All articles by Alec Mattinson – Page 156
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NewsBuoyant Booker defies Tesco deal distraction talk
Tesco’s proposed £3.7bn takeover of Booker has not distracted the wholesale giant as it delivered a 15% growth in pre-tax
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NewsCity snapshot: Booker profits up 15% ahead of Tesco buyout
Tesco-bound Booker saw pre-tax profits rise 15% in its full financial year, driven by rising non-tobacco like-for-like sales growth. Plus, all the rest of the latest news from the City
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NewsMedia Bites 18 May: Nestlé, Co-op, Coca-Cola
Nestlé has been foiled once again in its long-running bid to trademark the shape of KitKat, its four-fingered wafer bar.
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NewsMoy Park revenues up 6.6% in first quarter
Northern Irish poultry supplier Moy Park has reported a 6.6% jump in first quarter revenues, according the newly published accounts from its parent company Brazilian meat giant JBS,
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NewsCity snapshot: Premier Foods lowers growth target and ups cost savings drive
Premier Foods (PFD) is shifting its strategy away from focussing on revenue growth to a more ’balanced approach’ after full year underlying sales slipped 1.4%
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NewsMedia Bites 16 May: FeverTree, Booths, Food waste
Posh tonic maker Fever-Tree hits £2bn after meteoric three year rise – but are shares about to peak, asks The Daily Mail?
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NewsCoca-Cola Hellenic boosted by growth in emerging markets
Coca-Cola is flatlining, but European bottler Coca-Cola Hellenic continued its run of effervescent results. Plus, the share price movements of Refresco and Premier Foods.
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NewsMorrisons boss receives 24% pay boost and increased share incentives
Morrisons CEO David Potts saw his pay package jump by 24% last year and could be in line for a further pay boost in future years under newly proposed share reward plans
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NewsInflation drops as big four strive to contain cost hikes
The big four are still trying to limit the extent to which they are passing on higher costs to consumers, data indicates
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NewsCity snapshot: Coca-Cola HBC revenues up 5.2% in first quarter
European Coke bottler Coca-Cola HBC saw revenues rise 5.2% at constant exchange rates in the first quarter driven by higher prices in emerging markets. Plus, strong first quarter sales growth at Refresco and Henkel, Diageo fights £107m tax demand and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Diageo, Aldi, Pret A Manger, Just Eat
Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals.
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NewsWeak pound hits first quarter sales at Raisio
Finnish food group Raisio has announced an 18.9% fall in first quarter revenues as the weak pound hit sales of Benecol and its confectionery products in the UK.
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News58 food and drink firms named in LSE’s 1000 Companies to Inspire Britain report
A total of 58 food and drinks companies have been named in the London Stock Exchange’s list of 100 Companies to Inspire Britain
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NewsCity snapshot: UK retail boosted by Easter sales growth
Food sales increased 2.4% on a like-for-like basis and 3.6% on a total basis in the past 12 weeks boosted by the Easter break, the BRC – KPMG Retail Sales Monitor April 2017 has revealed
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NewsMedia Bites 9 May: Co-op Bank, Premier Foods, UK retail sales
The Co-operative Bank is set to admit that a sale of its business has faltered, increasing the chances that its American hedge fund owners will have to plough more capital into the bank.
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NewsMults record the best growth since 2013 as discounters power on
The UK grocery market posted its best growth figures since 2013 over Easter
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NewsRedchurch Brewery seeks an extra £500k in crowdfunding
The brewer is seeking £400k for 7.4% equity on Crowdcube
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NewsMark Thorpe named CEO of KP as Bunker departs
Outgoing CEO Nick Bunker joined from Kraft Foods five years ago
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NewsCity snapshot: Morrisons reports 3.4% first quarter like-for-like sales jump
Morrisons’ like-for-like sales has risen by 3.4% in the 13 weeks to 30 April – its sixth consecutive quarter of like-for-like growth. Plus, Kerry Group confirms full year expectations after solid first quarter, Carlsberg’s revenues up 4% in first quarter, Sainsbury’s shares plunge and all the latest news from the City
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NewsMedia Bites 4 May: P&H, Sainsbury's, M&S
Britain’s biggest tobacco distributor Palmer & Harvery is to be put up for sale just weeks after sealing a financial rescue package