Finance news – Page 334
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NewsMedia Bites 2 Aug: The Co-op, AG Barr, Plastics
The Co-op Group is exploring the sale of its general insurance operations for about £300m amid accelerating changes to the industry’s distribution model.
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NewsHot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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NewsMedia Bites 1 Aug: Greggs, Food inflation, P&G
Bakery chain Greggs reported a rise in sales yesterday despite a challenging high street and extreme weather conditions, driven by growth in its breakfast and healthier choices ranges
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NewsTotal Produce's $300m investment in fruit giant Dole cleared
The deal, which was first agreed in February, was completed following approval from the European Commision
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NewsFCA opens crowdfunding consultations after witnessing "poor practice"
The regulator says changes it has proposed are designed to address the ways that loan-based crowdfunding has developed and can be improved
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NewsHotel Chocolat signs deal to develop Scandinavian presence
New franchise stores to open in Sweden, Norway and Finland
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NewsCity snapshot: Hot weather hits first half trading at Greggs
Food to go bakery chain Greggs has reported a slowdown in first half like-for-like sales and a drop in profitability as hot UK weather and falling footfall hit performance. Plus, UK food to grow drives 8.1% pro forma third quarter sales rise at Greencore, first half sales up and profits down at Just Eat and all the rest of the latest news from the City.
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NewsMedia Bites 31 July: Lidl, Heineken, Brexit agriculture
Lidl is planning to lead the development of more than 3,000 homes and a primary school in the discount supermarket’s latest tactic to secure planning permission for a flurry of new stores around London
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NewsMenzies Distribution sold to PE firm Endless
Deal is pending shareholder and competition approval
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NewsHeineken cuts profit forecasts after Brazil expansion
Heineken, the world’s second largest brewer, has forecast a drop in profitability after expanding quicker than predicted in Brazil.
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NewsMedia Bites 30 June: Brexit, Marks & Spencer, Discounters
Supermarkets have asked suppliers to begin contingency planning in case Britain crashes out of the EU with no deal, prompting some to consider stockpiling goods
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NewsLotus Bakeries buys Kiddylicious to expand snack business
Kiddylicious, which was launched by former M&S food scientist Sally Preston in 2009, sought a sale as it looked to expand the brand internationally, as reported by The Grocer
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NewsElisabeth the Chef lowers losses after Country Style takeover
A reversal of asset impairment helped to significantly reduce exceptional costs
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NewsMcColl's profits suffer after P&H collapse disruption
Pre-tax profits for the six months to 27 May felll to £2.3m as supply costs increased
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NewsMedia Bites: Nestlé, Diageo and stockpiling food
Shares in Switzerland’s Nestlé rose yesterday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the world’s largest food and drinks group
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NewsCity snapshot: Reckitt Benckiser ups sales targets after baby formula growth
Durex and Clearasil maker Reckitt Benckiser (RB.) lifted sales targets after half-year revenues were boosted by its acquisition of Mead Johnson, Danone’s growth slows after consumer boycotts in Morocco, and the rest if this morning’s finance updates
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NewsKiddylicious seeking sale to boost global growth
The Kids Food Co is working with corporate finance boutique Stamford Partners on seeking external investment to drive its ambitious international expansion.
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NewsSecond quarter sales up 4.7% at AB InBev despite US slowdown
The world’s largest brewer AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing as volumes grew by just 0.8% in the quarter.
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NewsCity snapshot: Nestlé reports first half organic growth of 2.8%
Swiss food giant Nestlé has reported it is on course to hit full year growth targets after reporting organic growth of 2.8% in the first half. Plus, on a hectic morning, AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing, Diageo announces 0.9% full year sales growth and new share buyback, updates from British American Tobacco and PayPoint and all the rest of the latest news from the City.
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NewsMedia Bites 26 July: UK Retail, Sainsbury's/Asda, Coca-Cola
Nearly a fifth of British retailers are planning to cut the number of people they employ in the next three months as the high street continues to suffer from rising costs and a shift to buying online