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SAB Miller has announced new investments in Africa and Peru as it reported a 3% increase in half-year lager volumes. The brewer said it planned to invest $260m in increasing capacity at its subsidiaries in Uganda, Ghana, Zambia and Tanzania on the back of a 23% increase in half-year profits in its African operations.
Rising costs hit margins at Cranswick in the past six months, the pork supplier confirmed yesterday. The Tesco and Sainsbury’s supplier said pre-tax profits for the six months to 30 September were down from £23.8m last year to £18.5m.
UK food sales at Marks & Spencer slowed sharply in the second quarter compared to the previous three-month period, as profits tumbled at the high street bellwether.
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