Finance news – Page 523
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NewsAdelie takeover of Freshpak hit by snarl-ups
Food-to-go group Adelie’s pursuit of sandwich filling supplier Freshpak Chilled Foods has been thrown into doubt after the deal hit hurdles.
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NewsSABMiller brews up strong figures in emerging markets
SABMiller grew organic global revenues 7% in the last three months of 2015, driven by booming sales in Africa.
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NewsPremier Foods rues warm December as grocery brands struggle
Branded sales at Premier Foods fall as an unseasonably warm December turns shoppers away from its Batchelors, Sharwood’s and Loyd Grossman ranges.
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NewsAsda consulting over 5,000 in-store jobs
Retailer also considering plans to close down major in-store concessions
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NewsCity snapshot: “Solid” third quarter trading for Premier Foods
Premier Foods recorded group sales growth of 0.1% in the 13 weeks ended 2 January
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NewsMedia Bites: WH Smith, Asda, The Co-op
After a day of turmoil on the global stock markets, WH Smith offered a rare glimpse of cheer as it comfortably beat the market’s Christmas sales expectations.
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NewsEuropean and UK sales boom drives 32% growth at Pukka Herbs
Bristol-based tea-market Pukka Herbs has racked up another year of rapid revenue growth as revenues rose 32% on strong European and domestic sales.
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NewsBart Ingredients slips into the red
Bart Ingredients has been dragged into the red following the acquisition of a lossmaking business,
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NewsAsda HQ job cull aims to simplify trading team responsibility
800 Asda House staff have left already or have to decide on alternative roles by Friday
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NewsFood waste firm Winnow raises $3.3m to drive expansion
The London-based food waste tech firm backed by Hugh Fearnley-Whittingstall has raised $3.3m in a fundraising round supported by Mustard Seed and D-Ax
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NewsMedia Bites 20 Jan: Unilever, Ocado, Holland & Barrett
Unilever’s annual results garners plenty of coverage in a quieter week in retail for the newspapers.
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NewsCity snapshot: Colourful Christmas for WH Smith
WH Smith expects full-year profits to be better than forecast as like-for-like sales on the high street grow 2% over Christmas as shoppers continued to snap up adult colouring books.
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NewsProgress remains slow for European grocers over supplier income transparency
A lack of consensus among the UK’s large food retailers is hampering efforts to increase disclosure of supplier incomes, according to a new report from Moody’s.
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NewsUnilever pledges to focus on innovation amid bumpy 2016 outlook
Unilever has vowed to intensify its focus on product innovation to help it overcome “volitile” global market conditions after announcing a double-digit rise in annual revenues.
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NewsG's to restructure top management after Alan Christie departure
Alan Christie, CEO of fresh salad and veg supplier G’s Group is to leave the business this month
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NewsFood production jobs at risk as major suppliers scale back
Employees at Bakkavor Meals, General Mills UK and Moy Park are facing job losses
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NewsCity snapshot: Unilever reports 4.1% underlying annual sales growth
Unilever has reported a year of strong growth, with underlying sales growth of 4.1% and overall turnover up by 10% to €53.3bn
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NewsMoy Park confirms closure of Wisbech site
Production will be transferred to other Moy Park sites
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NewsGeneral Mills to close Berwick bakery factory
Green Giant and Häagen-Dazs manufacturer General Mills UK is to close its Berwick bakery factor following a review of the business, affecting 265 jobs.
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NewsAsda kicks off major cull of head office jobs
Supermarket will see many senior redundancies across marketing, merchandising and category planning