Finance news – Page 591
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NewsStandard & Poor’s joins Moody’s in cutting Tesco’s ratings to junk
Tesco’s corporate credit ratings have been cut to junk status by Standard & Poor’s, following Moody’s action last week.
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NewsFood cans supplier merger under competition investigation
Sonoco’s €286m acquisition of Weidenhammer Packaging Group is to face scrutiny from the CMA amid competition worries.
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NewsC&C Group's shares plunge after weak third quarter trading
C&C Group’s shares fell more than 10% in early trading after it cut profits expectations and warned that third quarter trading was below expectations.
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NewsBakkavor expands US convenience footprint with B. Robert’s Foods acquisition
International food group Bakkavor has built its US ready meals capababilities with the acquisition of North Carolina-based fresh prepared foods manufacturer B. Robert’s Foods.
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NewsGreggs on a roll as sales soar over Christmas
Shares in Greggs have rocketed again this morning as the bakery chain reported a “very strong” finish to 2014 and said its full-year results would beat previous expectations.
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NewsAsda cuts fuel prices again, now below 104ppl
Supermarket gets out ahead of competitors in fuel wars, Sainsbury’s and Tesco respond immediately
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NewsTesco shares rise on Christmas figures and Lewis' intervention
The supermarkets seldom saw any news that wasn’t bad last year, so it is little surprise that the emergence…
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NewsTesco to close 43 stores and pull plug on 49 new openings
As Tesco boss Dave Lewis this week announced unprecedented plans to close 43 unprofitable stores…
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NewsEid family back in charge as Aryzta spins out Honeytop
Swiss food group Aryzta is spinning out its £80m UK-based flatbreads division Honeytop into a joint venture…
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NewsEnglish Garden Tea saved from administration by Blue Cap
Speciality drinks supplier English Garden Tea has been given a new lease of life after being rescued from administration…
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News1,800 jobs at risk as Coca-Cola cuts continue
Coca-Cola is set to swing the axe this year as it continues to try and cut its way to growth with up to 1,800 of its workers…
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NewsMoody’s downgrades Tesco credit rating to junk status
Tesco has lost its investment grade credit rating with Moody’s Investors Service after the ratings agency downgraded the supermarket by one notch last night.
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NewsFood growth not enough to save Christmas for M&S
Marks & Spencer shares fell by 3.5% in early trading today despite a 2.8% rise in third quarter food sales after it revealed a slump in general merchandise revenues.
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NewsMeadow Foods responds to growth by increasing processing capacity
Dairy producer will be able to deal with surplus milk volumes
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NewsMajestic Wine squeezes margins to achieve Christmas sales growth
Majestic Wine has boosted like-for-like UK sales growth by more than 1% over Christmas by squeezing its margins in a bid to offer competitive prices to its customers.
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NewsSainsbury's sales fall amid "challenging" conditions
Sainsbury’s posts 1.7% decline in like-for-like sales in third quarter, chief executive cites “uncertainty”
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NewsFormer Morrisons commercial chief Richard Hodgson joins Premier Foods board
Former Morrisons and Waitrose commercial director Richard Hodgson has joined Premier Foods as a non-executive director.
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NewsCompetition watchdog confirms Pork Farms merger probe
CMA to probe Pork Farms’ Kerry Foods deal An in-depth investigation into Pork Farms’ acquisition of the chilled savoury and pastry business of Kerry Foods is now underway after the food producer failed to ease the concerns of the Competition and Markets Authority (CMA), the watchdog has ...