latest – Page 104
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsWeetabix sales slip under new owner
Weetabix sales fell 1.2% in the final three months of 2017, according to quarterly earnings reported by Post Holdings
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NewsQuorn sales hit record levels as meat-free demand soars
Soaring demand for a meat-free diet has fuelled a 16% jump in sales at Quorn in 2017 to a record £205m. The business said the rise in vegan and flexitarian lifestyles helped drive the global growth.
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NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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NewsCJ Lang & Son sees turnover fall with cigarette sales
National living wage increases forced the Spar wholesaler to make cost reductions throughout the business
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NewsUnilever navigates 'challenging' conditions to boost top and bottom lines
Consumer goods giant Unilever has increased full-year sales and profits despite operating in “challenging” market conditions in 2017.
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NewsHeart of England Co-op reports solid Christmas trading
The Co-op at Long Lawford enjoyed a 95% surge after it spent £1.3m on a rebrand and rebuild
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NewsConviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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NewsCity snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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NewsYoung's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.
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NewsWm Jackson margins hit by tough market
Aunt Bessie’s and Abel & Cole owner William Jackson has posted a rise in annual sales but saw margins squeezed
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NewsSweet Christmas for Hotel Chocolat
Luxury chocolatier Hotel Chocolat has reported a sweet Christmas trading period as sales recorded a double-digit rise in the 13 weeks to 31 December.
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NewsFrank Field MP blasts accounting 'deficiencies' at Palmer & Harvey
The chairman of the House of Commons’ work and pensions committee has blasted the management and auditors of Palmer & Harvey after a report by administrators revealed the failed wholesaler significantly understated its losses in the 2015/16 financial year.
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NewsFever-Tree overtakes Schweppes in battle for mults' mixer sales
A festive surge means it now holds a 39% market share on the off-trade, compared to Schweppes’ 31%
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NewsTrewithen Dairy boosted by new contracts and expansion
Turnover rises to £32m according to supplier’s accounts, while branded sales top £11m
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NewsCity snapshot: SSP Group’s revenues up 13.5% in first quarter
Travel food specialist SSP Group has increased sales by 13.5% in the first quarter, driven by like-for-like growth, contract wins and global expansion. Bacardi buys Patrón Spirits for $5.1bn, UK snow hits Christmas trading at Marston’s, Ocado’s shares surge 28% on Canada tie-up and all the rest of the latest news on a busy morning in the City
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NewsGreggs targets evening eating with new hot food trial
Greggs’ company-managed shops saw a like-for-like sales increase of 3.7% in the final quarter of 2017…
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NewsLindt boosted by UK performance as group sales pass 4bn Swiss Francs for first time
A particularly strong performance in the UK has helped propel sales at Lindt & Sprüngli to more than CHF 4bn Swiss francs (£3bn) for the first time in its 175-history.
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NewsFortnum & Mason reports record Christmas trading performance
Like-for-like festive sales at Fortnum were up 13%; online sales were up 23%
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NewsLily’s Kitchen sales up 36% but investment results in loss
Turnover at the premium petfood supplier rose to £19.8m in the year ended 31 March 2017