Finance news – Page 579
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NewsFinsbury Food Group eyes further M&A to build £500m business
Finsbury Food Group is eyeing further acquisitions to help grow the bakery and cake supplier into a £500m business.
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NewsDrambuie sales suffer as revenues fall in US and Europe
If currency fluctuations were stripped out, it would have meant a 4% rise on the previous year, according to newly filed accounts
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NewsMedia bites 27 March: ONS, Kraft, Warren Buffett
Yesterday’s Office of National Statistics figures on UK retail sales are making plenty headlines this morning.
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NewsCity snapshot: Easter preparation stabilises Waitrose sales
Sales at Waitrose were up 1.9% in the week to 21 March as the supermarket settles into a period of modestly rising sales but declining like-for-likes.
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NewsKerryfresh plans online and 100 new lines in wake of MBO
Kerryfresh is planning to launch online later this year, as well as introduce new products and add new customers
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NewsFood prices plummet and spending increases as deflation bites
ONS data sheds light on the unique set of circumstances currently unfolding in the retail industry
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NewsMedia Bites 26 March: Heinz Kraft, Warren Buffett, Fonterra
It’s little surprise that coverage of the sector is dominated by the $40bn Heinz Kraft merger this morning.
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NewsCity snapshot: Unanswered questions over Heinz Kraft's international plans
The global mega-meger of Heinz and US-listed Kraft is the first super-scale merger of this cycle and could now kick off a race of grocery/fmcg consolidation
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NewsHeinz and Kraft Foods announce global mega-merger
Heinz and Kraft Foods will merge to create the world’s fifth largest food and drink company after Heinz owner 3G Capital agreed to acquire Kraft.
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NewsHilton revenues fall as prices and currency movements bite
Revenues reduced by 2.3% from £1.12bn to £1.1bn, reflecting a 4.6% unfavourable movement in exchange translation
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NewsCity Snapshot: Hilton Food Group sales slip during year of investment
Hilton Food Group has reported falling sales despite rising volumes as the meat packing company is hit by unfavourable exchange rates
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NewsMedia Bites 25 March: 3G Capital, Kraft, Morrisons
3G Capital is reported to be in advanced talks with Kraft over a potential mega deal
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NewsMedia Bites 24 March: Morrisons, Tesco, Halfords
Morrisons has been accused by a leading City analyst of issuing a “stealth profit warning”
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NewsCity snapshot: Profits fizz at Irn-Bru maker AG Barr
Irn-Bru maker AG Barr has enjoyed a 10% jump in full year pre-tax profits as sales grew across all its core brands.
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NewsFletchers acquisition boosts Finsbury Food Group revenues
Cake and bakery supplier Finsbury Food Group has reported a 24.1% jump in first half revenues after being boosted by its acquisition of Fletcher’s Bakery Group.
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NewsFever-Tree's sales and earnings grow by almost 50%
Sales and earnings at premium drinks mixer supplier Fever-Tree were both up by almost 50% in its first year as a listed company.
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NewsMüller acquisition of Dairy Crest moves one step closer
European Commission refers the proposed £80m transaction back to the UK’s Competition and Markets Authority
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NewsCity Snapshot: Soaring sales at Fever-Tree
Sales and earnings soar at premium mixer brand Fever-Tree. Plus positive first-half figures send Finsbury Food Group shares upwards, and Dairy Crest’s sale of its dairies to Müller is back in the hands of the CMA.
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NewsMedia Bites 23 March: Asda, Aldi, Greggs
Asda is set to trial a smaller format as it expands in the South; Aldi will expand at twice the rate of rivals in 2015; and Greggs is winning the battle for hearts and minds as a coffee shop.
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NewsDavid Potts makes £1m show of faith in Morrisons
New Morrisons CEO David Potts has made a public show of faith in the embattled supermarket by buying more than £1m of its shares during his first week in the top job.