Finance news – Page 630
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NewsRetail sales slump in October
Shoppers are holding fire in anticipation of Black Friday, the latest intelligence from the British Retail Consortium for October suggests.
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NewsMedia Bites 11 November: AB InBev, SABMiller, Premier Foods, Mark Price
The papers feature the imminent agreement of the AB InBev takeover of SABMiller, the return to branded growth of Premier Foods and Waitrose MD Mark Price calling a fairer form of capitalism.
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NewsCity snapshot: Sainsbury's profits slump 18% as price war bites
Sainsbury’s underlying pre-tax profits have fallen almost £70m to £308m in the first half as the supermarket invested heavily in lowering prices. Plus, AB InBev agrees terms with SABMiller for £71bn takeover and Real Good Food profits from Napier Brown sale.
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NewsAsda turns back on Black Friday due to 'shopper fatigue'
Asda, the pioneer of Black Friday in the UK, pulls plug on sales scramble
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NewsKent Potato Company to be closed by Produce Investments
Decision comes after a reduction in a major contract to supply potatoes to an unnamed supermarket
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NewsSunday trading relaxation in England and Wales jeopardised by SNP
SNP fears the government’s move could put pressure on national retailers to reduce wages across the UK
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NewsPremier Foods share price sweetens as investment in brands pays off
Shares in Premier Foods have this morning rocketed up by 21% after the grocery supplier increased quarterly branded sales
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NewsCity snapshot: Premier Foods grows branded sales for first time in two years
Premier Foods has posted the first quarterly increase in branded sales for two years this morning as it announces the introduction of a new brand from Great British Bake Off judge Paul Hollywood.
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NewsTesco CEO Dave Lewis urges government to hike tax for online retailers
Dave Lewis has urged the government to increase the tax burden on online companies
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NewsSamworth Brothers appoints Alex Knight as new group CEO
Ginsters and Soreen owner Samworth Brothers has appointed Alex Knight as its new group chief executive
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NewsNestlé’s Maggi noodles go back on sale in India
Maggi noodles back on sale five months after they were pulled from shelves in a health scare
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NewsCity snapshot: Carr’s Group achieves record profits despite revenue fall
Carr’s Group, but the agriculture and food company Carr’s Group reports a 6% rise in full year EBITDA despite 4.1% revenue fall, Sainsbury’s…
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NewsMedia Bites 9 Nov: SABMiller, Sainsbury's, M&S
SABMiller is set to offload its American business for more than $10bn (£6.6bn) this week when it finally agrees terms on a merger with Anheuser- Busch InBev.
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NewsABF says worst is over as sugar crash takes toll on profits
ABF boss George Weston is confident its sugar woes are in the past
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NewsCity Snapshot: Adelie close to taking a bite of sandwich filling firm Freshpak
The Grocer this morning has an exclusive story about Urban Eat owner Adelie circling a £68m-turnover Yorkshire-based sandwich filling supplier.
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NewsMedia Bites 6 November: Morrisons, Tate & Lyle, Dairy Crest
The papers pick over the bones of another dire quarterly performance by one of the big four supermarkets this morning
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NewsAdelie sandwich empire set to add Freshpak Chilled Foods
The deal hungry food-to-go supplier is in advanced talks to acquire sandwich filling supplier Freshpak Chilled Foods
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NewsDiageo to make £60m loss on Argentina wine disposal
Diageo has agreed to sell its wine interests in Argentina to the country’s leading producer and distributor for an undisclosed sum.
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NewsDairy Crest profits fall as spreads business falters
Dairy Crest has reported a 5% fall in revenues from continuing operations and a 13% fall in pre-tax profits in the first half as the butter and spreads business struggles.
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NewsDecline in Scotch whisky exports has slowed, reports SWA
Scotch whisky exports are turning a corner, according to the industry body the SWA