Finance news – Page 410
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NewsP&G defies US consumer gloom to post fourth quarter organic growth
Consumer goods giant P&G (PG) has shrugged off the malaise over the US consumer goods sector to report 2% organic sales growth in both its fourth quarter and full-year to 30 June. Following weak organic sales updates in recent days from Kimberly-Clark and Johnson & Johnson, P&G ...
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NewsDanone growth held back by weakness in dairy division
French dairy giant Danone just about stayed in growth in the second quarter and first half of its financial year as it struggled to battle industry challenges in Europe and North America.
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NewsDiageo share price surges on positive full-year results
Diageo’s organic net sales growth hit 4.3%, raising the group’s spirits
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NewsWilko blames 'severe economic headwinds' for profit slump
Like-for-like sales were up 1% in its 2016/17 financial year
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NewsAB InBev credits 'standout' performance to premium beers
The brewing giant posted top-line double-digit growth for Q2, boosted by a strong performance for Bud Light
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NewsThe number of jobs in the industry falls 3.3% on a year ago
The latest BRC Retail Employment Monitor showed reductions in hours worked on both full-time and part-time contracts
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NewsMedia Bites 27 July: Fever-Tree, chlorinated chicken, horsemeat, Marston's
A bumper pay day for Fever-Tree co-founder and CEO Tim Warrillow as shares in the premium mixer brand soared takes up plenty of column inches in today’s papers.
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NewsCity snapshot: Nestlé misses expectations in first half
Sales at Nestlé in the first half failed to meet expectations despite the benefit of a late Easter.
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NewsPrice drives 3% second quarter sales growth at Coca-Cola
Increased pricing has driven a 3% underlying rise in second quarter sales at Coca-Cola, though the refranchising of its bottling opperations caused a double-digit headline sales decline.
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NewsCity snapshot: Underlying sales rise at PayPoint despite third quarter volume decline
Group organic revenues are up 4.2% in the third quarter at payments specialist PayPoint despite a 4.5% reduction in volumes. Marston’s beer volumes boosted by warm summer weather, strong US growth boosts Compass Group, Fever-Tree breaks through 2,000p per share and all the rest of the latest news from the City
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NewsMedia Bites 26 July: Unilever, Fever-Tree, McDonalds
Unilever’s sale of its £6bn spreads division looks set to begin in earnest after two of America’s biggest private equity firms teamed up to make an offer.
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NewsBritish American Tobacco ties up $49.4bn Reynolds deal
British American Tobacco has completed the acquisition of Reynolds American in a “transformational” deal as part of its long-term growth strategy.
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NewsCurrency devaluation in Nigeria hits sales at PZ Cussons
Full-year revenues have fallen at household and consumer products manufacturer PZ Cussons as currency devaluation in Nigeria, its largest market, continued to drag, as well as general tough trading conditions across the rest of the world.
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NewsFever-Tree shares pop 12% as posh mixer brand upgrades profits forecasts again
Shares have soared more than 12% at Fever-Tree today as UK demand for its posh mixers showed no sign of slowing, with first-half profits more than doubling.
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NewsRefresco swallows Cott bottling business for £1bn
The deal will create the world’s largest independent bottler for retailers and brands in Europe and North America with a combined production volume of approximately 12 billion litres, Refresco said.
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NewsLindt held back by US woes but UK fuels growth in Europe
Lindt increased revenues by 3.1% to 1.5bn Swiss francs (£1.2bn) in the first six months of 2017 despite a stagnating chocolate market, partly thanks to “very good” results in the UK, but it cut full-year forecasts due to struggles in North America.
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NewsRevenues up 182% for Euro Garages owner Intervias Group
Euro Garages accounted for the main bulk of the record revenues, with income up 163% to €2.9bn…
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NewsMedia Bites 25 July: Reckitt Benckiser, McColl's, shrinkflation, Tesco
Reckitt Benckiser’s half-year results get plenty of traction in the papers today as the Dettol maker strugglesto shake off the impact of last month’s cyber attack. Results at McColl’s are also in focus, as is an ONS report on shrinkflation.
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NewsCity snapshot: Sales fizz at Fever-Tree on UK performance
Sales have soared 77% at premium mixer brand Fever-Tree to £72m in the first half on the back of “exceptional” growth in the UK. Plus, the latest UK supermarket market share data from Kantar Worldpanel and Nielsen; Refresco to acquire Cott’s bottling operations for $1.3bn; Lindt reveals growth in stagnating chocolate market; and PZ Cussons continues to struggle in Africa as it reveals full-year results.
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NewsPromise Gluten Free bought by Mayfair Equity Partners
Free-from Irish bakery supplier Promise Gluten Free has sold a majority stake to private equity player Mayfair Equity Partners.