Finance news – Page 532
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NewsRugby World Cup boosts Greene King off-trade sales
Greene King’s take home volumes grew by 12.4% in the 24 weeks to 18 October as the Rugby World Cup boosted sales of Speckled Hen.
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NewsMorrisons teeters on the verge of FTSE 100 demotion
Morrisons (MRW) is facing a further share price slump if it is demoted from the FTSE 100 index after hitting a new 12-month share price low yesterday.
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NewsJames Hill to step down from Young's Seafood International
Young’s Seafood International CEO James Hill steps down after Nomad deal goes through
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NewsMedia Bites 2 December: Morrisons, Aldi, Lidl, BAT, Graze
After 14 years in Britain’s blue-chip index of shares, it finally looks like the jig is up for Morrisons as it faces demotion to the FTSE 250.
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NewsCity snapshot: Families to spend less this Christmas despite extra cash
Asda has warned that although shoppers will have more money in their pockets this Christmas they are likely to spend less than a year ago
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NewsSavoury & Sweet secures multimillion-pound package for popcorn investment
Own-label healthy snack maker Savoury & Sweet is planning to invest heavily in equipment and R&D to take advantage of rising consumer demand for popcorn.
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NewsCranswick plans £35m investment to support pork export boom
Demand is particularly strong in the Far East, Cranswick says
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NewsAF Blakemore posts 18.5% increase in pre-tax profits
Investment pays off for AF Blakemore as profits and sales soar…
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NewsLike-for-like sales slump as McColl's turns toward convenience
Sales at McColl’s Retail Group in its final quarter rose 2.7%, driven by the acquisitions of new stores
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NewsCity snapshot: Emperador expands European footprint with Beam Suntory deal
Philippines-based spirits group Emperador has agreed to buy Beam Suntory’s Spanish brandy and sherry businesses, including Harveys, for €275m. Plus Morrisons on the verge for FTSE 100 exit and all the latest news from the City.
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NewsMedia Bites 1 Dec: Cyber Monday, Emperador, Morrisons
Sales on Cyber Monday were expected to have risen by 31% on last year, but to have still fallen short of the record £1.1bn spent on Black Friday.
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NewsOnline grocery retailer Hubbub partners with Planet Organic
Hubbub partners with Planet Organic to steal a march on Amazon Fresh
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NewsSugar tax proposal: industry reactions
Leading industry figures react to the House of Commons’ health committee report on childhood obesity
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NewsTax of 20% on sugary soft drinks urged by MPs
Commons health committee backs calls for sugar tax on soft drinks
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NewsCity snapshot: Cranswick shares boosted by strong pork sales
Cranswick has reported a pre tax profit increase of 22% in the six months to 30 September after a strong rise in pork sales, plus the market reacts to the low key Black Friday and the week ahead in the City.
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NewsMedia Bites 30 Nov: AB InBev/SABMiller, Cyber Monday, Black Friday
AB InBev is to put Peroni and Grolsch up for sale as it tries to “squeeze” a £177bn merger with SAB Miller past EU regulators. Plus the latest coverage of Black Friday and Cyber Monday.
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NewsR&R Ice Cream revenues up 17.3% for first nine months
Revenues at R&R Ice Cream were up 17.3% in the nine months to 30 September as last year’s acquisition of Peters boosted sales.
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NewsIndependent retailer Tout slips back into a loss
Tout expecting stong year after major investment in stores
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NewsFSA warns of 'challenging' times as budget cuts revealed
Chancellor George Osborne’s review cemented earlier fears from within the FSA that it faced funding cuts
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NewsNisa agm fails to pass Myners reform recommendations
Nisa insists it is fit for the future despite failing to secure member support to pass corporate governance reforms