Latest Headlines – Page 37
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City snapshot: Heineken raises profit forecasts on 'solid' half
Top story Heineken has raised profits guidance for 2024 despite poor weather in Europe and currency challenges as volumes increased in the first half. Net revenues increased 6% to €14.8bn in the six months to June, mainly driven by growth of the Dutch brewer’s largest operating companies ...
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Falling oil prices dampen KTC Edibles sales
Oils and canned produce specialist KTC Edibles saw a drop in sales and profitability last year amid a share drop in commodity prices following spikes in 2022
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Aldi sells most free-range eggs of any UK supermarkets
The retailer overtook Tesco in the latest 12 week period, Kantar data shows
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CMA accused of ‘colossal waste of time’ over loyalty card probe
The CMA report looks at fuel prices and wider retailer profitability, as well as the findings from the probe it launched into loyalty cards in January
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JLP wins approval to build 353 rental homes in store redevelopment
The plans were agreed yesterday by the London Borough of Bromley following 147 letters of support from local residents
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City snapshot: Drivers still paying too much at the pumps as high fuel prices cost motorist £1.6bn in 2023 - CMA
Fuel margins at supermarkets are double what they were in 2019, according to the competition watchdog
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Media Bites 26 July: Unilever, John Lewis, THG, BAT
Unilever’s first-half results get plenty of pick up in today’s papers
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Oatly upgrades growth forecasts as it makes ‘solid progress’
Revenues in the second quarter nudged up 3.2% to $202.2m, with “solid” volume growth in each of its divisions
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Whitworths returns to pre-tax profit as sales boom
Whitworths is looking ahead to “an exciting year” after the dried fruit and nuts brand bounced back into the black on the back of double-digit sales growth
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City News: Unilever shares soar as turnaround picks up pace
Investors ignored missed sales forecast at Unilever in favour of big beats to margin improvement targets to send shares at the Hellmann’s and Magnum supplier soaring to the top of the FTSE 100 on Thursday
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UK supermarkets urge Defra to green-light deforestation law
Britain’s leading retailers told Defra secretary Steve Reed to press ahead with anti-deforestation regulation
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Asda rolls out new online ‘Store Assist’ picking technology
Asda said the solution was already “proving popular” with staff – 26,000 of whom had now been trained on 10,000 updated devices
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Pasta Evangelists to open 20 new sites in next five years
The company will open its first franchise site in Richmond, with a second coming shortly
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Greens Retail reaches 25th store milestone
It comes as the Scottish grocer, which is primarily supplied by Nisa, “scored a hat-trick” of store openings last month
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Danone and Microsoft unveil major AI partnership
The multiyear collaboration with the tech giant includes the creation of a Danone Microsoft AI Academy, tasked with improving staff AI literacy
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UK food security under threat as Met Office unveils impact of warming weather
2023 was the second-warmest year on record for the UK
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African countries step up efforts in the lead-up to EUDR amid pushback
Major cocoa producing countries, Ghana and Ivory Coast, reject claims they will not be prepared for the December 2024 deadline
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Deliveroo continues non-food play with The Perfume Shop partnership
It follows deals struck with Screwfix and Ann Summers
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Tesco and Highland Spring trial QR code tech to tackle single-use plastic
The packaging enables direct-to-consumer marketing, as well as access to live data to trace packaging at barcode level throughout the supply chain
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City snapshot: Unilever misses Q2 sales targets but makes profitability progress
Unilever has missed growth expectations in its second quarter as prices softened and CEO Hein Schumacher continued with a turnaround plan. Plus, half-year results from Nestlé and British American Tobacco, a full-year trading update from Virgin Wines and a Q1 update from Tate & Lyle