latest – Page 103
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NewsFourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
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NewsMackie's profits hit by 250% rise in price of cream
Growth in chocolate bar sales as well as exports to the Far East helped ice cream maker Mackie’s grow sales
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NewsBrexit vote hits Bon Bon Buddies profits
Welsh confectioner Bon Bon Buddies fell to a pre-tax loss last year, blaming the Brexit vote
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NewsTotal Produce reveals profit jump in preliminary results
Pre-tax profits were up 43.2% to €72.5m (£64.3m) in the year to 31 December 2017
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NewsCity snapshot: Strong end to the year boosts AB InBev
AB InBev is toasting a solid performance in 2017, with fulll-year and fourth quarterly revenue growth of 5.1% and 8.2% respectively and strong bottom-line growth.
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NewsCity snapshot: Bakkavor full year sales up 4.6% but listing costs hit profits
Ready meals supplier Bakkavor has announced a solid increase in full-year sales and net income in its maiden set of results since becoming a plc
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NewsGreggs boss warns of rising costs even as commodity inflation eases
Greggs’ chief executive Roger Whiteside has warned that 2018 will be a year of significant cost headwinds, due to wage inflation and auto enrolment pensions.
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NewsCity snapshot: Greggs battles rising costs and "challenging" economy to post sales rise
Greggs has shrugged off worries over high street spending to record a small improvement in underlying pre-tax profits, due to the store expansion and improvements made to product ranges.
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NewsMcColl's breaks £1bn sales barrier thanks to new stores
Total revenues in 2017 jumped 19.1% to £1.1bn following the integration of the 298 shops acquired from Co-op
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NewsCity snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
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NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
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NewsArla promises NPD to grow Yeo Valley sales
Under the proposed deal, Yeo Valley will quit the liquid milk business
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NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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NewsAsda reports fourth consecutive sales increase after a strong Christmas
Like-for-like sales rose just 0.5 per cent in the last three months of 2017, as the supermarket fights off competition from the discounters
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NewsCity snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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NewsEat operating loss driven up by increased investment levels
Like-for-like sales for the year to June were up 4.9%
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NewsProfits at Pukka Pies plunge 45% despite rising sales
A hike in the cost of raw materials ate into the Leicestershire-based pie-maker’s margins
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NewsPepsiCo organic sales up 2.3% but earnings hit by new US tax law
PepsiCo has reported organic revenues growth of 2.3% for both its fourth quarter and full-year 2017, but earnings were hit by a one-off $2.5bn charge relating to new US tax rules.
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NewsCity Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.