Finance news – Page 319
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NewsMedia Bites 26 Oct: AB InBev, Amazon, Patisserie Valerie
The world’s largest brewer Anheuser-Busch InBev cut its dividend in half and reported weak third-quarter profits hit by slower sales in key markets.
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NewsOne Stop credits like-for-like growth to own-label relaunch
Tesco-owned One Stop grew like-for-like sales by 5% last year as the 2017 re-launch of its own label range boosted sales at the convenience chain.
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NewsEnergy drink effect on kids overstated, says government report
The government is currently consulting on whether to ban the sale of energy drinks to children
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NewsCity snapshot: Global brands drive 4.5% third quarter growth at AB InBev
The world’s largest brewer AB InBev grew revenues by 4.5% in the third quarter driven by strong growth in its global beer brands. Plus, C&C Group reports tripling of first half sales and Kerry Group makes two acquisitions
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NewsMedia Bites 25 Oct: Patisserie Valerie, Heineken, Gourmet Burger Kitchen
The owner of Patisserie Valerie has fought off a winding-up petition against its principal trading subsidiary as the cake shop and cafe group continues to battle for survival.
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NewsKerry Foods jobs 'at risk' after losing major Tesco contract
Tesco to change supplier for all its Indian and Oriental ready meals
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NewsUnilever and Veolia link to create plastic 'circular economy'
Veolia will help Unilever implement used packaging collection and add recycling capacity
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NewsHot weather in Europe drives Heineken third quarter sales growth
Heineken benefitted from the hot summer, as it posted 4.6% organic sales growth driven by the continued strong performance of its Heineken brand lager.
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NewsMedia Bites 24 Oct: Ocado, Iceland, McDonald's
Ocado suffered its heaviest one-day loss ever as more than £575 million was wiped off its market value
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NewsJohnson & Johnson makes $2bn offer for Japan’s Ci:z Holdings
US consumer giant Johnson & Johnson has announced it has made a US$2bn offer to buy the 80% of Japanese skincare group Ci:z Holdings is does not already own.
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NewsMcDonald's shares jump 6% after sales growth beats expectations
Shares rise at the US fast-food giant after it beat global sales expectations following menu price increases.
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NewsHeart of England Co-op reports 7% sales jump
The growth comes despite the society pointing to a tough trading environment
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NewsThe Authentic Food Co to close Dundalk factory with up to 170 job losses
The Manchester-based world food producer has appointed liquidators for its Irish manufacturing arm
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NewsWhitbread posts 2.5% first half profit rise after Costa sale agreement
Whitbread recorded a modest rise in profits in the first half of the year, after agreeing to sell the Costa coffee chain to Coca-Cola.
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NewsMedia Bites 23 October: Morrisons, Patisserie Valerie, Meat alternatives
Morrisons has failed to overturn a court decision that it should compensate thousands of workers after a disgruntled colleague posted payroll information about 100,000 staff online
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NewsMagic Rock Brewing invests in canning lines after securing £850k funding
Yorkshire craft brewery has upgraded its production lines after funding was facilitated by HSBC UK and HSBC Asset Finance
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NewsPhilip Morris spends £2m encouraging smokers to quit
Health campaigners accused the tobacco giant of hypocrisy
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NewsCity snapshot: B&M acquires French discount chain Babou for €91.2m
B&M Bargains owner BME European Value Retail has agreed to buy French general merchandise retailer Babou. Plus, Casino owner Rallye has has received an offer for its Courir sports business from private equity group Equistone Partners.
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NewsMedia Bites 22 Oct: Patisserie Valerie, Ocado, Tesco
A law firm is canvassing Patisserie Valerie investors in the hope of launching legal action following the discovery of a near-£40m hole in the cafe chain’s books.
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NewsHome Bargains reports second year of double-digit growth
Accounts for the full year to 30 June 2018 reveal sales rose 14.6% to £2.1bn