Finance news – Page 624
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NewsRoyal Greenland invests in Canadian rival
Cold water prawn supplier Royal Greenland has taken a stake in a Canadian seafood producer rival in a bid for greater sector consolidation.
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NewsOne Stop profits halve despite sales edging closer to £1bn
Pre-tax profits fell from £21m to £10m on sales up from £789m to £925m
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NewsDavid Glennan joins British crisp maker Corkers as its new MD
Glennan previously founded Glennans, which became the largest manufacturer of vegetable crisps in Europe
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NewsFWD to offer £2,500 skills development grant to wholesalers
Grant aims to help build skills and encourage learning and development
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NewsCity snapshot: Frutarom makes 12th acquisition of 2015
Acquisitive multinational ingredients company Frutarom has snapped up two more companies as it continues to expand its reach in world markets.
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NewsMedia Bites 9 Dec: AB InBev, Dobbies, plain packaging
AB InBev has faced criticism in the US Senate over its takeover of SABMiller; Tesco-owner garden centres Dobbies slides into the red; and four tobacco giants prepares for a visit to the High Court.
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NewsPizza supplier Stateside Foods sees five-fold profits increase
Reported profits for the full-year to 28 February 2015 rose from £1.3m to £7.6m on sales that grew 6.9%
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NewsTreatt beverage focus helps sales rise
Ingredients group Treatt has increased revenues by 8.5% to £86m in the past year, with sales to fmcg suppliers being a particular growth driver.
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NewsSeafish appoints Marcus Coleman as new CEO
Marcus Coleman replaces Paul Williams as Seafish CEO
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NewsTesco business transformation director Jill Easterbrook to exit
Tesco director Jill Easterbrook set to leave after 15 years
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NewsCity snapshot: Black Friday fails to boost November retail sales
UK retail sales decreased 0.4% on a like-for-like basis from November 2014, according to the latest figures from the BRC-KPMG Retail Sales Monitor, plus all the latest news from the City.
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NewsTwo-thirds of fmcg and retailer companies eye 2016 acquisitions
Some 66% of fmcg and retail executives said they would actively look for M&A opportunities next year
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NewsMedia Bites: UK retail sales, WH Smith, Keurig
Most of the papers this morning have a story about the failure of Black Friday to boost retailers’ sales figures.
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NewsMark Aylwin to leave Booker to run Matthew Clark
Bargain Booze owner Conviviality has poached Booker exec Mark Aylwin to run recently acquired wine wholesaler Matthew Clark.
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NewsGousto raises £9m to fuel next stage of growth
Recipe box delivery business Gousto has raised £9m in funding to strengthen its team, broaden the sales reach and expand the range.
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NewsWH Smith boss lands 12% pay rise as profits blossom
WH Smith hands CEO a bumper pay rise of 12.3% to take his salary to £550k to compensate for a pay package which had fallen to “uncompetitive” levels.
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NewsMedia Bites 7 Dec: Mondelez, McDonald's, business rates
Cadbury owner Mondelez International comes under the media spotlight as it is revealed to have paid not corporation tax in the UK since 2010.
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NewsCity snapshot: Conviviality poaches Booker exec to head up Matthew Clark
Bargain Booze owner Conviviality has appointed Booker executive Mark Aylwin to run the Matthew Clark business it acquired earlier this year.
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NewsDaloon owner sells up in face of heated competition
Danish ethnic frozen food producer Daloon – and its UK subsidiary – is set to be snapped up by a Dutch private equity-backed rival.
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NewsMorrisons exits FTSE 100 as share price continues to fall
After clinging on by its fingernails this year, Morrisons finally succumbed to the weight of its falling share price