All Financial Results articles – Page 40
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Comment & OpinionGlobal brewers ride on-trade rebound but second half looks tougher
Business is booming for the world’s largest brewers – but the real tests for the post-Covid health of the industry are yet to come
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NewsCCEP launches sustainability-linked supply chain financing programme
GB Coke bottler Coca-Cola Europacific Partners has launched a new finance programme to encourage suppliers to make their businesses more sustainable
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsTreatt shares plunge on inflation-driven profits warning
Shares in Treatt have lost a third of their value after the ingredients business warned its profits would be much lower than expected as a result of sluggish consumer confidence in the US and soaring cost inflation
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsDeliveroo investors shrug off bad news to focus on margin improvement
Widening losses, slowing growth and the loss of an industry heavyweight from the board are an unusual recipe for success, but Deliveroo’s shares were up again this week as the City welcomed its progress on margin improvement
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NewsHeinz UK sales remain up on pre-pandemic levels despite post-stockpiling falls
The end of Covid stockpiling saw Heinz sales fall back in the UK last year, but revenues remained above pre-pandemic levels thanks to a strong ketchup and infant performance
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NewsLucozade Ribena Suntory sales rebound as on-the-go recovers
Lucozade Ribena Suntory saw a sharp rebound in sales last year as on-the-go consumption returned in the wake of Covid restrictions
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NewsCity snapshot: Lotus Bakeries boosted by strong rebound of UK health snacking
Bear and Nakd owner Lotus Bakeries has posted 14.1% revenue growth in the first half of 2022 driven by strong growth of Lotus Biscoff and its UK healthy snacking portfolio
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NewsLactalis Nestlé profits halved as costs stack up
In the year to 31 December 2021, the joint venture between Nestlé and French dairy giant Lactalis saw year-on-year turnover rise slightly
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NewsNomad Foods volumes fall as consumers buy less at higher prices
Birds Eye owner Nomad Foods has cut its earnings expectations after shoppers bought less of its frozen products as prices climbed.
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NewsCity Snapshot: Deliveroo reveals widening losses as Next boss Simon Wolfson steps down from board
Deliveroo has this morning revealed widening losses, slowing growth and the loss of Next boss Simon Wolfson from its board. Plus, Q2 results from Dutch supermarket group Ahold Delhaize.
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Comment & OpinionBeyond Meat and Oatly could prove casualties of the cost of living crisis
Both brands are struggling to convert cash-strapped shoppers away from cheaper meat or dairy equivalents
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NewsCity News: Greggs reassures market after it raises prices
The threat of soaring inflation and its effects on consumer spending have weighed on Greggs shares all year, but the chain reassured the market this week that price hikes were not putting customers off their sausage rolls
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NewsHovis profits drop as rising costs hit margins
Wrapped bakery stalwart Hovis experienced a sharp drop in profitability last year as soaring costs hit margins despite maintaining its Covid sales gains
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NewsCCEP signposts further price rises but stresses focus on affordability
Great Britain Coke bottler Coca-Cola Europacific Partners has indicated it will push through further price rises to mitigate soaring inflation, but insisted it remains focussed on ensuring its products remain affordable
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NewsKellogg’s raises full-year forecasts on better-than-expected first-half performance
Kellogg’s has lifted its full-year sales and profits outlook as strong growth of its global snack brands and a faster-than-expected recovery in cereals combined with higher prices in the first half to deliver a better-than-expected performance.
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NewsBeyond Meat to axe 4% of global workforce as losses balloon and sales forecasts are cut back
Beyond Meat has lowered its sales expectations for the year, posted a wider than expected loss for the second quarter and revealed plans to cut 4% of its global workforce
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NewsMPM Products sales soar to close to £100m amid pet ownership boom
A boom in pet ownership during the pandemic has helped premium petfood maker MPM Products increase sales to almost £100m in its first year under new PE ownership
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NewsCity snapshot: Coca-Cola Europacific Partners raises guidance on out of home rebound
GB Coke bottler Coca-Cola Europacific Partners has raised its sales and profits outlook after strong volume-driven first half growth on the back of a strong rebound of out-of-home consumption