Finance news – Page 679
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NewsMedia Bites 20 February: Asda, Majestic Wine, Co-op
Asda’s fourth quarter numbers are given a heavy amount of column inches
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NewsCity snapshot: Waitrose records weekly sales fall
Waitrose’s reveals weekly sales fall, plus Asda’s fourth quarter sales decline and all the latest from the City.
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NewsNestlé predicts 2015 revenue improvement despite headwinds
Nestlé has insisted it will hit its long-term target of 5% organic growth despite falling short of that figure last year amid an slowdown in emerging markets and the strengthening Swiss franc.
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Asda sales shrink as it looks to open 17 new stores
Asda has revealed a 2.6% fall in like-for-like sales over the last three months of the 2014.
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NewsBestway profits surge on back of impressive growth
The cash & carry giant, which acquired The Co-operative Pharmacy in October, said profits rose 44.7% to £267.1m
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NewsSABMiller CFO Jamie Wilson steps down
Global brewer SABMiller has announced that CFO Jamie Wilson handed in his resignation for “personal reasons”.
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NewsSurprise departure for Majestic Wine CEO Steve Lewis
The hunt is on for a new CEO at Majestic Wine following the immediate departure of current boss Steve Lewis this morning.
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NewsCity Snapshot: Nestlé grows profits despite sales slowdown
Nestlé increases dividend as profits rise but sales slip; Majestic Wine is looking for a new CEO; and a formal £5.4bn offer is made for can maker Rexam.
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NewsMedia Bites 19 February: Tesco, new Horsegate, Nestlé, Rexam
The papers take a look at the reaction to the appointment of new Tesco chairman John Allan and ask if traces of nuts found in spices could be bigger than Horsegate.
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NewsCarslberg beer volumes fall 3% on Eastern Europe weakness
Carlsberg’s UK business grew about 1% last year on the back of a growing off-trade business, the Danish brewer has reported.
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NewsCoke bottler Coca-Cola HBC share price falls as profits lack fizz
Coke’s European bottler is one of the day’s biggest fallers on the FTSE 100 after posting a sharp fall in fourth quarter profits as a result of currency headwinds and challenging conditions in Russia and Greece
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City Snapshot: Tesco appoints John Allan as new chairman
Tesco has ended its search for Sir Richard Broadbent’s successor with the appointment of John Allan. Plus full-year results for Coke bottler Coca-Cola HBC and a new CEO for Carlsberg. And all the latest share price movements.
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NewsMedia Bites 18 February: Tesco, Allan Leighton, Carlsberg, Nestle
The appointment of John Allan as Tesco chairman, pipping former Asda head Archie Norman to the post, dominates this morning’s headlines.
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NewsInflation tumbles to record lows as the big four grocers slug it out over price
The escalation in the supermarket price war and the falling cost of oil has helped inflation hit record lows in January.
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NewsCadbury owner Mondelez acquires allergen-free snack maker Enjoy Life Foods
Mondelez International is looking to tap into the fast-growing ‘free from’ sector to inject some life into declining sales with the acquisition of a private US snacking company.
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NewsMedia Bites 17 February: Tesco, Ferrero, tobacco packaging
The weekend story that ITV chairman Archie Norman is in the frame to become the new Tesco chairman is heavily followed up in this morning’s papers
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NewsCity snapshot: Late entrant Archie Norman now looks favourite for Tesco chairmanship
The process of finding a new Tesco chairman looks far less like the coronation it seemed two weeks ago, with observers now picking late entrant Archie Norman as favourite for the post.
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NewsConsumer products sector dealmaking set to continue the 2014 surge
Strategic portfolio optimisation will continue to be one of the most important deal drivers in the coming year in the consumer products sector, according to Big Four financial services firm EY.
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NewsMedia Bites 16 February: Tesco, SABMiller, CBI
What the papers are saying about the industry this morning
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NewsCity Snapshot: 3G linked with potential $75bn takeover of SABMiller
SABMiller share price climbs as rumours emerge of a potential $75bn bid by 3G Capital. Plus a new candidate to become Tesco chairman enters the race and Ashbury Chocolates jobs saved in administration rescue deal.