All Finance articles – Page 593
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NewsCity Snapshot: Store growth helps sales rise 2.2% at McColl’s
Total revenues were up to £469.2m, driven by the acquisition of 24 new convenience stores
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NewsMedia Bites 27 July: AB InBev/SABMiller, Supermarkets, Fever-Tree
“Beer merger on the brink after higher bid falls flat” writes The Times after yesterday’s improved AB InBev offer for SABMiller fails to convince investors
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NewsFever-Tree relaxed about potential tonic war as sales and profits continue to fizz
Fever-Tree’s founders are relaxed about the impending entry of Britvic in the premium mixers category after its revenues soared 69% to £40.6m in first half.
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NewsGreencore sees “modest” Brexit impact as food to go drives sales increase
Greencore’s revenues were up 4% in the 13 weeks to 24 June, with Brexit having only a “modest” impact on the convenience food giant’s trading.
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NewsFamous Grouse owner profits hit by ‘fierce’ competition
The Famous Grouse and Cutty Sark brands suffered double-digit falls in sales, offsetting growth for single malts The Macallan and Highland Park.
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NewsDCS Group invests £10m in expansion plans
Household brands distributor DCS Group has invested £10m expanding its operations to a new 25-acre site in Banbury with funding from Barclays.
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NewsRefresco enters US with $129m Whitlock Packaging deal
The deal is Refresco’s first step towards expansion beyond Europe, with a ”strong” second platform for further growth in North America.
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NewsFood-to-go category set for 7% rise in value to £16bn: IGD
IGD said the opportunities presented to suppliers could only be exploited if they understood the market
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NewsAB InBev ups offer for SABMiller after investor pressure
AB InBev that it has made a revised and “final” offer for SABMiller after the post-Brexit slump in the pound had led to investors questioning the value of its original offer.
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NewsPoor weather drives the worst supermarket sales figures for two years
During the four weeks ending 16 July 2016, the value of sales was down 2.4%
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NewsMedia Bites 26 July: BHS/Sir Philip Green, Hammerson, LVMH
Libel lawyers acting for Sir Philip Green have demanded an apology after MP Frank Field likened the retail tycoon’s conduct to that of Robert Maxwell,
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NewsFine Food adds to portfolio with Clarks and Wild Tastes acquisitions
Clarks Speciality Foods and Wild Tastes both supply premium, specialist products to the foodservice sector and speciality retailers across Scotland.
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NewsAhold Delhaize starts trading as €9.8bn merger goes live
The €9.8bn merger of Ahold and Delhaize received clearance from US regulators over the weekend.
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NewsSainsbury's Argos deal leaves it vulnerable to Brexit fallout
Sainsbury’s share price has fallen by 7.4% in the month following the UK’s vote to leave the EU
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NewsStrong volume growth drives Cranswick's first quarter sales up 11%
Higher volumes and the contribution of acquisitions helped Cranswick’s sales rise 11% in the first quarter to 30 June 2016.
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NewsGreencore buys The Sandwich Factory from Cranswick
Deal is valued at up to £15m and will be funded from existing debt facilities
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NewsMedia Bites 25 July: AB InBev/SABMiller, BHS, Diageo
AB InBev’s takeover of SABMiller is “on a knife edge”, writes The Times (£) after activist investors push to amend the terms of the deal.
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NewsJames Hall snaps up North East Convenience Stores
Spar wholesaler has bought the 30-store estate for an undisclosed sum
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NewsPremier Foods share price shows continued steady improvement
Amid all the market chaos Brexit unleashed, Premier Foods has stealthily been gaining ground
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NewsIs Britain falling out of love with Heinz Beanz?
Shoppers are turning their backs on Heinz’s iconic beans and soups, hitting the brand’s UK sales and profits