All Finance articles – Page 512
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NewsVimto owner Nichols continues to outperform UK soft drinks market
Vimto owner Nichols has boosted revenues 12.4% to £63.5m in the first half to 30 June as the soft drinks maker continued to outperform the market in the UK.
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NewsHefty McCormick deal for Schwartz stuns analysts
Schwartz herbs and spices manufacturer McCormick swooped to buy the Reckitt Benckiser food division for a “staggering” $4….
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Analysis & FeaturesRecord high butter prices 'unlikely to ease' for months
Manufacturers are unlikely to see butter wholesale prices ease for ’at least a few months’
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NewsGlaxoSmithKline announces plans to sell Horlicks in UK
GSK said it would also sell its MaxiNutrition division, which manufactures the Maximuscle brand
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NewsAre Brits bored of Bake Off? Ingredient sales slump by £27m
Cherries, raisins and sultanas, baking sugar and cake decorations accounted for the bulk of the decline
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NewsJo Whitfield confirmed as permanent Co-op Food CEO
Whitfield was with Asda for eight years before joining the Co-op last year
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NewsIndustry leaders present 10 demands for Brexit talks
Trade bodies warn of “enormous consequences” if ministers fail to achieve desired outcome
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NewsUnilever boosts long-term strategy as sales grow and margins increase faster than expected
Unilever hailed its long-term growth model this morning as first-half revenues increased 5.5% alongside a substantial step-up in profitability. The group added the preparation for the sale of the non-core spreads business was “well underway”
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NewsGCA review sees government looking beyond Tacon tenure
Government review found there had been an improvement in the behaviour of supermarkets, and wants to “establish a robust governance and assurance framework for the long term’
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NewsMedia Bites 20 July: McCormick/Reckitt Benckiser, GlaxoSmithKline/Horlicks, Hotel Chocolat, BAT/Reynolds
News of the $4.2bn McCormick acquisition of Reckitt Benckiser’s food business was the main focus of the papers on a slow day for grocery and retail news. Plus, GlaxoSmithKline unveils plans to sell its Horlicks brand in the UK.
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NewsCity snapshot: Premier Foods suffers further slump in sales
Premier Foods revealed a difficult start to the year as first quarter sales fell 3.1%, driven by changes to supermarket promotions and less demand for its products in the June heat
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NewsHotel Chocolat plans 'shop plus café' growth as sales rise
The luxury chocolate brand reported a 12% year-on-year increase in revenue to £104m
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NewsBristows and Tuckers bonbon maker fails again with 52 redundancies
The future of the Bristows and Tuckers confectionery brands hang in the balance after a failed turnaround bid sent the business under for the second time in less than a year
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NewsCheese Posties campaign values cheese toastie box business at £1.5m
Cheese toastie subscription box service Cheese Posties is seeking £80,000 in a crowdfunding campaign that values the start-up at more than £1.5m.
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NewsFood & drink firms urged to enter Queen's Awards for Enterprise
Currently in their 50th year, the awards recognise and celebrate outstanding achievement
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NewsEssex family food store forced to close after 17 years
The Food Company in Marks Tey, Colchester, will cease trading on 29 July
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NewsLondis' Wine Festival boosts sales by 60% across estate
The four-week promotion featured offers including half-price deals on Silent Lake and Isla Negra
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NewsMedia Bites 19 July: Inflation, Dairy Crest, Amazon, P&G, North Sea cod
The surprise drop in inflation; Dairy Crest results; the launch of Amazon meal kits; the ongoing tussle at P&G; and the North Sea cod has been deemed sustainable once again.
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NewsCity snapshot: McCormick swoops for French's and Frank's Red Hot in £3.2bn deal
Schwartz spice maker McCormick has acquired Reckitt Benckiser’s food division for $4.2bn (£3.2bn) in cash. Plus, sales jump 12% to £105m at Hotel Chocolat.
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NewsAmazon begins selling first meal kits
The soft launch comes just days after filing a trademark for its slogan ‘We do the prep. You be the chef’