Finance news – Page 516
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NewsNew Moy Park owner JBS Global sees UK profits fall 46%
The UK-based beef and pork importer JBS Global (UK) saw revenues rise by 5.9% to £157m in the year to 31 December 2015…
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NewsFrozen fruit & veg supplier Newberry gets RBS funds
Newberry supplies frozen fruit & veg to the food manufacturing sector and owns the Smootheelicious brand of smoothie pouch…
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NewsBeer volumes go flat at AB InBev
AB InBev has reported organic revenue growth of 6.3% in its 2015 financial year, despite a 0.6% decline in volumes.
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NewsWar on sugar fuels 5% fall for juice & smoothie sales
Volume sales fell 2.4%, while pressure from the discounters pushed average prices down 2.9%
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NewsCurrencies dampen full year performance at British American Tobacco
Currencies wipe out sales progress at BAT but help Henkel to post double-digit revenue growth
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NewsMedia Bites 25 Feb: UK retail, Unilever, Steinhoff
UK retailers are suffering from a New Year hangover after a strong start to the year, according to this morning’s papers
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NewsRefresco Gerber buys German Pepsi bottling plant
Refresco Gerber reported a 3.2% increase in adjusted EBITDA in the third quarter of last year to €61.6m
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NewsCoffee start-up Pact seeks £1m to fund growth into new markets
Pact will offer top investors a lifetime of free coffee, expert coffee classes and limited edition product in return
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NewsWilson's Kendal Mint Cake maker collapses for second time
Historic Kendal Mint Cake manufacturer Wilson’s has ceased trading with the loss of more than 120 jobs after collapsing into administration for the second time in nine months.
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NewsMcBride shares soar as restructuring plans show progress
Private label household goods manufacturer McBride has upgraded its full-year earnings forecast after seeing progress in its cost-cutting efforts.
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NewsCity snapshot: Glanbia delivers double-digit earnings rise
Irish food and dairy group Glanbia posts its sixth year of double-digit earnings increases
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NewsMedia Bites 24 Feb: Mars, Brexit, Danone
The major news in the papers this morning is Mars’ recall of Mars, Snickers and Milky Way
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NewsKerry shares up on 2015 revenue and profit growth
Kerry Group share rose by over 4% today after announcing a rise on full year revenues and volumes and predicting further growth in 2016.
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NewsDanone eyes 2016 sales growth on improving European dairy trends
Danone has forecast a rise in 2016 revenues and profits after posting full-year results for 2015 that it described as “solid” and “in line with objectives”.
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NewsFoodservice sector "set for two years of solid growth"
Euro Championships and Olympics set to boost out-of-home spend this year
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NewsSupermarkets missing out on £200m in sales of organic food & drink
More shoppers are buying organic products online and from independents rather than the major mults
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NewsCity snapshot: Danone posts “solid” 2015 growth
Danone shares up after posting 4.4% like for like growth, while Kerry Group shares also rise on strong 2015 results
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NewsMedia Bites 23 Feb: Sainsbury's/Home Retail, ABF, Brakes
Sainsbury’s has been given until 18 March to consider whether it will return with a new bid for Home Retail Group,
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NewsAssociated British Foods nudges up guidance on weakening pound
Associated British Foods expects its performance for the year to 27 February to be marginally better than previously indicated given the recent weakening of the pound.
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NewsOppo frozen out by Dragons
Oppo ice cream has walked away empty handed from Dragons’ Den after the five potential investors raised questions over the brand’s taste and profitability.