Finance news – Page 571
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NewsAsda sales slump in ‘most challenging year yet’ for supermarkets
Asda has revealed a 3.9% fall in like-for-like sales during an “unprecedented” quarter in the grocery market.
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NewsBooming food to go sales boost Greencore's first half trading
Convenience food group Greencore shrugged off the tough grocery market conditions to report a 3.2% revenue rise in the six months to 27 March.
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NewsMedia bites 19 May: GCA, Thorntons, Cranswick
Officials at the watchdog set up by the Government to oversee the supermarket industry spent at least a year battling with Whitehall to get powers to impose fines on grocers for misconduct, according to The Independent.
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NewsCity Snapshot: Sales trends improve at Premier Foods
Branded sales at Premier Foods (PFD) have showed their fourth successive quarter of sequential improvement, but overall full-year revenues fell 4.5%…
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NewsWonderful Brands buys Pomegreat from administration
Wonderful Brands has purchased the assets of the Simply Great Juice Company from administration.
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NewsThorntons boss steps down amid disappointing results
Jonathan Hart will leave the company at the end of June, to be replaced by chief operating officer Barry Bloomer as interim until a successor can be found
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NewsCranswick profits up 10% as annual revenues edge past £1bn
Underlying pre-tax profit at pork supplier Cranswick was up 10.6% for the year ended 31 March, boosted by growing exports and strong sales of sausages and bacon.
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NewsCity Snapshot: Sales sizzle past £1bn at Cranswick
Sales at pork supplier Cranswick pass £1bn for the first time. Plus, Thorntons begins search for new CEO as Jonathan Hart resigns; Co-op executives survive stormy AGM; and shares in M&S soar as retailer gets set to unveil rise in profits.
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NewsMedia Bites 18 May: M&S, Co-op, Massimo Zanetti
Pressure eases on M&S CEO as retailer set to post rise in profits; Co-op executives face stormy AGM; and Massimo Zanetti to raise €200m.
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NewsNutrisure stake taken by Lonsdale Capital Partners
Londsale said the new funds would help Nutrisure continue to grow by investing in its Naturya and Supernutrients brands
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NewsC&C Group sales climb despite challenging environment
C&C also revealed a €67.8m loss due to a €150m impairment charge related to its US operations
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NewsCoca-Cola HBC boosts FTSE 100 as first quarter sales fizz
Coke bottler Coca-Cola HBC helped drive the FTSE 100 higher this morning after posted an unexpected rise in first-quarter sales.
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NewsBright Food secures 40% remainder of Lion's Weetabix share
The remaining 40% stake has been bought up by Bright Food, with the intention - it is believed - of re-selling it to Hong Kong-based Baring Private Equity Asia
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NewsSABMiller enters UK's growing craft beer sector with Meantime acquisition
SABMiller is entering the craft beer market with the purchase of London-based brewer Meantime.
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NewsMetcalfe's Skinny demerger from Itsu triggers speculation
Metcalfe’s Skinny is to split from parent company Metcalfe’s Food on 1 June, The Grocer can reveal, with the parent company changing its name to Itsu Grocery
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NewsCity snapshot: SABMiller acquires craft brewer Meantime
SABMiller has agreed a deal to buy to London-based modern craft brewer Meantime Brewing Company, Coca-Cola HBC reports strong volume growth and all the rest of the latest news from the City.
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NewsMedia Bites 15 May: The Co-op, Poundworld, M&S
A row “threatening to tear apart the already battered co-operative movement” is set to be defused today with the Co-op Group board reaching a last minute compromise over its new board.
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News
TPG snaps up majority stake in Poundworld
US investment firm TPG has confirmed today it has bought a majority stake in UK fixed price discounter Poundworld.
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NewsMedia Bites 14 May: The Co-op, SABMiller, supermarket wines
The Co-operative Group has said that votes for election to its members’ council have been miscounted
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NewsCity snapshot: Beer revenues up 9% at Marston's
carBrewing revenues were up 9% for Hobgoblin and Pedigree maker Marston’s in the first half, strong food sales drive Mitchells & Butlers first half revenues and all the rest of the news from the City.