Finance news – Page 578
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NewsBestway Wholesale board shakeup as Race succeeds Sheikh as MD
Co-founder and MD Younus Sheikh has moved to a non-executive role
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NewsMedia Bites 2 August: Morrisons, Heineken
Morrisons latest price crunch is put under the media spotlight this morning, with Heineken’s first-half results also getting a look in.
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NewsGreggs healthy sandwiches lift sales 6% in first half
Like-for-like sales were also up 3.8% in the 26 weeks to 2 July
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NewsReal Good Food returns to profit but sales in decline
Real Good Food has swung back into the black thanks to the sale of its beleaguered sugar business but sales still went backwards.
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NewsFlorette expands range with Axgro Foods beetroot acquisition
Salad producer Florette has acquired beetroot supplier Axgro Foods in a bid to expand its product range.
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NewsMotor Fuel Group buys forecourt operator Synergie Holdings
MFG says it aims to become the UK’s most dynamic and profitable independent forecourt operator
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NewsFaccenda Foods enters joint venture with Dartmouth Foods
The agreement will integrate cooked poultry productions into the Faccenda poultry supply chain
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NewsSales up 9% at East of England Co-op Sourced Locally Fortnight
The Ipswich-based co-op generated £913,111 sales in its 132 stores during the 2016 event
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NewsMorrisons launches third phase of Price Crunch campaign
The supermarket says it is addressing consumer food price concerns in the wake of the Brexit vote
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NewsACS joins trade bodies in warning of national living wage hikes
Greg Clark urged to create a new steering group to allow businesses to feed back reports about the impact of the wage…
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NewsMedia Bites 1 August: ABI/SAB, BHS, Bernard Matthews
The Sunday Times delves into how the beer megadeal between AB InBev and SABMiller was taken to the brink by Brexit
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NewsHeineken sales fizz after strong Q1 but profits hit by Africa slowdown
First-half organic revenues at Heineken grew 4.7% to €10.1bn as total volumes rose 3.8%
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NewsSABMiller board backs improved AB InBev offer
SABMiller announced on Friday afternoon it has unanimously recommended this week’s improved £79bn offer from AB InBev.
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NewsFen Farm Dairy to double production of raw milk brie with £200k funding
Fen Farm currently operates in the domestic sector and distributes its products through Harrods and Fortnum & Mason.
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NewsMindful Chef smashes funding target with help from Andy Murray and Victoria Pendleton
Recipe box business Mindful Chef has soared past its £400,000 crowdfunding target with help from sporting stars Andy Murray, Victoria Pendleton and Will Greenwood to raise more than £1m.
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NewsM&A deal activity set for post-Brexit autumn spike
Pent-up M&A demand in the food and drink sector could lead to a spike in deals in the autumn
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsMedia Bites 29 July: Diageo, Carrefour, Amazon
Diageo’s hangover lifted last year as it cheered a 3.5% rise in full-year operating profits in its self-styled “turnaround” year.
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NewsReckitt profits hit by South Korea problems
Reckitt Benckiser first-half profits plunged 29% to £528m after it put aside £319m to pay compensation
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NewsDanone beats expectations as profits surge on stronger dairy sales
Net income at the French food giant more than doubled in the six months to 30 June to €935m