Finance news – Page 425
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NewsBuoyant Booker defies Tesco deal distraction talk
Tesco’s proposed £3.7bn takeover of Booker has not distracted the wholesale giant as it delivered a 15% growth in pre-tax
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NewsWhitworths bailed out in £15m takeover by Turkish supplier
New Turkish owner Anatolia is “well aware of the challenges facing Whitworths”
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NewsMedia Bites 19 May: Asda, Marston's, Mintel
Asda’s tentative recovery in its QI results was the main talking point of this morning’s papers …
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NewsFeel Free collapses as questions raised over finance history
The directors of gluten-free food maker Feel Free are facing bankruptcy proceedings
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NewsCity snapshot: Feel Free directors facing bankruptcy proceedings
The directors of gluten-free food maker Feel Free, which raised hundreds of thousands of pounds via crowdfunding, are facing bankruptcy proceedings .. while new Turkish owner Anatolia is confident it can turnaround struggling dried fruit and nuts supplier Whitworths, plus all the other city news
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NewsDairy Crest profits rise 5% despite sales slump
CEO Mark Allen describes interim results as a ‘robust performance in a tough market’
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NewsAsda sales fall 2.8% but Clarke insists fightback momentum is building
Parent company Walmart released its figures for the first quarter of 2017 today
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NewsPoultry sales help boost Moy Park revenues by 6.6%
Quarterly results posted by the JBS-owned processor this week showed year on year revenue growth of £22.9m to £370.4m
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NewsCity snapshot: Booker profits up 15% ahead of Tesco buyout
Tesco-bound Booker saw pre-tax profits rise 15% in its full financial year, driven by rising non-tobacco like-for-like sales growth. Plus, all the rest of the latest news from the City
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NewsMedia Bites 18 May: Nestlé, Co-op, Coca-Cola
Nestlé has been foiled once again in its long-running bid to trademark the shape of KitKat, its four-fingered wafer bar.
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NewsFourpure brewery invests £2m in production expansion plan
The move will allow the London business to install a four-vessel Craft-Star brewing system
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NewsThe Co-op links up with MRH for first-ever franchise deal
Seven new convenience stores will open over the course of the year with Co-op brand and own-label products
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NewsMedia Bites 17 May: Premier Foods, Dalton Philips, Tesco, Lavazza, inflation
Premier Foods is in focus in this morning’s papers after publishing annual results yesterday. Plus, former Morrisons boss Dalton Philips takes control of Byron Burger as its new chief executive leaves after just five months.
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NewsCity snapshot: Cider maker C&C slumps to a loss in 'challenging' year
Magners and Bulmers owner C&C Group has slumped to a loss as revenues declined by more than £100m and it was hit with exceptional charges totalling more than €150m
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NewsSpar UK retail sales grow 8.5% to £2.84bn
Growth was fuelled by increase in retailer numbers, fresh marketing and focus on food service
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NewsMoy Park revenues up 6.6% in first quarter
Northern Irish poultry supplier Moy Park has reported a 6.6% jump in first quarter revenues, according the newly published accounts from its parent company Brazilian meat giant JBS,
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NewsStefano Agostini is new CEO of Nestlé UK & Ireland as Fiona Kendrick steps down
Kendrick will continue in her role as chairman to provide strategic support to the Swiss confectionery giant
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NewsWhitworths snapped up by Turkish wholesaler Anatolia
The merger between Anatolia and Whitworths, which creates one of Europe’s largest dried fruit, nut and seeds businesses, is the final step in a trading relationship dating back 38 years.
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NewsCity snapshot: Premier Foods lowers growth target and ups cost savings drive
Premier Foods (PFD) is shifting its strategy away from focussing on revenue growth to a more ’balanced approach’ after full year underlying sales slipped 1.4%
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NewsMedia Bites 16 May: FeverTree, Booths, Food waste
Posh tonic maker Fever-Tree hits £2bn after meteoric three year rise – but are shares about to peak, asks The Daily Mail?