All Finance articles – Page 497
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NewsCity snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
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NewsMedia Bites 26 Feb: Unilever, Tesco/Booker, 2 Sisters
Top shareholders warn Unilever over plan to leave the UK, judgment day nears on Tesco’s £3.7bn takeover Booker and 2 Sisters puts Irish fish supplier Donegal Catch up for sale.
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NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
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NewsRetail bodies back Brexit transition flexibility
Retail leaders have welcomed the government’s intentions for the transition period to last “as long as it takes”
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NewsReckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
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NewsAppetise cuts crowd valuation in bid to reach target of £500k
Online takeaway service Appetise has slashed its valuation in the hopes of drumming up interest
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NewsThe Collective set for 'racy' stake valuation
High-end yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand
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NewsMedia Bites 23 February: British American Tobacco, Unilever
The papers delve into the latest annual results from British American Tobacco, which saw its profit jump thanks to the acquisition of rival tobacco giant Reynolds.
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NewsCity snapshot: The Collective in talks for investment to accelerate rapid growth
Premium yoghurt brand The Collective is holding talks with potential investors in the UK and New Zealand to secure cash to accelerate its already rapid growth. Plus, Finsbury Food has refinanced its debt facilities to allow the business the option to explore future growth opportunities.
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NewsCMA opens investigation into Co-op's £143m Nisa takeover
CMA has until 23 April to decide if a phase 2 probe should go ahead - move comes week before Tesco and Booker shareholders vote on the pair’s £3.7bn merger plans
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NewsArla promises NPD to grow Yeo Valley sales
Under the proposed deal, Yeo Valley will quit the liquid milk business
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NewsMeat sales remained strong despite Veganuary
Veganuary had minimal impact on meat sales, but vegan and vegetarian food sales were up 14% according to Nielsen
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NewsGranarolo eyes growth in UK fresh sector with Midland deal
Bologna-based Granarolo currently supplies some own-label Italian produce to Sainsbury’s
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NewsOver a third of SMEs think high street cryptocurrency is coming
Some 46% of small firms questioned already accept “alternative” currencies, with 27% involved in schemes
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Comment & OpinionExploit and adapt to Trump tax reforms
US tax reform is the most significant change to US corporate and international tax in a generation
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NewsMedia Bites 22 February: Unilever, Hotel Chocolat, Arla, KFC
The UK government is bracing for Unilever to choose the Netherlands over the UK for its new unified headquarters. Plus, results from Hotel Chocolat and Arla both gain coverage this morning.
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NewsCity snapshot: Sales and profits heating up at British American Tobacco
Revenues and profits have soared at British American Tobacco as the cigarette giant completed its £41.8bn takeover of rival Reynolds and continued to take advantage of the growth of next generation products. Plus, profits slump at private label group McBride as inflationary pressure in its personal care & aerosols business saw the division slump to a trading loss.
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NewsPureCircle to ramp up stevia leaf production as NPD gathers pace
The Chicago business intends to this year plant 16,000 tonnes, a 200% increase YOY
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NewsEuro Garages adds 97 Dutch Esso sites as part of expansion
The forecourt operator has agreed to acquire all the shares of independent fuel and convenience group NRG Value Retail
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NewsWaitrose the second major retailer to cut back its property team
A restructure will see the merger of the previously separate property functions of Waitrose and its parent company John Lewis