Finance news – Page 587
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NewsPoundland share price slips as largest shareholder sells 14% stake for £142m
Poundland’s majority shareholder Warburg Pincus has netted £142m from the sale of almost half its remaining stake in the discount chain.
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NewsReckitt Benckiser targets margin expansion with "project supercharge" efficiency drive
Reckitt Benckiser is embarking on a major cost efficiency drive after beating market expectations with 4% full-year revenue growth.
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NewsMedia Bites 11 February: Tesco, Coca-Cola, Ocado
Tesco’s return to growth after a year of falling sales has plenty of pick up across the media.
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NewsCity snapshot: Reckitt beats expectations amid new efficiency drive
Newly slimmed down consumer goods giant Reckitt Benckiser released a solid set of annual results this morning
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NewsInnocent consolidation hurts Coca-Cola's European results
The consolidation of the Innocent juice and smoothie business impacted The Coca-Cola Company’s financial performance in Europe last year. The company said the consolidation of Innocent unfavourably hit operating margins because of the higher cost structure associated with finished goods businesses and because of Coca-Cola’s level of ...
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NewsMillerCoors CEO Tom Long to retire in June
Tom Long is to retire as CEO at MillerCoors at the end of June sparking a search for a succesor by the brewing business.
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NewsRouble devaluation hits Metro's first quarter earnings
German retail giant Metro experienced a 2.2% fall in reported group sales as the sharp drop in the value of the Russian rouble hit its first quarter trading.
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NewsDiageo CEO Ivan Menezes backs firm with $1m share purchase
Diageo (DGE) may be fighting a global drop in sales volumes, but CEO Ivan Menezes seems to have placed a bet on the spirit group’s share price rising after investing over $1m in Diageo shares.
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NewsTesco returns to growth as overall grocery sales rise
Tesco’s sales were back in the black for the first time in a year, according to the latest grocery share figures from Kantar Worldpanel, as the overall market grew at its fastest rate since last summer.
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NewsCity Snapshot: Discounts and healthy eating push grocery sales to 12-month high
Price cuts at the supermarkets and health-conscious consumers helped food sales to a year-long high but a reliance on discounting could be setting a risky precedent. Plus the latest City news and share price movements.
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NewsMedia Bites 10 February: Tesco, David Cameron, Co-op Pharmacy
One of Thailand’s richest men is lining up a second bid for Tesco Lotus and David Cameron urges Britain’s bosses to give a pay bump to workers.
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NewsFood sales record best month since February 2014, finds BRC-KPMG monitor
The raft of January price cuts across the supermarkets helped food sales record their best performance for a year, according to the BRC-KPMG retail sales monitor.
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NewsCamden Town Brewery looks to the crowd to raise £1.5m for London expansion
Camden Town Brewery is hoping to raise £1.5m as part of a crowdfunding pitch to finance the opening of a new brewing site in London.
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NewsMedia Bites 9 February: Tesco, Rexam, Poundworld
The fallout from The Grocer Code Adjudicator’s decision to launch a formal investigation continued over the weekend.
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NewsCity snapshot: New Britain Palm Oil moves to push through takeover
New Britain Palm Oil announced this morning it has cut the offer period for the takeover bid for Sime Darby, plus Tesco’s new demands on suppliers, the latest City news and what’s coming up this week.
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NewsCrowdfunding: food & drink companies pick up £1m this year
Food and drink companies have raised more than £1.2m on crowdfunding platforms so far in 2015 as this alternative source of finance continues to grow in popularity.
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NewsWinterbotham Darby takes majority stake in dip supplier G'Nosh
Specialist food supplier Winterbotham Darby – producer of own-label lines and the Unearthed meat and tapas brand…
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NewsPartner in Pet Food trebles its UK sales after Tesco supply deal
European petfood supplier Partner in Pet Food (PPF) has trebled its UK sales in the past year after securing a deal to supply Tesco with own-label dry and wet foods.
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NewsHave Dairy Crest's rivals set sights on its stable of brands?
As Dairy Crest waits for the sale of its liquid milk division to Müller to be cleared by the competition authorities, major dairy players are believed to be gearing up to make a play for its branded business.
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NewsTate & Lyle issues another profits warning on US sweetener weakness
Sucralose producer Tate & Lyle (TATE) has cut profit guidance for the third time in a year as it suffers from low US volumes and low sweetener prices.