All Financial Results articles – Page 84
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NewsCity snapshot: Petfood sales spike boosts Nestlé’s third quarter growth
Nestlé has posted third quarter organic growth of 4.9%, driven by strong demand for petfood as well as at-home coffee consumption and dairy. Plus, pub closures send C&C Group to first half loss, PayPoint sells Romanian business and all the rest of the latest news from the City.
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NewsBritvic agrees 20-year bottling deal with PepsiCo
Britvic has reached a deal with PepsiCo for a new and exclusive 20-year franchise bottling agreement
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NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
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NewsBirds Eye sales outdo expectations after shoppers fill freezers
Birds Eye sales powered ahead of expectations as shoppers stocked up their freezers during lockdown.
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NewsCity snapshot: Danone launches full portfolio review to plan for new COVID-world
French dairy giant Danone has this morning announced its intention to conduct a full portfolio review and put assets worth €500m up for immediate sale to tailor its business for a post-coronavirus market.
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NewsBooths reports sales surge thanks to staycation boom
The retailer enjoyed a strong performance at its seven Lake District stores over the summer
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NewsFrieslandCampina UK sees revenues climb by £6.2m last year
The Netherlands-based dairy co-op’s British business saw revenues climb £6.2m to £52.3m in 2019
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NewsCity snapshot: Marston’s to cut up to 2,150 jobs amid new coronavirus restrictions
Pub and brewing company Marston’s is to cut 2,150 roles after the coronavirus lockdown and ongoing restrictions have had a “material” impact on its trading. Plus, new chairman at BAT, Domino’s Pizza sees sales uplift, Distil benefits from drinking at home and all the rest of the latest news from the City.
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NewsCity Snapshot: Just Eat sales surge 46% in Q3 as coronavirus restrictions return
Takeaway giant Just Eat has enjoyed a 46% surge in global sales in the third quarter as the coronavirus pandemic kept consumers at home. Plus, Bakkavor CFO Pete Gates retires, Devro appoints a new CFO, Stock Spirits issues a trading update and Nestle completes its acquisition of Aimmune Therapeutics.
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NewsCity snapshot: Cake Box revenues recover after store reopenings
Cake Box has posted a strong recovery in trading following the lockdown enforced closure of its store estate, with like for like sales up by double digit excluding the closures.
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NewsTesco’s smooth transition to Ken Murphy wins analyst approval
Ken Murphy on Wednesday revealed that sales soared 6.6% in Tesco’s first half to £26.7bn
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NewsRachel’s Organic owner Lactalis Nestlé suffers 11% turnover drop
The supplier saw sales fall £13.5m to £108.3m for the year to 31 December 2019
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NewsCity snapshot: Imperial Brands sees consumers turn to tobacco during Covid crisis
Imperial Tobacco said it has seen stronger than expected tobacco sales volumes during the coronavirus crisis as consumers in Europe and the US have shifted spend to tobacco products.
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NewsTesco’s new boss Ken Murphy says online surge ‘here to stay’
The supermarket has smashed its record for dotcom grocery orders
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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NewsGrenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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Comment & OpinionTesco’s ‘tricks’ and the ‘joy of six’: what we learned from Aldi chief’s results presentation
Aldi may have taken a blow to its market share, but UK & Ireland CEO Giles Hurley is confident it can weather the Tesco price war and threat of Covid restrictions at Christmas
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsAldi chief takes swipe at Tesco’s ‘marketing tricks and gimmicks’
Giles Hurley claimed: ‘More expensive supermarkets can only imitate, not replicate, what we do’