Finance news – Page 443
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NewsMedia Bites 22 February: Asda, business rates, Burger King
Asda provided an update on its turnaround attempt yesterday, revealing like-for-like sales declined for the tenth quarter in a row with a 2.9% fall in the final three months of its financial year.
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NewsCity snapshot: Christmas hampers boost first-half sales and profits at Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported sweet growth in first-half sales and profits thanks to new store openings and strong Christmas trading.
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NewsAsda's Project Renewal quietly wound up by Sean Clarke
Chain reports 10th consecutive period of like-for-like sales decline but rules out ’nuclear’ price option
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NewsStan McCarthy to retire as Kerry Group chief executive
He will be replaced by Edmond Scanlon, currently president and CEO of Kerry Asia Pacific
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NewsAsda like-for-like sales fall 2.9% in the fourth quarter
Performance was an improvement on recent quarters, and shows signs of turnaround under new CEO Sean Clarke
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NewsConsumer spending stays high despite economy concern
The proportion of Britons positive about making purchases was 53% at the end of 2016, the highest ever recorded by Nielsen
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NewsSales of organic food increase for fifth year
Consumers spent an extra £138m on organic during the past year, according to the Soil Association
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NewsMedia Bites 21 February: Kraft Heinz failed bid for Unilever examined
The fallout from Kraft Heinz tilt at Unilever continues to generate significant column inches in the papers today.
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NewsExports of food and drink break through the £20bn barrier
The new figures from the FDF show China was the fastest growing market, with sales up more than 50% year on year
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NewsMike Coupe hits out at 'failing' business rates system
Coupe criticised the system for failing to take into account new online players in the market
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NewsAlternative milk brand A2's global revenues leap 84%
Growth reflected “outstanding results” in A2’s Australia, New Zealand and Chinese markets
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NewsAmazon reveals plans to add 5,000 UK jobs in 2017
The recruitment drive will take its UK workforce to 24,000 – up from 15,500 at end of last year
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NewsCity snapshot: Kraft Heinz ditches £115bn Unilever bid
Unilever shares have fallen back this morning after the announcement last night that Kraft Heinz has walked away from its shock £115bn bid for the group
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NewsMedia Bites 20 Feb: Kraft Heinz/Unilever, Amazon, Business rates
Inevitably the surprise ending of Kraft Heinz’s pursuit of Unilever gets plenty of column inches this morning.
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NewsKraft Heinz makes £115bn mega-merger proposal to Unilever
Kraft Heinz has announced it has made a “comprehensive” proposal to Unilever to combine the two groups, which the UK-listed firm has firmly rejected
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NewsNestlé investors unimpressed with end of growth model
It was a baptism of fire for Nestlé CEO Ulf Mark Schneider as Nestlé published the first set of annual results under his leadership …
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NewsSymington's sees £6m loss as cooking sauce brands struggle
A raft of delistings for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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NewsCity snapshot: Symington’s slumps to £6.1m annual loss
Symington’s has slumped to a loss as a raft of delisting for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
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NewsMedia Bites 17 Feb: Morrisons, Punch Taverns, Argos, Nestlé
Morrisons is aiming to recruit 200 more British suppliers after a report commissioned by the supermarket found that only just over half the food eaten in the UK comes from local sources
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NewsKraft Heinz promotional activity hurts European sales
Sales slumped 3.7% to $6.9bn (£5.5bn) at Kraft Heinz in the fourth quarter, partly driven by increased promotional support in the UK.