All Finance articles – Page 682
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NewsNestlé and R&R to merge ice cream businesses
Nestlé is in advanced talks to join forces with European ice-cream company R&R to create a frozen giant employing more than 10,000 staff and operating in 20-plus countries across the world.
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NewsTesco expected to reveal more profit downgrades
Profits at Tesco are predicted to have slumped by more than £500m in the first half, more profit downgrades expected by analysts.
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NewsMedia Bites 5 October: Tesco, AB InBev, Morrisons, Sainsbury's
A busy weekend for retail as the papers focus on the much-anticipated first-half results for Tesco, with Morrisons and Sainsbury’s also getting a look in, as well as the awaited takeover bid from AB InBev for SABMiller.
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NewsTata sees 9% slump in sales as Brits turn away from black tea
Tata Global Beverages GB suffered a 9% sales slump last year as it battled falling consumption of black tea in the UK
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NewsConviviality signs £4.3m fintech contract as Matthew Clark takeover completes
Conviviality Retail has signed a new contract with financial technology business Universe to provide point-of-sale, payment and encryption services. It comes as Conviviality’s £200m reverse takeover of wine and spirits supplier Matthew Clark cleared its final hurdle yesterday.
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NewsFor Aisha halal babyfood targets growth following rescue
Halal babyfood brand For Aisha is looking to expand across the UK and internationally
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Analysis & FeaturesWill the Magnificent Seven lagers thrive in ABI/SAB megabrew?
When the top player in any industry looks to take out its nearest rival, regulatory alarm bells inevitably start to ring
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NewsQuorn to stick with US as growth priority
Quorn will remain focused on rapid expansion in the US
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NewsMorrisons staff welcome increased minimum pay
Morrisons staff have broadly welcomed the 20% increase in its minimum hourly pay rate to £8.20
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NewsCity Snapshot: Waitrose weekly sales back on the rise
Waitrose’s weekly sales (excluding petrol) were back up 2.1% in the week to 26 September after slipping for the previous two weeks, plus all the rest of this morning’s news from the City.
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NewsMedia Bites 2 Oct: Mondelez, SABMiller, Cranswick
Mondelez is exploring a sale of its European cheese and grocery business, which could be valued at around $3bn, according Reuters, as it sharpens its focus on snack foods and refreshments.
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NewsKapak Foods rescue deal saves 150 jobs
Food packing specialist Kapak Foods has been rescued from administration with the backing of a private equity firm, saving 150 jobs.
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NewsAdjudicator Tacon shocked by supplier ignorance of GSCOP
Christine Tacon has admitted in a new video for suppliers that she is “shocked” by their lack of knowledge of the Code
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NewsBirds Eye reveals plan to rejuvenate flagging frozen foods
Birds Eye has set out plans to unlock an additional £676m of revenue in frozen food over the next three years
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NewsSamworth Brothers acquires sports nutrition brand SCI-MX
Samworth Brothers has acquired SCI-MX Nutrition, owner of sports nutrition brand SCI-MX
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NewsCity snapshot: Cranswick's first half revenues top expectations
Pork supplier Cranswick’s first half revenues rise 10% up year-on-year, Britvic confirms Brazilian acquisition, bumper share price rises for the UK supermarkets and all the rest of this morning’s news from the City.
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NewsMedia Bites 1 Oct: Sainsbury's, Tesco, Altria
It’s no surprise that the papers have gone big on Sainsbury’s upgraded profits guidance and subsequent near-14% share price spike.
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NewsQuorn snapped up in £550m deal
Quorn is the latest food brand to fall into foreign hands with a £550m sale to a branded consumer goods company based in the Philippines.
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Analysis & FeaturesSainsbury’s surprise signals substance to big four’s ‘green shoots’
The JS news sparked a frenzy of activity from analysts
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NewsDairy Crest deal closer after Müller modifies undertakings
The regulator says it is happy with modified undertakings from Müller, paving the way for clearance