All articles by Ed Devlin – Page 189
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City snapshot: Sainsbury's profits slump 18% as price war bites
Sainsbury’s underlying pre-tax profits have fallen almost £70m to £308m in the first half as the supermarket invested heavily in lowering prices. Plus, AB InBev agrees terms with SABMiller for £71bn takeover and Real Good Food profits from Napier Brown sale.
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Premier Foods share price sweetens as investment in brands pays off
Shares in Premier Foods have this morning rocketed up by 21% after the grocery supplier increased quarterly branded sales
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City snapshot: Premier Foods grows branded sales for first time in two years
Premier Foods has posted the first quarterly increase in branded sales for two years this morning as it announces the introduction of a new brand from Great British Bake Off judge Paul Hollywood.
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City Snapshot: Adelie close to taking a bite of sandwich filling firm Freshpak
The Grocer this morning has an exclusive story about Urban Eat owner Adelie circling a £68m-turnover Yorkshire-based sandwich filling supplier.
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Media Bites 6 November: Morrisons, Tate & Lyle, Dairy Crest
The papers pick over the bones of another dire quarterly performance by one of the big four supermarkets this morning
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Adelie sandwich empire set to add Freshpak Chilled Foods
The deal hungry food-to-go supplier is in advanced talks to acquire sandwich filling supplier Freshpak Chilled Foods
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Media Bites 4 November: AB Inbev, SABMiller, ABF, Tesco, Imperial Tobacco
AB InBev and SABMiller continue to be the focus of attention as they thrash out details of the £68bn takeover; ABF profits sour on sugar woes but Primark is set to expand in the US; and Imperial Tobacco boss plays down break up rumours.
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City snapshot: M&S food business drives sales growth in first half
Marks & Spencer has increased sales 1.4% to £5bn in the first half, mainly thanks to continuing growth in its food business
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Kellogg sales and profits hit by strong US dollar
Profits at Kellogg Co slumped more than 8% in the third quarter as sales at the US cereal manufacturer missed expectations
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Kerry shares slip despite rising volumes
Kerry Group has increased volumes in the third quarter as its ingredients business made strong gains in Asia and the consumer foods division shrugged off challenging conditions.
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Media Bites 3 November: IRI, M&S, Molson Coors, Heck Food
More than half of all goods sold in the UK are on some kind of promotion; M&S gets set for another disappointing financial update; Molson Coors is in advanced talks to buy SAB’s stake in American JV; and WHO cancer scare helps Heck sell more sausages.
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City snapshot: ABF sales and profits slip but sugar woes better than feared
Revenues and profits slipped at Associated British Foods as the retail and grocery group struggled with food commodity deflation and significant swings in currency markets.
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Nomad completes £500m takeover of Findus
Nomad Foods has completed the £500m takeover of the European arm of Findus after the deal cleared the relevant anti-trust hurdles.
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151 Products agrees rescue deal for fmcg
Consumer products group 151 Products has acquired the business and assets of Swirl Products, which trades as fmcg, out of administration.
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Drury Tea and Coffee brews up expansion plans
Tea and coffee producer Drury Tea and Coffee has invested in new coffee equipment after securing a £500,000 bank loan.
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City snapshot: Consumer confidence plunges to five-month low in October
UK consumer confidence fell for the second month running in October as shoppers continued to worry
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Media Bites 30 October: CBI, GfK, M&S, Sports Direct
As half-term week draws to a close, a dearth of news in the retail sector leads to a very quiet day in the papers, with stories on the latest CBI and GfK surveys.
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S&A Foods administrators 'hopeful' of finding factory buyer
Administrators at S&A Foods are hopeful of striking a deal to sell the ready meals supplier’s Derby factory…
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Walgreens Boots snaps up US rival as sales and profits rise
Walgreens Boots Alliance has agreed a $17.2bn (£11.2bn) takeover of US rival Rite Aid. It comes as the global pharmacy and health giant filed big jumps in sales and profits for the past year thanks to last year’s mega-merger.
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City snapshot: Disappointing first half for Magners maker C&C
Poor summer weather across Ireland has hit Magners maker C&C Group with revenues and profits falling in its first half.