Finance news – Page 500
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NewsP&G accuses Nelson Peltz of serving “his own agenda” in plea to shareholders
Procter & Gamble has accused activist investor Neslon Peltz of pursuing a seat on its board “to satisfy his own agenda” in a letter to shareholders requesting they vote down his board ambitions.
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NewsUK pork producers win Chinese export deal worth £200m
A total of seven companies in the pork supply chain have secured permission to export to China…
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NewsAldi enters online grocery in US with Instacart trial
The discounter has appointed the third-party delivery service to courier its groceries to customers in three US cities…
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NewsJohn Menzies scraps distribution arm merger with DX
John Menzies said the deal had been called off after it had undertaken “further financial due diligence on DX”…
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NewsCity snapshot: High street footfall slumps in July
High street footfall dropped a further 2.1% in July, according to the lateste figures from BRC/Springboard, leading to an overall 1.1% in retail footfall in the period. Plus, Tata Global Beverages disposes of China and Russia operations, a look forward to what’s happening in the City this week and all the latest news from the markets
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NewsMedia Bites 14 April: Asda, Wilko, Inflation, Diageo
Asda is expected to serve up its first quarter of positive sales growth in three years this week, writes The Telegraph
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NewsPlenish replenishes growth engine with £1.5m PE injection
Cold-pressed juice brand Plenish has raised £1.5m in its second funding round – valuing it at £10m
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NewsCity news: Coca-Cola HBC fizzes to the top
Coca-Cola HBC (CCH) fizzed to the top of the FTSE 100 this wee
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NewsAmplify works on Tyrrells recovery as UK sales slump
The US owner of upmarket crisp brand Tyrrells has cut SKUs and axed private-label contracts
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NewsCoca-Cola Zero Sugar growth boosts first half sales at CCEP
Comparable sales at GB and European Coke bottler Coca-Cola European Partners were up 5% in the first half on strong revenue and volume growth across its major territories.
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NewsCity snapshot: Grocery inflation surges to 2.4% in July
Grocery price inflation jumped from 1.6% to 2.4% in the month to 1 August with Tesco’s prices climbing by the largest proportion. Plus, the FTSE plunges but Coca-Cola HBC surges, a round-up of finance stories in The Grocer this week and all the rest of the latest news from the City
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NewsMedia Bites 11 Aug: Amazon, Asda, Coca-Cola HBC, Co-op Bank
Amazon paid just £15m in tax on European revenues of £19.5bn, writes The Guardian.
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NewsSupermarket prices rise at fastest rate for four years
Supermarket prices are growing at their fastest level for almost four years as the pressure on shoppers’ wallets mounts.
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NewsReal Good Food shakes up management following profit warning
Executive chairman Pieter Totte is stepping down after shares in the company crashed by more than 30%
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NewsMedia Bites 10 August: AB InBev, Premier Foods, Unilever, Morrisons, Worldpay
AB InBev has agreed a 50/50 joint venture with Turkish brewer Efes for its businesses in Russia and Ukraine; Premier Foods appoints a new chairman; Unilever bows to investor pressure; Morrisons vows not to adopt fake farm brands; and Worldpay takeover puts jobs at risk.
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NewsCity snapshot: Kerry Group sales growth held back by weak pound
Kerry Group has increased first-half sales by 4.8% to €3.2bn despite a decline in its consumer food division as the weak pound and increased raw material pricing took a toll.
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NewsRaisio’s first half sales slump on UK confectionery troubles
Comparable sales have dropped 17.3% in the first half at Finish food group Raisio as the falling pound and difficulties in its UK confectionery business hit trading.
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NewsUK food-to-go value to grow by a third in five years
Coffee shops and specialists such as Greggs and Subway are set to make the highest gains, says IGD
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NewsPremier Foods appoints Keith Hamill as chairman
Hamill will take over in November from David Beever, who is stepping down from the Premier board after nine years
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NewsMedia Bites 9 August: McDonald's, BAT, Diageo, Worldpay
The papers delve into McDonald’s plans to double the number of stores it has in China; BAT raises $17bn in second largest bond deal of the year; Diageo boss Ivan Menezes’ pay drops; and Worldpay secures £9bn Vantiv deal.