Finance news – Page 561
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NewsPrice rises and volume growth boost global third quarter Coke sales
Coca-Cola has reported 3% organic sales growth in the third quarter, though the strength of the US dollar helped pull headline revenues down 7% to $10.6bn.
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NewsDanone raises €6.2bn in bond sale to fund €12.5bn WhiteWave deal
The French group said the issue was widely subscribed by “a diversified investor base”, with the bonds to be listed on Euronext Paris.
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NewsProcter & Gamble cautions on direct-to-consumer prospects
Direct selling is an important opportunity but won’t reach mass scale, CFO Jon Moeller has said
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NewsCity snapshot: Heineken boosts beer volumes in third quarter
Brewing giant Heineken sold more beer than expected in the third quarter but currency volatility is taking a bigger chunk out of profits than previously forecast.
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NewsCosta Coffee's food expansion helps boost UK sales
Costa Coffee owner Whitbread has reported an 8.1% rise in first half revenues, partly driven by double-digit UK growth for Costa as it builds its food and artisan coffee credentials.
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NewsPremier Foods shares fall as broker warns of rising costs
Premier Foods shares hit their lowest point since early July today after the Mr Kipling supplier was downgraded by broker Jefferies.
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NewsPhysical store openings slump as shopping habits change
A total of 2,656 shops closed on Britain’s high streets over the first six months of 2016
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NewsTesco chairman warns Brexit will push up supermarket prices
Supermarket prices are “very likely” to rise in the coming months because of the impact of Brexit says John Allan
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NewsCity snapshot: UK high street sees largest shop decline since 2012
A rate of 15 stores a day closed on Great Britain’s high streets in the first six months of the year, according to PwC/the Local Data Company. Plus all the rest of the latest news from the City
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NewsMedia Bites 25 Oct: British American Tobacco, UK exports, Stock Spirits
Ratings agencies are eyeing British American Tobacco for a possible credit rating downgrade after the world’s second largest cigarette maker approached US peer Reynolds with a $47bn takeover offer.
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NewsFirst Milk sells CNP Professional sports nutrition brand to The Protein Partners
First Milk has sold its Manchester-based CNP Professional business to The Protein Partners following a strategic review
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NewsCru Kafe brews up expansion plan with £1.3m investment
Coffee pod start-up Cru Kafe has raised £1.3m to grow overseas, build the management team and help launch a compostable capsule.
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NewsLankfer Produce assets sold after collapse
A grower of broccoli and cauliflower which supplied the likes of Fenmarc and Bidvest has been sold out of administration
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NewsCity snapshot: McBride "encouraged" by first quarter progress
Household goods manufacturer McBride has updated the market ahead of its AGM today on an “encouraging” start to its financial year. Plus board changes at Stock Spirits
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NewsMedia Bites 24 Oct: UK GDP, British American Tobacco, Lidl
Britain’s economy has so far shrugged off the impact of the Brexit vote, official figures are expected to reveal this week.
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NewsTesco regains share as Aldi and Lidl growth slows
Tesco is beginning to claw back ground from the discounters as its recovery coincides with some of the worst growth figures of the price war era for Aldi and Lidl
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NewsMinisters prepare wholesale change to Tacon's remit
The government is to consider extending the role of Groceries Code Adjudicator Christine Tacon
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NewsFlagship Europe picks up foodservice supplier Calder Foods
Established more than 20 years ago, Calder makes chilled food-to-go products for foodservice
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NewsNestlé warns over price rises as global growth stalls
Nestlé’s chief exec Paul Bulcke has warned UK price rises could be on the way after what analysts dubbed a ““disappointing” third quarter update.
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NewsMüller makes cost savings a major focus as losses reach £106m
Revenues fell 4.2% to £1.34bn in the year to 31 December 2015