Finance news – Page 634
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NewsMedia Bites 22 Oct: Coca-Cola, Starbucks, Waitrose
Coca-Cola hit by strong dollar and Starbucks suffers EU tax blow…
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NewsHeinz Beanz and sauces growth makes up for sagging soup sales
Heinz Beanz and sauces both saw strong growth in the UK last year to help boost profit margins and negate the impact of a sharp drop in soup sales.
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NewsMedina Dairy bullish on supermarket milk contracts following Müller deal
The agreement will boost Medina’s milk processing capacity by a third
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NewsFmcg administrators hopeful of striking a rescue deal
A buyer is being sought to rescue a personal care and consumer goods business which supplies its products to supermarkets, pharmacies, discounters and wholesalers throughout the UK.
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NewsChapel Down launches £1m crowdfunding push
Curious Drinks has launched a crowdfunding campaign and share placing to raise at least £1m via the Seedrs platform.
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NewsReckitt beats City forecasts and ups full year sales target
Reckitt Benckiser has topped City expectations after recording a 7% jump in like for like sales during the third quarter.
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NewsCity snapshot: Reckitt Benckiser raises full-year revenue targets
Reckitt Benckiser has defied the City yet again by continuing to beat analyst expectations with a 7% jump in like-for-like sales to £2.2bn in the third quarter.
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NewsMedia Bites 21 October: Mark Price, Kantar Worldpanel
There is only really one retail story dominating the papers this morning and that is the surprise news of Mark Price’s departure as MD of Waitrose
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NewsTDR backs Euro Garages in £1.3bn deal
Forecourt retailer Euro Garages has secured the backing of investment firm TDR Capital in a deal which values the business at £1.3bn.
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NewsVita Coco expands rapidly in UK
Sales and profits at coconut water brand Vita Coco have rocketed in the UK as consumers increasingly look to healthier alternatives to sugary drinks.
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NewsConditions remain tough for big four as discounters speed up growth again
Trading conditions for the big four supermarkets are showing no signs of improving as Aldi and Lidl ramp up growth again, according to the latest market share data.
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NewsAsda targets the discounters with Christmas price war plan
Source at the retailer says Asda will “park our tanks” on the discounters’ lawns
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NewsMark Price to quit as Waitrose MD
Mark Price is to step down from his role as MD of Waitrose with retail director Rob Collins taking over next year, the retailer has confirmed.
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NewsMedia Bites 20 Oct: Asda, Tesco, Weight Watchers
Asda’ strategic rethink to cut back on click & collect and expansion in London is the focus of the papers this morning.
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NewsCity snapshot: Double digit sales growth at Costa Coffee
Costa Coffee owner Whitbread has reported an 11.3% boost to revenues partly thanks to strong growth across the coffee chain.
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NewsDeals and discounters fuel UK growth at R&R Ice Cream
Ice-cream maker R&R Ice Cream has reaped the benefits of consolidation and the growth of the discounters as sales and profits in the UK soared by 25% and 90% respectively.
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NewsMüller gets CMA green light for Dairy Crest milk acquisition
Dairy Crest’s £80m sale of its liquid milk division to Müller has been approved by the Competition and Markets Authority.
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NewsProfits fall at Walkers despite sales boost
Walkers Snack Foods saw operating profits drop by 13.5% in the year to 27 December 2014 despite a healthy rise in revenues.
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NewsDanone baby food growth drives sales ahead of expectations
French food group Danone has beaten forecasts with like-for-like sales rising 4.6% in the third quarter thanks to double-digit growth in its baby formula division.
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News‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.