Finance news – Page 483
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NewsMotor Fuel Group buys forecourt operator Synergie Holdings
MFG says it aims to become the UK’s most dynamic and profitable independent forecourt operator
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NewsFaccenda Foods enters joint venture with Dartmouth Foods
The agreement will integrate cooked poultry productions into the Faccenda poultry supply chain
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NewsSales up 9% at East of England Co-op Sourced Locally Fortnight
The Ipswich-based co-op generated £913,111 sales in its 132 stores during the 2016 event
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NewsMorrisons launches third phase of Price Crunch campaign
The supermarket says it is addressing consumer food price concerns in the wake of the Brexit vote
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NewsACS joins trade bodies in warning of national living wage hikes
Greg Clark urged to create a new steering group to allow businesses to feed back reports about the impact of the wage…
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NewsMedia Bites 1 August: ABI/SAB, BHS, Bernard Matthews
The Sunday Times delves into how the beer megadeal between AB InBev and SABMiller was taken to the brink by Brexit
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NewsHeineken sales fizz after strong Q1 but profits hit by Africa slowdown
First-half organic revenues at Heineken grew 4.7% to €10.1bn as total volumes rose 3.8%
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NewsSABMiller board backs improved AB InBev offer
SABMiller announced on Friday afternoon it has unanimously recommended this week’s improved £79bn offer from AB InBev.
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NewsFen Farm Dairy to double production of raw milk brie with £200k funding
Fen Farm currently operates in the domestic sector and distributes its products through Harrods and Fortnum & Mason.
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NewsMindful Chef smashes funding target with help from Andy Murray and Victoria Pendleton
Recipe box business Mindful Chef has soared past its £400,000 crowdfunding target with help from sporting stars Andy Murray, Victoria Pendleton and Will Greenwood to raise more than £1m.
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NewsM&A deal activity set for post-Brexit autumn spike
Pent-up M&A demand in the food and drink sector could lead to a spike in deals in the autumn
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NewsConsumer confidence plunges at fastest rate since 1990 after Brexit
Brexit has led to a dramatic 11-point drop in July from -1 to -12 in the latest monthly consumer confidence index by market research firm GfK.
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NewsMedia Bites 29 July: Diageo, Carrefour, Amazon
Diageo’s hangover lifted last year as it cheered a 3.5% rise in full-year operating profits in its self-styled “turnaround” year.
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NewsReckitt profits hit by South Korea problems
Reckitt Benckiser first-half profits plunged 29% to £528m after it put aside £319m to pay compensation
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NewsDanone beats expectations as profits surge on stronger dairy sales
Net income at the French food giant more than doubled in the six months to 30 June to €935m
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NewsAB InBev takeover of SAB Miller hits bump as pound collapses
The cash portion of the bid suddenly became more than 10% less valuable after the UK quit the EU
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NewsFiddes Payne feels currency pressure in 'challenging' market
Norman Brodie took charge of the business in early 2016 in a management shake-up following disappointing trading
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NewsHeinz fights back by scaling up promotional assault
Heinz is ramping up supermarket promotions after reporting sales of its iconic beans and soups are struggling
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NewsBrexit currency slump to bring more UK meat to retail shelves
The fall of sterling against the euro is making British meat increasingly competitive against EU imports
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NewsPeanut price hikes put pressure on Meridian
There has been a 31% year-on-year hike in the cost of peanuts from Argentina