Finance news – Page 622
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NewsMedia Bites 21 Dec: Ken Morrison, Mike Coupe, Christmas trading
The former chairman of Morrisons has built a £6 million stake in Sainsbury’s — and given Mike Coupe, its chief executive, his public backing, writes The Times (£)
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NewsHolland & Barrett reports double-digit annual sales growth
Holland & Barrett International has announced an annual increase in sales of 11.7% and growth in profits of 12.2% for its full financial year ending 30 September 2015.
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NewsPrice war wipes £1bn off fresh food sales
Nearly a billion pounds have been wiped off supermarket fresh food sales in the past year
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NewsGood Hemp dairy alternative looks to raise £1.5m to fuel growth
Braham & Murray is seeking up to £1.5m in a second fundraising round
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NewsDunbia sale 'could result in break-up' of NI meat processor
The auction for Dunbia could see the Northern Irish meat processor broken up…
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NewsOil slump: when will food prices start falling?
Global crude oil prices have slumped to a seven-year low – but food commodity prices haven’t followed yet
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NewsMedia Bites 18 Dec: Bear, Holland & Barrett, Tesco, ONS
Bear’s £70m sale to Lotus Bakeries makes the morning’s papers after The Grocer revealed the deal had been struck yesterday.
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News2 Sisters Food Group sees sales and operating profits fall
2 Sisters Food Group’s sales dropped by 3.5% to £778.3m in the first quarter of its new financial year
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NewsCity snapshot: Bear snapped up by Lotus in £70m deal
Fast growing kids snacking brand Bear has been snapped up by Lotus Bakeries for more than £70m
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NewsBear snapped up in £70m deal as Lotus eyes global rollout
Urban Fresh Foods, the owner of fast-growth kids snacking brand Bear, has been acquired by Lotus Bakeries in a deal worth more than £70m, The Grocer can reveal.
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NewsGraham’s The Family Dairy sees profitability boost in "excellent" year
Scottish dairy group Graham’s The Family Dairy has reported a 20%-plus hike in annual profits despite a slowdown in revenue growth.
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NewsCity snapshot: Profits up at expanding HKS
Forecourt operator HKS saw profitability rise by a third last year despite a 9.2% decline in annual revenues
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NewsMedia Bites 17 Dec: High street retailers, Tesco, Thai Union
Yesterday was a busy day for general retailers despite the lack of news coming from the grocery sector.
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NewsPro Plus snapped up by Lanes Health
Lanes Health has acquired caffeine tablet brand Pro Plus from German multinational Bayer for an undisclosed sum.
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NewsThai Union says shrimp slavery report is a "wake-up call"
It comes after an investigation into shrimp supply chains by Associated Press
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NewsDunbia puts business up for sale
The company said it has recieved several “serious expressions of interest” from would-be investors over the past two years
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NewsCity snapshot: Casino outlines €2bn deleveraging plan
French supermarket group Casino is planning to raise €2bn next year as part of a deleveraging plan to “strengthen its financial flexibility”.
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NewsMedia Bites 16 Dec: Starbucks, Tesco, Imperial Tobacco
Starbucks corporation tax payment of £8.1m last year almost matches its total contributions paid over the past 14 years.
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NewsOrnua sells major stake in DPI Specialty Foods to PE firm
The Irish dairy giant retains a minority share in DPI
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News2 Sisters to continue investment push despite sales drop-off
CEO Ranjit Singh said the food group had continued making progress during the last quarter and expected “to see our hard w…