product development.
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NewsDiageo freed from supplier payment "hall of shame"
Other food and drink firms currently in the forum’s “hall of shame” include Carlsberg, Premier Foods and Mars
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NewsAB InBev purchases Camden Town Brewery
Move comes less than three weeks after AB InBev announced that rival London craft brewery Meantime would be put up for sale
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NewsThai Union reels in Rügen Fisch to strengthen European position
John West owner Thai Union has netted a majority stake in German canned seafood processor Rügen Fisch to strengthen its European position.
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NewsGrowth at grocers picks up in the run up to Christmas – CBI
Grocery retailers have recorded solid growth in the run-up to Christmas, according to the CBI’s latest monthly distributive trades survey.
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NewsProudfoot Supermarkets reports 88.5% rise in pre-tax profits
Focus on shrinkage pays off for Proudfoots
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NewsCity snapshot: Dairy Crest snaps up £6m remainder of infant formula joint venture
The company said full ownership gives it sole control over the development of the GOS business