Finance news – Page 636
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NewsCity snapshot: Diageo sells wine portfolio to Treasury Wine Estates
Diageo has agreed sale of its major wine interests to Australia’s Treasury Wine Estates for $552m
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NewsMedia Bites 14 Oct: Megabrew, Asda, Business rates
The papers are lining up with their takes on the creation of ‘Megabrew’ after AB InBev agreed terms on a deal to buy rival SABMiller.
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NewsCoca-Cola Life hits £26.5m in UK sales in its first year
The line was launched in September 2014 as a lower-sugar alternative to regular Coke
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NewsFood sales drop 1.4%, according to BRC/KPMG Retail Sales Monitor
The late August Bank Holiday and strong sales of furniture and clothes boosted the retail sector in September - but food sales are falling significantly as price wars and deflation continue to bite.
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NewsSABMiller and AB InBev agree £68bn takeover
SABMiller and AB InBev have agreed terms for the fmcg sector’s largest ever takeover after AB InBev raised its offer for the London-listed SAB to £44 per share.
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NewsMedia Bites 13 Oct: SABMiller/AB InBev, Tesco, Retail sales
All the papers feature AB InBev’s improved £43.50 per share offer for SABMiller.
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NewsCity Snapshot: SABMiller and AB InBev agree £44 per share deal
SABMiller has announced this morning it has agreed a £44 per share cash deal with AB InBev worth around £70bn.
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NewsClearwater Seafoods lands Macduff Shellfish in £100m deal
Scottish seafood processor Macduff Shellfish Group has been sold to Canada’s Clearwater Seafoods in a £98.4m deal.
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NewsRick Vlemmiks joins The Co-op Food group as customer director
Co-operative Food hires customer director to oversee brand proposition and marketing
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NewsConsumer spending bounces back from summer slump
The new numbers from Barclaycard showed that the spending growth of 3.7% last month is up on the 3% seen in August
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NewsTesco promises instant price-matching with new Brand Guarantee
Tesco’s Brand Guarantee is being rollout out across the UK today after trials in Northern Ireland
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NewsCity snapshot: Tesco vows to be cheapest on branded shop
Tesco has this morning announced the latest initiative of its fight to turnaround the company
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NewsMedia Bites 12 October: AB InBev, SABMiller, Tesco
The AB InBev and SABMiller takeover saga takes up lots of space in the papers ahead of the Wednesday bid deadline and funds in the US heap more woes on Tesco.
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NewsItsu bags £40m refinancing to take a bite out of overseas markets
Food-to-go chain Itsu has agreed a £40m bank refinancing package to help it implement a three-year expansion plan at home and abroad.
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NewsCrowdfunding push by chocolate venture Coeur de Xocolat
Coeur de Xocolat is the latest food & drinks business to turn to the crowd for cash to build its brand
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NewsLactalis McLelland blames tough trading for profit fall
Dairy processor Lactalis McLelland reported a pre-tax loss of £3.83m for the year to 31 December 2014, as it battled a “difficult trading environment” for dairy products.
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NewsWellness Foods makes healthy profits after brand sell off
Wellness Foods has generated profits of more than £50m and cleared its large debts thanks to the sales of the Rowse Honey and Dorset Cereals brands.
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NewsMcColl’s lures Tesco’s Simon Fuller to deputy CFO role
McColl’s Retail Group has lured one of Tesco UK’s finance directors to become its deputy chief financial officer
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NewsSoreen MD Paul Tripp hands in resignation
finanPaul Tripp has resigned as managing director of Samworth Brothers-owned malt loaf brand Soreen
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NewsSABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.