Finance news – Page 639
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NewsSainsbury's results: what the analysts say
Industry commentary after Sainsbury’s positive results this morning
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NewsSainsbury’s shares soar on profit upgrade
Sainsbury’s shares have risen by more than 13% in early trading this morning after upgrading its full-year profit forecast.
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NewsMoy Park confirms completion of sale to JBS
Norther Irish poultry specialist Moy Park has confirmed it has completed its $1.5bn (£988m) sale to Brazlian meat giant JBS.
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NewsCity snapshot: Sainsbury’s ups profits forecasts
Sainsbury’s has this morning raised its expectations for pre-tax profits for the year as volumes and transactions grew in the second quarter. The trading statement gave the beleaguered sector a shot in the arm with share prices for all the listed grocers soaring this morning.
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NewsMedia Bites 30 September: Morrisons, Amazon, GfK, CBI
After a quiet day for the grocery sector, the media’s focus is elsewhere but Morrisons’ plans to follow Lidl and Sainsbury’s suit to lift worker pay above living wage gets a look in.
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NewsTate & Lyle fined £18m over 2010 EU sugar sale
Tate & Lyle has been fined £18m by London’s Commercial Court over its 2010 sale of its EU sugars business to American Sugar Refining.
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NewsItsu benefits from UK low-fat food revolution
Itsu has “aggressive” plans for expansion after increasing revenues more than 20% to £67.9m thanks to consumer demand for healthy food on the go.
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NewsCarlsberg Northampton workers vote in favour of industrial action
Industrial action could impact Carlsberg deliveries
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NewsCity snapshot: Crawshaw delivers first half sales and profit growth
Butchery chain Crawshaw Group has reported a 42% first half revenue jump driven by new store openings
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NewsMedia Bites 29 Sep: Aldi, Whole Foods, business rates
Aldi’s annual results and the announcement it will launch a new UK online offering dominate the grocery headlines this morning.
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NewsPotts has time to turnaround Morrisons but must improve offer, says retail analyst
Morrisons still has the weakest retail offer of its competitors and will need more time and money to win back shoppers, Bernstein has said.
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NewsKellogg continues emerging markets push with Egyptian acquisition
Kellogg’s has expanded its emerging markets footprint with the acquisition of Egypt’s largest cereal company.
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NewsBrowns Food Group to increase exports with bank support
Scottish food group Browns has agreed a £20m funding package to support ongoing growth and investment as it increases sales 4.4% to £151.7m.
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NewsPiper invests £6m in natural pet food brand Forthglade
Natural pet food manufacturer Forthglade has secured £6m backing from private equity house Piper as the brand aims to become a household name.
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NewsAldi to launch online offer as annual profits slide
Profits at Aldi have fallen as the discounter invested heavily in price and stores to stay ahead of its bigger rivals and grow sales to £6.89bn
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NewsAccolade Wines promotes Paul Schaafsma to CEO
Schaafsma, currently general manager for UK & Ireland, takes up the role on 1 October and is succeeding John Ratcliffe
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NewsCity snapshot: Aldi reveals online plan after another record year
Aldi has revealed plans to launch an e-commerce operation in 2016 after another year of record sales.
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NewsMedia Bites 28 September: Megabrew, Tesco, Sainsbury’s, Morrisons
There was much speculation in the papers this weekend that an official £70bn bid could be tabled this week by AB InBev for SABMiller. Plus, Tesco could pull the plug on the sale of Dunnhumby and Sainsbury’s gets set to report a further slide in sales for Q2.
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NewsWine and beer producer Chapel Down Group grows profits 31%
Kent wine and beer producer Chapel Down Group grew sales by a third in the first half of 2015
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NewsQuorn profit rockets as first bids for business are expected
Quorn has seen pre-tax profit surge almost 50% to £26m as appetite for the meat substitute continues to grow