All Finance articles – Page 508
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NewsMedia Bites 30 November: P&H, Costcutter, Britvic, Mars
The fallout from the collapse of Palmer & Harvey continues to dominate the papers.
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NewsCity snapshot: Greene King squeezed by fall in consumer confidence
Revenues increased 7.9% at the Greene King division that includes its off-trade activities but overall profits declined in the first half as under-pressure consumers stayed home more and ate out less. And, shares soar at rival brewer Marston’s after double-digit sales growth. Plus, consumer confidence falls for 20th month in a row; and interims from PayPoint.
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NewsMars buys stake in healthy snacks business Kind
Mars has invested in a minority stake in global snack bars manufacturer Kind as it seeks to boost its global healthy eating credentials
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NewsCostcutter agrees exclusive supply deal with the Co-op
Co-op is also looking to support Costcutter’s independent retailers in the short term
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NewsMedia Bites 29 November: Palmer & Harvey, Ocado, Unilever
Good news for Ocado, which finally announced it first international technology partnership, was overshadowed by the collapse of Palmer & Harvey last night.
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NewsCity snapshot: P&H collapse set to cause £160m dent in Imperial Brands profits
Tobacco supplier Imperial Brands is preparing to take a £160m hit to its profits this year after the collapse of wholesaler Palmer & Harvey last night. Plus, positive full-year results send Britvic shares soaring; and food price inflation eases in November.
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NewsP&H falls into administration
Customers have been informed there will be no deliveries tomorrow and rival wholesalers are gearing up to step in
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NewsGraze profits fall as it invests in US expansion
Revenues at Graze rose 8% to £76m last year but profits fell 40% as the snacks business invested heavily to establish a retail presence in the US.
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NewsMedia Bites 28 Nov: Unilever, Black Friday, Patisserie Holdings, Ocado
Unilever’s board is to delay a decision on whether to choose the UK or the Netherlands for its headquarters.
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NewsCity snapshot: Ocado signs international partnership with French hypermarket chain Casino
Ocado has signed an agreement with Group Casino to develop a delivery service in France. Plus soaring UK food to go sales boost annual revenues at Greencore, Unilever says plans are on track to deliver underlying sales growth of 3-5%, Cranswick sees strong first half volume growth and all the rest of the latest news from the City.
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NewsJames Brown to lead Sainsbury's Argos commercial team
Robbie Feather is leaving to become CEO of Fenwick in the new year
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NewsAmazon in pole position to buy Booths in £150m sale
The Preston-based grocer has called in Rothschild to prepare a sale of its 28 branches, according to reports
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NewsFood and Drink Sector Council to pursue post-Brexit growth
Theresa May and business, energy and industry strategy minister Greg Clark announced the plans
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NewsCity snapshot: Booths hires Rothschild to find a buyer
Upmarket northern supermarket chain Booths has reportedly hired Rothschild to lead a sales process that could be worth up to £150m. Plus a look ahead to events in the City this week, including results from Greencore, Britvic and Cranswick, and all the rest of the latest finance news.
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NewsMedia Bites 27 Nov: Just Eat, Booths, Black Friday
Online takeaway firm Just Eat is set to join the ranks of Britain’s biggest businesses this week as it is faces promotion to the FTSE 100.
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NewsKraft Heinz names former Tim Hortons CEO as UK & Ireland chief
Kraft Heinz has bought in the former global CEO of coffee and donut chain Tim Hortons to head up its UK & Ireland business
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NewsCharles Wilson criticises anti-merger 'little island' wholesalers
Rivals would have to up their game to succeed, Wilson told The Grocer in an exclusive interview
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NewsSainsbury's short selling at highest for over a year
Short selling of Sainsbury’s shares has jumped to its highest level for over a year
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NewsSSP sales hike sends shares soaring
Despite struggles in grocery and restaurants, food to go continues to go from strength to strength
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NewsNestlé target Hain out of running for Meridian stake
Hain Celestial is understood to be out of the running for nut butter brand Meridian as the wider group becomes a multi-billion dollar target for Nestlé.