All Finance articles – Page 529
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NewsMedia Bites 17 March: Sainsbury's, Food inflation, Unilever
“Sainsbury’s saved again by its ‘guardian angel’ Argos” is the headline in The Times (£) this morning as the supermarket’s acquisition of Argos mitigated otherwise lacklustre results.
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NewsKarro Food Group set for £180m sale following turnaround
Pork processor Karro Food Group is set to be snapped up by new private equity owners in a deal worth about £180m after a turnaround by backers Endless.
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NewsChi secures funds to accelerate growth
Coconut water, milk and oil brand Chi has secured £1.5m from high net-worth backers and overseas distribution partners
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NewsYorkshire Game snapped up ahead of retail push
Game and venison supplier Yorkshire Game has been acquired by former Symington’s CEO David Salkeld meat industry veteran Adrian Lyons in a bid to get more wild products in the supermarket meat aisles
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Analysis & FeaturesSainsbury's results: what the analysts say
Sainsbury’s Nine Elms store Sainsbury’s posted 0.3% growth in combined like-for-like sales for the final quarter of the financial year, bolstered by strong like-for-like growth of 4.3% at Argos. Supermarket sales were down by 0.5% with a 4% slump in general merchandise, which CEO Mike ...
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NewsMedia Bites 16 March: National insurance U-turn, Brexit, inflation, Unilever
The embarrassing climb down by Chancellor Philip Hammond over national insurance hikes for the self-employed dominates coverage this morning, with the papers calling it a Tory U-turn.
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NewsCity snapshot: Sainsbury's warns of competitive pressures as like-for-like sales decline
Sainsbury’s CEO Mike Coupe has warned this morning of “very competitive” market conditions as like-for-like sales fell 0.5% at the supermarket in its fourth quarter, including a 4% slump in the general merchandise division. Plus, logistics firm Wincanton secures five-year contract with discount retail chain Wilko.
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NewsEfficiencies and weak pound boost earnings at Moy Park
Northern Irish poultry producer Moy Park has reported a four-fold increase in pre-tax profit despite the “economic turbulence” and “uncertainty” resulting from Brexit.
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NewsFirst Milk appoints Shelagh Hancock as new CEO
Former Medina MD Hancock, will replace Mike Gallacher, who was credited with turning around the dairy co-op
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NewsGMB calls on Park Royal food companies to pay £10 an hour
Union argues companies including Bakkavor, Eat and Charlie Bigham’s should adopt Living Wage Foundation’s recommended rate
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NewsCity snapshot: Unilever CEO calls for shake-up of UK takeover rules
Unilever boss Paul Polman has called on the Government to tighten up UK takeover rules after the Anglo-Dutch Marmite producer successfully saw off a £115bn bid approach from Kraft Heinz last month. Plus retail shares suffer and all the rest of the latest news from the City
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NewsMedia Bites 15 March: Unilever, UK takeover rules, Ocado
Unilever is considering returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts as part of a sweeping review, the results of which it will announce next month.
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NewsBowman Ingredients secures funding for UK's first dedicated gluten-free plant
Hertfordshire-based food coatings supplier Bowman Ingredients has opened the UK’s first dedicated gluten-free manufacturing site after securing a £6m funding package from HSBC.
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NewsFourth quarter like for like sales up 7.4% at Moy Park as annual volumes increase
JBS-owned Norther Irish poultry processor Moy Park saw annual revenues dip 0.3% but profits increase as the volume of birds processed rose over the year.
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Analysis & FeaturesHow deep were the supermarket price cuts?
The latest Grocer Price Index signalled an end to the era of supermarket deflation as prices in February rose again on an annual basis after two and a half years of price cuts. But how deep were the cuts?
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NewsEagle Eye turnover up as more brand partnerships are sealed
The company made a loss of £879,000 due to its investment in a “very significant” client in Canada
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NewsApplegreen to pay first dividend as profits rise 16%
Applegreen opened 32 new food outlets in 2016, as well as launching its new food offering, Freshii…
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NewsCity snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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NewsMedia Bites 14 March: EU trade, Asda, Petrol prices
A deal to avoid trade tariffs with the EU after Brexit will be imperative as the UK seeks to safeguard its long-term future, peers have warned.
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NewsAsda leads fuel price cuts across supermarket forecourts
Average fuel prices had risen by 16.8% in the last year…