All Finance articles – Page 566
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NewsUK food prices return to inflation according to official statistics
The price of UK food and non-alcoholic drinks rose 0.3% in February after 31 consecutive months of decline, according to the Office of National Statistics.
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NewsMedia Bites 21 March: Palmer & Harvey in talks with two tobacco giants over sale of stake
Two of the world’s biggest tobacco manufacturers are in talks about a deal to shore up the finances of Palmer & Harvey, according to reports. Plus, the rest of the day’s news, including Tesco international shake-up and Finsbury teaming up with mary Berry.
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NewsCity snapshot: Fever-Tree sales and profits continue to soar as UK growth accelerates
Revenues at posh mixer brand Fever-Tree fizzed another 73% higher in 2016 to £102.2m, driven by accelerating growth in its domestic UK, helped by a new listing with Asda.
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NewsHilltop Honey eyes expansion with £385k funding package
Welsh raw honey supplier Hilltop Honey has invested in a new manufacturing site and equipment to fuel growth after securing a £385k funding package.
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NewsFinsbury Food Group bets on Mary Berry to boost flat sales
Finsbury has turned to former Bake Off judge Mary Berry to sweeten sales with a new range of cakes as inflationary cost pressures squeeze the business.
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Comment & OpinionUK food & drink is staring down the barrel of Brexit
Article 50 will be triggered next Wednesday. Time to get serious about negotiating the right deal for UK food & drink
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NewsTesco takes an axe to Heineken range in major reset
Cull includes Amstel, Sol, Tiger and most Fosters sub-variants, but no brand has been spared
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NewsTrevor Masters to leave Tesco and trigger international rejig
Tesco UK COO Tony Hoggett will become Tesco’s CEO for Asia..
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NewsProperty value of major supermarkets down £6.5bn in two years
Research by Saving Stream showed the property estates of Tesco, Sainsbury’s, Morrisons and Asda amounted to £37.8bn in 2016
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NewsCity snapshot: Five shops a day close in 2016 but trends improve post-Brexit
The equivalent of five shops a day closed on Britain’s high streets last year with a net loss of 1,650 shop during 2016, according to LDC
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NewsMedia Bites 20 March: Unilever, Takeover rules, Food labelling, Brazilian meat
Unilever is preparing a £6bn sale of brands including Flora and Stork as part of its response to the ill-fated takeover bid from Kraft Heinz.
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NewsManufacturing investment helps Sykes Seafoods post 9% annual sales rise
Manchester-based Sykes Seafoods has grown annual sales and profits after investment in its manufacturing base and a concentration on higher margin products.
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NewsSupermarket shorting on the rise despite retailer recoveries
Short trading in supermarket shares is picking up as worries mount over listed grocers coping with rising food prices
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NewsSainsbury's like-for-like decline is propped up by Argos
Like-for-like sales fell 0.5% at the supermarket in its fourth quarter
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NewsRed Bull flies high as full-sugar sales surge
Despite a health backlash against the white stuff, sugary pop is still powering huge growth for some of Britain’s top soft
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NewsCity snapshot: CapVest set to swoop for pork group Karro
Private equity house CapVest is understood to be close to sealing a deal to buyout UK pork processor Karro Food Group from Endless private equity house and management.
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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