All Finance articles – Page 722
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NewsMcColl’s lures Tesco’s Simon Fuller to deputy CFO role
McColl’s Retail Group has lured one of Tesco UK’s finance directors to become its deputy chief financial officer
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NewsSoreen MD Paul Tripp hands in resignation
finanPaul Tripp has resigned as managing director of Samworth Brothers-owned malt loaf brand Soreen
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NewsSABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.
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NewsCity snapshot: Asda profits hold up as it escape huge property writedowns
Asda pushed operating profits up 1.9% to £1.01bn last year as it escaped eye-watering property writedowns
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NewsMedia Bites 9 October: SABMiller, AB InBev, Tesco, Asda, Coca-Cola
The ongoing tango between SABMiller and AB InBev and the fallout from Tesco’s first-half results continues to dominate the papers
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NewsDave Lewis buys Tesco shares after critics question lack of investment
Earlier this week Sky News claimed Tesco has been in secret talks with the SFO about a deal to settle a criminal probe
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Analysis & FeaturesAsda profits escape property writedown carnage
Asda has pushed profits past £1bn as it managed to avoid the massive one-off costs on writedowns that have blighted rivals
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NewsBrian Mackie takes up First Milk COO role
Dairy co-op First Milk has appointed Brian Mackie as chief operating officer
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Comment & OpinionLiving wage means rethink of price-marked packs
Nobody is against the principle of paying valued staff more money, provided the business model can sustain it
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NewsAsda profits hit £1bn despite shrinking sales
Asda has pushed profits past the £1bn mark - despite sales falling 0.4% to £23.2bn and market share dipping - thanks to its low-cost operating model.
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NewsProduce Investments jobs at risk after potato contract slashed
A 45-day consultation period has been launched with staff at the Kent Potato Company
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NewsJohn West profits leap as tuna sustainability faces scrutiny
John West revealed a big jump in profits this week, as it faced fire for “trashing the oceans for cheap tuna”
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NewsMedia Bites 8 October: Tesco, SABMiller/AB InBev, Poundland
Tesco’s first half results and the SABMiller/AB InBev takeover saga and dominate the papers this morning.
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NewsCity snapshot: Tate & Lyle reaffirms guidance after “encouraging” six months
Tate & Lyle has reaffirmed its full year earnings guidance in a six month trading statement this morning
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Comment & OpinionDave Lewis uses IGD Debate to denounce predecessors’ “naked pursuit of profit”
This was supposed to be the moment the world delivered its verdict on Tesco boss Dave Lewis after his first tumultuous year at the helm
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NewsDiageo and Heineken swap emerging markets assets in $780m deal
Diageo has agreed a $780.5m (£515m) three-part deal with Heineken to swap assets in emerging markets.
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NewsSABMiller rejects new £68bn takeover bid from AB InBev
The SABMiller board still has to formally consider the new offer made by AB InBev but indicated in a statement to the City on Wednesday morning (7 October) it was not minded to accept it.
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NewsTesco results – what the analysts say
Tesco today announced a sharp drop in first-half profits but also revealed a recovery in volumes. Here is what leading City and retail analysts had to say about the results
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NewsTesco’s first half profits halve as sales stabilise
Tesco’s first half reported opperating profits fell by more than half from £779m to £354m, but CEO Dave Lewis has hailed the “sustained improvement” in its trading performance.
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NewsCity snapshot: Tesco volumes up as like-for-like sales decline slows
Tesco has reported that volumes and transactions have grown during its first-half helping to slow the decline of like-for-like sales in the UK but its profits have halved. Alsp, AB InBev has tabled a £68.2bn improved offer for SABMiller; Diageo and Heineken have agreed disposals worth £515m in Jamaica, Malaysia, Singapore and Ghana; and Conviviality has completed its £200m reverse takeover of Matthew Clark.