Finance news – Page 498
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NewsBritish American Tobacco restructures following Reynolds buyout
The changes include an amalgamation of its vaping and heating tobacco products into the core business
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NewsMedia Bites 31 August: Co-op/Nisa, Unilever/Kraft Heinz, M&S, Pizza Express, Poundland
The papers cover the latest M&A development in the convenience store sector as the Co-op enters exclusivity to buy Nisa.
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NewsCity snapshot: McColl's boosts sales 31% in "significant" quarter
Revenues have jumped 31% at McColl’s Retail Group in the third quarter as the convenience retailer integrated almost 300 Co-op stores into the business. Plus, Premier Foods completes signing of Cadbury cake agreement with Mondelez; Pernod Ricard reports full-year results; and Total Produces reveals half-year figures.
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NewsScottish Salmon Co reports record half-year results
Revenues up 25% year on year on the back of higher prices, strong demand and lower volumes
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NewsAmazon adds range of Whole Foods Market lines to UK site
Nearly 450 products have appeared on AmazonFresh shortly after Whole Foods lines went live on US sites
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NewsUK fruit and veg shields shoppers from rising prices in supermarkets
Home-grown fruit and vegetables have helped ‘keep a lid on’ rising prices in the supermarkets in August
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NewsThe Co-op enters exclusive talks to buy Nisa
Sainsbury’s put its interest in Nisa on hold earlier this month
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NewsMedia Bites 30 August: Amazon/Whole Foods, BrewDog, inflation, M&S
The papers examine how the takeover of Whole Foods by Amazon has shaken up investor confidence in the food retail market. Plus, BrewDog unveils plans to give away 20% of profits; and shop prices rise again.
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NewsCity snapshot: 'Strong' travel performance keeps WH Smith on track
WH Smith has said this morning that its annual results will be in line with expectations, with the travel division of branches in airports and train stations continuing to put in a “strong performance”. Plus, food price inflation accelerates in August as ambient prices rise at fastest price for almost four years; and M&S opens talks with franchise partner Al-Futtaim for potential purchase and franchising of the owned retail business in Hong Kong and Macau.
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NewsBRC warns of major post-Brexit fresh produce shortages
Bare shelves and soaring prices witnessed during the lettuce and courgette shortages ‘could be repeated on a grand scale’
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NewsOcado teams up with Amazon for Alexa voice ordering app
The app recognises the 15,000 most commonly searched terms on Ocado’s site
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NewsSainsbury's adds Argos click & collect points to c-stores
Over 100 Sainsbury’s Local convenience stores will have collection points by the end of the year
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NewsUK exports of beef, lamb and pork pass £500m mark
Year on year meat exports rose by 18% to £582m, during teh first half of 2017, according to HMRC data
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NewsCity snapshot: Real Good Food cuts profits forecast again
Under pressure UK-listed food group Real Good Food has cut its profit expectations again weeks after slashing guidance after an internal audit. Plus palm oil producer MP Evans makes acquisition, a look ahead at the markets this week and all the latest from the City.
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NewsMedia Bites 29 Aug: P&H, Amazon/Whole Foods, Hotel Chocolat
Two global cigarette giants are preparing a rescue plan for the tobacco wholesaler Palmer and Harvey, writes The Sunday Times.
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NewsSales up 15% for Arla UK branded portfolio
Year-on-year group revenues for the global Arla Foods grew 3.4% to €5bn (£4.6bn), according to the half-year results
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NewsWeak pound pushes down Duerr's profits
Profits have slid almost 20% at conserve maker Duerr’s as the weak pound and low sector growth hit the business
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News$11bn wiped from supermarket and food & drink shares as Amazon fires gun on price war
More than $11bn (£8.6bn) has been wiped off the value of the world’s largest supermarkets and food and drink manufacturers
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NewsMolson Coors outperforms UK beer market
Carling brewer Molson Coors has outperformed the UK beer market after growing domestic sales 3.1% to £1.35bn last year
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NewsYorkshire dragons fuel Masons growth plans
Masons Yorkshire Gin has agreed a £300,000 investment from two well-known Yorkshire food and drink entrepreneurs