Finance news – Page 528
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NewsFood retail distress levels rise in run up to Christmas
Food retailers are among those hit hardest, with an 11% increase in ‘significant’ financial distress
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NewsMedia Bites 22 Dec: Camden Town Brewery, Mondelez, Cadbury's Milk Tray
AB InBev’s shock takeover of independent craft brew Camden Town Brewery garners plenty of headlines this morning - not all positive.
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NewsCity snapshot: UK consumer confidence stays positive for whole of 2015
After falling for the past three months, consumer confidence was back on the rise again in December to finish the year on +2, the latest GfK index has revealed.
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NewsRowse Honey's profit margins rise post-Valeo Foods sale
Valeo Foods-owned Rowse Honey made a pre-tax profit of £11.2m in the 15 months to 31 March 2015 thanks to marketing investment and new product development.
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NewsDiageo freed from supplier payment "hall of shame"
Other food and drink firms currently in the forum’s “hall of shame” include Carlsberg, Premier Foods and Mars
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NewsAB InBev purchases Camden Town Brewery
Move comes less than three weeks after AB InBev announced that rival London craft brewery Meantime would be put up for sale
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NewsThai Union reels in Rügen Fisch to strengthen European position
John West owner Thai Union has netted a majority stake in German canned seafood processor Rügen Fisch to strengthen its European position.
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NewsGrowth at grocers picks up in the run up to Christmas – CBI
Grocery retailers have recorded solid growth in the run-up to Christmas, according to the CBI’s latest monthly distributive trades survey.
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NewsProudfoot Supermarkets reports 88.5% rise in pre-tax profits
Focus on shrinkage pays off for Proudfoots
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NewsCity snapshot: Dairy Crest snaps up £6m remainder of infant formula joint venture
The company said full ownership gives it sole control over the development of the GOS business
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NewsMedia Bites 21 Dec: Ken Morrison, Mike Coupe, Christmas trading
The former chairman of Morrisons has built a £6 million stake in Sainsbury’s — and given Mike Coupe, its chief executive, his public backing, writes The Times (£)
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NewsHolland & Barrett reports double-digit annual sales growth
Holland & Barrett International has announced an annual increase in sales of 11.7% and growth in profits of 12.2% for its full financial year ending 30 September 2015.
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NewsPrice war wipes £1bn off fresh food sales
Nearly a billion pounds have been wiped off supermarket fresh food sales in the past year
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NewsDunbia sale 'could result in break-up' of NI meat processor
The auction for Dunbia could see the Northern Irish meat processor broken up…
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NewsGood Hemp dairy alternative looks to raise £1.5m to fuel growth
Braham & Murray is seeking up to £1.5m in a second fundraising round
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NewsOil slump: when will food prices start falling?
Global crude oil prices have slumped to a seven-year low – but food commodity prices haven’t followed yet
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NewsMedia Bites 18 Dec: Bear, Holland & Barrett, Tesco, ONS
Bear’s £70m sale to Lotus Bakeries makes the morning’s papers after The Grocer revealed the deal had been struck yesterday.
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News2 Sisters Food Group sees sales and operating profits fall
2 Sisters Food Group’s sales dropped by 3.5% to £778.3m in the first quarter of its new financial year
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NewsCity snapshot: Bear snapped up by Lotus in £70m deal
Fast growing kids snacking brand Bear has been snapped up by Lotus Bakeries for more than £70m
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NewsBear snapped up in £70m deal as Lotus eyes global rollout
Urban Fresh Foods, the owner of fast-growth kids snacking brand Bear, has been acquired by Lotus Bakeries in a deal worth more than £70m, The Grocer can reveal.