Finance news – Page 518
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NewsTesco shows Irish upturn as grocery market continues strong recovery
The Irish grocery market has grown 3.8% over past 12 weeks according to Kantar Worldpanel
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NewsTesco sued over Whaley Bridge store restrictive covenant
Developer is seeking declaration that covenant is void and unenforceable
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NewsMedia Bites 16 Feb: Aldi, Reckitt Benckiser
There are only two stories which dominate coverage in today’s papers as far as food and drink is concerned: Aldi’s plans for 80 new stores and a good year for Durex and Dettol owner Reckitt Benckiser.
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NewsCity snapshot: Food and drink manufacturing worth £21bn to UK economy
The whole of UK manufacturing grew 3% to £364bn in 2014 – the equivalent of £9.2bn
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NewsStrong fourth quarter sends Reckitt Benckiser shares up 7%
A strong performance in Reckitt Benckiser’s (RB) consumer health division helped fourth quarter sales beat expectations and drive the fmcg giant’s shares 7% higher today.
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NewsTesco extends support for First Milk Cheddar suppliers
First Milk farmers to benefit from Tesco winter supplement for an extra six weeks
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NewsRecruitment is food and drink sector's biggest challenge, says Nestlé CEO
Fiona Kendrick says an ”apprenticeship renaissance” is needed to plus skills gaps
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News99p Stores losses balloon in run up to Poundland sale
Losses at 99p Stores grew to £11m and sales went into reverse in the run up to Poundland acquiring the business last year,.
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NewsCity snapshot: Health sales drive Reckitt Benckiser revenue growth
Reckitt’s shares rise on stronger than expected sales, UK footfall sees a huge rebound and so does the FTSE as investors concerns over China ease.
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NewsMedia Bites 15 Feb: UK footfall, Ocado, Tesco
Colder temperatures and the January sales drove shoppers back to the high street last month.
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NewsAsahi in deal to buy Peroni, Grolsch and Meantime from AB InBev
Asahi has signalled its global ambitions after striking a deal with AB InBev to acquire Peroni, Grolsch and Meantime
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NewsOppo attracts hundreds of new investors in crowdfunding round
Oppo ice cream has smashed its new crowdfunding target of £150,000 before the latest campaign has even officially launched.
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NewsFresh to Store picks up Stocked chilled distribution business
Kerryfresh and Stocked will continue to operate separately
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NewsTrewithen continues rapid growth despite challenges in dairy
Cornish processor Trewithen Dairy has continued its rapid expansion with another year of double-digit growth
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NewsMedia Bites 12 Feb: BOGOF, Sainsbury's, Justin King
The big news in the paper retail-wise this morning is that Sainsbury’s is planning to out all multi-buy promotions by the summer. Plus former Sainsbury’s boss wades into the building tax row.
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NewsCity snapshot: Fold Hill Foods acquires Pointer Pet Products
More consolidation in the petcare market, plus Ocado gets a welcome boost from US fund management giant
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NewsPernod Ricard reports 3% first half organic growth
Pernod Ricard has delivered “solid” first half results as the spirits maker saw 3% organic sales growth in the six months to 31 December 2015.
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NewsBakkavor international sales surge
CEO Agust Gudmundsson said the deal to regain control of the ready meals supplier last month marked a turning point for Bakkavor.
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NewsTate & Lyle share plunge on commodities weakness
Shares in Tate & Lyle have dropped by 5.9% today after the sucralose maker warned that weak commodity prices would hit 2016 profits.
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NewsCurrencies and Coca-Cola volume drop hit CCE revenues
Full year revenues at Coca-Cola Enterprises plunged 15% last year as currency movements impacted sales already hit by declining Coca-Cola volumes.