All Financial Results articles – Page 46
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NewsCity News: Unilever growth above expectations but more price hikes on the way
Unilever’s first quarter growth came in above market expectations due to an 8%-plus hike in prices
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NewsCity snapshot: Reckitt predicts margins will hold despite spiralling costs
Reckitt Benckiser expects to full year revenues to be at the upper end of guidance as it maintained sales volumes despite pushing through price rises of almost 6%
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NewsBrakes reports 35% sales decline as result of hospitality shutdown
Across the wider European business sales fell by 25.7% to £2.6bn for the year to 4 July 2021
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NewsCity snapshot: Sainsbury’s warns of inflation impact despite soaring profits
Sainsbury’s has posted a strong surge in annual profits, but warned that profitability will fall back this year amid soaring inflation. Plus, on a busy morning, updates from Unilever, DS Smith, Carlsberg and more.
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NewsWyke Farms owner warns UK is ‘sleepwalking’ into grain shortage
The problem will be exacerbated by the lack of “intervention stores” in the UK and Europe designed to be used if food runs out
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NewsCity snapshot: WH Smith sales soar on global travel recovery
WH Smith has seen a strong rebound and revenues and moved back into profit as travel retail sales rebounded amid the relaxation of Covid restrictions. Plus updates from Coca-Cola Europacific Partners, Gousto and Nichols.
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NewsCoca-Cola’s revenues surge amid Covid rebound and price rises
Coca-Cola has posted strong growth in its first quarter, as volume growth and rising prices more than compensation for mounting costs.
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsCity News: Market buoyed by Nestlé’s growth despite warnings of further price hikes
Nestlé warned of further price increases this week, on top of the existing 5%-plus price hikes this year, but analysts were buoyed by the fmcg giant’s continued organic growth
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NewsFilippo Berio UK expects ‘challenging year’ as input inflation bites
Olive oil market leader Filippo Berio has warned of “spiralling costs” and shipping issues from Italy after its UK profits were dented by inflationary pressures last year
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NewsCentral England Co-op food sales dip 3.4% to £667.6m
Sales of local goods increased by 23% over the past year
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NewsPoundland Group revenues up 8.6% to €467m in latest quarter
Poundland Group includes its sister fascia Dealz in Europe and the Republic of Ireland
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NewsCity snapshot: Nestlé warns of further price increases as inflation boosts growth
The world’s largest food group Nestlé has warned of further price increases on top of its existing 5%-plus price hikes amid a “sharp” rise in costs. Plus, THG rejects ‘numours’ offers as it posts strong growth, but losses of £130m.
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NewsP&G upgrades growth forecast but higher costs weigh on earnings
The US consumer giant has hiked its full-year growth expectations after posting double-digit organic growth in the first three months of 2022, but also warned it is facing higher costs
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsCity Snapshot: Heineken sales surge as pubs reopen but cost pressures remain
Beers sales at Heineken have rocketed in the first quarter as pubs reopened across Europe and Asia and the Dutch brewer hiked prices. Plus, full-year trading updates for Naked Wines and Real Good Food; and first-quarter figures from Danone and Just Eat Takeaway.
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NewsFentimans ‘optimistic’ for its growth despite cost pressures
Revenues at the business soared by 23% to £39.9m – with gross sales before promotions up 20% to £44m – in the year ended 31 December 2021, as the brand’s popularity grew in supermarkets and out-of-home began to recover.
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NewsCity snapshot: Cake Box sales jump 50% on new openings and Covid rebound
Cake retailer Cake Box Holdings has posted growth of 50% in the year ending 31 March as store openings and the ending of Covid restrictions boosted sales
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NewsProperty sell off takes Asda profits past £1bn
Asda’s statutory profits topped £1bn last year, according to newly filed accounts, as the group benefited from a one-off gain of almost £400m on property sales
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NewsTesco boasts strong trading but cautious outlook spooks the City
Tesco’s annual results were a tale of contrasting narratives, with stronger than expected trading last year being overwhelmed by a cautious outlook amid soaring inflation and intensifying competition