Finance news – Page 583
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NewsGreggs shares soar on record profits and seven-year like-for-like sales high
Shares in Greggs (GRG) have soared once again today as the high street bakery chain posted record profits and the strongest like-for-like sales seen since 2007.
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NewsPoundland found guilty of misleading consumers
Dispute centres around claim of “Everything for £1”, upheld after 3 complaints some items cost over £1
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NewsAnnual food prices fall for second consecutive month
Fresh food category reaches record low, first time ever index has reported two consecutive months of annual price deflation
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NewsCity snapshot: Greggs celebrates 'exceptional' progress with record profits
High street bakery chain Greggs has puffed up like-for-like sales to the strongest levels since 2007 on the back of favourable market conditions
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NewsMedia Bites 4 March: Morrisons, organic farming, Target
In a quiet morning for retail, a former Morrisons executive jailed for insider trading dominates the papers
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NewsUnilever extends personal care range with REN Skincare deal
Unilever has agreed to acquire a British skincare brand as it seeks to expand its range of personal care products.
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NewsSalisbury Poultry to invest £10m at former First Milk site in Wales
A £10m investment in a poultry processing plant in Wales has been given the green light, paving the way for the creation of 150 jobs in Wrexham.
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NewsRefresco Gerber opts for Dutch listing over private equity buyout
Dutch drinks bottle Refresco Gerber has announced its intention to float on the Amsterdam stock exchange, potentially dashing the hopes of a number of private equity suitors.
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NewsMcColl’s shares plunge as consumer environment remains challenging
Shares in McColl’s Retail Group plunged almost 11% on opening this morning after the c-store chain warned that the market remained “challenging and competitive”
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NewsCity snapshot: McColl's puts in 'best-ever' year but challenges remain
Top story C-store chain McColl’s Retail Group (MCLS) has announced its “best-ever” set of results in its maiden full-year as a listed company. Revenues exceeded £900m for the first time, growing 6.1% from £869.4m in 2013 to £922.4m in the 53 weeks to 30 November – when ...
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NewsMedia Bites 3 March: Morrisons, M&S, coffee
Morrisons new management team looks set to take an axe to the dividend in a bid to free up money to invest in the retailer’s turnaround.
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NewsBritish American Tobacco sparks up auditor search
British American Tobacco is looking for a new auditor after ending its agreement with Big Four firm PwC.
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NewsTesco gamble cost Warren Buffett $444m
Veteran investor Warren Buffett has admitted his “leisurely pace” when it came to selling off shares in Tesco cost his firm Berkshire Hathaway $444m.
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NewsM&S updates Chinese expansion plans
Marks & Spencer updates with Asian growth plans as it reaffirms commitment to entering Beijing
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NewsThorntons profits hit by major supply reductions
Chocolatier Thorntons has reported a 10% fall in first half profits due to an “unanticipated” plunge in sales to two major grocers
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NewsMedia bites 2 March: Unilever, Warren Buffett, Morrisons
Investors call on Unilever should sell its underperforming Flora margarines business and buy more personal care companies
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NewsCity snapshot: Supermarket price war derails Thorntons' strategic plans
Thorntons’ shift from a retail-focussed business to an fmcg supplier is not quite going according to plan after a 10% fall in first half pre-tax profits. Plus, this week’s City diary and all the latest news from the market.
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NewsFyffes to pursue deals in 2015 after earnings hike
Fyffes has grown earnings by 28.1% to €40.1m in 2014 as its sales nudged upward by 0.8% to €1.09bn.
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NewsCold brew coffee makers drink to crowdfunding success
Two UK drinks companies are looking to take advantage of the rapidly growing trend for cold brew coffee after raising more than £260,000 on a crowdfunding website.
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NewsFortnum's new St Pancras store grows ahead of targets
Upmarket retailer reported 42% sales growth year on year for the period of November-February and the store’s best performing category was tea