Finance news – Page 537
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NewsNestlé’s Maggi noodles go back on sale in India
Maggi noodles back on sale five months after they were pulled from shelves in a health scare
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NewsCity snapshot: Carr’s Group achieves record profits despite revenue fall
Carr’s Group, but the agriculture and food company Carr’s Group reports a 6% rise in full year EBITDA despite 4.1% revenue fall, Sainsbury’s…
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NewsMedia Bites 9 Nov: SABMiller, Sainsbury's, M&S
SABMiller is set to offload its American business for more than $10bn (£6.6bn) this week when it finally agrees terms on a merger with Anheuser- Busch InBev.
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NewsABF says worst is over as sugar crash takes toll on profits
ABF boss George Weston is confident its sugar woes are in the past
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NewsCity Snapshot: Adelie close to taking a bite of sandwich filling firm Freshpak
The Grocer this morning has an exclusive story about Urban Eat owner Adelie circling a £68m-turnover Yorkshire-based sandwich filling supplier.
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NewsMedia Bites 6 November: Morrisons, Tate & Lyle, Dairy Crest
The papers pick over the bones of another dire quarterly performance by one of the big four supermarkets this morning
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NewsAdelie sandwich empire set to add Freshpak Chilled Foods
The deal hungry food-to-go supplier is in advanced talks to acquire sandwich filling supplier Freshpak Chilled Foods
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NewsDiageo to make £60m loss on Argentina wine disposal
Diageo has agreed to sell its wine interests in Argentina to the country’s leading producer and distributor for an undisclosed sum.
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NewsDairy Crest profits fall as spreads business falters
Dairy Crest has reported a 5% fall in revenues from continuing operations and a 13% fall in pre-tax profits in the first half as the butter and spreads business struggles.
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NewsDecline in Scotch whisky exports has slowed, reports SWA
Scotch whisky exports are turning a corner, according to the industry body the SWA
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NewsMorrisons Q3 results: what the analysts say
Following Morrisons’ Q3 update this morning, here’s how leading City and retail analysts rated its performance
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NewsMedia Bites 5 Nov: M&S, Asda, Whole Foods
Unsurprisingly M&S’ half year trading results are the main topic of conversation in today’s papers.
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NewsCity snapshot: Morrisons’ third quarter sales fall by 2.6%
Third quarter like-for-like sales (ex fuel) at Morrisons fell by 2.6% in the 13 weeks to 1 November, plus trading updates from Dairy Crest, Tate & Lyle, Coca Cola HBC and Hilton Food Group.
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NewsReckitt Benckiser wins CMA approval for K-Y acquisition
The UK’s Competition & Markets Authority has waved through Reckitt Benckiser’s acquisition of the K-Y brand following consultation after Reckitt agreed to licence the business in the UK.
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NewsFever-Tree ups growth forecasts amid booming international sales
Fever-Tree, the supplier of premium carbonated mixes for alcoholic spirits, expects its full-year results to be “materially ahead of board expectations”, it said in an unscheduled trading update today.
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NewsFood prices still falling, reveals Shop Price Index
Prices fell 0.4% compared with the same month last year
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NewsM&S hits three month share price high after first half sales increase
Marks & Spencer has reported a 1.4% rise in first half sales to £5bn, driven by its continued outperformance of the troubled UK grocery sector.
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NewsMedia Bites 4 November: AB Inbev, SABMiller, ABF, Tesco, Imperial Tobacco
AB InBev and SABMiller continue to be the focus of attention as they thrash out details of the £68bn takeover; ABF profits sour on sugar woes but Primark is set to expand in the US; and Imperial Tobacco boss plays down break up rumours.
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NewsCity snapshot: M&S food business drives sales growth in first half
Marks & Spencer has increased sales 1.4% to £5bn in the first half, mainly thanks to continuing growth in its food business
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NewsKellogg sales and profits hit by strong US dollar
Profits at Kellogg Co slumped more than 8% in the third quarter as sales at the US cereal manufacturer missed expectations