Finance news – Page 545
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NewsNim’s to launch kids snacks after record raise on Backit
The Kent-based supplier surpassed its £20k campaign target by raising £22,761 of pledges from 71 backers
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NewsCity snapshot: Finsbury Food Group warns it must recover rising costs
Finsbury Food Group has said “further cost recovery” will be required in the second half after flat first half sales
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NewsMedia Bites 19 Jan: Premier Foods, Mondelez, BHS
US hedge fund Paulson & Co, until recently Premier Foods’ second-biggest investor, has launched a blistering attack on the company after it blamed commodity prices and a weak pound for a profit warning that sent its shares tumbling.
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NewsEuro Garages reportedly lining up Little Chef bid
The forecourt operator is understood to be in “advanced talks” to buy the brand and its 70 restaurants from Kout Food Group
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NewsFirst spinach, now courgettes, tomatoes and peppers hit by short supply
Supermarkets are struggling to source some fresh produce items due to poor weather across Europe
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NewsPremier Foods warns profits to be hit by weak trading and rising costs
Premier Foods has issued a profits warning this morning, despite a strong December, as sales remained weak in the third quarter and costs spiralled following the slump in sterling.
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NewsMedia Bites 18 January: Greggs, British American Tobacco/Reynolds, Pep&Co
The papers all take a good look at Theresa May’s speech on Brexit, examining it consequences and reaction from various quarters, but in the grocer sector Greggs Christmas trading and BAT’s takeover of Reynolds come under the spotlight.
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NewsHotel Chocolat ends 2016 with strong festive sales
Hotel Chocolat jumped by 16.2% in the 13 weeks to 25 December as more customers spent more money in-store and online.
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NewsBear shakes up management team as Giles Brook moves on
Kids snack brand Bear has shaken up its leadership team, with a new managing director appointed and Giles Brook leaving the business to focus on his role as European CEO at Vita Coco.
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NewsFood price rises help Inflation jump to 1.6% in December
UK Inflation, as measured by the Consumer Prices Index, has risen by 1.6% in the year to December 2016, rising from 1.2% in the year to November.
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NewsBritain to leave single market, says Prime Minister Theresa May
Prime Minister Theresa May has ruled out remaining in the single market as Britain negotiates an exit from the EU
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NewsMedia Bites 17 January: Brexit, Pep&Co, courgette shortage
Prime Minister Theresa May grabs all the headlines ahead of here big Brexit speech later today.
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NewsCity snapshot: Sweet Christmas for Hotel Chocolat as shoppers spend more on gifts
Hotel Chocolat sales leapt 16.2% in the 13 weeks to 25 December as customers spent more money on higher priced gifts for Christmas
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NewsFyffes shareholders approve Sumitomo buyout
Fyffes shareholders have overwhelmingly approved the €751m takeover bid from Japanese food group Sumitomo Corporation.
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NewsApril 'will serve rates hammer blow to small shops'
The average small shop will see rates bills increase by £3,663 over five years, CVS research indicates
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NewsMash Direct profits boost as awareness outside of Northern Ireland grows
Northern Irish convenience food manufacturer Mash Direct has increased profits five-fold thanks to a rise in sales driven by growing consumer awareness of the brand outside its domestic market.
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NewsHilton Food Group to deliver results 'ahead of expectations'
Meat packer benefits from positive foreign currency conditions and sales growth in number of markets
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NewsCity snapshot: High street sees first Christmas footfall rise in five years
Continuing the surprisingly strong festive retail results of last week, the BRC – Springboard footfall numbers for December have found the first festive rise in high street footfall for five years. Plus a look at the week ahead and all the latest news from the City.
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NewsMedia Bites 16 Jan: Bakkavor, Supermarket results, Inflation
Bakkavor, a top supplier of Marks & Spencer ready meals is leading a pack of British companies heading for a London stock market float, according to The Times (£)
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NewsFreddo bar set for 20% price increase as cocoa prices rise
Move is a “last resort” to manage costs, insists Mondelez