Finance news – Page 405
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NewsMedia Bites 21 Aug: Tesco/Booker, Moy Park, Heineken
Competition investigators have been attacked for failing to adequately tackle Tesco’s proposed takeover of wholesale giant Booker.
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NewsTesco Extra store in Bristol snapped up for £28.5m by supermarket investment firm
Property investment firm Supermarket Income REIT, which floated on the London Stock Exchange in July, has purchased the freehold of a Tesco Extra store in Bristol for £28.5m.
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NewsCarlsberg bottom line growth compensates for volume slump
A worse than expected sales volume slump was accompanied by stronger than forecast progress on the bottom line
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NewsCastle Dairies returns to double-digit growth
Welsh butter producer returns to double-digit growth as investment in its factory pays off and exports to Europe rise
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NewsCity snapshot: UK food and drink exports jump 8.5% in first half
Overall exports of all UK food & drink in the first half of 2017 grew to £10.2bn, up 8.5% on the same period last year, driven by booming sales to South Korea and China.
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NewsMedia Bites 18 Aug: Asda/Walmart, Unilever, Exports
Asda has finally delivered a quarter of like-for-like sales growth after three years of falling sales.
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NewsSouth Korea and China increase food & drink imports from UK
A boom in food & drink exports to South Korea - as well as continued strong sales to China - has provided light on the horizon for those hoping to see non-EU trade surge in the wake of Brexit.
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NewsFlorette snaps up prepared salad site in Lancashire from William Jackson
Fresh produce supplier Florette has acquired the Lancashire site of MyFresh Prepared Produce from the William Jackson Food Group for an undisclosed sum.
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NewsAsda posts first sales growth since 2014
Second quarter sales were up 1.8%, fuelled by a successful Easter trading period
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NewsBrits cutting back on grocery spend as Brexit squeeze hits
Three in 10 have switched to cheaper grocery brands to combat effects of inflation, a new survey has found
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NewsSouthern Salads collapses after feeling Brexit effect
Supermarket salad supplier Southern Salads has collapsed, with the loss of 260 jobs, after being squeezed by the weak pound and higher import prices for its produce sourced from Europe
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NewsMedia Bites 17 August: Carlsberg, Poundland/Toblerone, Argos, Amazon, Brexit
Danish brewer Carlsberg revealed it had lifted profits and revenues in its first half but volumes had declined; Poundland claims Toblerone’s shape not distinctive enough to be valid trademark; Argos shamed over pay; Amazon to create more UK jobs as it faces US backlash; and the UK government publishes a position paper on the Irish border.
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NewsCity snapshot: Weak pound pushes Southern Salads over the edge, with 260 job losses
Supermarket fresh salads supplier Southern Salads has fallen into administration after being squeezed by the slump in value of sterling following the EU referendum in June 2016. Plus, Australian wine producer Treasury Wine Estates reports full-year results.
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NewsYoung’s Seafood third quarter sales rise on contract wins
Young’s Seafood delivered double-digit third quarter sales growth after winning new contracts and growing sales in both frozen and chilled goods.
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NewsReal Good Food secures £2m bank overdraft to plug short-term funding hole
Struggling Real Good Food has agreed a £2m bank overdraft to plug a hole in its finances following a profits warning and a board shake-up earlier this month.
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NewsP&G takes Edgewell to court over alleged patent infringement
The case focuses on Edgewell’s three-bladed private label razor cartridge
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NewsNisa reports 21% boost in Heritage chilled ready meal sales
Range of 27 meals has established itself as a “firm favourite” over the past year
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NewsCentral Convenience Stores MD & commercial director to depart
Former BP trading director Andy Davis will join as chief convenience officer
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NewsCity snapshot: Price rises drive Carlsberg's 2% first half sales growth
Carlsberg has reported a 2% rise in first half organic sales despite a fall in beer volumes as higher prices supported its overall sales. Plus the pound slides to close to an eight year low against the euro after yesterday’s CPI figures and all the latest news from the City.
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NewsMedia Bites 16 August: Brexit, Danone, Nestlé
The UK government’s proposals for an interim deal with the EU, including a possible temporary customs union, to make sure overseas trade with the continent continues smoothly is the main news in the papers this morning.