Finance news – Page 546
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NewsFortnum & Mason sales soar 16% over Christmas
The luxury brand reported a 22% year-on-year increase in online sales in the five weeks to 1 January
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NewsMedia Bites 13 December: Tesco, M&S, Primark, John Lewis, Waitrose
‘Super Thursday’ provides the papers plenty to chew over, with most of the Christmas trading updates finding space on the page.
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NewsCity snapshot: Kerry pastry deal boosts Addo Food Group
Sales and profitability have soared at Addo Food Group after it turned around the performance of the chilled savoury pastry business acquired from Kerry Foods in August 2014.
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NewsCook reports record rise in Christmas sales
Cook reports strong growth in its 87 shops of just under 6%, so “still believes in the high street”
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NewsFood Retailer Group plans to close 12 Budgens stores
Staff will face “difficult and troubling time”, says Usdaw
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NewsBernard Matthews takeover wins competition authority approval
CMA has cleared the deal for Boparan Private Holdings to acquire the turkey giant and ended its investigation
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NewsSuppliers in distress as mults enjoy recovery, says report
The recovery of the supermarkets has piled increasing pressure on the supply chain
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NewsMeadow Foods sales plunge by 40% in run up to PE backing
Dairy processor Meadow Foods saw its sales drop by almost 40% last year as the plunging price of milk hit revenues
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NewsAddo Food Group profits soar as it turns around Kerry pastries
Sales and profitability have soared at Addo Food Group after it turned around the Kerry chilled savoury pastry business
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NewsBooths tops £10m sales mark after record-breaking Christmas
Booths reported strong growth in its online channel, with sales from home delivery and click & collect channels up by 6.9%
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NewsBernard Matthews pension scheme faces investigation
The trustees are working with the Pension Protection Fund to investigate a potential £40m funding shortfall
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NewsMarks & Spencer Christmas results: what the analysts say
M&S reported better-than-expected results over Christmas, with group sales up 5.9% in the 13 weeks to 31 December. But what did the analysts and retail watchers maker of it?
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NewsCity Snapshot: 'Super Thursday' brings solid festive updates from Tesco, M&S, Waitrose and more
Tesco has reported UK like-for-like growth of 1.4% in the 19 weeks to 7 January November as market share gains and volume growth boosted sales
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NewsMedia Bites 12 Jan: Sainsbury's/Argos, Lidl, Currencies
The papers this morning focus on the positive contribution of Argos to Sainsbury’s Christmas performance.
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NewsPoundstretcher sales and profits decline as estate shrinks
The business, owned by the Tayub brothers’ Crown Crest Group, closed 30 shops in the year to 31 March 2016 as part of its expansion strategy to more modern, larger sites.
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NewsLidl UK reports 10% sales boost over Christmas period
Lidl said its Christmas, ad which featured one of its turkey farms, helped boost sales of the bird by 40%
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NewsSpar UK reports strong sales but warns convenience is slowing
Spar said it aimed to draw in more customers by building on the success of fresh food sales
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NewsBest-one symbol group sales up almost 20%
New Bestway DC sees sales soar “as members get behind our fresh and chilled offer”…
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NewsMedia Bites 11 January: Morrisons, Premier Foods, Kantar, Majestic Wine, Spar
A Christmas cracker of a performance from Morrisons dominates the papers this morning, with room to report on price hikes at Premier Food, the return of inflation, a record Christmas at Majestic Wine and an upturn in sales at Spar.
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NewsCity snapshot: 'Good' Christmas for Sainsbury's as sales creep higher
Sainsbury’s hailed a “good” Christmas performance as sales in the 15 weeks to 7 January rose 0.8%, with like-for-like sales nudging up 0.1%