Finance news – Page 627
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NewsBoost to consumer spending power as Osborne u-turns on tax credits
Osborne said the health of the UK’s public finances had improved so much the cuts were no longer necessary
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NewsFinsbury Food shares rise as new year starts strongly
Soaring sales in the first four months of the new financial year has pushed Finsbury Food shares close to record highs.
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NewsFirst Milk announces return to profit
The struggling dairy co-op recorded operating profit of £1.1m for the six months to 30 September
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NewsMedia Bites 25 November: Tesco, Greencore, Coca-Cola, John Menzies
All eyes are on Chancellor George Osborne today ahead of the Autumn Statement and Spending Review, but this morning’s papers find room for potential strike action at Tesco and booming sales and profits at Greencore.
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NewsCity snapshot: Britvic improves profits despite challenging markets
Robinsons squash owner Britvic has improved its full-year pre-tax profits by more than 10% to £147m despite sales falling as it kept close control of its costs
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NewsGreencore to extend food to go facilities amid booming sales
Greencore has announced the opening of a further £12m investment in its Northampton food to go base to open a new facility to cope with stronger than expected volumes.
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NewsAston Manor gears up to grow its premium cider sales 30-fold
MD Gordon Johncox outlines his vision for future of Frosty Jack’s producer…
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NewsCandy Kittens seeks £300k from the crowd
Made in Chelsea confectionery brand Candy Kittens plans to raise £400,000 via a crowdfunding campaign launching later this week.
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NewsBakkavor Q3 UK sales rise as it drives volumes
Bakkavor has increased UK like-for-like sales in the face of challenging retail conditions as it passed on lower prices to its grocery customers.
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NewsMedia Bites 24 November: Ocado, Nestlé, WHO
A broker upgrade for Ocado, Nestlé finds evidence of slave labour in the supply chain and sausage and bacon sales hit by cancer scare.
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NewsGreencore focus on food-to-go helps sales rise
Greencore has increased sales 5.2% to £1.34bn in the year to 25 September as its strategy to focus on food-to-go pays off.
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NewsB&M hands audit contract to KPMG
B&M has ended its 18-year relationship with Grant Thornton as chooses a new auditor.
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NewsSupermarket price war squeezes SME supplier profit margins
The gap between profit margins of Britain’s smallest food producers is widening versus their bigger competitors thanks to the supermarket price war.
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NewsMoy Park set to invest further in Derbyshire poultry facilities
finanThe investment is part of a wider growth strategy that remains on track following its sale to JBS
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NewsCity snapshot: Small food suppliers are the main casualties of price war
Small food manufactures are being hit the hardest by the raging supermarket price war, with margins being squeezed by more than a third, according to a new research.
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NewsMedia Bites 23 November: Black Friday, Autumn Statement, Morrisons
The papers reflect the fact that this week brings the Chancellor’s Autumn Statement and Black Friday.
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NewsOmsco wins licence to export UK organic dairy to China
The deal means Omsco can also supply milk to dairy processors who want to export to China
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NewsSurplus redistributor Company Shop gets £7.6m expansion cash
Surplus food redistributor Company Shop has secured a £7.6m funding package
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NewsAsda Price Guarantee placed under review
CEO Andy Clarke confirmed a decision on the scheme would come early next year
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NewsCity News: Poundland's dramatic tumble
Shares in fixed-price discounter Poundland took a dramatic tumble to all-time lows