Finance news – Page 546
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NewsCity snapshot: Crawshaw delivers first half sales and profit growth
Butchery chain Crawshaw Group has reported a 42% first half revenue jump driven by new store openings
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NewsMedia Bites 29 Sep: Aldi, Whole Foods, business rates
Aldi’s annual results and the announcement it will launch a new UK online offering dominate the grocery headlines this morning.
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NewsPotts has time to turnaround Morrisons but must improve offer, says retail analyst
Morrisons still has the weakest retail offer of its competitors and will need more time and money to win back shoppers, Bernstein has said.
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NewsKellogg continues emerging markets push with Egyptian acquisition
Kellogg’s has expanded its emerging markets footprint with the acquisition of Egypt’s largest cereal company.
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NewsBrowns Food Group to increase exports with bank support
Scottish food group Browns has agreed a £20m funding package to support ongoing growth and investment as it increases sales 4.4% to £151.7m.
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NewsPiper invests £6m in natural pet food brand Forthglade
Natural pet food manufacturer Forthglade has secured £6m backing from private equity house Piper as the brand aims to become a household name.
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NewsAldi to launch online offer as annual profits slide
Profits at Aldi have fallen as the discounter invested heavily in price and stores to stay ahead of its bigger rivals and grow sales to £6.89bn
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NewsAccolade Wines promotes Paul Schaafsma to CEO
Schaafsma, currently general manager for UK & Ireland, takes up the role on 1 October and is succeeding John Ratcliffe
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NewsCity snapshot: Aldi reveals online plan after another record year
Aldi has revealed plans to launch an e-commerce operation in 2016 after another year of record sales.
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NewsMedia Bites 28 September: Megabrew, Tesco, Sainsbury’s, Morrisons
There was much speculation in the papers this weekend that an official £70bn bid could be tabled this week by AB InBev for SABMiller. Plus, Tesco could pull the plug on the sale of Dunnhumby and Sainsbury’s gets set to report a further slide in sales for Q2.
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NewsWine and beer producer Chapel Down Group grows profits 31%
Kent wine and beer producer Chapel Down Group grew sales by a third in the first half of 2015
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NewsQuorn profit rockets as first bids for business are expected
Quorn has seen pre-tax profit surge almost 50% to £26m as appetite for the meat substitute continues to grow
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NewsMajestic Wine appoints DIY specialist as MD
Majestic Wine has appointed a new managing director to head up the Majestic store network, The Grocer has learned
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NewsNisa wins £250m Ramsden International contract deal
Nisa has secured a new five-year contract to supply Ramsden International worth £250m…
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NewsPoundland shares drop on news of falling like-for-likes
Poundland shares plummeted on Thursday morning after it revealed its own like-for-like sales were falling
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NewsCity snapshot: Waitrose sees weekly sales fall
Sales dropped to £120.8m and including petrol this represented a 0.3% fall
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NewsMedia Bites 25 Sep: Poundland, Living wage, Imperial Tobacco
“Poundland rocked by costs as it blames store openings for profit warning”, writes the Daily Mail this morning.
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NewsLactalis Nestlé joint venture makes loss
The yoghurt-focused joint venture between Lactalis and Nestlé has slipped into the red in the UK…
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NewsPoundland shares plummet as it seeks £50m for 99p Stores deal
Poundland shares plummeted to a record low after it confirmed its intention this morning [Thursday] to raise £50m through a share placing to help fund the £55m acquisition of 99p Stores.
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News'Convenience store investment falling' ahead of NLW
The ACS is warning investment is down 35% over the past three months