Finance news – Page 524
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NewsCity snapshot: High street traffic slumps 4% over Christmas
UK footfall was down 2.2% year on year in December, with traffic on UK high streets slumping by 4%
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NewsMedia Bites 18 Jan: Argos, Waitrose, Tesco
The boss of Argos described a takeover bid from Sainsbury’s as “opportunistic” this weekend, and said his attempt to turn around the high street catalogue retailer was “not finished by a long shot”.
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NewsBooths has 'resilient' Christmas despite floods in heartland
Sharp rise in Christmas orders helps Booths weather tough festive trading period
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NewsJapan Tobacco secures deal for Reynolds' Natural American Spirit brand
Japan Tobacco has announced the acquisition of the Natural American Spirit tobacco brand outside the United States from Reynolds American.
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NewsHalewood International falls into the red on weak UK performance
Halewood International made a loss of £8.2m in its 2015 financial year after sales plummeted 14.4% to £231.1m.
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NewsHarry Brompton’s hopes to stir up the crowd with £300k fundraising
Premium alcoholic ice tea maker Harry Brompton’s has already won listings in Waitrose, Sainsbury’s, Ocado, Whole Foods and Harrods.
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NewsWhitby Seafoods buys Dawnfresh frozen scampi business
Dawnfresh has decided to exit the scampi sector to concentrate on other species
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NewsTesco and Morrisons share price fortunes turn on Christmas tidings
Tesco and Morrisons have had a torrid run of things on the stock market but this week their fortunes finally turned around
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NewsMetcalfe eyes fatter future for Skinny popcorn under Diamond
Julian Metcalfe is hoping the backing of Kettle Chips will help the popcorn brand win more listings
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NewsMPM petfood sale set to spark flurry of private equity interest
Premium petfood manufacturer MPM Products is expected to spark a dogfight among a handful of private-equity firms
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NewsFiddes Payne seeks new MD as it looks for a 'punchy' price
Home baking specialist Fiddes Payne is searching for a new managing director as the shareholders seek to conclude a sale
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NewsPork Farms underlying profits slip despite sales rise
Pork Farms has increased sales almost 4% to £158.4m but pressure on margins led to a slight dip in underlying profitability.
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NewsFirst Milk sells stake in Westbury to Arla
The dairy co-op has offloaded its interest in a joint venture at the Wiltshire dairy factory as part of its turnaround plan
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NewsGrocers surprise and delight the City with festive uplift
It was meant to be a blue Christmas for the listed supermarkets, but Tesco, Sainsbury’s and Morrisons defied expectations
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NewsBernard Matthews sales slump continues
Underlying losses at Bernard Matthews have deepened and sales continue to fall
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NewsMedia Bites 15 Jan: Tesco, Christmas trading, Sainsbury's ABF
Tesco’s surprise like-for-like sales rise over Christmas generates plenty of headlines this morning as the papers decided what it means for the beleaguered supermarket sector.
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NewsCity snapshot: Finsbury Food records "hard won" sales rise
Bakery group Finsbury Food has increased sales by 46% in its first half to £156.6m, including like-for-like growth of 7.4% and a strong Christmas trading period.
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NewsABF's quarterly revenues up 3% at constant currency
Associated British Foods (ABF) has reported a 3% uptick in group revenue in the 16 weeks to 2 January at constant currency, but revenues fell by 2% behind at actual exchange rates.
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NewsMcColl's expects to exceed 900 outlets in first quarter
McColl’s Retail Group continued to expand its convenience network over Christmas and expects to exceed 900 outlets
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NewsBooker reports "good progress" with Londis and Budgens integration
Booker Group has reported “good progress” with the integration of Londis and Budgens following its £114.5m acquisition