Finance news – Page 673
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NewsCity Snapshot: Hilton Food Group sales slip during year of investment
Hilton Food Group has reported falling sales despite rising volumes as the meat packing company is hit by unfavourable exchange rates
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NewsMedia Bites 25 March: 3G Capital, Kraft, Morrisons
3G Capital is reported to be in advanced talks with Kraft over a potential mega deal
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NewsMedia Bites 24 March: Morrisons, Tesco, Halfords
Morrisons has been accused by a leading City analyst of issuing a “stealth profit warning”
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NewsCity snapshot: Profits fizz at Irn-Bru maker AG Barr
Irn-Bru maker AG Barr has enjoyed a 10% jump in full year pre-tax profits as sales grew across all its core brands.
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NewsFletchers acquisition boosts Finsbury Food Group revenues
Cake and bakery supplier Finsbury Food Group has reported a 24.1% jump in first half revenues after being boosted by its acquisition of Fletcher’s Bakery Group.
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NewsFever-Tree's sales and earnings grow by almost 50%
Sales and earnings at premium drinks mixer supplier Fever-Tree were both up by almost 50% in its first year as a listed company.
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NewsMüller acquisition of Dairy Crest moves one step closer
European Commission refers the proposed £80m transaction back to the UK’s Competition and Markets Authority
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NewsCity Snapshot: Soaring sales at Fever-Tree
Sales and earnings soar at premium mixer brand Fever-Tree. Plus positive first-half figures send Finsbury Food Group shares upwards, and Dairy Crest’s sale of its dairies to Müller is back in the hands of the CMA.
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NewsMedia Bites 23 March: Asda, Aldi, Greggs
Asda is set to trial a smaller format as it expands in the South; Aldi will expand at twice the rate of rivals in 2015; and Greggs is winning the battle for hearts and minds as a coffee shop.
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NewsDavid Potts makes £1m show of faith in Morrisons
New Morrisons CEO David Potts has made a public show of faith in the embattled supermarket by buying more than £1m of its shares during his first week in the top job.
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NewsTesco takes back 21 superstores in British Land property swap
Tesco has taken back full ownership of 21 superstores from property giant British Land in an effort to head off future rental increases.
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NewsMedia Bites 20 March: Aldi, Amazon, business rates
Aldi is planning to launch an online store in Britain, which would be its first foray into ecommerce in Europe
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NewsCity snapshot: Tesco regains superstores from British Land
Tesco has entered into a £733m property swap with British Land, Waitrose sales boosted by Mother’s Day and all the latest news from the City.
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NewsHaywood & Padgett eats up snack brand Nibnibs
Bakery Haywood & Padgett has acquired the snack brand Nibnibs in a deal which will allow the smaller company to expand its production capabilities.
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NewsFerrari’s Coffee saved from administration in pre-pack deal
Ferrari’s Coffee, one of oldest coffee roasting companies in Wales, has been handed a reprieve after being sold out of administration.
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NewsMedia bites 19 March: the budget, AB InBev, tobacco lawsuits
As might be expected with the general election around the corner, the papers are split strictly down party lines on George Osborne’s sixth budget yesterday. There’s a euphoric reaction from the more Conservative leaning press, with the Daily Telegraph proclaiming the “End of tax on savings”, The ...
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NewsCity Snapshot: Next results suggest economic environment is easing on the high street
Retail sector bellwether Next defied its own autumn warning over trading conditions to post a 12.5% rise in profits this morning, New Britain Palm Oil seeks a new CEO and all the latest news from the City.
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NewsCo-op investor in Glanbia plans to reduce its stake
Glanbia Co-operative Society, the largest investor in Irish food group Glanbia, is to dilute its stake by transferring shares to its members and selling a portion in the secondary market.
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NewsGeneral Mills' sales and profits fall as it looks to cut jobs
Sales and earnings at General Mills, which owns brands such as Old El Paso, Lucky Charms cereal and Green Giant, have fallen in its third quarter as a result of the strong dollar and restructuring costs.
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News2015 Budget: fmcg industry reactions
Reactions to today’s budget from the wider industry will be updated here as we get them in