Finance news – Page 628
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NewsWayne Hudson named Birds Eye managing director
Hudson to replace Andy Weston-Webb as he takes on newly created role of chief commercial officer
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NewsCity snapshot: Seabrook profits soar as business enters 'growth phase'
Bye said it was the first year of the “growth phrase” at Seabrook after completing a three-year turnaround
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NewsResurgent Seabrook Crisps sees profits soar 60%
Profits have climbed more than 60% at Seabrook Crisps in the year leading up the £35m buyout by LDC
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NewsPoundland stock hits all-time low
Poundland shares plunged 20% in early morning trading to a record low
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NewsGenius plans to hike frozen sales with Chapel acquisition
The free-from bakery brand has bought the supplier in a £3.5m deal
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NewsMedia Bites 19 November: Online sales, McVitie's, Network Rail
After a day with little activity to speak of in the grocery and fmcg sector, the papers are light on retail stories this morning.
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NewsCity snapshot: Poundland to speed up 99p conversion with losses expected
Poundland has accelerated the conversion process of the acquired 99p Stores in an attempt to stop sales and profits haemorrhaging at the format it bought for £55m earlier this year.
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NewsCurious Drinks eyes more crowdfunding cash after smashing target
Chapel Down has increased its fundraising target for its fast-growing beer and cider business Curious Drinks to £3.7m after smashing its £1m crowdfunding bid in less than a month.
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NewsSweet maker secures tasty funding package
Asian sweets producer Mushtaq Sweet Centre has set up a manufacturing hub in Birmingham after receiving a six-figure funding package.
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NewsXottle launches £200k fundraising drive
The makers of an innovative new drinking container for enjoying beer-on-the-go are looking to raise £200,000 to support further product development.
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NewsScottish craft brewer Broughton Ales acquired by industry trio
Brewery produces brands including Greenmantle Ale, Old Jock, Hopopotamus IPA and Blonde Lager
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NewsMedia Bites 18 November: Asda, Kantar Worldpanel, B&M
The travails of the UK grocery market – and in particular Asda – receive plenty of scrutiny this morning as the latest Kantar Worldpanel data is picked over.
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NewsCity snapshot: DekelOil eyes profits uplift as production gets underway at Ivory Coast plant
DekelOil has started production at its kernel crushing plant in Ivory Coast to add a further “significant” revenue stream at the palm oil project.
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NewsAsda sales fall in Q3 as conditions remain “tough” for Andy Clarke
Like-for-like sales at Asda have fallen by -4.5% in the third quarter as the supermarket price war, food price deflation and the continued growth of the discounters all took their toll.
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NewsAldi and Lidl reach combined 10% of UK grocery as sales surge
Kantar Worldpanel figures show Lidl enjoyed a 19% surge in sales year on year in the latest 12-week period
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NewsPrinces to extend Aqua Pura factory with £15m investment
Princes investing £15m as part of plans to grow the bottled water brand
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NewsIglo sales hit on difficult trading in three biggest markets
Sales at Birds Eye owner Iglo have fallen 8.4% to €315.5m in the third quarter as it exited markets in Romania, Slovakia and Turkey and was hit by currency exchange rates.
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NewsMedia Bites 17 November: Majestic Wine, Tesco, Black Friday
Majestic Wine takes up plenty of column inches as the papers digest what the 50% slump in profits and the new turnaround plan means for Britian’s biggest wine marchant.
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NewsCity snapshot: B&M drives sales with record store openings
B&M has increased revenues by almost 26% to £930.3m thanks to the rapid growth of its store network. Plus the latest market share data from Kantar Worldpanel and Nielsen.
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NewsMoy Park sales slip in "challenging" market
Moy Park revenues have fallen 1% in the third quarter thanks to foreign exchange movements, the impact of bird flu outbreaks, commodity price deflation and lower international sales.