All Finance articles – Page 105
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NewsCSM UK sees profit almost halve
CSM United Kingdom saw operating profit fall by 46% for the full year to 31 December 2011.
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NewsGreggs to reduce reliance on high street shops
Greggs’ like-for-like sales fell again, down 2.6% in the third quarter, while new channels helped boost total sales by 5.9%.
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News
Sainsbury’s is ‘star performer’ in supermarket share update
Sainsbury’s has grown its market share by 0.3% over the past year to 16.5%, making it the “star performer” in Kantar Worldpanel’s latest supermarket share data.
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NewsWalkers profits hit by increased commodity prices
Family-owned firm Walkers Shortbread saw its sales increase – but profits remain static – as it hit by global commodity price rises.
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NewsWeb exclusive: Tesco playing catch up with bakery
A senior boss at Tesco admitted the company’s bakery offering had to “catch up” with rivals - as he announced plans for a new training centre for the supermarket chain.
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NewsTesco sees profit plunge
Britain’s biggest supermarket chain Tesco this morning reported a fall in half-year profits for the first time in around two decades.
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Starbucks to open in India
Starbucks Coffee is continuing its global expansion and is to open its first store in India at the end of October.
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NewsSainsbury’s sees first-half sales growth up
Sainsbury’s has reported sales for its second quarter rose 4.3%, with like-for-like sales up 1.9% for the 16 weeks to 29 September 2012.
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NewsPremier appoints chief operating officer
Premier Foods has appointed Geoff Eaton as chief operating officer in a bid to accelerate the business’ transformation strategy.
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Product News
Tate & Lyle: emerging markets show growth
Volume growth and increased sales for speciality ingredients in the US and emerging markets will help Tate & Lyle achieve its expectations for the first half, the global ingredients firm claimed this morning.
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Food revenue up at Aryzta
Revenue in Aryzta’s Food Europe division rose 7.5% for the full year to 31 July 2012, to €1.273bn (£795.53m).
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NewsCake sales grow at Finsbury
Finsbury Food Group achieved a group revenue increase of 9.4%, in its full-year financials, as its cake division continued to grow.
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Genius strikes Spanish pastry deal
Gluten-free specialist Genius has signed a deal with French supermarket chain Carrefour to supply 10 of its products, including gluten-free croissants and pains au chocolat, to stores in Spain.
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RGFC gears up for growth
The Real Good Food Company (RGFC) has reported that the group is on track for strong third-quarter growth at its Annual General Meeting.
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NewsAllied Bakeries hit by competitive market
Restructuring costs and margin declines at Allied Bakeries have contributed to a decline in adjusted operating profit for Associated British Foods (ABF).
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NewsHummingbird moves into Middle East
The Hummingbird Bakery has signed a new international agreement with a Dubai-based franchise partner, according to reports.
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News“Poor weather” boosts Costa’s sales
Costa has reported yet another successful quarter, as UK retail system sales rose by almost 20% to £234.3m.
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LFLs down 0.9% at Morrisons
Supermarket chain Morrisons this morning unveiled a 0.9% dip in like-for-like sales (LFLs) in its half-year results.
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UK high streets see rise in bakeries
A new study has revealed that the number of bakeries operating on the UK’s high streets has increased by 17%.
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BB OPINION: VAT changes will still affect some
Nev Clarke, VAT consultant at BDO’s Leisure & Hospitality Team, gives an update on the government’s stance on VAT and hot food.