All articles by Ed Devlin – Page 216
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NewsM&S shares soar as food sales grow and clothing turns a corner
Shares in Marks & Spencer have shot up to a new seven-year high as the group revealed it performed ahead of the grocery market in the fourth quarter and reversed 14 straight quarters of declining fashion sales.
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NewsCity Snapshot: M&S fashion sales beat expectations as group makes ‘strong’ progress
M&S has stopped the rot in the general merchandise division, which had declined for 14 consecutive quarters; Tate & Lyle updates investors ahead of final results; Booker chairman to step down; and Diageo makes South African acquisition. Plus all the latest share price movements.
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NewsReal Good Food profit warning sours share price as group mulls Napier Brown sale
Shares in Whitworths owner Real Good Food have fallen off a cliff this morning after the listed group issued a profit warning
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NewsDomaine Chanzy postpones IPO as it misses crowdfunding target
Burgundy wine producer Domaine Chanzy has pulled its plans to launch the first ever crowdfunded float on the London Stock Exchange after failing to hit its fundraising target.
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NewsCity Snapshot: Heineken streamlines executive team in growth bid
Dutch brewer Heineken has announced significant changes to operating structure and its executive team in a bid to reenergise flagging sales. Plus the latest consumer confidence index from GfK and share price movements from the City.
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NewsMedia Bites 31 March: Tesco, M&A, B&Q, Heineken
The Grocer’s exclusive interview with Tesco boss Dave Lewis makes this morning’s papers, alongside news of B&Q store closures, changes to Heineken’s executive team and a strong start for M&A activity.
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NewsTreatt stock jumps on positive first half update
Shares in listed ingredients group Treatt jumped 3% today to 144.7p as it reported “solid” revenue growth in its first-half compared with a year ago, with profits also up.
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NewsFlavourly smashes £300k crowdfund barrier
Flavourly has smashed its £300,000 fundraising target 18 days ahead of the investment deadline on crowdfunding platform Crowdcube.
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NewsCity Snapshot: M&S to slow decline in general merchandise
Results will ease the pressure on CEO Marc Bolland but will still represent the 15th straight quarter of decline for the division
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NewsMedia Bites 30 March: M&S, Kraft Heinz, BHS
M&S expected to post its 15th straight quarter fall in clothing sales; Kraft Heinz Co to lead the pack in auction of Mondelez cheese business, and former Apprentice Contestant wins Tesco deal.
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NewsKraft Heinz Co targets Philadelphia brand and European growth
The soft cheese spread, which is one of eight $1bn-plus brands in Kraft Heinz, is currently owned worldwide by Mondelez
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NewsDrambuie sales suffer as revenues fall in US and Europe
If currency fluctuations were stripped out, it would have meant a 4% rise on the previous year, according to newly filed accounts
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Comment & OpinionKraft Heinz Company creates a murky future for British jobs
Will growth be achieved through cost-cutting, and when will repercussions of the deal be clear?
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NewsHilton revenues fall as prices and currency movements bite
Revenues reduced by 2.3% from £1.12bn to £1.1bn, reflecting a 4.6% unfavourable movement in exchange translation
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NewsCity Snapshot: Hilton Food Group sales slip during year of investment
Hilton Food Group has reported falling sales despite rising volumes as the meat packing company is hit by unfavourable exchange rates
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NewsMedia Bites 25 March: 3G Capital, Kraft, Morrisons
3G Capital is reported to be in advanced talks with Kraft over a potential mega deal
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NewsCity Snapshot: Soaring sales at Fever-Tree
Sales and earnings soar at premium mixer brand Fever-Tree. Plus positive first-half figures send Finsbury Food Group shares upwards, and Dairy Crest’s sale of its dairies to Müller is back in the hands of the CMA.
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NewsMedia Bites 23 March: Asda, Aldi, Greggs
Asda is set to trial a smaller format as it expands in the South; Aldi will expand at twice the rate of rivals in 2015; and Greggs is winning the battle for hearts and minds as a coffee shop.
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News2 Sisters CFO Steve Leadbeater vows chicken group will recover
2 Sisters is a profitable business, despite its £143m loss last year, and remains well on the road to recovery…
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NewsWickwar targets big four after bringing in £550k investment
Wickwar Brewing Company has raised £550,000 after turning to an investor club to fund a major rebrand…