Finance news – Page 592
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NewsCity News: Asda figures offer little cause for optimism
Asda may have already hit its “nadir”, but its first-quarter figures provided little cause for comfort
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NewsHigh Court rejects appeal against plain packaging for tobacco
The first phase of the European Tobacco directive comes into force today
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NewsDairy Crest enjoys profit boost after liquid milk sale
Processor reports increase in pre-tax profits after offloading dairies division to Müller
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NewsMedia Bites 20 May: Asda, Walmart, BHS, Britvic, Iceland
Asda and CEO Andy Clarke were in focus today after another quarter of terrible sales figures.
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NewsConviviality profits ahead of expectations after 'transformational' year
Sales in the 53 weeks to 1 May will be 137% up year on year to about £864m
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NewsABP chief executive Paul Finnerty to step down
Current COO Frank Stephenson will take over as CEO from 1 October
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NewsFever-Tree shares fizz to record high
Shares at Fever-Tree have rocketed by more than 18% to record levels after the premium mixer brand said trading had outperformed expectations in the first four months of 2016.
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NewsAsda Q1 sales slide 5.7%
Asda has posted a 5.7% decline in like-for-like sales in its first quarter as the supermarket continued to struggle against “fierce competition”.
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NewsScrubbys snapped up by ethnic food group from administration
Vegetable crisp brand Scrubbys has been acquired by an ethnic food manufacturer after filing for administration.
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NewsCity snapshot: Booker profits up despite like-for-like sales slip
Operating profit (before exceptional items) was up 11% to £155.1m
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NewsMedia Bites 19 May: Tesco, BHS, SABMiller
“Is deal king Luke Johnson about to buy back Giraffe?” asks The Daily Mail
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News“Super premium” growth drives up revenues at Miller Brands
SABMiller’s UK and Ireland subsidiary Miller Brands UK saw net producer revenues rise by 5% last year as UK appetite for “super premium” brands Peroni Nastro Azzurro and Pilsner Urquell grew.
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NewsDiageo appoints former Bacardi CEO as chairman
Javier Ferrán will replace outgoing chairman Dr Franz Humer
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NewsSSP Group profits take off but rail affected by Paris terror attacks
Travel concession group SSP (SSPG) has reported a more than 40% hike in first-half profits as air passenger numbers swelled but trading in railway stations in the UK and Europe slowed in the wake of the terrorist attacks in Paris and Brussels.
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NewsMedia Bites 18 May: Premier Foods, Greencore, BHS, Carlsberg
Premier Foods annual results were in the spotlight yesterday as Gavin Darby faced the media for the first time since US suitor McCormick walked away from takeover talks.
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NewsCity snapshot: SABMiller blown off course by currency headwinds
Revenues have fallen 10% to $19.8bn at SABMiller in the face of the strong US dollar
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NewsGreencore focus on food-to-go reaps dividends
Double-digit growth in food-to-go helped Greencore push up revenues 8.1% to £691.6m during the first half and raise its dividend.
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NewsHain Celestial juice deal squeezed by CMA
Hain Celestial acquisition of Orchard House Foods could lead to higher prices for supermarkets and consumers, the competition watchdog warns.
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NewsChapple & Jenkins expands warehouse to meet growing demand
The Bristol-based business has used financing from Barclays to buy an additional 33,000 sq ft of warehouse space
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NewsMedia Bites 17 May: Stock Spirits, BHS, Charlie Bigham
Vodka maker Stock Spirits is about to be engulfed in a boardroom war as millionaire investor Luis Amaral leads a coup against chairman David Maloney