Finance news – Page 576
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NewsNestlé beats Q1 expectations with sweet organic sales growth
Food behemoth Nestlé registered sales of CHF20.9bn (£14.6bn) in its first quarter thanks to organic growth being ahead of expectations at 4.4%.
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NewsCity snapshot: Nestlé records first quarter growth despite currency impact
Nestlé shrugged off the strength of the Swiss Franc to record better than expected first quarter sales this morning.
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NewsMedia bites 17 April: Morrisons, Tesco, Unilever
New Morrisons boss David Pott’s decision to cut head office staff and hire in stores is making plenty of headlines this morning.
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NewsBernard Matthews reduces annual losses as cost cutting takes effect
Turkey giant Bernard Matthews experienced a “significant improvement” in the performance of its UK business during the 12 months to 29 June 2014, despite a fall in revenues of £39.9m to £306.8m.
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NewsDiageo shares drop following sales decline in many markets
Diageo’s share price fell almost 3% today after the drinks giant reported declining sales in many regions. -
NewsCurrency issues drive 2% drop in SABMiller reported revenues
SABMiller’s group net producer revenue (NPR) grew 4% in the financial year from April 2014 to March 2015, the company announced in a trading update today.
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NewsWH Smith profits rise in face of falling sales
Sales have dipped while pre-tax profits continued to grow at high street retailer WH Smith, according to its interim financial results released today.
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NewsMedia Bites 16 April: Tesco, Sainsbury’s, Co-op
Tesco gets set to hand back last corporate jet; Sainsbury’s reveals plans to give food space over to non-food; and new Co-op chairman Allan Leighton is accused by old guard of being a ‘dictator’.
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NewsCrawshaw carves space into the North West with £3.9m Gabbotts deal
Crawshaw Group is taking steps toward its ambitious target of running 200 stores after paying £3.9m to snap up Gabbotts Farm.
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NewsMedia bites 15 April: Poundland, CPI inflation, Phones4u
Most of the papers remark upon Poundland breaking through the £1bn sales barrier yesterday.
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NewsCity snapshot: Currency movements help Danone to 8.1% Q1 growth
Danone makes a strong start to its financial year, Nestle confirms talks with Brakes Group over frozen division sales and all the rest of the latest news from the City.
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NewsThree senior directors axed at Nisa as new boss Nick Read rings the changes
Nisa chief executive Nick Read has become the latest new retail boss to make sweeping changes to his senior management team in a bid to arrest poor trading.
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NewsConservative Party promise to work with food industry in new manifesto
The party’s manifesto launched by David Cameron in Swindon today, unveiled plans for a Great British Food Unit to promote food exports
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NewsPoundland sales break through £1bn despite fourth quarter slowdown
Sales at Poundland soard through the £1bn barrier last year after the fixed price discounter achieved an 11.8% revenue boost on a constant currency basis.
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NewsMedia bites 14 April: Tesco, Morrisons, retail sales
Tesco could post a bigger than expected writedown on its UK supermarkets when it announces its annual results next week, Casper Meijer “forced out” of Morrisons for refusing to relocate to the UK.
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NewsCity snapshot: Poundland sales up 11.8% as revenues pass £1bn
Poundland achieved an 11.8% revenues boost in the 12 months to 28 March with sales, excluding its Spanish trial, reaching £1.1bn. UK retail sales increased by 3.2% on a like-for-like basis during March, Majestic Wine shares soar plus the all the latest from the City.
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NewsBakeaway sale saves the jobs of 60 staff
A Midlands-based baking products manufacturer which supplied the supermarkets and the food service industry has been sold out of administration, saving the jobs of all 60 staff.
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NewsAnother Morrisons senior director departs as Casper Meijer moves out
The retailer said Dutchman Meijer had decided not to commit to living a fuller part of his life in Britain, as his family remain living in the Netherlands
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NewsLabour manifesto pledges include sharp rise in NMW, targets on sugar and alcohol content
Labour also confirmed plans to extend the role of the Groceries Code Adjudicator, and a levy on tobacco companies