Finance news – Page 558
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NewsMedia Bites 29 July: P&G, Kantar, Diageo
P&G appoints a company veteran to step into CEO AG Lafley’s shoes; Kantar Worldpanel’s latest market share figures get a wide airing; The Guardian is the latest national to report on The Grocer’s scoop that Tesco is culling lunchbox-sized sugary drinks from its shelves; and there is also room for a look ahead to Diageo’s annual results tomorrow.
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NewsDiageo to end Heineken partnership and go it alone in South Africa
Diageo is selling off its stakes in a joint venture with rival drinks giant Heineken as it restructures its operations in South Africa and Namibia.
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NewsNaked Wines to get UK-wide Click & Collect following Majestic acquisition
Majestic has been testing the service in 22 stores across the UK for Naked Wines’ customers
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NewsSainsbury's is second largest grocery retailer again as Co-op achieves growth
Overall sales and shopper numbers also up, with prices now down 1.6%
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NewsGreencore sales climb as food-to-go continues to shine
New product lines at Greencore’s £35m Northampton factory have contributed toward the growth of the sandwich maker’s food-to-go business in the UK during its third quarter.
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NewsCapvest takes control of Valeo Foods
Irish agri-business Origin Enterprises has sold its 32% stake in Jacob’s owner Valeo Foods Group
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NewsMedia Bites 28 July: Card payments, Reckitt Benckiser, Tesco
Shoppers could enjoy lower prices next year as the government announced plans to cap credit and debit card fees charges by banks to businesses.
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NewsCity snapshot: Convenience sales drive Greencore's third quarter revenues up 6.2%
Greencore has reported a 6.2% increase in third quarter revenues after strong US growth and increased convenience sales, profits grow at McColl’s despite like-for-like sales fall and all the rest of the news from the City.
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NewsWaitrose to carry on Channel Islands push
Supermarket reaches distribution agreement with local retailer in Alderney
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NewsReckitt Benckiser raises earnings forecast after solid first half
Consumer products group Reckitt Benckiser (RB) saw first half revenues edge up 1% to £4.36bn despite currency headwinds.
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NewsCranswick revenues climb thanks to “strong” volume growth
Meat supplier Cranswick has registered a robust start to its new financial year, with sales in the first quarter up 8% as volumes jump 7%.
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NewsUK consumer confidence surges
According to the Nielsen Consumer Confidence Index shoppers in the UK are the second most confident in Europe behind Denmark
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NewsCity snapshot: Fever-Tree reports soaring sales
Fever-Tree has reported soaring sales of £24.1m - up 62% - in its first half, with adjusted EBITDA rising 68%
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NewsMedia Bites 27 July: Morrisons, space race, Diageo
Buyers at Morrisons have attempted to secure one-off payments from about 20 suppliers in a potential breach of the GCA, according to The Guardian. Diageo boss Ivan Menezes is expected to play down the SEC investigation into alleged ‘channel stuffing’ in this week’s annual results.
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NewsMash Direct eyes growth in exports
Prepared veg supplier Mash Direct is casting its eyes overseas
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NewsFormer B&M owners sell £408m worth of shares
The Arora family, founders of the B&M Bargains retail chain, and its former private equity owners have sold a further 12% of B&M European Retail for over £400m.
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NewsDanone sales up as it looks to return to growth in dairy
French dairy group Danone has reported “solid and profitable” growth in its first half, with sales up 4.6% in the six months and 4.5% in the second quarter, despite continued volatility in European dairy markets.
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NewsCity News: The earlier Easter hit Premier Foods’ first-quarter revenues
The earlier Easter hit Premier Foods’ first-quarter revenues, but analysts were nevertheless upbeat about trading figures…
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NewsUrban Fresh Foods in talks for growth funds
The fruit snack business has been growing rapidly since it launched almost six years ago
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NewsAG Barr shares slide on “subdued” first half trading
AG Barr has blamed tough comparatives and poor weather for a “subdued” first half of the year.