Finance news – Page 462
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NewsExports drive increased sales and profits at Moy Park
Third quarter sales edged up at Northern Irish chicken producer Moy Park as a jump in exports negated a fall in domestic sales volumes.
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NewsPremier Foods looks to home advantage to battle price rises
CEO Gavin Darby said the Mr Kipling and Bisto maker was a different proposition to its multinational rivals thanks to 95% of its range being manufactured in the UK.
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NewsB&M Bargains profits from rapid store expansion but prices to rise
B&M Bargains warns prices in store are likely to rise in 2017 because of the slump in the value of sterling as sourcing from China gets more expensive.
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NewsDiscounter growth falls to lowest level for five years
Growth at Aldi and Lidl has slowed to the lowest level since the end of 2011 as Tesco and Morrisons have started to make steady recoveries, according to Nielsen retail performance data.
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NewsCity snapshot: Premier Foods sales and profits fall
Premier Foods recovery came to a halt in the first half as sales stalled and profits fell as unseasonably warm weather turned customers away from its gravy, stocks and puddings
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NewsLidl and Aldi increase price of four pints of milk to 99p
The price increases by the discounters mean all the UK’s major supermarkets charge at least 99p for the four-pint SKU
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NewsWine and premium alcohol least hit by Scottish minimum pricing
Spirits will be the most impacted as 69% of volume currently sold is below the 50p per unit threshold
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NewsGreencore swoops for $750m Peacock to "transform" US business
Greencore has announced the US$747.5m (£594.3m) acquisition of US convenience food supplier Peacock to “transform” its business in North America.
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NewsMedia Bites 14 Nov: Tesco, M&S, Birds Eye
Prosecutors will decide within weeks whether to pursue a plea arrangement with Tesco and bring further charges against former bosses over the profits scandal which plunged Britain’s biggest retailer into crisis in 2014.
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NewsBulldog plans global expansion in wake of Edgewell acquisition
The British male grooming brand is already in 14 countries including Germany, Portugal and South Korea
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NewsCity snapshot: Inflation rears its head but prices remain soft in most categories
Inflationary pressures are building as big suppliers negotiate with supermarkets for price hikes but deflation still persists, the latest Grocer Price Index reveals.
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NewsSainsbury's shares slump again as it reports 10% profit drop
Sainsbury’s remained behind its listed rivals this week
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NewsKitwave sales boom thanks to acquisition drive
Sales at Kitwave Wholesale have more than doubled thanks to its ambitious buy-and-build strategy.
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NewsA quarter of Brits fear Trump victory will bring higher food & drink prices
A flash poll by HIM conducted after the US election also shows 38% are now more concerned about the UK economy
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NewsCoca-Cola European Partners appoints new CEO as bottler returns to growth
European bottling giant Coca-Cola European Partners has grown sales as the classic Coke brand returned to growth. It comes as the group appoints a new CEO.
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NewsNisa wins supply contract for 298 McColl's bought from Co-op
Subject to CMA clearance, Nisa will begin supplying the first new, larger McColl’s stores in January
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NewsMedia Bites 10 November: Sainsbury's
The papers manage to find room to squeeze in reports of Sainsbury’s latest results amid all the coverage of the US presidential election.
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NewsCity snapshot: Dairy Crest profits rise after dairies sell off
Dairy Crest CEO Mark Allen hailed the first set of results since the sale of its milk business to Muller as profits rose 19% on higher volumes of its cheese and butter brands
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NewsTrump victory sparks hopes of 'fast-track' trade deal for UK food & drink exporters
Exporters say they are hopeful they might benefit despite increased global uncertainty
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NewsTesco Bank reassures customers 'normal service' is resumed
All 9,000 customers hit by cyber-attack have been fully reimbursed, the bank says