Finance news – Page 638
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NewsCallan Bacon owner expands UK presence with Stirchley Bacon deal
Irish pork processor M&M Walshe has acquired wholesale supplier Stirchley Bacon in a cross-border transaction creating a €120m (£88.7m) group.
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NewsWestons grabs more market share as sales and profits rise
Sales at Westons Cider have hit record levels as the group behind the Stowford Press, Henry Westons and Old Rosie brands grabbed more UK market share.
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NewsNestlé and R&R to merge ice cream businesses
Nestlé is in advanced talks to join forces with European ice-cream company R&R to create a frozen giant employing more than 10,000 staff and operating in 20-plus countries across the world.
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NewsTesco expected to reveal more profit downgrades
Profits at Tesco are predicted to have slumped by more than £500m in the first half, more profit downgrades expected by analysts.
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NewsMedia Bites 5 October: Tesco, AB InBev, Morrisons, Sainsbury's
A busy weekend for retail as the papers focus on the much-anticipated first-half results for Tesco, with Morrisons and Sainsbury’s also getting a look in, as well as the awaited takeover bid from AB InBev for SABMiller.
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NewsTata sees 9% slump in sales as Brits turn away from black tea
Tata Global Beverages GB suffered a 9% sales slump last year as it battled falling consumption of black tea in the UK
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NewsConviviality signs £4.3m fintech contract as Matthew Clark takeover completes
Conviviality Retail has signed a new contract with financial technology business Universe to provide point-of-sale, payment and encryption services. It comes as Conviviality’s £200m reverse takeover of wine and spirits supplier Matthew Clark cleared its final hurdle yesterday.
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NewsFor Aisha halal babyfood targets growth following rescue
Halal babyfood brand For Aisha is looking to expand across the UK and internationally
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NewsQuorn to stick with US as growth priority
Quorn will remain focused on rapid expansion in the US
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NewsMorrisons staff welcome increased minimum pay
Morrisons staff have broadly welcomed the 20% increase in its minimum hourly pay rate to £8.20
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NewsCity Snapshot: Waitrose weekly sales back on the rise
Waitrose’s weekly sales (excluding petrol) were back up 2.1% in the week to 26 September after slipping for the previous two weeks, plus all the rest of this morning’s news from the City.
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NewsMedia Bites 2 Oct: Mondelez, SABMiller, Cranswick
Mondelez is exploring a sale of its European cheese and grocery business, which could be valued at around $3bn, according Reuters, as it sharpens its focus on snack foods and refreshments.
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NewsKapak Foods rescue deal saves 150 jobs
Food packing specialist Kapak Foods has been rescued from administration with the backing of a private equity firm, saving 150 jobs.
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NewsAdjudicator Tacon shocked by supplier ignorance of GSCOP
Christine Tacon has admitted in a new video for suppliers that she is “shocked” by their lack of knowledge of the Code
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NewsBirds Eye reveals plan to rejuvenate flagging frozen foods
Birds Eye has set out plans to unlock an additional £676m of revenue in frozen food over the next three years
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NewsSamworth Brothers acquires sports nutrition brand SCI-MX
Samworth Brothers has acquired SCI-MX Nutrition, owner of sports nutrition brand SCI-MX
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NewsCity snapshot: Cranswick's first half revenues top expectations
Pork supplier Cranswick’s first half revenues rise 10% up year-on-year, Britvic confirms Brazilian acquisition, bumper share price rises for the UK supermarkets and all the rest of this morning’s news from the City.
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NewsMedia Bites 1 Oct: Sainsbury's, Tesco, Altria
It’s no surprise that the papers have gone big on Sainsbury’s upgraded profits guidance and subsequent near-14% share price spike.
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NewsQuorn snapped up in £550m deal
Quorn is the latest food brand to fall into foreign hands with a £550m sale to a branded consumer goods company based in the Philippines.
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NewsDairy Crest deal closer after Müller modifies undertakings
The regulator says it is happy with modified undertakings from Müller, paving the way for clearance