Finance news – Page 486
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NewsFirst Milk 'completes turnaround' as operating profit doubles
New business strategy, divesting loss-making subsidiaries, and improved operational performance helped turn fortunes around
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NewsBurton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.
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NewsBakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m
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NewsTyrrells profits sank 45% in Amplify Snack Brands sale period
Profits at snack brand Tyrrells almost halved in the period of its £300m sale to Amplify Snack Brands
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NewsCity News: Booker shares steady ahead of CMA decision
The City was unmoved by a healthy first half at Booker as investors awaited the preliminary decision by the CMA
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NewsFSS fears devolved powers may be watered down after Brexit
The FSS has often pursued much more aggressive and radical policies than bodies such as the FSA and PHE
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NewsLoss of major customer hits Cott revenues
Cott Beverages’ revenues tumbled as it battled a declining UK fizzy drinks market and lost a private-label contract
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NewsConcha y Toro profit hit by weak pound and higher costs
Results for the year ending 31 December 2016 show operating profits fell £306k to £3.2m
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NewsMedia Bites 13 October: Booker, WH Smith, Just Eat
Financial results from Booker and WH Smith are examined by today’s papers, along with the CMA decision on the Just Eat acquisition of Hungry House.
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NewsCity snapshot: Burton's profits sink in declining biscuit category
Underlying profits have more than halved as sales slumped yet again at Jammie Dodgers maker Burton’s Biscuits.
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NewsJust Eat shares jump as CMA paves way for £200m Hungry House takeover
Shares have soared more than 6% at takeaway delivery service Just Eat after the Competition and Markets Authority (CMA) gave the £200m takeover of Hungry House the all clear.
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NewsTurnover at John West rises but weak pound hits profit
Turnover jumped from £207m to £222.7m for the 12 months to 31 December 2016
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NewsEx-One Stop franchise boss Andrew King is MD at Select & Save
Former One Stop franchise boss Andrew King has taken over as MD of Select & Save…
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NewsABP £22m AD plant opens by Arla dairy
Olleco will supply power to Arla as part of a new partnership
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News2 Sisters boss Ranjit Singh summoned by Commons Committee
Singh, the FSA, Red Tractor and the British Poultry Council have all been called to give evidence to the Efra Committee on 25 October
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NewsWestons targets 40% growth in five years with brand overhaul
A new logo will roll out from late October across all consumer and trade touchpoints…
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NewsMedia Bites 12 October: Booths/Amazon, Bakkavor, 2 Sisters, Unilever
Amazon expanding its UK grocery delivery with the ‘Waitrose of the North’ grabbed the attention of the papers.
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NewsCity snapshot: Healthy first half for Booker as it awaits CMA verdict on Tesco merger
Profits at Booker leapt 9% in the first half as the wholesaler increased revenues by 2.5% to £2.6bn despite a declining tobacco market. Plus, the travel arm of WH Smith overtakes the high street for the first time as the retailer announced full-year results; and the CMA gives the green light to Just Eat for the £200m takeover of Hungry House
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NewsCostcutter owner Bibby Line Group plunges to £66m pre-tax loss
Costcutter owner Bibby Line Group has plunged from an annual profit of £30m to a pre-tax loss of £66m amid turmoil in its oil and gas-focussed offshore division.
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NewsOverhang hits £150k crowdfunding target
It has raised £153,000 from 237 investors on the Crowdcube platform in return for 5.8% equity, valuing the business at about £2.5m.