Finance news – Page 546
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NewsTurkey's Bebeto acquires Dexters Confectionery
Bebeto aims to become one of the top five confectionery brands in the UK by 2020
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NewsCollins Seafoods margins squeezed by rising fish prices
Supplier warns seafood prices will increase this year as a result of the weak pound
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NewsCity snapshot: Consumer spending growth slows over Christmas
Consumer spending rose by 2.6% year-on-year in the festive period, though this represents a slowdown from a strong November according to Visa
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NewsMedia Bites 9 Jan: Christmas trading forecasts, Bernard Matthews, Online shopping
Tesco and Morrisons are expected to produce robust Christmas trading performances this week.
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NewsLivestock price deflation takes £40m chunk from Dunbia sales
Turnover for the year to 27 March 2016 slid 4.7% to £787.5m
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NewsRowse Honey sees £17m wiped from turnover
The Valeo Foods-owned business suffered a 15% fall in sales but profits rose 52%
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NewsNFT Distribution looks to future growth after reporting loss
Food logistics group NFT Distribution has fallen into the red during a challenging year for its grocery customers but the group said it was “well-placed” for future sustained profitable growth.
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NewsPaynes Dairies revenues hit by falling milk price
The fall in turnover from £85.6m to £68m reflected the decline in the cost of milk
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NewsMeantime Brewery sales and profits fizz on craft beer boom
Increased sales in supermarkets of Meantime brands contributed to the £10m jump in revenues to £26.5m in the 15 months to 31 March 2016.
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsMedia Bites 6 December: High street, Boots, Aldi, PureCircle
Britain’s retail sector weathered its fourth poor December in a row with negative like-for-like sales growth on the high street; Boots owner struggles with weak pound and Aldi raises wages for shop floor staff.
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NewsCrawshaw Christmas recovery eats into profit margins
Value meat retailer Crawshaw Group has continued to make progress in its turnaround as sales over Christmas improved thanks to a festive hamper and higher footfall in store.
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NewsPieminister growth heats up on new site openings and supermarket launches
Profits have increased three-fold to £315k at premium pie maker Pieminister as the expansion of its restaurants and new retail launches helped sales grow 17% to £10.7m in the year to 31 March 2016.
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsAldi to become highest-paying supermarket with wage hikes
The new rate surpasses the £8.45 per hour paid to staff by rival Lidl
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NewsHome Bargains buys majority of Netto sites
Discounter takes 11 sites based in north of England after outlining expansion plans
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NewsCity Snapshot: US Customs seizure causes 14% first half sales drop for PureCircle
Stevia producer PureCircle has reported a first half sales drop of 14% as the seizure of a shipment by US Customs hit sales
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NewsMedia Bites 5 Jan: Bernard Matthews, Christmas retail performance, B&M Bargains
The pensions lifeboat is pushing to recover £75m from the administrators of Bernard Matthews, or nearly four times the pension deficit first flagged at the turkey producer.
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NewsB&M shares sparkle on bumper Christmas
Shares in B&M European Value Retail have soared 8.5% after the discount chain recorded its best ever Christmas