All Financial Results articles – Page 19
-
NewsFmcg profit warnings slow sharply in Q3
Profit warnings at retailers and suppliers have slowed significantly ahead of the golden quarter, according to the latest research
-
NewsCity snapshot: Volumes fall at Coca-Cola Europacific Partners as bottler focuses on revenues and margin
Coca-Cola Europacific Partners has seen sales grow ahead of volumes in the third quarter as a result of mixed weather across Europe, higher prices and lapping strong comparatives last year. Plus, Heineken appoints new European president and Glanbia upgrades profit expectations.
-
Promotional FeaturesHow to identify food manufacturers at risk of failure
As the UK economy struggles through multiple shocks, discover how food manufacturing businesses are using the latest technology to manage their risk and ensure they’re not affected by the financial distress of others.
-
NewsCity News: Reckitt Benckiser’s £1bn share buyback fails to win over City
A £1bn share buyback was not enough to placate Reckitt Benckiser investors this week, as the consumer giant’s shares slid back on weaker-than-expected sales volumes
-
NewsJohn West hit by 78% profits decline as shoppers trade down
John West profits have sunk by 78% as cash-strapped shoppers flocked to discounters and turned to own label to combat inflation.
-
NewsCity snapshot: Rémy Cointreau hit by sharp US sales slowdown
French spirit maker Rémy Cointreau has slashed growth expectations after posting a double-digit drop in organic sales in its second quarter amid a slowdown of sales in the US
-
NewsCity snapshot: Unilever sales growth slows as volumes remain in decline
Sales growth at Unilever slowed to 5.2% in the third quarter as pricing eased and volumes remained in decline. Plus trading updates from Danone, DS Smith and C&C Group
-
NewsCity snapshot: Virgin Wines tumbles into the red as sales falter
Virgin Wines UK has fallen into the red as pressure on consumer spending hit revenues and rising costs hurt margins. Plus, Reckitt and Heineken Q3 volumes tumble on higher prices, while Nichols appoints a new CFO.
-
NewsCoca-Cola sees boost to volumes despite higher prices
Coca-Cola has defied the trend for declining volumes at its global CPG peers as consumers kept buying its flagship drinks despite further price increases
-
NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
-
NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
-
NewsBirds Eye back in growth as shoppers switch to frozen lines
Birds Eye has returned to sales growth as it raised prices to offset inflation and benefitted from cash-strapped shoppers switching from fresh to frozen.
-
NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
-
NewsS-Ventures seeks £2.5m funding to turn around fortunes
Embattled fmcg investment firm S-Ventures has kicked off a fundraising effort to bring in at least £2.5m to bolster working capital and help cut costs and drive efficiencies
-
NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.
-
NewsCity snapshot: Mults growth slows as price war ramps up
Supermarket growth has slowed and remained below inflation as shoppers take advantage of loyalty scheme discounts, according to the latest data. Plus, THG reports progress in Q3 and food producer prices fall for first time in three years.
-
Comment & OpinionThe CMA will find deducing evidence of profiteering enormously difficult to prove
The Competition & Markets Authority is expected to complete the second phase in its enquiry into ‘profiteering’ this autumn. It will be fascinating to see how it approaches the task
-
InterviewsChapel Down CEO Andrew Carter on comebacks, climate change and raising capital
Nearly a decade after a tumultuous exit from one of wine’s biggest players, Andrew Carter is fizzing with excitement at the opportunities presented by English sparkling
-
NewsQuorn owner hit by cost hikes and falling demand in meat-free
Quorn parent Marlow Foods has plunged into the red as soaring costs, falling demand for plant-based in supermarkets and one-off redundancy charges hit the Monde Nissin-owned group.
-
NewsHeinz profits increase despite Tesco dispute
Heinz has recorded bumper profits in the year it pulled products from Tesco shelves after a row over price rises.