Finance news – Page 336
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NewsMedia Bites 20 July: Retail sales, Poundworld, Unilever
The World Cup and heatwave has fuelled a drink and food supermarket sales surge, representing the highest growth since 2001.
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NewsRemaining Poundworld stores scheduled for closure
The distribution centre in Normanton is to close tomorrow (20 July) and the remaining stores by 10 August
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NewsDavid Salkeld takes senior role at former Unilever spreads business Upfield
The FMCG veteran will run Upfield’s north west Europe, Eurasia and Australia/New Zealand operations
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NewsCity snapshot: Brazil truckers strike hits Unilever's Q2 growth
Unilever has posted underlying sales growth of 2.5% in the first half of the year after organic growth slowed to 1.9% in the second quarter, excluding its spreads business. Plus, strong Vimto sales boost Nichols’ first half, trading updates from Hilton Food Group and Science in Sport and all the rest of the latest news from the City.
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NewsMedia Bites 19 July: Premier Foods, Hotel Chocolat, Plastic packaging
Embattled Premier Foods chief executive Gavin Darby narrowly survived a vote to oust him at a torrid annual meeting
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NewsIntersnack buys Popchips through KP snacks
KP has bought Popchips Ltd for an undisclosed sum from parent company Popchips Inc, which will continue to run the brand outside Europe
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NewsPremier Foods CEO Gavin Darby survives re-election vote
Premier Foods boss Gavin Darby has narrowly survived an attempt by an activist shareholder to oust him at the group’s annual general meeting today.
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NewsLidl reports highest ever footfall levels during World Cup
Saturday 30 June was Lidl’s second busiest day ever
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News261 jobs at risk at Asda over closure of home shopping centre
Asda said the move was down to limitations for modernisation at the Enfield site
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NewsCity snapshot: Premier Foods' growth slows ahead of crunch AGM
Premier Foods has announced first quarter sales growth of 1.7% ahead of a crucial shareholder vote on the future of CEO Gavin Darby later this morning. Plus, Hotel Chocolat Group grows revenues by 12% in the year to 1 July 2018, M&S signs energy supply deal with Octopus, Real Good Foods to raise £1m from investors and all the rest of the latest news from the City.
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NewsMedia Bites 18 July: Asda, Poundworld, Premier Foods, Greene King
Supermarket giant Asda has put 261 jobs in the firing line over plans to axe a home delivery packing centre in North London.
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NewsNestlé and JAB looking to buy Italian coffee maker Illy
Illy has rebuffed interest following approaches from JAB holding and Nestle, who have both made acquisitions in the category recently, according to Bloomberg
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NewsCompetition authorities in France to probe Tesco-Carrefour
The move comes as the UK’s Competition and Markets Authority gear up to investigate a proposed merger between Asda and Sainsbury’s
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NewsSoft drinks sugar tax has affected 326 suppliers
Tax bosses declined to confirm how much had been collected so far by the so-called sugar tax
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NewsRaft of leadership changes at Pernod Ricard UK as CEO announces departure
Pillet will remain in his post until 1 January 2019
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NewsClearly Drinks acquires supplier Powerful Water Company
The acquisition is the first major move by the Perfectly Clear water manufacturer after it was bought by private equity last year
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NewsCity snapshot: Air travel underpins 7.3% third quarter sales rise for SSP Group
Travel retailer SSP Group has grown sales by 7.3% in the third quarter, with like for like growth of 2.7% in the period. Plus, key brands grow 6% at Dairy Crest in the first quarter and all the rest of the latest news from the City.
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NewsMedia Bites 17 July: Tesco/Carrefour, Premier Foods, M&S
Tesco’s cross-Channel food purchasing alliance with Carrefour could be called into question after the French antitrust authority opened an investigation into the impact of such tie-ups
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NewsBrexit import costs could lead to higher prices and less choice: Arla
Many dairy products could become a luxury after Brexit, according to a new study by the dairy co-op and the LSE
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NewsWH Smith Travel stores to trial Sainsbury’s food to go lines
The nine-store trial is set to kick-off next week