Finance news – Page 430
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NewsTiptree profitability dips amid “uncertain” post-Brexit world
The owner of jam and marmalade maker Tiptree has reported a reduction in full-year gross profitability as the post-Brexit rise in input costs hit its margins.
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NewsTroffle kicks off crowdfunding pitch for expansion capital
Handmade chocolate start-up Troffle has launched a crowdfunding campaign on KickStarter to raise £20,000 to help the business expand.
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NewsBottling restructure costs hit Coca-Cola’s first quarter earnings
Coca-Cola’s first quarter earnings dropped by 20% amid a double-digit sales decline and high than expected costs relating to the restructuring of its bottling operations.
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NewsHelloFresh nearly doubles revenue and reduces losses by 20%
The recipe box company posted a 96% year-on-year increase in revenue to over £500m for 2016
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NewsSugar levy to be pushed through parliament before general election
Sources expect the levy to go through the Commons today and Lords tomorrow, and to receive Royal Assent by 2 May
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NewsSoulmate Food acquired out of administration
Online healthy food delivery company Soulmate Food has been bought out of administration by its management, securing all 43 jobs.
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NewsConnect Group reports 4.8% fall in interim pre-tax profits
The group posted a pre-tax profit of £23.3m for the six months to 28 February 2017
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NewsNestlé to cut 300 UK jobs and move Blue Riband production to Poland
The confectionery giant’s Fawdon site is set to be among the most heavily affected by the proposed changes
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NewsCity snapshot: Double-digit Costa sales rise boosts Whitbread’s annual profits
Annual pre-tax profits were up 6.2% at leisure group Whitbread as 10.7% total growth in its Costa Coffee chain boosted performance - however the shares have plunged as the group undershot City expectations
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NewsMedia Bites 25 April: Whole Foods, M&S, BHS
Albertsons, the US supermarket operator controlled by buyout group Cerberus Capital Management, is exploring a takeover of high-end grocer Whole Foods Market.
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NewsManiLife peanut butter start-up hits £100k crowdfunding target in 35 minutes
Peanut butter start-up ManiLife has blitzed its £100,000 crowdfunding target in less than an hour
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NewsTen Acre Crisps sees exports to Japan almost double
The British brand received an order from Japanese distributor Kewpie for 1,250kg of crisps last week
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NewsChapel Down reports 'excellent' growth despite EU uncertainty
Producer left untouched by Brexit uncertainty, according to accounts
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NewsCity snapshot: Consumer confidence softens amid rising cost pressures
Consumer confidence is taking a bashing as rising costs squeeze disposable income, according to Deloitte.
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NewsMedia Bites 24 April: Weetabix, sterling, economy, Whitbread, M&S, Reckitt Benckiser
The boss of Post moves to allay fears of UK job losses in the wake of the US firm’s takeover of Weetabix from the Chinese.
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NewsUK retail sales slump as inflation bites
UK retail sales volumes slumped by 1.8% compared to February amid rapidly rising prices as quarterly sales volumes fell by their highest amount for seven years..
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NewsDanone upgrades earnings expectations despite slow first quarter sales
French dairy giant Danone has upgraded its 2017 earnings guidance despite reporting “slow sales” in the first quarter
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NewsMetcalfe's faces legal battle over Skinny launch in States
Amplify Snack Brands has filed a federal trademark infringement and unfair competition lawsuit against Snyder’s-Lance
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NewsCity snapshot: Reckitt on track to hit growth target despite flat first quarter
Reckitt Benckiser has reported flat like-for-like revenues in the first quarter but favourable currency rates boosted reported sales by 15%. Plus, Danone upgrades its 2017 earnings guidance and all the rest of this morning’s news from the City.
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NewsMedia Bites 21 April: Unilever, M&S, Diageo
Unilever is eyeing a break-up of its margarines business to get the best price in an auction that could kick off as early as June.