Finance news – Page 560
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NewsCity snapshot: PZ Cussons posts 2.3% like-for-like growth in "tough conditions"
Problems in PZ Cussons’ biggest market of Nigeria hit reported revenues and profits
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NewsSupermarkets ramp up pressure on UK food sector
The number of UK food suppliers experiencing “significant” financial distress has risen by over 50%, according to research from professional services firm Begbies Traynor.
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NewsSeabrook Crisps hungry for deals as part of expansion plan
Seabrook Crisps is eyeing potential bolt-on acquisitions as it seeks to broaden its portfolio and expand into new snacking categories following LDC-backed MBO.
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NewsHealth food wholesaler Tree of Life's sales soar 14%
Health food wholesaler Tree of Life has posted sales up 14% to £45m
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NewsSeabrook Crisps confirms LDC buyout
Seabrook Crips has this morning confirmed The Grocer’s story that private equity house LDC has acquired a majority stake in the business.
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NewsCity Snapshot: Rising number of suppliers on the bread line thanks to supermarket price war
The battle between the UK’s biggest supermarkets has led to a 54% jump in the number of food suppliers in “significant” financial distress
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NewsMedia Bites 20 July: Seabrook Crisps, Iceland, Sainsbury’s
The takeover of Seabrooks Crisps, revealed by The Grocer on Thursday, has hit the papers this morning
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NewsCarrefour and Casino trading updates reveal mixed bag
There were seemingly contrasting fortunes for two French supermarket giants this week
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NewsWyke Farms 'fairly optimistic' despite pre-tax profit slump
Somerset Cheddar producer Wyke Farms does not expect an immediate rebound in profitability this year
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NewsCrowdfunding model attracts six more food and drink companies
Six more food and drink companies have turned to the crowd
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NewsB&M Bargains accelerates store opening plans
B&M Bargains is accelerating its store opening plans this financial year and now expects to add 80 net new outlets to its portfolio.
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NewsAs John Dixon quits, is Steve Rowe now M&S CEO in waiting?
John Dixon’s resignation clears way for Steve Rowe in battle to succeed Marc Bolland as M&S CEO.
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NewsCity Snapshot: B&M Bargains reveals strong spring as shoppers stick with discounters
Listed value retailer B&M Bargains has reported another period of soaring growth in a strong spring trading update. Elsewhere, Marks & Spencer gives an insight into succession planning as head of food Steve Rowe takes over from head of GM John Dixon.
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NewsMedia Bites 17 July: M&S, Amazon
The papers focus heavily on news that Marks & Spencer’s head of general merchandise John Dixon has quit for another top job in retail. Also in the headlines is Amazon’s plans to launch online grocery delivery in the UK.
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NewsFinsbury to beat profits forecasts as sales heat up
Soaring sales at Finsbury Food Group have sent investors flocking to the listed bakery and cake supplier
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NewsPhilip Morris sales dragged down by lower UK market share
Sales have fallen 12% to $6.9bn (£4.4bn) at tobacco company Philip Morris International in the second quarter, dragged down by a lower market share in the UK.
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NewsCasino reports improved activity in Q2
French retailer Casino’s standout performance has come from its ecommerce business in the second quarter – with gross merchandise value up 25.8% at constant exchange rates.
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NewsSeabrook Crisps heads for £35m private equity deal
Private equity house LDC counts Ministry of Cake, The ComplEAT Food Group and Intercontinental Brands among its 90-strong portfolio
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NewsHilton shares plunge as meat group faces currency headwinds
Meat packaging business Hilton Food Group has traded in line with the board’s expectations despite challenging consumer conditions
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NewsCarrefour shares rise as international growth pushes up sales
Shares in French supermarket giant Carrefour have risen 2.5% to €30.89 thanks to continued sales growth in its second quarter