All Financial Results articles – Page 112
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News
City snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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News
Coca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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News
Somerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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News
Higher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.
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News
City unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons
Investors in supermarkets remain a tough bunch to please
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News
Lucozade sales bomb after backlash over lower sugar
Sales of Lucozade Ribena Suntory’s flagship Lucozade Energy drink brand have fallen by 8.4% year on year
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News
Carlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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News
Harrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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News
Morrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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Analysis and Features
Morrisons third quarter sales: what the analysts say
Group like-for-like sales including fuel increased 3.4% in the period, with total sales for the quarter, excluding fuel, up 2.3%
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News
Kellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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News
City snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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News
Connect Group to cut 340 jobs in face of falling sales
The cuts represent 6% of the firm’s 5,666-strong workforce, with the layoffs coming across its combined business in 2018
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News
City News: AB InBev merger synergies compensate for underperformance
The world’s biggest brewer AB InBev produced mixed third quarter results on Thursday…
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News
AB InBev reports 'continued double-digit top-line growth' in UK
The brewer’s EBITDA grew 13.8%, driven by revenue growth and “continued synergy capture” in Q3…
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News
Florette launches resealable beetroot pouch
The 300g ready-to-eat fridge pack of peeled and steamed beetroot went on sale in Sainsbury’s last week…
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News
MPK Garages plans acquisitions despite transaction cost hit
Turnover for the year to 28 February was up 11% to £64m
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News
City snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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News
New profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.