latest – Page 193
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Sainsbury's reports half-year loss as it sets out strategic review
Sainsbury’s has reported a statutory pre-tax loss of £290m for the 28 weeks to 27 September 2014, as it warns the UK grocery market is changing faster than at any time in the past three decades.
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Record £16.6m profits for Carr's Milling Industries
Carr’s Milling Industries has posted record profits following the opening of a new mill last year.
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Raisio UK cereals and snacks business returns to profit
Sugar Puffs parent Raisio saw its UK cereals and snacks business return to profit…
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Today in the City - 7 November
Fever-Tree gains on first day of trading and Morrisons share price rally ends,
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Today in the City - 6 November
Morrisons and Tate & Lyle issue trading updates and Dairy Crest sells its milk business
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Tate & Lyle first half profits collapse by 40%
Tate & Lyle today laid bare the effects of its supply chain disruption and the increased sucralose market competition as its half-year pre-tax profit plunged by 40%.
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Morrisons 'encouraged' despite 6.3% fall in like-for-like sales
Morrisons chief executive Dalton Philips said he was encouraged by the retailer’s strategic progress despite recording a 6.3% fall in like-for-like sales in the third quarter
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M&S accelerating Simply Food openings as food sales rise 3.6%
M&S is accelerating its Simply Food store opening programme, adding an extra 50 stores to add to the 150 it outlined as part of a three-year plan to 2016 last year.
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Booming Primark sales mask sugar woes at Associated British Foods
Associated British Foods recorded a 3% decline in reported annual revenues as a 16% boost to Primark’s sales was pegged back by continued weakness in its sugar division.
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Tesco teeters on junk status as Morrisons rated 'better risk'
Morrisons is a more financially sound business than Tesco with a more coherent turnaround strategy…
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AB InBev hit by slowdowns in US, Russia and China
Global brewing group AB InBev posted below expectation growth this morning, with third quarter revenue rising by 2.3% as overall beer volumes fell thanks to a slowdown in US and China.
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Cook expanding following double-digit growth last year
Frozen ready meals producer and retailer Cook has embarked on an ambitious new expansion phase after posting double-digit sales growth last year.
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C&C Group’s profits hit by slowdown in England and the US
Drinks manufacturer C&C Group reported a 2.7% fall in first half operating profit as warned of “intensively competitive trading” in England and Wales and a “disappointing” performance in the US.
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Booths sales and profits in growth as it targets expansion
Booths has overcome food deflation and tough promoting in the market to post sales and profit growth.
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Britvic blames poor summer weather for Q4 sales drop
Poor summer weather squeezed performance of Britvic soft drinks in European markets in the fourth quarter, the company has reported in a trading update.
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Unilever's third quarter revenues hit by currency headwinds
Unilever has reported third quarter underlying sales growth of 2.1%, but foods remained the group’s worst performing category.
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Premier Foods dampens profit expectations as Q3 sales fall 4.7%
Premier Foods has reported a 4.7% drop in third quarter underlying sales and said its full year profit will be at the lower end of expectations.
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Tesco boss Lewis sets out three-pronged turnaround plan
Embattled Tesco boss Dave Lewis Dave today set out a three-pronged strategy to rescue the crisis-hit giant.
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Tesco results: what the analysts say
We round up reaction to Tesco’s interim results and the findings of its accountancy investigation.