Finance news – Page 593
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NewsWaitrose 'likely' to sever ties with Ocado, say analysts
Waitrose is “more likely than not” to sever its partnership with Ocado, with its notice to end the agreement…
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NewsPremier Foods to rethink controversial supplier investments
Darby. “Many suppliers have invested with us and have grown their business.” Premier Foods is to rethink its controversial Invest for Growth programme after it became a “political football”. The programme asked suppliers to make an investment payment to Premier to help fund the company’s growth strategy. ...
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NewsSuppliers voice support for Premier Foods investment payments scheme
Premier Foods has responded to the furore over “investment payments” by releasing comments from suppliers backing the scheme. BBC’s Newsnight program has suggested Premier has received “millions” of pounds from suppliers under the scheme. The programme said a member of Premier staff had told a supplier those ...
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NewsPremier Foods rejects accusations it is forcing suppliers to "pay to stay"
Premier Foods has insisted that its controversial policy to ask suppliers for “investment payments” is voluntary and non-payment will not result in de-listing.
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NewsLosses escalate at Tesco-backed Harris + Hoole
Annual losses at Tesco-backed coffee chain Harris + Hoole have widened to £12.8m as it counts the cost of its rapid expansion plans.
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NewsTesco shakes up senior management team as Matt Simister returns after suspension
Tesco CEO Dave Lewis has revealed a new management line up in the wake of the crisis over its £263m accounting scandal and, temporarily at least, is taking over day to day leadership of the UK operation.
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NewsWest Berkshire Brewery planning £4m expansion
West Berkshire Brewery is aiming to raise £4m through an Enterprise Investment Scheme
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NewsBritvic buzz goes flat - though analysts aren't too worried
The buzz from Britvic’s fizzing annual profit growth went decidedly flat this week…
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NewsCoca-Cola and SABMiller combine African soft drinks bottling operations
Coca-Cola, UK-listed brewer SABMiller and Gutsche Family Investments, the majority owners of in Coca-Cola Sabco, will form a new joint soft drinks bottling venture across 12 African countries.
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NewsIglo revenues frozen in a declining frozen food market
Birds Eye owner Iglo Group is battling to achieve its growth targets in the face of a declining European frozen market…
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NewsPayPoint plans to roll-out retail technology after revenue hike
Payment technologies business PayPoint believes the company can tap into iBeacon to the benefit of its retail customers.
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NewsPoundland on the expansion trail after 15% first half sales growth
Poundland has has given a further indication of the enduring strength of the discount sector with a strong set of half-year results.
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NewsProfits up 18% at Britvic as UK competition intensifies
Shares in drinks maker Britvic fell this morning despite it exceeding full-year profit forecasts as it warned 2015 revenue growth would be constrained by fierce competition.
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NewsGreencore benefits from double-digit food-to-go growth
Greencore has posted a 7.4% like-for-like full-year revenue increase on booming food-to-go sales after a period of significant strategic change.
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NewsWhite's Oats announces £1m drive to grow sales and presence
Northern Irish cereal supplier White’s Oats has announced a £1m drive to grow its presence in the UK and further afield…
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News20% supermarket capacity cut call is 'doomsday scenario'
A controversial new report by Goldman Sachs calling on Tesco, Sainsbury’s and Morrisons to shut 20% of store capacity…
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NewsShoppers lose faith in Tesco due to £263m accounting black hole
More than 60% of shoppers have lost trust in Tesco as a direct result of the scandal…
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NewsB&M European Value Retail growth boost of nearly 30%
Most grocery retailers would kill for any kind of growth at the moment…
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NewsRaisio buys rights to Benecol in the UK ahead of global growth push
Finish food group Raisio has acquired the rights to cholesterol lowering food brand Benecol in the UK, Ireland and Belgium
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NewsMarfrig confirms plans for 2015 Moy Park float
Marfrig has pledged to float Irish poultry business Moy Park in 2015 unless derailed by another decline in market conditions.