All articles by Alec Mattinson – Page 183
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NewsNestlé to pay up to €100m to sell child milk allergy test
Nestlé will pay €10m upfront to help fund the development of the patch test
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NewsMedia Bites 31 May: Sainsbury's, Tesco, BHS
The weekend’s major news in terms of the grocers was the UK Competition and Markets Authority announcing it is considering launching an investigation into the £12.4bn takeover of Home Retail Group by Sainsbury’s.
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NewsFerrero UK losses escalate to £16m as it targets choc top spot
Chocolatier Ferrero has suffered an escalation in UK losses after investing heavily in its quest to grow sales
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NewsCity snapshot: Profits plummet at smoothie maker Innocent
Profits have plummeted at smoothie maker Innocent Drinks as its exit from food products hit trading
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NewsMedia Bites 27 May: B&M Bargains, Tate & Lyle, BHS
“Bargain retailer B&M delivers premium results”, write The Times (£) this morning after the B&M Bargains owner saw sales top £2bn last year.
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NewsUK store openings drive B&M's revenues above £2bn
B&M Bargains owner B&M European Retail saw revenues top £2bn in the year to 26 March 2016, driven by new store openings.
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NewsCity snapshot: Earnings up 5% at Tate & Lyle after year of restructuring
Group sales of £2.4bn were 1% higher than the prior year
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NewsMedia Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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NewsCity Snapshot: M&S profits drop 19.5% as it steps up convenience roll-out
M&S saw profit before tax drop 19.5% to £483.3m on revenues up 0.8% to £10.4bn
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NewsMedia Bites 25 May: BHS, High Street Sales, Cranswick
The fallout from the BHS administration saga continues to dominate retail headlines this morning.
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NewsHenkell buys remaining 40% shares in Copestick Murray
Henkell & Co has snapped the remaining 40% of UK-based wine distributer Copestick Murray that it does not already own.
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NewsC&C Group signs China distribution deal for Tennent’s
Beer and cider producer C&C Group continues to ramp up its growth in Asia with the announcement of its fourth distribution partnership in the area.
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NewsCoca-Cola Enterprises shareholders back European merger
Shareholders in Coca-Cola Enterprises have backed the deal to create a new European bottling giant by merging CCE with Coke bottling operations in Spain and Germany.
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NewsCity snapshot: Poultry acquisitions boost earnings at Cranswick
Revenue for the year to 31 March rose by 6.6% to £1.07bn with comparable volumes up 12% in the year
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NewsMedia Bites 24 May: BHS, John Lewis, Stock Spirits
The major retail business news this morning is the accusation that Sir Philip Green’s Arcadia Group knew that the buyer of BHS “had a history of bankruptcy” before the sale of the retailer.
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NewsSlowing Chinese economy hits Aquatic Foods Group
Chinese seafood company Aquatic Foods Group has reported a 7% drop in first quarter revenues reflecting the pressures of the stalling Chinese economy.
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NewsActivist shareholder wins board battle with Stock Spirits
An activist shareholder has succeeded in installing two new non-executive directors on the Stock Spirits board against the wishes of the current leadership team after other shareholders backed the move at its AGM today.
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NewsCity Snapshot: Stock Spirits faces AGM crunch time
Under pressure Eastern European drinks group Stock Spirits will face rebel investors at its AGM
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NewsMedia Bites 23 May: M&S, Tesco, ABInBev
Marks & Spencer’s new boss Steve Rowe is set to reveal on Wednesday his plans to breathe life into the company’s struggling clothing division on Wednesday.
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NewsCity snapshot: Booker profits up despite like-for-like sales slip
Operating profit (before exceptional items) was up 11% to £155.1m