All Finance articles – Page 54
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NewsSainsbury’s underlying profits down 14%
Sainsbury’s has announced a fall of 14% in underlying yearly profits in its trading update, but saw a turnaround in pre-tax profits, which were up by £620m.
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NewsVillage Bakery wins south Wales Tesco contract
Wrexham-based Village Bakery has struck a deal to supply 27 Tesco stores in south Wales, adding to the 16 it already sells to in north Wales.
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NewsAsda to change "misleading" promos
Supermarket giant Asda has agreed to make changes to “misleading” promotional practices as part of a wider crackdown by The Competition and Markets Authority (CMA).
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NewsMajor shareholder accuses Premier Foods of ‘arrogance’
A major shareholder has accused Premier Foods of “arrogance” in its handling of US suitor McCormick.
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NewsCosta sales up 15.7%
Costa Coffee owner Whitbread has reported that UK retail sales at Costa were up 15.7% in the year ending 3 March.
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NewsDumfriesshire bakery sells to garage firm
Dumfriesshire-based Gretna Bakery has been sold for an undisclosed sum to garage business Hills of Lakeland.
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NewsWaitrose exports biscuits to China
The supermarket has started to sell its Waitrose Duchy Organic biscuits to China, as part of a new deal to export to the country for the first time.
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Product NewsNew export guidance from FDF and FDEA
The new guidance for food and drink manufacturers from the Food and Drink Federation (FDF) and the Food and Drink Exporters Association (FDEA) is designed to help exporters compete in the global marketplace.
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Product NewsPret sales up thanks to breakfast
High street coffee chain Pret A Manger’s financial results for the 52 weeks to 31 December 2015 showed group sales were up 13.9% year on year (YOY) to £676.2m (+7.5% like-for-like). Ebitda was up 14.5% to £84.3m.
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Product NewsABF profits up despite “challenges” in bakery
Kingsmill owner Associated British Foods (ABF) has seen grocery profits rise, despite a fall in sales and “challenges” within the UK bakery market.
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NewsWilliam Jackson Food Group acquires health food brand
William Jackson Food Group has acquired healthy snacking and bread brand The Food Doctor for an undisclosed sum.
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NewsCoffee sales to hit over £3bn in 2016
Coffee shop’s sales are expected to hit £3.14bn this year, according to new research by Mintel.
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NewsPremier Foods criticised by leading shareholder
Premier Foods has come under fire from a leading shareholder after McCormick walked away from negotiations to buy the Mr Kipling producer.
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NewsOnline grocery boom worth £8.6bn last year
One in four consumers now shops for groceries online, according to a new survey by Mintel.
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NewsTesco records first quarterly sales growth in three years
Supermarket giant Tesco reported a £162m pre-tax profit for the year to 27 February, its first quarterly sales growth since 2013.
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NewsCaffè Nero scraps free staff lunches following NLW
High street coffee chain Caffè Nero has stopped giving its staff free lunches, in response to the National Living Wage (NLW), which came into effect on 1 April.
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NewsMcCormick drops bid for Premier Foods
US spice brand McCormick has walked away from talks to buy Mr Kipling-maker Premier Foods after examining its books.
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NewsCosta MD resigns
High street café Costa Coffee has announced that managing director Christopher Rogers is to step down.
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NewsTesco rumoured to be selling off Euphorium and Harris + Hoole
Tesco is reportedly on the verge of selling its offshoots Euphorium Bakery and the coffee shop chain Harris + Hoole.
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Product NewsCarr’s Group ekes out profit rise despite fall in revenue
Carr’s Group has reported a small 0.5% rise in operating profit to £9.6m for the six months ended 27 February 2016, despite a 9.4% plunge in revenue to £189.1m.