Company News
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Company News
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Morrisons Has Once Again Booked a Decline in Like-for-Like Sales
Jan 8, 2013Morrisons has once again booked a decline in like-for-like sales worse than the overall market, as the group struggles to maintain its share in the face of a highly price-focused consumer. According to management, the "greatest headwinds" ...
Tags: Morrisons, headwinds, convenience offering, company news
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Food and Drink Deals Dominated Large-Scale Merger and Acquisition Activity in The UK
Jan 8, 2013Food and drink deals, particularly the acquisition of Weetabix by China's Bright Food Group, dominated large-scale merger and acquisition activity in the UK in 2012, a new report by Experian shows. Food and drink was the most active ...
Tags: food, drink, acquisition, Bright Food Group
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Net Sales Are Expected to Show an Increase of 80% to US$27m in The Six Months to 31 DEC
Jan 8, 2013PureCircle, a producer of stevia ingredients, expects first-half sales to surge as food and beverage companies sign up for the natural sweetener. Net sales are expected to show an increase of 80% to US$27m in the six months to 31 ...
Tags: PureCircle, stevia ingredients, food, beverage, natural sweetener
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Wholesale Meat Supplier Rectory Foods Has Collapsed Into Administration
Jan 8, 2013Wholesale meat supplier Rectory Foods has collapsed into administration. Business recovery firm Leonard Curtis has been appointed administrator at Manchester-based rectory, which has been trading since 1996 and fell into administration ...
Tags: Rectory Foods, meat, Leonard Curtis, company news
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Sartori Is Set to Officially Launch a Chai Tea-Flavoured Version of Its BellaVitano Cheese
Jan 8, 2013US-based cheese producer Sartori is set to officially launch a chai tea-flavoured version of its BellaVitano cheese. Sartori will launch Chai BellaVitano at this month's Winter Fancy Food Show, to be held in San Francisco, California. The ...
Tags: cheese, Sartori, BellaVitano cheese, company news
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HKScan Plans to Cut up to 295 Jobs as Part of Efforts to Streamline Its Subsidiaries
Jan 8, 2013Finland-based meat group HKScan plans to cut up to 295 jobs as part of efforts to streamline its subsidiaries in its home country under a cost savings programme announced last week. The company last week revealed its HK Ruokatalo Oy ...
Tags: HKS, cost savings programme, company news, meat
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Supervalu Has Downplayed Reports It Is "Nearing" a Deal
Jan 8, 2013US retailer Supervalu has downplayed reports it is "nearing" a deal that would see Cerberus Capital Management buy some parts of the firm and take a stake in the rest of the company. According to a Wall Street Journal report citing ...
Tags: Supervalu, Cerberus Capital Management, company news, sales and profits
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County Confectionery Has Secured Funding That It Hopes Will Enable It to Double Turnover
Jan 8, 2013UK confectioner County Confectionery has secured funding that it hopes will enable it to double its turnover by increasing production and growing exports. The privately-owned Cornwall-based firm said today (7 January) it aims to double ...
Tags: UK confectioner County Confectionery, exports, turnover, company news
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The US Food and Drug Administration Has Published Two Major Requirements
Jan 8, 2013The US Food and Drug Administration has published two major requirements that it says will help prevent foodborne illnesses and improve food safety. The FDA on Friday (4 January) released two draft rule proposals that will allow it to ...
Tags: US Food and Drug Administration, foodborne illnesses, food safety
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Hyundai Releases Ahead of The Unveiling of Luxury Sedan at Motor Show
Jan 8, 2013A teaser of the Hyundai HCD-14 concept has been released ahead of the luxury sedan’s unveiling at next week’s 2013 Detroit motor show. Giving the world “a glimpse into future Hyundai premium vehicle design”, the ...
Tags: teaser, Hyundai, HCD 14 concept, luxury sedan
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Lamborghini Sesto Elemento Supercar Has Kicked off on a Bespoke Assembly Line
Jan 8, 2013Production of the ultra-exclusive Lamborghini Sesto Elemento supercar has kicked off on a bespoke assembly line inside the Italian manufacturer’s Sant’Agata headquarters. Just 20 of the 999kg track-only matt carbonfibre ...
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Total Produce Has Completed Its Acquisition of a 35% Stake in Canada's Oppenheimer Group
Jan 8, 2013Fresh fruit and veg group Total Produce has completed its acquisition of a 35% stake in Canada's Oppenheimer Group for an initial C$15m (US$15.2m). Total Produce said today (7 Januuary) that the completed deal allows for the Irish fresh ...
Tags: Total Produce, veg, fruit, Oppenheimer Group
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MMA Has Acquired Liscomb Hood Mason Co, a $2.2m Minnesota Based Revenue Agency
Jan 8, 2013US based insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has acquired Liscomb Hood Mason Co, a $2.2m Minnesota based revenue agency. Detailed terms of the transaction have not been disclosed. Founded in 1927, ...
Tags: insurance brokerage, risk management, Marsh and McLennan Agency
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Lake Norman Benefits Has Acquired Employee Benefits Practice From Aquesta Bank
Jan 8, 2013US-based Lake Norman Benefits has acquired employee benefits practice from Aquesta Bank and its wholly owned subsidiary, Aquesta Insurance Agency, for an undisclosed sum. Commenting on the deal, Lake Norman Benefits president and CEO ...
Tags: Lake Norman Benefits, Aquesta Bank, employee benefits practice
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The Segal Group Has Incorporated Its Fiduciary Liability Insurance Practice
Jan 8, 2013The Segal Group has incorporated its Fiduciary Liability Insurance Practice as its subsidiary and renamed it as Segal Select Insurance Services. The company has also appointed Brian Smith as chief operating officer of the renamed entity. ...
Tags: Segal Group, Fiduciary Liability Insurance Practice, insurance
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