All Finance articles – Page 436
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NewsReckitt Benckiser tumbles on weak first quarter growth
Household goods giant Reckitt Benckiser (RB) fell sharply as modest first quarter sales growth failed to meet analysts’ estimates.
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NewsConcerns over pricing pressures in major Unilever markets
A €6bn gift to investors and better than expected organic growth were not enough to butter up Unilever investors
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NewsBrakes sales rise on Sysco takeover but ebit profits fall 30%
Profits were down 30% pro rata as the business comes under pressure from rising costs and multiple changes in its leadership
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NewsCity snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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NewsMedia Bites 20 April: Kit Kat, Pinnacle Foods, Kraft Heinz
The shape of Kit Kat’s four-finger bar is poised to lose its European Union-wide protected trademark status, reports The Guardian
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NewsP&G quarterly sales up 1% as it seals $4.2bn Merck consumer health acqusition
Sales at US household goods manufacturer Proctor and Gamble (PG) have grown 1% year-on-year in the third quarter, as it announced the $4.2bn purchase of Merck’s consumer health arm
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NewsDried grape prices up after short crops in California & Iran
This in turn is pushing up UK prices for raisins and EU prices for sultanas
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NewsBig Drop to quadruple production on back of huge supermarket win
Award-winning low-alcohol craft brewer is searching for investors after securing massive store deal
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NewsYoung's Seafood officially put up for sale by PE owner
Announcement of sale process follows months of speculation over the future of seafood giant
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NewsWhitbread under pressure to spin off Costa Coffee
Whitbread under pressure from US investor to spin off Costa Coffee chain
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NewsCity snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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NewsMedia Bites 19 April: M&S, Unilever, Pernod Ricard
The role of Marks & Spencer’s executive director of customer, marketing and M&S.com, Patrick Bousquet-Chavanne has been axed “as part of a massive shake-up”.
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NewsIceland denies temperature control problems ahead of exposé
“We are entirely refuting every piece it,” says Iceland joint MD Nigel Broadhurst
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NewsHeineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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Comment & OpinionScottish sell-off is a landmark moment for First Milk
The dairy co-op said yesterday it was placing its Arran and Campbeltown creameries for sale
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NewsUK inflation falls to 2.5% but food inflation edges back upwards
UK inflation has fallen to its lowest rate in a year, though food price inflation edged up to a new high of 3.1%, according to the Office of National Statistics.
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NewsMoody’s downgrades Boparan on “deteriorating performance”
Moody’s cut the credit ratings of 2 Sisters owner Boparan after profits tumbled in the wake of a poultry food safety scandal
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NewsAnnual sales jump 8% at Tiptree maker Wilkin & Sons amid factory investment
Sales at Wilkin & Sons Limited, the maker of Tiptree jams and marmalades, jumped up 8% in 2017, with new product launches pushing top-line growth.
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NewsCity snapshot: Danone delivers strong start to year with 4.9% growth
Danone has reported a strong start to the year with a 4.9% increase in like-for-like sales growth in the first quarter. Plus, Rémy Cointreau reveals full-year organic sales growth of 7.2%, Heineken beer volumes up 4.3% in the first quarter and all the rest of the latest news from the City.
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NewsMedia Bites 18 April: Majestic Wine, M&S, ABF
Majestic Wine’s plans to invest more in expansion seem intentionally low-risk which has assuaged investors, writes the FT.