Finance news – Page 672
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NewsMarston’s acquires Wainwright and Lancaster Bomber beer brands
Brewer Marston’s has signed a deal with Daniel Thwaites to acquire its beer division, including Wainwright and Lancaster Bomber ales.
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NewsReckitt Benckiser CEO Rakesh Kapoor’s pay up 64% to £11.2m
The total pay packet of Reckitt Benckiser CEO Rakesh Kapoor rose by almost two-thirds last year to £11.2m less than a year after investors chastised RB’s pay policies at its 2014 AGM.
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NewsCity Snapshot: Heineken streamlines executive team in growth bid
Dutch brewer Heineken has announced significant changes to operating structure and its executive team in a bid to reenergise flagging sales. Plus the latest consumer confidence index from GfK and share price movements from the City.
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NewsMedia Bites 31 March: Tesco, M&A, B&Q, Heineken
The Grocer’s exclusive interview with Tesco boss Dave Lewis makes this morning’s papers, alongside news of B&Q store closures, changes to Heineken’s executive team and a strong start for M&A activity.
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NewsTreatt stock jumps on positive first half update
Shares in listed ingredients group Treatt jumped 3% today to 144.7p as it reported “solid” revenue growth in its first-half compared with a year ago, with profits also up.
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NewsFlavourly smashes £300k crowdfund barrier
Flavourly has smashed its £300,000 fundraising target 18 days ahead of the investment deadline on crowdfunding platform Crowdcube.
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NewsCity Snapshot: M&S to slow decline in general merchandise
Results will ease the pressure on CEO Marc Bolland but will still represent the 15th straight quarter of decline for the division
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NewsMedia Bites 30 March: M&S, Kraft Heinz, BHS
M&S expected to post its 15th straight quarter fall in clothing sales; Kraft Heinz Co to lead the pack in auction of Mondelez cheese business, and former Apprentice Contestant wins Tesco deal.
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NewsKraft Heinz Co targets Philadelphia brand and European growth
The soft cheese spread, which is one of eight $1bn-plus brands in Kraft Heinz, is currently owned worldwide by Mondelez
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NewsDanish co-operative slaughterhouses to merge
Tican and Danish Crown to unite after overwhelming majority say yes in vote
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NewsFinsbury Food Group eyes further M&A to build £500m business
Finsbury Food Group is eyeing further acquisitions to help grow the bakery and cake supplier into a £500m business.
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NewsDrambuie sales suffer as revenues fall in US and Europe
If currency fluctuations were stripped out, it would have meant a 4% rise on the previous year, according to newly filed accounts
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NewsMedia bites 27 March: ONS, Kraft, Warren Buffett
Yesterday’s Office of National Statistics figures on UK retail sales are making plenty headlines this morning.
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NewsCity snapshot: Easter preparation stabilises Waitrose sales
Sales at Waitrose were up 1.9% in the week to 21 March as the supermarket settles into a period of modestly rising sales but declining like-for-likes.
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NewsKerryfresh plans online and 100 new lines in wake of MBO
Kerryfresh is planning to launch online later this year, as well as introduce new products and add new customers
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NewsFood prices plummet and spending increases as deflation bites
ONS data sheds light on the unique set of circumstances currently unfolding in the retail industry
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NewsMedia Bites 26 March: Heinz Kraft, Warren Buffett, Fonterra
It’s little surprise that coverage of the sector is dominated by the $40bn Heinz Kraft merger this morning.
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NewsCity snapshot: Unanswered questions over Heinz Kraft's international plans
The global mega-meger of Heinz and US-listed Kraft is the first super-scale merger of this cycle and could now kick off a race of grocery/fmcg consolidation
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NewsHeinz and Kraft Foods announce global mega-merger
Heinz and Kraft Foods will merge to create the world’s fifth largest food and drink company after Heinz owner 3G Capital agreed to acquire Kraft.
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NewsHilton revenues fall as prices and currency movements bite
Revenues reduced by 2.3% from £1.12bn to £1.1bn, reflecting a 4.6% unfavourable movement in exchange translation