All Finance articles – Page 670
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NewsIan Deste is new Burton's Biscuits UK & Ireland MD
Most recently commercial director at Premier Foods, Deste left the business last September, and has previous with spells at Premier Foods and CCE
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NewsMüller's Dairy Crest acquisition on verge of fresh investigation
£80m deal for Dairy Crest’s loss-making dairies operation could be referred to a ‘phase two’ investigation unless “acceptable undertakings” were offered
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Analysis & FeaturesGrocery spend fails to lift in brighter economic environment
In a more buoyant economy, shoppers are not spending their extra cash on grocery, and price savviness is now hard-wired
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NewsAlastair Jackson made MD of Adams Food Ingredients
Jackson starts next week after spending five years as marketing director of sister company Adams Foods
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NewsMedia bites 15 June: Tesco, GSCOP, business rates
Tesco needs to raise more than £5bn to fix its balance sheet and regain its investment grade credit rating, according to rating agency Moody’s.
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NewsBooker executives sell on shares worth £11.5m
The group of execs, not including CEO Charles Wilson, sold a collective total of 6.8 million shares for 170p each
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NewsCity snapshot: Profits plunge at Majestic Wine
Full year pre-tax profits at Majestic Wine have slumped by 22.7%, FSTE falls on Greek debt worries, plus what’s on in the City this week.
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NewsImperial Tobacco completes $4.6bn US acquisition
Imperial Tobacco has completed the £4.6bn deal to buy US cigarette and e-cigarette brands from Reynolds and Lorillard.
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NewsIceland's Malcolm Walker: 'Price is not a weapon any more'
The frozen chain is shifting its strategy via a new Power of Frozen campaign that seeks to educate shoppers
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NewsMedia Bites 12 June: Sainsbury’s, Nestlé, PZ Cussons
Sainsbury’s CEO Mike Coupe acquitted of all charges by Egyptian courts, Nestlé attempts to trademark four-fingered KiKat bar fail and PZ Cussons brushes aside trouble in Nigeria to trade in line with expectations.
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NewsCity Snapshot: Waitrose sales heat up as sun shines
Waitrose said the arrival of sunny weather boosted sales 2.2% over the past week. Plus Contract Bottling and Speaking Water Brands merge to form Clearly Drinks. And the listed grocer’s continue a share price revival.
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WhiteWave acquires plant-based foods group for $550m
Alpro owner WhiteWave Foods Company has agreed to buy a plant-based foods manufacturer Vega for $550m (£354.5m).
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Permira gorges on healthy snacking businesses
Investment firm Permira, which recently sold Birds Eye owner Iglo Group to Nomad Foods, is combining two US snacks businesses after snapping up Medora Snacks and Ideal Snacks.
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NewsSupermarket woes to drag on to 2017, Moody's warns
Margins at the big four UK grocers are unlikely to recover for another 12 to 19 months as the price war continues to rage and like-for-like sales decline, ratings agency Moody’s has warned.
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NewsMedia Bites 11 June: Sainsbury's, Iceland, supermarket margins
Sainsbury’s first quarter results, which sparked a rally of supermarket shares, unsurprisingly get plenty of coverage this morning.
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NewsCity snapshot: Supermarket margins won't improve for 18 months
The big four UK grocers will not see a recovery in margins until at least 2016/17, according to ratings agency Moody’s.
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NewsBRC calls for government clarity over business rates
Group admits government does not have enough time to draw up new roadmap before 2017
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NewsSainsbury’s boss Mike Coupe sees better times ahead
Sainsbury’s CEO Mike Coupe has speculated that its 2.1% first quarter like-for-like sales decline could signal the “low point of the cycle” as deflation eases and volumes return.
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NewsIceland sales fall 4.4% in "exceptionally challenging" year
Profits at Iceland plunged by a quarter last year as like-for-like sales fell 4.4% in an “exceptionally challenging year”.
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Analysis & FeaturesSainsbury's results: What the analysts say
The industry has its say on this morning’s Sainsbury’s financials