Finance news – Page 675
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NewsR&R Ice Cream buys Nestlé's South African ice cream arm
R&R ice cream, the third-largest ice-cream manufacturer in the world, has bought Nestlé South Africa’s ice-cream business for an undisclosed price.
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NewsSir Philip Green agrees to sell off BHS
The Arcadia boss is selling BHS to the investment firm after 15 years of ownership
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NewsWaitrose operating profits tumble 23.4%
A significantly higher level of investment and one-off items have bitten a large chunk out of Waitrose’s operating profits
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NewsQuorn to invest £40m in bid to become a £1bn food giant
Quorn Foods is embarking on a £40m investment drive to continue to fuel its rapid growth over the next 12 months on the road to becoming a £1bn business.
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NewsMedia Bites 12 March: Christine Tacon, plain packaging, Google Shop
The papers tackle the plain tobacco packaging furore this morning, alongside news about the strong pound and Google’s high street presence
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NewsCity Snapshot: Morrisons posts £792m loss, shares slip
The scale of the task facing new Morrisons CEO David Potts when he sits at his desk for the first time on Monday was laid bare this morning
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NewsAdelie Foods acquired by HIG Capital
Urban Eat owner Adelie Foods was today snapped up by private equity house HIG Europe for an undisclosed sum.
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NewsInvestment sees Annabel Karmel baby food expansion
A proportion of the £1.5m funding will be used to further develop international markets, with a focus on the Middle East, Hong Kong, China and the US
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NewsCity Snapshot: Aldi tops ranking of Britain's fastest growing retailers
The middle is caught in the squeeze of the discounters and the luxury end of the market as Aldi and Waitrose top a table of Britain’s fastest growing retailers.
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NewsInternet sales of non-food products outgrow bricks and mortar for sixth consecutive month
Online sales last month represented 17.5% of total non-food sales, up from 16.6% in February 2014
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NewsMedia Bites 11 March: Kantar Worlpanel, Ocado, cigarette plain packaging
The latest market share data for the supermarkets gets plenty of attention today, along with Ocado’s partnership with Morrisons and impending plain packaging regulation for cigarettes.
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NewsBurton's Biscuit Company signs US distribution deal
Although it has distributed to the US before, the supplier said the deal represented a big increase in focus on international brand building
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NewsOcado’s shrinking basket size is down to deflation, says Steiner
Ocado CEO Tim Steiner has put the continuing fall in basket size at the online grocer down to food deflation and changes to the way customers order at its pet product and kitchen and dining companies.
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NewsLife is sweet for Lindt with double digit growth
Substantial market share gains were made in all the core markets and in the emerging growth markets
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NewsMenzies Distribution delivers 'robust' performance
Several “positive actions” offset newsprint and magazine declines, maintaining 2013 profit levels into 2014 at £24m – marginally down on last year’s £24.3m
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NewsAldi hits record market share as Tesco posts best growth in 18 months
Aldi share at 5%, Lidl also posts 13.6% sales growth as discounters continue rise
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NewsOcado offers reassurances over 25-year Morrisons deal
CFO Duncan Tatton-Brown believes that the contract was the best deal done under Dalton Philips, and that Morrisons are “pretty happy” with it
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NewsCity snapshot: Ocado sales up 19.2% despite fall in basket size
Online grocer Ocado posted a 19.2% rise in group sales for the first quarter despite a fall in average basket size as the retail price war intensified
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NewsCountry Products boosts sales and workforce with bank funding package
Healthy snack supplier Country Products has recruited a number of new employees and boosted turnover after agreeing an invoice financing deal with Yorkshire Bank.
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NewsCity Snapshot: SABMiller confident of winning solid growth in Africa
SABMiller MD Mark Bowman outlines the brewer’s African growth aspirations