Finance news – Page 408
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NewsKraft Heinz quarterly sales slide again as bottom line improves
Kraft Heinz (KHC) reported another increase in quarterly earnings, but the 3G Capital-owned group shows little sign of addressing its falling sales.
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NewsCity snapshot: Karro Food Group sales surge past £500m ahead of CapVest deal
Karro Food Group has posted a jump in full year sales and profits, cementing its turnaround in the run up to the £180m takeover by CapVest in March. Plus, Kraft Heinz’ second quarter sales slide again, fashion sales slump on the high street and all the rest of the latest news from the City.
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NewsMedia Bites 4 Aug: Mondelez, Green & Blacks, Worldpay
Mondelez investors are wondering whether history will repeat itself with the company being put back in play now that a chief resistant to activist pressure is heading for the exit.
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NewsP&G countering Peltz with acquisitions plan
P&G signalled in a call to analysts it is stepping up efforts to grow revenues
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NewsCost savings drive Kellogg’s profit improvement as sales continue to slide
Kellogg’s has posted a 6.9% rise in comparable second quarter operating profit despite another slump in net sales.
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NewsFruit Bowl kids' snacking brand falls into the red
Revenues in the nine months to 30 September 2016 declined to £9m, compared with £13.9m in year ended 31 December 2015
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NewsC&C spearheads craft drive via recently acquired Orchard Pig
C&C Group is looking to bolster its craft portfolio to tap the growing trend for more premium beers and cider
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NewsKarro looks to build on turnaround under CapVest ownership
Underlying profits at Karro Food Group jumped another 9% in 2016 as the pork supplier added £67m to its top line
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NewsHilton Food Group shares rise on Icelandic speculation
Shares in Hilton Food Group surged on the news it is in pole position to snap up Saucy Fish Co owner Icelandic Seachill
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NewsMedia Bites 3 August: B&M Bargains, Asda, Mondelez, Green & Black's
Further M&A activity in the convenience channel as B&M Bargains buys Heron Foods jockeys for position in the media coverage with tumbling profits at Asda.
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NewsCity snapshot: Hilton Food Group confirms approach for Icelandic Seachill
Tesco red meat supplier Hilton Food Group has confirmed it is in talks to acquire Saucy Fish Co owner Icelandic Seachill, which was put up for sale in April. Plus,
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NewsDirk Van de Put to lead Mondelez as Irene Rosenfeld retires
Van de Put has been CEO at McCain Foods for the last six years…
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NewsShrinkflation hits Stella Cidre as bottles cut by 12%
Supplier AB InBev has reduced Pear and Original bottles from 568ml to 500ml
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NewsCheckoutSmart expands overseas with acquisition of German cashback grocery app Scondoo
Cashback app CheckoutSmart has acquired German mobile shopping reward company Scondoo to extend its reach in Europe.
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NewsAsda to battle falling profits with 'steady improvement'
Like-for-like sales fell 5.7% in the year to 31 December
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NewsB&M Bargains snaps up Heron Foods in £152m deal
B&M said its initial plans to expand and develop the Heron business include opening between 10 and 20 new stores per annum.
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NewsMedia Bites 2 August: McColl's/Morrisons, Greggs, BAT, Impossible Foods
The surprise landmark supply deal agreed by McColl’s and Morrisons is in the spotlight in today’s papers. Plus, Greggs to roll-out drive-through stores and British American Tobacco under formal investigation by the UK’s Serious Fraud Office over claims that it bribed officials in east Africa to undermine anti-smoking laws.
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NewsCity snapshot: Irn-Bru revamp boosts AG Barr sales but margins squeezed
A revamp of Irn-Bru helped push sales at AG Barr up 8% to £136m in the first half
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NewsGreggs to roll out drive-throughs nationwide after successful trial
It also hinted at the possibility of a future trial of home delivery or click and collect service
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NewsReal Good Food shares collapse on profit warning and accounting issues
Shares in Real Good Food crashed more than 30% after accounting issues forced the cake decoration business to issue a profits warning, with EBITDA to be £3m lower than expected.