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Samworth Brothers records £22.5m hit from Revolution Kitchen closure
Operating profits at Samworth Brothers fell by 22.2%, to £20m as a result
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City snapshot: ‘Softening trends’ lead Brown-Forman to miss quarterly sales and profit forecasts
The Jack Daniel’s maker’s sales were down 4% on an organic basis in the three months to 31 July
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First Milk delivers big profit boost in ‘healthy’ 23/24 results
First Milk put its strong showing down to improvements in its underlying performance over the past three years
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City snapshot: Pernod Ricard hails ‘robust’ performance despite full-year sales decline
The group’s full-year sales for the year to 30 June were down 1% organically to €11.6bn
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Arla hails branded performance in ‘robust’ half-year results
The dairy co-op said volume-driven revenue growth increased by 4.1% globally and by 11% in the UK
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City snapshot: Naked Wines making ‘real progress’ on turnaround despite widening losses
Revenues at the embattled business also continued to slide
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City News: Asda disappoints again as pressure mounts on Mohsin Issa
Pressure is continuing to mount on Asda and owner Mohsin Issa as the latest industry data this week revealed a sharp slump in summer sales and more ground lost on market share
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Allplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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Crediton sees profits jump on back of wider product range
The supplier saw profits after tax increase from £7.9m in 2022 to £9m in the year to 30 December 2023
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Typhoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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City News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe
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Pots & Co cuts losses as it outsources manufacturing
High-end desserts specialist Pots & Co cut its losses in a ‘milestone’ year that saw it prioritise profitability over sales growth and move towards break-even
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Distil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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City snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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City snapshot: Lotus Bakeries posts 20% jump in first half sales
Bear and Nakd owner Lotus Bakeries has reported a double-digit jump in first half sales and profits amid strong growth of key brands
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Asda promises to open more checkouts, improve availability and make stores cleaner
Announcing its Q2 results today, the supermarket revealed revenue excluding fuel was down 2.2%, with like-for-like sales down 5.3% over the period
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City snapshot: CCEP boosted by Asia-Pacific growth to mitigate European volume decline
GB Coke bottler Coca-Cola Europacific Partners has posted a rise in underlying first-half problems despite poor weather in Europe, as growth in south east Asia and Australia boosted performance
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Tofoo Co benefits from demand for natural plant-based brands
The Tofoo Co has defied wider declines in meat alternatives as shoppers shun ultra-processed options in favour of more natural ingredients
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City snapshot: AB InBev improves profits but volumes fall back
AB InBev has posted a rise in underlying profits in its second quarter, but sales volumes went backwards in the period as beer sales fell
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Illycaffè confident of further growth despite coffee price volatility
Illycaffè has boosted first-half profits as revenues increased in all its major markets and distribution channels, with the Italian coffee roaster keeping a tight control over costs