All articles by Alec Mattinson – Page 195
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NewsMedia Bites: UK retail sales, WH Smith, Keurig
Most of the papers this morning have a story about the failure of Black Friday to boost retailers’ sales figures.
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NewsMorrisons exits FTSE 100 as share price continues to fall
After clinging on by its fingernails this year, Morrisons finally succumbed to the weight of its falling share price
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NewsStatestrong secure as Croatian group Wachem steps in
The Lancashire-based health and household goods company has been rescued from administration by Croatian consumer products
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NewsSABMiller confirms Peroni, Grolsch and Meantime are for sale
SABMiller confirmed to the market this morning that AB InBev intends to explore sale of its premium European brands
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NewsMedia Bites 3 Dec: Tesco, Greene King, British American Tobacco
Losses at Tesco’s Giraffe restaurant business have ballooned to £4.1m after it opened new outlets and wrote down the value of some existing sites
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NewsTesco's Dunnhumby records 9% profits drop despite acquisition-driven revenue growth
Tesco’s data arm Dunnhumby has reported a 9.1% fall in full-year pre-tax profits for the year to 28 February 2015, despite acquisitions driving 27% growth in revenues.
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Analysis & FeaturesMorrisons FTSE blow would not derail Potts’ recovery plan
The ejection will tell us more about the state of the UK grocery market than it does about Morrisons’ own recovery prospects
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NewsRugby World Cup boosts Greene King off-trade sales
Greene King’s take home volumes grew by 12.4% in the 24 weeks to 18 October as the Rugby World Cup boosted sales of Speckled Hen.
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NewsMorrisons teeters on the verge of FTSE 100 demotion
Morrisons (MRW) is facing a further share price slump if it is demoted from the FTSE 100 index after hitting a new 12-month share price low yesterday.
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NewsCity snapshot: Emperador expands European footprint with Beam Suntory deal
Philippines-based spirits group Emperador has agreed to buy Beam Suntory’s Spanish brandy and sherry businesses, including Harveys, for €275m. Plus Morrisons on the verge for FTSE 100 exit and all the latest news from the City.
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NewsMedia Bites 1 Dec: Cyber Monday, Emperador, Morrisons
Sales on Cyber Monday were expected to have risen by 31% on last year, but to have still fallen short of the record £1.1bn spent on Black Friday.
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Analysis & FeaturesAB InBev’s willingness to shed Peroni and Grolsch shows where its priorities lie
It’s no secret that a combined AB InBev and SABMiller will be forced to sell-off a number of brands to get the deal past various regulators, but news that top European brands are potentially being lined up for sale comes as more of a surprise.
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NewsCity snapshot: Cranswick shares boosted by strong pork sales
Cranswick has reported a pre tax profit increase of 22% in the six months to 30 September after a strong rise in pork sales, plus the market reacts to the low key Black Friday and the week ahead in the City.
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NewsMedia Bites 30 Nov: AB InBev/SABMiller, Cyber Monday, Black Friday
AB InBev is to put Peroni and Grolsch up for sale as it tries to “squeeze” a £177bn merger with SAB Miller past EU regulators. Plus the latest coverage of Black Friday and Cyber Monday.
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NewsR&R Ice Cream revenues up 17.3% for first nine months
Revenues at R&R Ice Cream were up 17.3% in the nine months to 30 September as last year’s acquisition of Peters boosted sales.
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NewsCity News: Greencore shares rebound on sandwich growth
Greencore continues to surf the wave of the UK food-to-go boom as another big jump in sandwich sales underpinned its 5.2% sales rise to £1.34bn for the year to September 25 this week.
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NewsTesco settles US legal case for $12m
Tesco has announced this morning it has settled the class action law suit brought in New York by US investors
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NewsMedia Bites 26 Nov: Black Friday, Business rates, Britvic
The papers are still churning out new angles on tomorrow’s supposed sales extravaganza as we head into Black Friday.
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Analysis & FeaturesWhat’s in the Autumn Statement for the food and drink industry? Your quick guide
Tax credits climbdown aside, the statement was more upbeat than recent versions
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NewsGreencore to extend food to go facilities amid booming sales
Greencore has announced the opening of a further £12m investment in its Northampton food to go base to open a new facility to cope with stronger than expected volumes.