Finance news – Page 536
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NewsMedia Bites 24 Feb: Business rates, British American Tobacco, John Lewis
The government is under growing pressure to overhaul the business rates system rather than just offer help for small firms affected by the revaluation of properties.
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NewsAdelie looks to rebuild under new owners ICG
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group.
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NewsCauli Rice hits over £3m in crowdfunding
Cauli Rice has raised £1.4m from a massively oversubscribed crowdfunding campaign – more than £1m higher than its initial
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NewsCotswold Raw picks up private funding to hike production
Premium dogfood startup’s crowdfunding campaign failed to hit its £250k target
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NewsCity snapshot: British American Tobacco hails 'exceptionally good' full-year results
British American Tobacco has reported “an exceptionally good performance” in 2016 as it grew revenues, underlying profits and outperformed the industry on tobacco volumes. Plus full-year results from Henkel, Unilever pledges to boost earnings and all the rest of the latest news from the City.
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NewsMedia Bites 23 Feb: Unilever, Fox's Biscuits, Hotel Chocolat
“Unilever forced to review strategy after aborted Kraft bid” is the lead business story in The Times (£) this morning.
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NewsBranded growth boosts profits at Arla
Global dairy giant Arla has boosted its bottom line through higher sales of branded goods despite the slump in milk prices hitting annual sales.
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NewsGlanbia sells off Irish dairy division for £95m to form jv with farmers co-op
Glanbia has agreed to sell off a controlling stake in its Irish diary business to the Glanbia Co-operative Society for €112m (£94.8m).
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NewsHotel Chocolat's Angus Thirlwell on cocoa, Brexit and online
Hotel Chocolat announced yet more positive results in the form of a 28% rise in pre-tax profits for the latest half-year of trading, we talk to the company’s CEO & co-founder
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NewsPark Garage Group profits slump after 'major' investment
Group expects a 46% increase in turnover from its car valeting service after installing new equipment
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NewsMedia Bites 22 February: Asda, business rates, Burger King
Asda provided an update on its turnaround attempt yesterday, revealing like-for-like sales declined for the tenth quarter in a row with a 2.9% fall in the final three months of its financial year.
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NewsCity snapshot: Christmas hampers boost first-half sales and profits at Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported sweet growth in first-half sales and profits thanks to new store openings and strong Christmas trading.
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NewsAsda's Project Renewal quietly wound up by Sean Clarke
Chain reports 10th consecutive period of like-for-like sales decline but rules out ’nuclear’ price option
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NewsStan McCarthy to retire as Kerry Group chief executive
He will be replaced by Edmond Scanlon, currently president and CEO of Kerry Asia Pacific
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NewsAsda like-for-like sales fall 2.9% in the fourth quarter
Performance was an improvement on recent quarters, and shows signs of turnaround under new CEO Sean Clarke
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NewsConsumer spending stays high despite economy concern
The proportion of Britons positive about making purchases was 53% at the end of 2016, the highest ever recorded by Nielsen
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NewsSales of organic food increase for fifth year
Consumers spent an extra £138m on organic during the past year, according to the Soil Association
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NewsMedia Bites 21 February: Kraft Heinz failed bid for Unilever examined
The fallout from Kraft Heinz tilt at Unilever continues to generate significant column inches in the papers today.
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NewsExports of food and drink break through the £20bn barrier
The new figures from the FDF show China was the fastest growing market, with sales up more than 50% year on year
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NewsMike Coupe hits out at 'failing' business rates system
Coupe criticised the system for failing to take into account new online players in the market