Finance news – Page 485
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NewsMedia Bites 19 October: Reckitt Benckiser, BrewDog, Danone
Reckitt Benckiser caused a stir as it announced dramatic plans to restructure the business in its third quarter trading update.
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NewsCity snapshot: Unilever growth boosted by emerging markets in Q3
Unilever has grown underlying sales by 2.6% in the third quarter as it performed strongly in emerging markets. Plus, Nestlé increases organic growth in the first nine months of 2017; and Pernod Ricard has “a very good start” to the year.
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NewsReckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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NewsHippeas bags $10m backing from US investor scale expansion
Chickpea snack maker Hippeas has secured $10m (£7.6m) from specialist US food and drink investment firm CAVU Venture Partners to accelerate its global expansion and turn the brand into a household name.
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NewsBrewDog targets £10m in new 'Equity for Punks' funding drive
A successful bid would make BrewDog “the biggest crowdfunded business of all time”, it claimed…
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NewsMedia Bites 18 October: Sainsbury's, Kantar/Nielsen, Danone, P&G, inflation
News that Sainsbury’s is to cut 2,000 jobs across the UK makes all the papers this morning.
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NewsCIty snapshot: Hilton Food Group nets fish supplier Seachill for £81m
Red meat packer Hilton Food Group has completed an £81m deal for Seachill to expand its presence to the supply of fish. Plus, Reckitt reduces full-year outlook as sales fall in Q3, with plans to split the business into two new divisions; and Conviviality appoints new CFO.
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NewsP&H would need to "restructure" if it lost Tesco contract
The delivered wholesaler made the admission during a hearing with the Competition & Markets Authority
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NewsSoaring inflation adds £273m to business rates bill
The Retail Prices Index has rapidly increased from 2% last September
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NewsRising grocery prices to slow early next year
Kantar Worldpanel predicts supermarket price rises will peak later this year
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NewsInnis & Gunn makeover marks return to barrel aged beers
The brewer is rolling out new 330ml bottles across its core range of beers from the middle of this month…
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NewsCity snapshot: Danone beats expectations on baby food and water demand in China
Soaring sales of baby food and water in China helped Danone comfortably beat expectations in the third quarter, but the dairy division of the global giant continued to struggle. Plus, inflation drives sales in the supermarkets but volumes slow, according to the latest Nielsen and Kantar market share data.
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NewsForecourt stores account for more than £4bn in sales says ACS
Association of Convenience Stores’ latest Forecourt Report reveals revenue streams
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NewsSugar beet harvester M&J Haulage collapses
Lincolnshire sugar beet harvester M&J Haulage has called in administrators from KPMG, with operations suspended and all 24 staff sent home.
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NewsApprenticeship Levy blamed for decline in new starters
Last August, the BRC said it supported the levy’s aims and “wanted it to succeed”…
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NewsLidl UK plans to open biggest RDC yet in Peterborough
The 754,000 sq ft depot will be the discounter’s 15th UK RDC and will create up to 500 new jobs for the area
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NewsMedia Bites 16 October: Sainsbury's, Brexit, Graze, P&G, Reckitt Benckiser
Sainsbury’s chairman David Tyler warns a ‘no deal’ Brexit would raise the cost of shopping; Graze hires advisers to steer a sale; and Reckitt eyes Pfizer consumer health care business.
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NewsCity snapshot: Footfall declines for third consecutive month
The number of shoppers on the high street declined for the third month in a row in September in a sign that consumers are starting to tighten their purse strings, new figures have shown. Plus, Hilton Food Group expands its packing capability in New Zealand.
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NewsFood and drink leaders exasperated by stalling Brexit talks
Industry leaders fear the economy could suffer due to failed “ideology and dogma”…
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NewsHelloFresh readies IPO valuing recipe box company at €1.5bn
Recipe box company is hoping to break even in next 15 months…