Finance news – Page 457
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NewsCity snapshot: Supermarket sales hurt by Black Friday and Christmas price war
A rush on electronic bargains on Black Friday and Christmas promotions lowering supermarket prices even further pushed the grocery sector back in decline last month, according to Nielsen
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NewsNew deal between AB InBev and C&C Group welcomed by the City
The new partnership will see AB InBev take over responsibility for the sale and trade marketing of C&C Group’s cider brands
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NewsCan the Tax is canned as soft drinks levy moves a step closer
The food and drink industry has canned its campaign against the soft drinks sugar levy
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NewsConviviality secures 15 c-stores for Bargain Booze
Conviviality Retail has acquired the entire share capital of KMD Enterprises
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NewsProsecco sales rocket despite fall in Champagne prices
Prosecco has burst Champagne’s bubble with booming sales
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NewsTwinings names Claire Hodge as UK managing director
She will replace Liam McNamara on 1 January
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NewsCity snapshot: Black Friday fails to halt retail footfall decline
Retail footfall fell 1% during November despite the Black Friday sales event, with high street footfall dropping for its third consecutive month
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NewsMedia Bites: Asahi/AB InBev, Fyffes, Hotel Chocolat
The Japanese brewing giant Asahi is nearing a £5bn takeover of a portfolio of European beers that includes the Czech lager Pilsner Urquell, after edging ahead in a fiercely competitive bid battle.
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NewsMedia Bites 9 December: Ocado, food prices, McDonald's, Morrisons, Aldi
Ocado’s shrinking basket size in Q4 gets plenty of attention this morning, as does the new tax arrangements of McDonald’s. Plus, an open letter signed by 300 food and drink industry bodies warns the government of the threat of rising prices.
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NewsBrexit cost hikes loom for Bart as its losses widen to £551k
Losses have widened at herb and spices brand Bart Ingredients despite another year of double-digit sales growth
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NewsCity snapshot: Fyffes snapped up by Sumitomo Corporation in €751m deal
Ireland-headquartered banana importer Fyffes has been snapped up by Asian global trading group Sumitomo Corporation for €751m (£635m)
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NewsChaucer Food Group to expand UK base after Nagatanien takeover
Chaucer Food Group is set to expand its Hull factory and HQ after its takeover by Nagatanien
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NewsCostco invests in major improvements for online
The wholesaler said it was investing in the merchandising, functionality and distribution of its online business
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NewsOcado shares take hit from fourth-quarter sales fall
Ocado shares took a hit on Thursday as sales growth slowed and order sizes shrank in the fourth quarter
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NewsGavin Darby to succeed Fiona Kendrick as FDF president
Darby pledged to focus on the obesity challenge and developing a post-Brexit plan
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NewsCity snapshot: Ocado sales growth slows in fourth quarter
Ocado has announced a 13.1% rise in gross retail sales in the fourth quarter, which represents a slowdown on its annual growth of 13.6%
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NewsMedia Bites 8 Dec: Dalton Philips, Food advertising, Camden Town Brewery
Dalton Philips, the former boss of supermarket chain Morrisons, is to return to the British high street in a leading role at one of Britain’s fastest-growing casual dining groups.
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NewsSeabrook Crisps hit by heavy promotions but profits rise again
Aggressive promotions have taken a bite out of revenues at Seabrook Crips but failed to dent rising profits at the LDC-backed business.
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NewsAmazon Go checkout-free stores poised for UK launch
The online giant recently trademarked ‘Amazon Go’ in the UK
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NewsWiltshire Farm Foods expands in Yorkshire with bank funding
Frozen meals delivery specialist Wiltshire Farm Foods has secured a five-figure funding package to buy a new depot in Yorkshire.