Finance news – Page 543
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NewsRick Vlemmiks joins The Co-op Food group as customer director
Co-operative Food hires customer director to oversee brand proposition and marketing
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NewsConsumer spending bounces back from summer slump
The new numbers from Barclaycard showed that the spending growth of 3.7% last month is up on the 3% seen in August
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NewsTesco promises instant price-matching with new Brand Guarantee
Tesco’s Brand Guarantee is being rollout out across the UK today after trials in Northern Ireland
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NewsCity snapshot: Tesco vows to be cheapest on branded shop
Tesco has this morning announced the latest initiative of its fight to turnaround the company
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NewsMedia Bites 12 October: AB InBev, SABMiller, Tesco
The AB InBev and SABMiller takeover saga takes up lots of space in the papers ahead of the Wednesday bid deadline and funds in the US heap more woes on Tesco.
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NewsItsu bags £40m refinancing to take a bite out of overseas markets
Food-to-go chain Itsu has agreed a £40m bank refinancing package to help it implement a three-year expansion plan at home and abroad.
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NewsCrowdfunding push by chocolate venture Coeur de Xocolat
Coeur de Xocolat is the latest food & drinks business to turn to the crowd for cash to build its brand
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NewsLactalis McLelland blames tough trading for profit fall
Dairy processor Lactalis McLelland reported a pre-tax loss of £3.83m for the year to 31 December 2014, as it battled a “difficult trading environment” for dairy products.
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NewsWellness Foods makes healthy profits after brand sell off
Wellness Foods has generated profits of more than £50m and cleared its large debts thanks to the sales of the Rowse Honey and Dorset Cereals brands.
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NewsMcColl’s lures Tesco’s Simon Fuller to deputy CFO role
McColl’s Retail Group has lured one of Tesco UK’s finance directors to become its deputy chief financial officer
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NewsSoreen MD Paul Tripp hands in resignation
finanPaul Tripp has resigned as managing director of Samworth Brothers-owned malt loaf brand Soreen
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NewsSABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.
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NewsCity snapshot: Asda profits hold up as it escape huge property writedowns
Asda pushed operating profits up 1.9% to £1.01bn last year as it escaped eye-watering property writedowns
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NewsMedia Bites 9 October: SABMiller, AB InBev, Tesco, Asda, Coca-Cola
The ongoing tango between SABMiller and AB InBev and the fallout from Tesco’s first-half results continues to dominate the papers
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NewsDave Lewis buys Tesco shares after critics question lack of investment
Earlier this week Sky News claimed Tesco has been in secret talks with the SFO about a deal to settle a criminal probe
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NewsBrian Mackie takes up First Milk COO role
Dairy co-op First Milk has appointed Brian Mackie as chief operating officer
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NewsAsda profits hit £1bn despite shrinking sales
Asda has pushed profits past the £1bn mark - despite sales falling 0.4% to £23.2bn and market share dipping - thanks to its low-cost operating model.
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NewsProduce Investments jobs at risk after potato contract slashed
A 45-day consultation period has been launched with staff at the Kent Potato Company
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NewsJohn West profits leap as tuna sustainability faces scrutiny
John West revealed a big jump in profits this week, as it faced fire for “trashing the oceans for cheap tuna”
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NewsMedia Bites 8 October: Tesco, SABMiller/AB InBev, Poundland
Tesco’s first half results and the SABMiller/AB InBev takeover saga and dominate the papers this morning.