Finance news – Page 461
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NewsFood and drink exports hit record levels in Q3
Food and non-alcoholic drink exports soared 12.1% to £3.4bn in the third quarter, with trade to non-EU markets growing at twice the rate of countries in Europe.
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NewsNorth America boosts annual results for Compass Group
FTSE 100 catering giant Compass Group has reported to 5% boost to annual organic revenues. Plus all the rest of today’s news from the City …
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NewsMedia Bites 22 Nov: Truck drivers, Exports, TPP, Theresa May
Christmas deliveries in the UK could be hampered by a shortage of lorry drivers as the potential pool of workers shrunk to its lowest level since records began in 2005, writes the FT.
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NewsDiageo workers vote to strike over pension cuts
Diageo is facing mass walkouts across its Scottish bottling operations in the run up to Christmas as staff voted for industrial action over pension cuts.
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NewsSt. Ewe Eggs secures six-figure bank loan
The Cornish egg producer has invested in equipment to tap into the sports nutrition market, supplying its UK customers with pasteurised eggs for the first time.
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NewsIndustry groups hit out over curbs on business rates appeals
A collection of retail and leisure business groups have called on the UK government to rethink proposals that limit firms appealing that their categorisation of business rates is too high.
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NewsMedia Bites 21 Nov: Petrol prices, Business rates, Tesco
Morrisons is cutting the price of petrol to below £1 a litre for the first time since the Brexit vote, escalating a pre-Christmas price war among Britain’s biggest supermarkets.
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NewsEagle Eye growth accelerates in first quarter
Grocery tech group Eagle Eye has accelerated its growth rate in its first quarter as relationships with Asda and Sainsbury’s powered revenues 74% higher year on year.
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NewsWeetabix acquires majority stake in Weetabix East Africa in search of growth
Weetabix has taken a big bite out of its East African partner in a bid to bolster its international growth strategy and boost flagging sales.
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NewsGreencore boosts US sales to $1.3bn with Peacock Foods deal
Greencore’s desire to penetrate the US supermarket sector was the prime motivation for its £600m acquisition
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NewsCity News: Majestic shares rise as dividend returns
Majestic Wine insisted this week its turnaround plans remain firmly on track despite plunging to a first-half £4.4m loss
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NewsCity snapshot: Pork sale puts focus back on Dunbia's red meat business
The sale of the Dunbia pork division to Cranswick has reignited speculation that a deal for the remaining red meat business is moving closer. Plus, One Stop’s franchise business made a trading loss of £2m and all the latest news from the City.
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NewsMedia Bites 18 Nov: Tesco, Asda, Majestic Wine, Retail Sales
Tesco has warned suppliers that price rises must be “legitimate” in the wake of a high-profile dispute over increases with the maker of Marmite and PG Tips.
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NewsOne Stop franchise arm makes £2m trading loss in year two
The franchise business continues to be impacted by set-up costs, though the loss had shrunk from the previous year’s £3m
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NewsMajestic Wine recovery on track despite plunging into the red
Majestic Wine insisted its turnaround strategy is working despite swinging to a loss in the first half, with the wine retailer at the “tipping point” of transforming growing sales into profits.
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NewsCity Snapshot: Majestic Wine insists sales growth will boost profits after first half loss
Majestic Wine has posted a £4.4m first-half loss after weak commercial performance and the failure of a US marketing campaign despite sales growth of 13%.
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NewsMedia Bites 17 Nov: Amazon, Morrisons, Ocado, Co-op
The papers concentrate their coverage of the Amazon and Morrisons one-hour delivery tie-up on the crash in Ocado’s share price the news caused.
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NewsMorrisons widens Amazon partnership with Prime Now store-pick service
Amazon Prime customers can now order a full Morrisons shop via the Prime Now app
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NewsCranswick makes move into Northern Ireland with Dunbia deal
Cranswick has snapped up the pork business of Northern Irish meat giant Dunbia for an undisclosed cash sum
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NewsMedia Bites 16 November: Tesco, Premier Foods, B&M, BAT
The latest Kantar Worldpanel data, Premier Foods and B&M results, and the latest on the British American Tobacco offer for Reynolds all get a showing today.