All Finance articles – Page 90
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NewsSainsbury’s: LFLs down and warns on deflation
Sainsbury’s has revealed like-for-like sales (LFLs) fell during the important festive period – and warned the remainder of its financial year would be “challenging”.
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NewsWaitrose sees strong festive sales
Like-for-like sales increased by 2.8% at supermarket Waitrose over the Christmas period – the sixth consecutive year it has outperformed the market.
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NewsADM to sell global cocoa business to Olam
Archer Daniels Midland Company (ADM) is to sell its global cocoa business to Olam International, the global commodity processer and trader, for £830m ($1.8bn).
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NewsReal Good Food bullish despite profit drop
The ongoing dispute with a rival sugar company has continued to impact on Real Good Food’s (RGF’s) financial results, as the group showed a pre-tax profit loss of £5.2m.
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NewsGreggs’ shares soar on profits guidance
Shares in Greggs soared yesterday after the bakery retailer revealed that increased sales would mean better-than-expected profits.
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NewsUK coffee shops outperform retail
The UK coffee shop market is outperforming the UK retail sector, with significant sales growth of 10.7% on last year equating to £7.2 bn in turnover.
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NewsPremier Foods criticised over controversial supplier payments
Premier Foods, the company behind Mr Kipling cakes, has hit the headlines for asking suppliers to hand over money – or risk losing contracts.
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NewsTesco-backed café sees financial loss
Coffee chain Harris + Hoole has made a pre-tax loss of £12.8m in its year-end results.
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NewsAryzta reports European revenue rise for first quarter
Aryzta, the Swiss frozen bakery giant, has seen revenue up 7% for Food Europe to £320.1m (€404.1m), in its first-quarter trading statement.
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NewsFinsbury bosses to benefit from share issue
The chief executive and finance director of Finsbury Food Group have been issued shares to the value of more than £146,000.
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NewsThree of Cheshunt Eight leave Tesco
Three of the suspended Tesco executives have reportedly left the company.
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Product NewsNBPO see sales soar while take over plans are stalled
New British Palm Oil (NBPO) has seen sales for the first nine months of 2014 rocket to £320.7m ($503m) from £274.9m in the previous year.
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NewsSales up 4% at SSP
SSP, the global giant behind travel brands such as Upper Crust and Caffè Ritazza, has seen revenue increase by 4% - helped by a strong performance in the UK.
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NewsUB and Cargill strike deal on chocolate
United Biscuits (UB), the international manufacturer of biscuits, has signed a three-year partnership with a fellow international producer to focus on its sweet biscuits.
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NewsFinsbury AGM outlines high hopes for Fletchers acquisition
Finsbury Food Group has said it is confident there will be increased growth and sales, thanks to the buy-out of Fletchers’ cake business earlier this year.
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NewsPatisserie Holdings reveals big jump in revenue
Patisserie Holdings has reported this morning that revenue is up 27.5% to £76.6m while its main trading café brand Patisserie Valerie is up 20%.
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NewsFood to go drives Greencore growth
The UK’s leading sandwich and celebration cake company, Greencore, has outperformed the food to go market, with like-for-like revenue growth of 15.3% in the past year.
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NewsFortnum & Mason enjoys busiest year in store history
Luxury retailer Fortnum & Mason has seen a 14% increase in overall sales for the year up to July 2014, compared to last year.
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NewsGail’s opts for private over public growth
Gail’s Bakery has reportedly ended talks of stock market flotation, and will now focus on growing the business privately.
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News
Crepe firm plans broad international growth
London-based Crepeaffaire is on the verge of major UK and international expansion plans with four new UK sites in the next four months.