All Finance articles – Page 716
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Analysis & FeaturesM&S first half results – what the analysts say
A round-up of analyst comment on Marks & Spencer’s first half results
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NewsM&S hits three month share price high after first half sales increase
Marks & Spencer has reported a 1.4% rise in first half sales to £5bn, driven by its continued outperformance of the troubled UK grocery sector.
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NewsMedia Bites 4 November: AB Inbev, SABMiller, ABF, Tesco, Imperial Tobacco
AB InBev and SABMiller continue to be the focus of attention as they thrash out details of the £68bn takeover; ABF profits sour on sugar woes but Primark is set to expand in the US; and Imperial Tobacco boss plays down break up rumours.
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NewsCity snapshot: M&S food business drives sales growth in first half
Marks & Spencer has increased sales 1.4% to £5bn in the first half, mainly thanks to continuing growth in its food business
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NewsKellogg sales and profits hit by strong US dollar
Profits at Kellogg Co slumped more than 8% in the third quarter as sales at the US cereal manufacturer missed expectations
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NewsIncreased growth brand volumes boost Imperial Tobacco’s profits
A 7% rise in global growth brand volumes helped Imperial Tobacco full year adjusted operating profits grow by 2.4% to more than £3bn.
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NewsKerry shares slip despite rising volumes
Kerry Group has increased volumes in the third quarter as its ingredients business made strong gains in Asia and the consumer foods division shrugged off challenging conditions.
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NewsShopper confidence at its highest on record in Nielsen survey
Number of UK consumers positive about making purchases rose five points to 49%
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News
Sugar woes and currencies hit profits at ABF
Associated British Foods (ABF) has recorded a 6% fall in adjusted full year operating profit as a collapse in profitability of its sugar division hit overall earnings.
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NewsMedia Bites 3 November: IRI, M&S, Molson Coors, Heck Food
More than half of all goods sold in the UK are on some kind of promotion; M&S gets set for another disappointing financial update; Molson Coors is in advanced talks to buy SAB’s stake in American JV; and WHO cancer scare helps Heck sell more sausages.
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NewsCity snapshot: ABF sales and profits slip but sugar woes better than feared
Revenues and profits slipped at Associated British Foods as the retail and grocery group struggled with food commodity deflation and significant swings in currency markets.
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NewsTate & Lyle completes Eastern Europe ingredients restructure
Archer Daniels Midland Company, which owns half the joint venture with Tate, has bought bulk ingredients plants in Bulgaria, Turkey and Hungary
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NewsNomad completes £500m takeover of Findus
Nomad Foods has completed the £500m takeover of the European arm of Findus after the deal cleared the relevant anti-trust hurdles.
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NewsUnilever accredited as living wage employer
The move will mean a pay rise for about 500 of the company’s UK staff
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NewsAsda and Tesco slip as high street entertainment sales surge
Asda and Tesco lost share of the entertainment market in the past quarter as high street retailers enjoyed a resurgence
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NewsMedia Bites 2 Nov: M&S, Morrisons, BRC
Marks & Spencer is due to report another slump in clothing sales, heaping renewed pressure on chief executive Marc Bolland.
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NewsCity snapshot: 151 Products rescues Swirl from administration
151 Products has bought consumer goods firm Swirl Products, trading as Fmcg, out of administration, plus a look at the week ahead in the City with updates from M&S, Morrisons and ABF.
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News151 Products agrees rescue deal for fmcg
Consumer products group 151 Products has acquired the business and assets of Swirl Products, which trades as fmcg, out of administration.
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NewsDrury Tea and Coffee brews up expansion plans
Tea and coffee producer Drury Tea and Coffee has invested in new coffee equipment after securing a £500,000 bank loan.
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Analysis & FeaturesC&C Group shares plummet after sales & profits slump
Shares in C&C Group were in freefall after the Bulmers maker revealed difficult trading conditions had dented its sales