All articles by Andrew Don – Page 10
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NewsAB InBev explores IPO for Asian business
AB InBev is exploring a potential minority stake listing of its Asia Pacific business on the Hong Kong Stock Exchange as it announced “solid” first quarter sales.
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NewsMedia Bites 7 May: Kraft Heinz, AB InBev, Patisserie Valerie
Kraft Heinz has been forced to restate almost three years of accounts after it uncovered evidence of “misconduct” in its procurement operations.
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NewsNaturelly close to £200k fundraising target on Seedrs
The Altrincham company is offering more than 15% equity, valuing it at £1.1m
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NewsBlocked Asda deal costs Sainsbury’s £46m
Sainsbury’s collapsed merger with Asda cost it £46m in the year to 9 March, contributing to one-off costs that drove a 41% reduction in pre-tax profits to £239m.
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NewsMedia Bites 1 May: Sainsbury’s, Tesco, Mondelez
Sainsbury’s has overtaken Asda to reclaim its place as the UK’s second-largest grocer by market share.
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NewsGrocery sales growth hits 2019 high thanks to bumper Easter
The grocery sector is growing at its fastest rate this year thanks to a record £2.5bn Easter spend when shoppers took home £335m of Easter eggs and seasonal chocolate.
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NewsMedia Bites 30 April: Sainsbury’s, High Street, Whisky
Sainsbury’s has launched the nation’s first till-free grocery store at its Local convenience branch at Holborn Circus, in the City
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NewsZetar confectionery and snacks divisions return to profit
Confectionery and natural snacks maker Zetar has turned a corner after two years of losses.
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NewsJoe & Seph’s wins funds to back push into posh confectionery
Gourmet popcorn brand Joe & Seph’s has clinched new funding from the Business Growth Fund to support the launch of new premium confectionery ranges.
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NewsFever-Tree bosses get bumper pay boost after targets exceeded
The brand’s 2018 performance far exceeded its maximum performance targets
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NewsSugar division woes hold back ABF's first half performance
Associated British Foods has posted a 15% drop in first half pre-tax profits as the plunge in margins at its AB Sugar business hit performance.
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NewsMedia Bites 24 April: Sainsbury’s/Asda, Majestic Wine, Coca-Cola
The Competition and Markets Authority will read the last rites for the proposed Sainsbury’s/Asda merger on 25 April, writes The FT.
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NewsBritish Land sells 12 Sainsbury's superstores to reduce retail exposure
British Land has agreed to sell 12 superstores from its joint venture with Sainsbury’s for £429m to Realty Income Corporation as part of its strategy to reduce its exposure to retail.
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NewsMedia Bites 23 April: Kraft Heinz, Easter footfall, Casino
Anheuser-Busch InBev executive Miguel Patricio will replace Bernardo Hees at the beginning of July as chief executive of Kraft Heinz
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NewsConvenience shopping 'hits a wall' as discounter visits soar
Shoppercentric’s figures show that in December alone two in three UK shoppers used a discounter
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NewsFairway Foodservice to quit Unitas
Fairway has been a member of three different groupings within the past two years
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NewsCentral England Co-op to open nine new convenience stores
As well as new stores, multimillion pound investment plans for this year include a wide-ranging refurbishment programme
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NewsMore than 580 Costcutter stores pass standards test
An independent auditor confirmed 97% compliance among those stocking Co-op own brand products with eight core standards
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NewsSpar retail sales in the UK increase by 2.1%
Sales from the 2,613 Spar stores in the UK recorded sales in excess of £2.9bn
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NewsMFG rejects 'serious' allegations by former MRH operators
MFG did ‘accept there have been genuine challenges that are part of bringing together two very large businesses’