Finance news – Page 550
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NewsOwn-label pizza supplier Stateside reports year of growth
Own-label pizza specialist Stateside Foods has grown full-year sales and profits as cost controls and easing commodity prices boosted its performance.
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NewsTasties of Chester owner PK Food Concepts invests in growth
Losses have widened at foodservice supplier PK Food Concepts despite a healthy jump in revenues as investment in future growth and start-up costs in new operations dragged on the bottom line.
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NewsMedia Bites 14 December: Inflation, Kantar, Asahi, M&S, Argos
Inflation in the UK economy is in focus in this morning’s papers as figures from the ONS and Kantar Worldpanel show higher prices are on the way. Plus, Asahi tightens grip on European beer market and M&S chairman Robert Swannell retires.
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NewsCity snapshot: US food & drink businesses weigh up UK future
Almost 45% of US food and drink firms with a base in the UK are considering moving elsewhere in the EU as a result of Brexit, according to a report by Gowling WLG.
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NewsTollblend added to Lesaffre mix
Baking mix supplier LFL Tollblend has been acquired by French multinational yeast producer Lesaffre for an undisclosed sum.
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NewsDCS Group hits 'personal target' of £200m in sales
DCS set the £200m target eight years ago when it reached the £100m mark
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NewsAsahi wins auction for AB InBev's Eastern European beer stable
Asahi is set to add Pilsner Urquell to its stable of European beer brands after reaching an agreement to buy the AB InBev Eastern European brewing businesses previously owned by SABMiller.
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NewsJersey Costcutter-SandpiperCI merger rejected in first review
Regulator wants to “understand thoroughly” the impact on local people
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NewsUltimate Products appoints former Poundland boss Jim McCarthy as chairman
Former Poundland CEO Jim McCarthy has been appointed by Ultimate Products as chairman to help lead the consumer products group through a £100m IPO.
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NewsMedia Bites 13 December: C-stores, Asahi, Ultimate Products
Britain’s corner shops have contributed towards a record £299m investment in improvements in c-stores over the past three months.
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NewsCity snapshot: Supermarket sales hurt by Black Friday and Christmas price war
A rush on electronic bargains on Black Friday and Christmas promotions lowering supermarket prices even further pushed the grocery sector back in decline last month, according to Nielsen
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NewsNew deal between AB InBev and C&C Group welcomed by the City
The new partnership will see AB InBev take over responsibility for the sale and trade marketing of C&C Group’s cider brands
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NewsCan the Tax is canned as soft drinks levy moves a step closer
The food and drink industry has canned its campaign against the soft drinks sugar levy
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NewsConviviality secures 15 c-stores for Bargain Booze
Conviviality Retail has acquired the entire share capital of KMD Enterprises
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NewsProsecco sales rocket despite fall in Champagne prices
Prosecco has burst Champagne’s bubble with booming sales
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NewsTwinings names Claire Hodge as UK managing director
She will replace Liam McNamara on 1 January
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NewsCity snapshot: Black Friday fails to halt retail footfall decline
Retail footfall fell 1% during November despite the Black Friday sales event, with high street footfall dropping for its third consecutive month
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NewsMedia Bites: Asahi/AB InBev, Fyffes, Hotel Chocolat
The Japanese brewing giant Asahi is nearing a £5bn takeover of a portfolio of European beers that includes the Czech lager Pilsner Urquell, after edging ahead in a fiercely competitive bid battle.
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NewsMedia Bites 9 December: Ocado, food prices, McDonald's, Morrisons, Aldi
Ocado’s shrinking basket size in Q4 gets plenty of attention this morning, as does the new tax arrangements of McDonald’s. Plus, an open letter signed by 300 food and drink industry bodies warns the government of the threat of rising prices.
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NewsBrexit cost hikes loom for Bart as its losses widen to £551k
Losses have widened at herb and spices brand Bart Ingredients despite another year of double-digit sales growth