Finance news – Page 688
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NewsMarks & Spencer results trigger retailer share price rally
There was a sharp turnaround in market sentiment for the supermarkets this week…
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NewsM&S accelerating Simply Food openings as food sales rise 3.6%
M&S is accelerating its Simply Food store opening programme, adding an extra 50 stores to add to the 150 it outlined as part of a three-year plan to 2016 last year.
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NewsFever-Tree gets away £93m IPO
Premium mixer company Fever-Tree Drinks has priced its flotation on London’s AIM , valuing the company at £154.4m.
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NewsBooming Primark sales mask sugar woes at Associated British Foods
Associated British Foods recorded a 3% decline in reported annual revenues as a 16% boost to Primark’s sales was pegged back by continued weakness in its sugar division.
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NewsUnited Biscuits sold to Turkey’s Yildiz Holding
United Biscuits has been sold to Yildiz Holding, the Turkish owner of Ulker Biskuvi.
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NewsDiageo swaps Bushmills for tequila brand Don Julio
Diageo buys tequila brand Don Julio Diageo has agreed to buy tequila brand Don Julio from Mexico’s Casa Cuervo with Irish whiskey brand Bushmills going the other way as part of the deal. Diageo said the transaction will result in a net payment of $408m going to ...
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NewsAB InBev hit by slowdowns in US, Russia and China
Global brewing group AB InBev posted below expectation growth this morning, with third quarter revenue rising by 2.3% as overall beer volumes fell thanks to a slowdown in US and China.
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NewsCook expanding following double-digit growth last year
Frozen ready meals producer and retailer Cook has embarked on an ambitious new expansion phase after posting double-digit sales growth last year.
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NewsHovis Limited chief executive Bob Spooner resigns
Hovis Limited chief executive Bob Spooner has resigned.
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NewsTesco under investigation by the Serious Fraud Office
The Serious Fraud Office (SFO) is to take over responsibility for the probe into the accounting scandal at Tesco.
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NewsChaucer Foods buys 65% stake in US snack firm Crunchies
UK-based food group Chaucer has agreed to buy a controlling stake in US health snack specialist Crunchies Food Company.
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NewsC&C Group’s profits hit by slowdown in England and the US
Drinks manufacturer C&C Group reported a 2.7% fall in first half operating profit as warned of “intensively competitive trading” in England and Wales and a “disappointing” performance in the US.
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NewsEurope Economics reports palm oil's £333m contribution to GDP
Consultants have quantified the economic impact of palm oil on the UK and EU economy for the first time…
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NewsMore food and drink IPOs likely to be deferred until 2015
As Marfrig delays its decision to float Moy Park until 2015, corporate finance specialists are predicting more owners of f…
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NewsDave Lewis acts to avert Christmas disaster at Tesco
Tesco boss Dave Lewis is introducing emergency measures to try to save Tesco from a Christmas trading disaster…
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NewsCranswick moves into premium poultry with Benson Park buy
Meat producer Cranswick has acquired premium poultry producer Benson Park in an undisclosed deal.
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NewsBritvic blames poor summer weather for Q4 sales drop
Poor summer weather squeezed performance of Britvic soft drinks in European markets in the fourth quarter, the company has reported in a trading update.
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NewsUnilever's third quarter revenues hit by currency headwinds
Unilever has reported third quarter underlying sales growth of 2.1%, but foods remained the group’s worst performing category.
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NewsTesco boss Lewis sets out three-pronged turnaround plan
Embattled Tesco boss Dave Lewis Dave today set out a three-pronged strategy to rescue the crisis-hit giant.
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NewsTesco results: what the analysts say
We round up reaction to Tesco’s interim results and the findings of its accountancy investigation.