Finance news – Page 665
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NewsBright Food secures 40% remainder of Lion's Weetabix share
The remaining 40% stake has been bought up by Bright Food, with the intention - it is believed - of re-selling it to Hong Kong-based Baring Private Equity Asia
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NewsSABMiller enters UK's growing craft beer sector with Meantime acquisition
SABMiller is entering the craft beer market with the purchase of London-based brewer Meantime.
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NewsMetcalfe's Skinny demerger from Itsu triggers speculation
Metcalfe’s Skinny is to split from parent company Metcalfe’s Food on 1 June, The Grocer can reveal, with the parent company changing its name to Itsu Grocery
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NewsCity snapshot: SABMiller acquires craft brewer Meantime
SABMiller has agreed a deal to buy to London-based modern craft brewer Meantime Brewing Company, Coca-Cola HBC reports strong volume growth and all the rest of the latest news from the City.
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NewsMedia Bites 15 May: The Co-op, Poundworld, M&S
A row “threatening to tear apart the already battered co-operative movement” is set to be defused today with the Co-op Group board reaching a last minute compromise over its new board.
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TPG snaps up majority stake in Poundworld
US investment firm TPG has confirmed today it has bought a majority stake in UK fixed price discounter Poundworld.
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NewsMedia Bites 14 May: The Co-op, SABMiller, supermarket wines
The Co-operative Group has said that votes for election to its members’ council have been miscounted
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NewsCity snapshot: Beer revenues up 9% at Marston's
carBrewing revenues were up 9% for Hobgoblin and Pedigree maker Marston’s in the first half, strong food sales drive Mitchells & Butlers first half revenues and all the rest of the news from the City.
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NewsAles By Mail brewing huge growth
On the back of 88% growth in Q1, the online beer retailer launches first pop up beer shop in London
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NewsCity snapshot: Profits fall at Magners owner C&C Group
C&C Group has reported a 9.2% decline in full-year operating profit to €115m (£82.6m).
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NewsMedia bites 13 May: Tesco, The Co-operative Group, Ahold
Tesco’s decision to close its six remaining Homeplus stores gets plenty of column inches in today’s business pages.
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Birds Eye owner Nomad brings in former Delhaize exec as CEO
New Birds Eye owner Nomad Holdings has appointed former ABInBev and Delhaize exec Stéfan Descheemaeker as CEO as it looks to grow its portfolio of international food investments.
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NewsDelhaize and Ahold confirm merger talks
Belgian supermarket group Delhaize has confirmed this morning it is in merger talks with Dutch contemporary Ahold.
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NewsCity snapshot: Glanbia hit by falling dairy prices
Irish food group Glanbia has seen a 3.6% constant currency revenue fall in the three months to 4 April, Hilton Food Group in line with expectations and the FTSE opens lower.
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NewsMedia bites 12 May: Tesco, Ahold, Tate & Lyle
Tesco’s decision to axe PwC as its auditor after 32 years gets plenty of column inches in today’s papers.
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NewsBargain Booze sales slip, but Conviviality profits rise by 2.3%
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, but a dip in like-for-like sales as it fought against a slower than expected rate of store openings and heavy discounting in the alcohol retail sector.
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NewsMedia bites 11 May: Dunnhumby, Tesco Mobile, Sainsbury's
US consumer research giant Nielsen is poised to plunge into the £2bn auction for Dunnhumby, according to the Sunday Times.
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NewsCity snapshot: Conviviality Retail revenues up despite sector discounting
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, supermarket shares start the week up and all the latest news from the City.
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NewsKettle Foods notches up 31% pre-tax profit increase
Newly filed accounts at Companies House reveal Kettle Foods’ pre-tax profit leapt from £9.2m to £12.1m, with turnover rising from £81.3m to £84m in the year to 31 July 2014
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NewsTwinings boss joins Kingsmill
Jon Jenkins is leaving the tea supplier to lead Kingsmill owner Allied Milling and Baking