Finance news – Page 569
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NewsCity Snapshot: Real Good Food focuses on growth after sugar disposal
Real Good Food this morning said it was focusing on the growth opportunities of its cake decoration, food ingredients and premium bakery businesses
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NewsMedia Bites 1 June: Morrisons, M&S, NHS
Morrisons new top team braces itself for attacks at its upcoming AGM from investors angry at the size of former CEO Dalton Philips’ pay packet.
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NewsPomeGreat founder departs after second collapse in two years
The administration comes just a month after the LGA named Pomegreat as having more sugar per 100ml than a can of Coke
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NewsApplegreen to fuel its expansion with stock market flotation
Irish forecourt operator Applegreen is planning to expand its presence in the UK convenience and food-to-go market
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NewsCostcutter investment is now paying off says Willson-Rymer
Costcutter’s recruitment pipeline “has never been stronger” CEO Darcy Willson-Rymer insists
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NewsB&M Bargains rollout proceeding 'full steam ahead'
A near-30% jump in revenues to £1.65bn in its maiden year as a listed company saw analysts lining up to praise B&M Bargains
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NewsCity snapshot: Consumer confidence ebbs in May
After a strong recent run, consumer confidence took a hit in May, according to research from GfK. Also Waitrose weekly sales edge up, while ABF shares surge this morning and all the rest of the news from the City.
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NewsMedia bites 29 May: Tesco, Amazon, B&M
The relationship between retailers and their suppliers is to be scrutinised in the wake of the Tesco accounting scandal.
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NewsLDC hungry for more food and drink investment from £1.2bn pot
Private equity house LDC has picked out the food and drink sector as a key area for investment after pledging £1.2bn of capital over three years to help accelerate growth among the UK’s mid-sized companies.
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NewsB&M aims for 60 new locations on back of huge profit rise
Maiden full-year results see pre-tax profit climb 55.5% from £86.7m to £135m and adjusted EBITDA up 33.6% from £130.4m to £174.2m
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NewsPaypoint profits up, promises new services for retailers
Payment services operator shows 7.7% increase in full-year pre-tax profit from £46m to £49.6m on net revenue up 8.3% from £113.7, to £123m
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NewsApplegreen looks to raise €70m in London and Dublin dual flotation
Petrol forecourt operator Applegreen has unveiled plans for the first Irish retail flotation since the onset of the recession.
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NewsCity snapshot: Profits plunge by 30% at Tate & Lyle
Full-year profits and earnings have tumbled at sucralose producer Tate & Lyle after a “very challenging” year, revenues up almost 30% at B&M Bargains, Imperial Tobacco one of the FTSE’s biggest risers and the rest of the news from the City.
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NewsMedia bites 28 May: Tesco, Aldi, Imperial Tobacco
Tesco’s nightmare year has wiped $5bn off the value of its brand, new research has found
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NewsJigsaw Foods pieces together bank funding deal to fuel US growth
Sauce manufacturer Jigsaw Foods has secured a £4m bank funding package to help with the expansion of the business at home and abroad.
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NewsSales down by 1.1% at AG Barr in new financial year
Irn-Bru maker AG Barr has revealed a 1.1% dip in sales for the first 15 weeks of its new financial year.
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NewsFamily incomes up 10%, Asda report claims
In April, the average UK household had £187 a week of discretionary income, giving them an extra £17 to spend compared to a year ago
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City Snapshot: Sales slip at AG Barr
Revenues at Irn-Bru maker AG Barr have fallen 1.1% so far this year as the soft drinks group’s performance returned to more normal sales phasing compared with the strong first-half in 2014.
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NewsIglo's European sales up in Q1 but UK market remains tough
Newly acquired frozen foods business Iglo Group has reported a 2.3% slide in like-for-like sales in the first quarter.
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NewsRobust growth for grocers but challenges remain – CBI
Food retailers reported “robust” growth in sales volumes in the year to May, according to the CBI’s latest quarterly survey.