Finance news – Page 572
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NewsAles By Mail brewing huge growth
On the back of 88% growth in Q1, the online beer retailer launches first pop up beer shop in London
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NewsCity snapshot: Profits fall at Magners owner C&C Group
C&C Group has reported a 9.2% decline in full-year operating profit to €115m (£82.6m).
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NewsMedia bites 13 May: Tesco, The Co-operative Group, Ahold
Tesco’s decision to close its six remaining Homeplus stores gets plenty of column inches in today’s business pages.
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Birds Eye owner Nomad brings in former Delhaize exec as CEO
New Birds Eye owner Nomad Holdings has appointed former ABInBev and Delhaize exec Stéfan Descheemaeker as CEO as it looks to grow its portfolio of international food investments.
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NewsDelhaize and Ahold confirm merger talks
Belgian supermarket group Delhaize has confirmed this morning it is in merger talks with Dutch contemporary Ahold.
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NewsCity snapshot: Glanbia hit by falling dairy prices
Irish food group Glanbia has seen a 3.6% constant currency revenue fall in the three months to 4 April, Hilton Food Group in line with expectations and the FTSE opens lower.
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NewsMedia bites 12 May: Tesco, Ahold, Tate & Lyle
Tesco’s decision to axe PwC as its auditor after 32 years gets plenty of column inches in today’s papers.
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NewsBargain Booze sales slip, but Conviviality profits rise by 2.3%
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, but a dip in like-for-like sales as it fought against a slower than expected rate of store openings and heavy discounting in the alcohol retail sector.
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NewsMedia bites 11 May: Dunnhumby, Tesco Mobile, Sainsbury's
US consumer research giant Nielsen is poised to plunge into the £2bn auction for Dunnhumby, according to the Sunday Times.
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NewsCity snapshot: Conviviality Retail revenues up despite sector discounting
Bargain Booze owner Conviviality Retail has reported full year revenues up 2.3%, supermarket shares start the week up and all the latest news from the City.
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NewsKettle Foods notches up 31% pre-tax profit increase
Newly filed accounts at Companies House reveal Kettle Foods’ pre-tax profit leapt from £9.2m to £12.1m, with turnover rising from £81.3m to £84m in the year to 31 July 2014
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NewsTwinings boss joins Kingsmill
Jon Jenkins is leaving the tea supplier to lead Kingsmill owner Allied Milling and Baking
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NewsMedia bites 8 May: Morrisons, SABMiller, Ocado
The new chief executive of Wm Morrison has pledged to listen to the supermarket chain’s customers and staff
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NewsCity snapshot: Shares jump on surprise election result
The FTSE 100 index has surged by 2% in early trading after the British electorate has seemingly returned a majority Conservative government
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NewsLarge bread loaves 15p cheaper due to supermarket price wars
Supermarket price wars have sliced 15p off the average price of a loaf of bread in the past 12 months…
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NewsMedia Bites 7 May: Sainsbury's, Imperial Tobacco, Poundland
The papers have seized upon CEO Mike Coupe’s contention that the growth of the discounters Aldi and Lidl is slowing down.
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NewsCity Snapshot: Morrisons sales fall 2.9% in first quarter
Morrisons like-for-like sales fall of 2.9% beat expectations of a 3-3.5% drop, but its shares have opened down. Also Reckitt Benkiser prepares for AGM, the market reacts to Sainsbury’s full-year results and all the rest of the news from the City.
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NewsImperial Tobacco sees benefits of savings
The company’s cost optimisation programme is on track to deliver further incremental savings of £85m in the full year
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NewsFinsbury Food Group rescues Johnstone’s Just Desserts from administration
Finsbury Food Group is back on the acquisition trail after agreeing to rescue Johnstone’s Just Desserts from administration.
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Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.