Finance news – Page 651
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NewsCity Snapshot: United Spirits acquisition pushes Diageo’s annual revenues up 5%
Diageo’s reported net revenues were up 5% in the year to 30 June largely thanks to the full consolidation of United Spirits last year, plus a new CFO for Britvic, recovery for the FTSE and all the latest news from the City.
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NewsTate & Lyle reassures market with “solid” start
Investors flocked to Tate & Lyle to send its shares up 6.7% after the ingredients group reassured the market with a steady first quarter trading update.
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NewsIndian regulations to curb profit growth of European brewers
High barriers to entry into the lucrative Indian alcoholic beverage market are a boon to drinks giants Heineken, SABMiller, Diageo and Pernod Ricard, according to a new report from Moody’s.
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PPS packages up acquisition of Alison Handling Services with BGF backing
Returnable transit packaging company PPS has acquired a rival business with £4.9m backing from the Business Growth Fund.
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NewsGreggs shares punch past £12 on more strong growth
A seventh quarter of unbroken growth at Greggs saw shares in the high street chain leap by more than 60p to break past £12 each as sales in the first half touched close to £400m.
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NewsSainsbury's sells pharmacy business for £125m
Sainsbury’s has agreed to sell its pharmacy business to Celesio AG, the owner of Lloyds Pharmacy for £125m.
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NewsCity snapshot: Greggs rises as consumer appetite for breakfast deals grow
Demand for its breakfast deals and new range of lower calorie sandwiches have helped high street chain Greggs post another strong set of results.
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NewsMedia Bites 29 July: P&G, Kantar, Diageo
P&G appoints a company veteran to step into CEO AG Lafley’s shoes; Kantar Worldpanel’s latest market share figures get a wide airing; The Guardian is the latest national to report on The Grocer’s scoop that Tesco is culling lunchbox-sized sugary drinks from its shelves; and there is also room for a look ahead to Diageo’s annual results tomorrow.
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NewsDiageo to end Heineken partnership and go it alone in South Africa
Diageo is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia.
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NewsNaked Wines to get UK-wide Click & Collect following Majestic acquisition
Majestic has been testing the service in 22 stores across the UK for Naked Wines’ customers
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NewsSainsbury's is second largest grocery retailer again as Co-op achieves growth
Overall sales and shopper numbers also up, with prices now down 1.6%
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NewsGreencore sales climb as food-to-go continues to shine
New product lines at Greencore’s £35m Northampton factory have contributed toward the growth of the sandwich maker’s food-to-go business in the UK during its third quarter.
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NewsCapvest takes control of Valeo Foods
Irish agri-business Origin Enterprises has sold its 32% stake in Jacob’s owner Valeo Foods Group
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NewsMedia Bites 28 July: Card payments, Reckitt Benckiser, Tesco
Shoppers could enjoy lower prices next year as the government announced plans to cap credit and debit card fees charges by banks to businesses.
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NewsCity snapshot: Convenience sales drive Greencore's third quarter revenues up 6.2%
Greencore has reported a 6.2% increase in third quarter revenues after strong US growth and increased convenience sales, profits grow at McColl’s despite like-for-like sales fall and all the rest of the news from the City.
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NewsWaitrose to carry on Channel Islands push
Supermarket reaches distribution agreement with local retailer in Alderney
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NewsReckitt Benckiser raises earnings forecast after solid first half
Consumer products group Reckitt Benckiser (RB) saw first half revenues edge up 1% to £4.36bn despite currency headwinds.
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NewsCranswick revenues climb thanks to “strong” volume growth
Meat supplier Cranswick has registered a robust start to its new financial year, with sales in the first quarter up 8% as volumes jump 7%.
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NewsUK consumer confidence surges
According to the Nielsen Consumer Confidence Index shoppers in the UK are the second most confident in Europe behind Denmark
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NewsCity snapshot: Fever-Tree reports soaring sales
Fever-Tree has reported soaring sales of £24.1m - up 62% - in its first half, with adjusted EBITDA rising 68%