Finance news – Page 362
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NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
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NewsMedia Bites 6 March: Processed foods, Retail sales, UK Farming
A government health agency has said that that calorie intake of processed foods must be reduced by 20% by 2024
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NewsFood growth drives 0.6% monthly increase in retail sales
Retail sales were up 0.6% in February, according to the BRC/KPMG Retail Sales Monitor, with strong food sales wholly responsible for overall growth.
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NewsStores returning to normal after Beast from the East chaos
The Co-op said it had to close 10 stores for ’a short period’ as supermarkets and convenience stores return to normal trading
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NewsM-commerce helps drive soaring UK online retail sales
Marks & Spencer saw 6% growth in online sales in the past year
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NewsFourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
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NewsMedia Bites 5 March: Morrisons, 2 Sisters, Lucozade Ribena Suntory
Morrisons is facing a potential £100m equal pay compensation claim from hundreds of its staff, who believe that they have been underpaid compared with colleagues.
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NewsBakkavor spearheads global growth with US and China factories
Newly listed Bakkavor is plotting a global expansion push after posting solid maiden results
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NewsNo evidence of serious hygiene breaches at 2 Sisters says FSA
There was no evidence of regulatory breaches serious enough to prompt enforcement action beyond verbal warnings, reports FSA
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NewsAB InBev toasts strong fourth-quarter results
The City was toasting AB InBev after it surprised the market with far stronger fourth-quarter results than expected
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NewsCrowdfunding targets hit by two brands
Two retail brands have smashed through their crowdfunding targets
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NewsMackie's profits hit by 250% rise in price of cream
Growth in chocolate bar sales as well as exports to the Far East helped ice cream maker Mackie’s grow sales
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NewsBrexit vote hits Bon Bon Buddies profits
Welsh confectioner Bon Bon Buddies fell to a pre-tax loss last year, blaming the Brexit vote
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NewsCity snapshot: US brief for Aldi UK boss Matthew Barnes
Aldi UK boss Matthew Barnes has been promoted to a new role at the Aldi South group, overseeing its growing US business as well as UK and Ireland. Plus, fast-growing fresh ingredients supplier Freshcut Foods has sold a majority stake to private equity player Perwyn and all the latest news from the City.
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NewsMedia Bites 2 March: AB InBev, Carrefour, Tobacco
The world’s biggest brewer AB InBev reported a 64% increase in full-year net profits, boosted by savings from its SABMiller acquisition and a rebound in Brazil
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NewsBusiness bosses give guarded welcome to Corbyn customs union plan
FDF and CBI give thumbs up to stance that puts clear water between Labour and Tories over post-Brexit trade
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NewsTotal Produce reveals profit jump in preliminary results
Pre-tax profits were up 43.2% to €72.5m (£64.3m) in the year to 31 December 2017
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NewsFreshcut gets growth cash in Perwyn PE deal
Fast-growing fresh ingredients supplier Freshcut Foods has sold a majority stake to private equity player Perwyn, The Grocer can reveal.
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NewsCity snapshot: Strong end to the year boosts AB InBev
AB InBev is toasting a solid performance in 2017, with fulll-year and fourth quarterly revenue growth of 5.1% and 8.2% respectively and strong bottom-line growth.
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NewsMedia Bites 1 March: Tesco/Booker, Unilever, Bakkavor
Stories this morning include shareholders backing the £3.7bn Tesco acquisition of Booker, Unilever boss Paul Polman’s pay and Bakkavor’s annual results.