All Financial Results articles – Page 100
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News
Kraft Heinz shares jump as condiments and sauces drive European growth
Kraft Heinz shares jumped 8% after booming sales outside of North America helped it record second quarter top-line growth.
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News
Hot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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Comment and Opinion
IFRS 16 accounting change will be momentous for UK retailers
Savvy retailers have a window of opportunity to proactively negotiate with their banks, says MUFG’s Simon Lello
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News
City snapshot: Hot weather hits first half trading at Greggs
Food to go bakery chain Greggs has reported a slowdown in first half like-for-like sales and a drop in profitability as hot UK weather and falling footfall hit performance. Plus, UK food to grow drives 8.1% pro forma third quarter sales rise at Greencore, first half sales up and profits down at Just Eat and all the rest of the latest news from the City.
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News
Heineken cuts profit forecasts after Brazil expansion
Heineken, the world’s second largest brewer, has forecast a drop in profitability after expanding quicker than predicted in Brazil.
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News
McColl's profits suffer after P&H collapse disruption
Pre-tax profits for the six months to 27 May felll to £2.3m as supply costs increased
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News
Media Bites: Nestlé, Diageo and stockpiling food
Shares in Switzerland’s Nestlé rose yesterday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the world’s largest food and drinks group
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News
Diageo sees 8% GB growth on back of gin and craft beer boom
Global net sales are up a more modest 0.9% to £12.2bn
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News
City snapshot: Nestlé reports first half organic growth of 2.8%
Swiss food giant Nestlé has reported it is on course to hit full year growth targets after reporting organic growth of 2.8% in the first half. Plus, on a hectic morning, AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing, Diageo announces 0.9% full year sales growth and new share buyback, updates from British American Tobacco and PayPoint and all the rest of the latest news from the City.
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News
GSK announces £1.7bn cost savings but stops short of consumer healthcare demerger
SK’s consumer healthcare sales fell 1% to £1.8bn in the second quarter, but the company failed to split off the consumer arm as recently predicted
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News
Eagle Eye losses grow despite 33% sales boost
Grocery tech firm Eagle Eye Solutions has recorded a 33% jump in full year sales, but its losses grew and customer volumes remain below expectations.
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News
CO2 shortage hits Britvic's third quarter sales
Britvic has reported a 3.4% increase in third quarter revenues to £366.9m, though revenue excluding the soft drinks levy fell 0.6% in the period as the CO2 shortage hit sales.
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News
Fever-Tree raises full year earnings expectations after strong first half
Fever-Tree expects its full year results to be “comfortably ahead of expectations” after posting first half revenue growth of 45%.
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News
World Cup and hot weather drive supermarket sales surge
Grocery sales have jumped 3.6% in the 12 weeks to 15 July as the World Cup and the prolonged hot weather boosted trading according to Kantar Worldpanel.
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News
Quorn to invest £7m in new R&D centre after 12% sales growth
The boom in meat-free has helped Quorn to double-figure growth which has prompted the business to announce a £7m R&D investment.
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Comment and Opinion
McColl’s results are a reminder of the dark days of November
CEO Miller admitted today the fallout from the P&H collapse was “unlike anything he had experienced in his almost 30 years in the business”
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News
City snapshot: McColl's profits plunge after P&H collapse disruption
Like-for-like sales at convenience chain McColls grew 2.7% in the “most challenging six months the company has faced” as the company was impacted by the failure of Palmer & Harvey. Plus, Tesco readies discount chain launch and all the rest of the latest news from the City.
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News
Brazil truck strikes drag growth down at Unilever
Unilever has spent much of the past few weeks trying to unite shareholders over its planned corporate relocation to the Netherlands, but it was left frustrated by South American affairs on Thursday as shrinking profits were blamed on trucking strikes in Brazil.
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News
Enco sales and profits hit by stalling Nurishment performance
Newly filed accounts for the Grace Foods UK-owned supplier show 2017 sales dropped by 2.7% to £48.5m.
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News
Pizza and savoury foods drive rise in frozen food sales
Pizzas and savoury foods led the category growth in the year to June, with their combined value up more than £100m on 2017