Finance news – Page 689
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NewsTesco confirms profit hole of £263m
The black hole in Tesco’s finances was even worse than expected and “similar practices” have been going on in previous reporting periods, the Deloitte investigation into the retailer has found.
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NewsBAT cigarette volumes decline in 'challenging' market
British American Tobacco has reported a small fall in cigarette volumes in the first nine months of the year as its headline revenues were hit by currency movements.
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NewsLabour loses fight to give SMEs protection against late payments
The government has voted down a Labour move to prevent “late payment misery” for small businesses.
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NewsFinsbury plans moves into new markets after Fletchers buyout
Finsbury Food Group is drawing up plans to tap new markets and licensing opportunities following its acquisition of Fletch…
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NewsOcado-listed health drinks specialist goes into liquidation
A health tea specialist with listings at Ocado and Holland & Barrett is going through liquidation proceedings…
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NewsFour new Booker Makro dual format C&C depots on the way
Booker is rolling out its new Booker/Makro combined format to four new depots over the next few months…
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NewsWarren Buffett’s Berkshire Hathaway slashes Tesco stake
Warren Buffett’s Berkshire Hathaway has slashed its interest in Tesco, reducing its stakeholding below 3%.
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NewsVolatile week for Thorntons shares due to first-quarter figures
Chocolatier Thorntons saw its share price dip alarmingly on Monday…
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NewsFyffes-Chiquita merger threatened by increased Brazilian bid
The battle for US fruit distributor Chiquita has taken another twist after the Brazilian consortium fighting against the company’s proposed merger with Irish contemporary Fyffes upped its bid.
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NewsWH Smith enjoys full-year profit boost despite falling sales
WH Smith shares jumped by 3.5% in early trading after the newsagent group posted an 8% increase in full-year pre-tax profit.
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NewsHome Bargains owner TJ Morris boosts revenues by 21%
TJ Morris, which trades as Home Bargains with more than 320 stores, is on track to achieve its stated aim of at least 700 stores within five years.
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NewsDanone's sales boosted by recovery in baby foods
Danone’s sales rose 6.9% on a like-for-like basis in the third quarter, driven by strong sales growth in baby food.
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NewsSABMiller’s volumes dip on Australia and China weakness
Global brewer SABMiller announced a 1% dip in second-quarter beverage volumes after a marked slowdown of beer sales in Asia Pacific.
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NewsReady meals specialist Bigham's doubles its retail sales
Upmarket ready meals specialist Charlie Bigham’s almost doubled its sales last year as it scaled up investment…
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NewsMore Brits drinking at home as pub sales carry on falling
Brits are boozing more at home as drink sales in pubs continue to fall, according to exclusive research for The Grocer…
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NewsNestlé boss calls for 'more effective' UK exports support
Nestlé UK boss Fiona Kendrick has called on the government to work more efficiently to support UK food companies…
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NewsAsda’s operating profit rockets by 18.3% in 2013
Asda saw a significant profit hike last year despite losing market share, new accounts in Companies House reveal.
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NewsInnocent sees profits dip despite growing European sales
Profits dipped at Innocent Drinks last year as the smoothie and juice supplier experienced a slowdown in UK growth…
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NewsTesco shows signs of recovery as new hires impress investors
Has Tesco finally hit rock bottom? Although there will be plenty of bumps in the road still to come…
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NewsWeetabix revenues up despite 'toughest conditions in decade'
Weetabix shrugged off the toughest market conditions for a decade to grow revenues and profits…