Finance news – Page 407
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NewsSupermarket prices rise at fastest rate for four years
Supermarket prices are growing at their fastest level for almost four years as the pressure on shoppers’ wallets mounts.
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NewsReal Good Food shakes up management following profit warning
Executive chairman Pieter Totte is stepping down after shares in the company crashed by more than 30%
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NewsMedia Bites 10 August: AB InBev, Premier Foods, Unilever, Morrisons, Worldpay
AB InBev has agreed a 50/50 joint venture with Turkish brewer Efes for its businesses in Russia and Ukraine; Premier Foods appoints a new chairman; Unilever bows to investor pressure; Morrisons vows not to adopt fake farm brands; and Worldpay takeover puts jobs at risk.
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NewsCity snapshot: Kerry Group sales growth held back by weak pound
Kerry Group has increased first-half sales by 4.8% to €3.2bn despite a decline in its consumer food division as the weak pound and increased raw material pricing took a toll.
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NewsRaisio’s first half sales slump on UK confectionery troubles
Comparable sales have dropped 17.3% in the first half at Finish food group Raisio as the falling pound and difficulties in its UK confectionery business hit trading.
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NewsUK food-to-go value to grow by a third in five years
Coffee shops and specialists such as Greggs and Subway are set to make the highest gains, says IGD
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NewsPremier Foods appoints Keith Hamill as chairman
Hamill will take over in November from David Beever, who is stepping down from the Premier board after nine years
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NewsMedia Bites 9 August: McDonald's, BAT, Diageo, Worldpay
The papers delve into McDonald’s plans to double the number of stores it has in China; BAT raises $17bn in second largest bond deal of the year; Diageo boss Ivan Menezes’ pay drops; and Worldpay secures £9bn Vantiv deal.
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NewsCity snapshot: Ahold Delhaize feels the benefit of €9.8bn merger as sales and profits grow
Synergies stemming from the €9.8m mega-merger have boosted margins at European food retailer Ahold Delhaize in its second quarter. The group reported a “strong” quarter of sales and profits growth. Plus, Premier Foods appoints a new chairman to replace David Beever; and Stock Spirits Group continues to make progress with turnaround
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NewsTyrrells owner Amplify lowers earnings forecast on UK and US market headwinds
Amplify Snack Brands grew sales by more than two-thirds to break the $100m dollar barrier in its second quarter, but the Tyrrells owner warned full-year growth will be slower than previously forecast due to market headwinds in the US and UK.
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NewsTesco Bank adds card blocking feature to its mobile app
The new feature allows shoppers to block a ‘lost’ card from being used while allowing the account to remain active
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NewsAction on Sugar blasts cereal manufacturer nutrition labelling
The group is calling for consistent traffic-light front-of-pack nutrition labelling on all lines…
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NewsCity Snapshot: Food growth boosts slowing July retail sales
UK retail sales rose by 0.9% year-on-year in July as strong food sales supported weakening overall sales growth, according to the latest BRC-KPMG Retail Sales Monitor. Plus, Pets at Home sees quarter sales rise, Worldpay wants more time to tie-up merger and all the rest of the latest news from the City.
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NewsMedia Bites 8 Aug: Retail sales, Eggs, Tesco, Fairtrade
Higher prices are forcing British families to spend more on food and cut back elsewhere, as imported inflation starts to bite.
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NewsSainsbury's rumoured to be axing over 1,000 jobs at head office
Sainsbury’s is rumoured to be axing more than 1,000 jobs at its head office just one month after Tesco made a swingeing round of redundancies.
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NewsCool Cold Brew coffee startup targets retailers after smashing £100k crowdfunding target
Cool Cold Brew is currently in talks with multiple retailers, including Selfridges and Sainsbury’s, with the aim of winning listings for its new four-strong range next year
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NewsGeary’s Bakeries secures £4.5m funding boost
Supermarket and sandwich manufacturer supplier Geary’s Bakeries is expanding its factory after securing a £4.5m investment package.
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NewsCity snapshot: UK consumer spending slumps to four-year low
UK consumer spending has fallen for the third consecutive month, according to Visa, marking the longest streak of spending decline for over four years. Plus, Worldpay UK boss moves to bookmaker Paddy Power Betfair, Carr’s Group makes acqusition and all the latest from the City
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NewsMedia Bites 7 Aug: Sainsbury's, P&H, Business rates
Sainsbury’s is preparing to shed as many as 1,000 jobs as it gears up for the next phase of its cost-cutting drive.
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NewsSubway hits 2,500 stores with Fresh Forward opening in Keynsham
Subway plans to have 3,000 UK and Ireland outlets by 2020…