Finance news – Page 596
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NewsHome Bargains owner TJ Morris boosts revenues by 21%
TJ Morris, which trades as Home Bargains with more than 320 stores, is on track to achieve its stated aim of at least 700 stores within five years.
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NewsDanone's sales boosted by recovery in baby foods
Danone’s sales rose 6.9% on a like-for-like basis in the third quarter, driven by strong sales growth in baby food.
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NewsSABMiller’s volumes dip on Australia and China weakness
Global brewer SABMiller announced a 1% dip in second-quarter beverage volumes after a marked slowdown of beer sales in Asia Pacific.
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NewsReady meals specialist Bigham's doubles its retail sales
Upmarket ready meals specialist Charlie Bigham’s almost doubled its sales last year as it scaled up investment…
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NewsMore Brits drinking at home as pub sales carry on falling
Brits are boozing more at home as drink sales in pubs continue to fall, according to exclusive research for The Grocer…
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NewsNestlé boss calls for 'more effective' UK exports support
Nestlé UK boss Fiona Kendrick has called on the government to work more efficiently to support UK food companies…
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NewsAsda’s operating profit rockets by 18.3% in 2013
Asda saw a significant profit hike last year despite losing market share, new accounts in Companies House reveal.
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NewsInnocent sees profits dip despite growing European sales
Profits dipped at Innocent Drinks last year as the smoothie and juice supplier experienced a slowdown in UK growth…
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NewsTesco shows signs of recovery as new hires impress investors
Has Tesco finally hit rock bottom? Although there will be plenty of bumps in the road still to come…
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NewsWeetabix revenues up despite 'toughest conditions in decade'
Weetabix shrugged off the toughest market conditions for a decade to grow revenues and profits…
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NewsFCA launches probe into Tesco's £250m black hole
Financial Conduct Authority has launched a “full investigation” into the circumstances behind the £250m black hole in Tesco’s accounts.
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NewsTacon asks Tesco to look for breaches of Groceries Code
Groceries Code Adjudicator Christine Tacon has asked Tesco to examine its behaviour towards suppliers during the company’s internal review into the £250m overstatement of its profits.
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NewsWhittard profits climb as it chases global presence
Tea and coffee specialist Whittard of Chelsea saw annual profit rise by 43% last year as it extended its London retail footprint.
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NewsBanana merger sweetened for Chiquita shareholders
Chiquita and Fyffes have agreed to revise the terms of their merger to give Chiquita shareholders a larger proportion of the merged company.
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NewsBirds Eye owner Iglo Group records revenue dip
Iglo Group, the European owner of Birds Eye, saw a 0.9% slide in constant currency sales during the second quarter due to “tough market conditions”.
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NewsTesco admits McIlwee not in charge of finance for five months
Tesco faced yet more questions over its financial management today after it admitted it had effectively been without a director in charge of finance for the past five months.
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NewsUK regulator drops Napier Brown’s British Sugar pricing complaint
The UK’s Competition and Markets Authority will not take forward Napier Brown’s complaint against British Sugar that the Associated British Foods-owned company was abusing its dominant market position.
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NewsTesco's new CFO Alan Stewart joins crisis-hit retailer a month early
Tesco’s new chief financial officer Alan Stewart has been parachuted in more than a month ahead of schedule in the wake of yesterday’s shock announcement of a £250m overstatement of profits.
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NewsTesco chairman Sir Richard Broadbent under fire over accounting mess
The position of Tesco chairman Sir Richard Broadbent is coming under fierce scrutiny after the latest events to hit the retailer rocked the City.
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NewsTesco shock profit warning: the City reacts
Tesco shocked the City today by announcing it had discovered it had overstated its profits by £250m. Here’s our round-up of how leading City and industry analysts reacted to the news.