All Finance articles – Page 491
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NewsNestlé misses growth expectations as sales falter in fourth quarter
Full-year profits at Nestlé slumped as sales growth at the Swiss food giant came in below expectations after a sluggish fourth quarter
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NewsDanone to reduce its 21.3% stake in Yakult
Danone has announced it is to sell part of its 21.3% stake in Japanese probiotic yorhurt producer Yakult.
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NewsDanone the first UK dairy company to gain B Corp certification
B Corp certification ’is to business what Fairtrade is for coffee’, the NGO says
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NewsCity Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.
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NewsMedia Bites 14 Feb: Crowdfunding, Inflation, Quorn
Fresh concerns have been raised over selling ‘mini bonds’ via crowdfunding after Square Pie collapsed, with 324 bondholders standing to lose hundreds of thousands of pounds.
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NewsHeat not burn tobacco receives qualified boost in PHE report
Public Health England report acknowledges new devices are ‘considerably less harmful’ than cigarettes
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NewsTesco and Nestlé lead way in plant-based food shift
A report by food and farming thinktank FAIRR has named the two companies as best-placed to take advantage of the trend towards plant-based eating
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NewsAmazon to cut hundreds of jobs at its Seattle HQ
The online giant is to shift resources into fast-growing areas like its work on voice assistant technology Alexa
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NewsCity snapshot: Meridian snapped up by SHS Group in £50m deal
Nut butter brand Meridian has been bought by Northern Irish consumer goods company SHS Group in a deal exclusively flagged by The Grocer. Plus, the FTSE starts the week on the front foot and all the rest of the latest news from the City.
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NewsMedia Bites 13 Feb: Plant-based foods, Morrisons, Amazon
Whole Foods and Costco have been criticised for their inadequate response to an investor push for food companies to decrease their reliance on meat and animal products.
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Comment & OpinionCould a Tesco discounter offer really frighten Aldi and Lidl?
Tesco needs to tread very carefully if it goes down such a path, remember Sainsbury’s decision to pull the plug on its Netto venture at a cost of tens of millions?
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NewsSHS Group acquires Meridian and Rocks owner 3V Natural Foods
Northern Irish consumer goods company SHS Group has acquired a majority stake in nut butter brand Meridian to add to its growing portfolio of brands, as tipped by The Grocer last month.
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsUK food & drink exports hit record highs in 2017, says Defra
The figures, presented by Defra as a ‘Brexit boost’ were up by more than £2bn in real terms on 2016, it said…
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NewsSandpiper CI signs up to Morrisons wholesale deal
Sandpiper will convert 24 stores to the Morrisons Daily fascia…
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NewsTesco discount chain: analysts react to latest developments
How the City responded to news of Tesco’s discounter plans in an attempt to level the playing field with Aldi and Lidl
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NewsLoveRaw rejects £50k Dragon offer in favour of private cash
The brand’s founder Rimi Thapar appeared in last night’s Dragons’ Den seeking investment in return for a 5% stake
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NewsManagement buy UK bonded warehousing specialist MSX
The distributor of BWS and confectionery to travel retail is now owned by Peter Blatch, Rob Glanville and Mark Pullen…
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NewsNestlé acquires plant-based brand Terrafertil
Nestlé has made further strides into the plant-based food sector with the acquisition of a majority stake in Latin American brand Terrafertil, which has a growing presence in the UK health market.
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NewsMedia Bites 12 February: Unilever, Tesco, Morrisons, 2 Sisters
Unilever creates waves this morning after threatening to pull marketing spend from platforms failing to tackle fake news, protect children, promote hate or create division in society. And a secret plan by Tesco to launch a discount chain dominates the weekend papers.