latest – Page 108
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Florette launches resealable beetroot pouch
The 300g ready-to-eat fridge pack of peeled and steamed beetroot went on sale in Sainsbury’s last week…
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MPK Garages plans acquisitions despite transaction cost hit
Turnover for the year to 28 February was up 11% to £64m
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City snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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New profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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P&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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Quorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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Harrods sales pass £2bn as tourists make most of weak pound
Harrods expects capital expenditure to continue to increase over the coming years
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Reckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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Burton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.
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Bakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m
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Tyrrells profits sank 45% in Amplify Snack Brands sale period
Profits at snack brand Tyrrells almost halved in the period of its £300m sale to Amplify Snack Brands
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Loss of major customer hits Cott revenues
Cott Beverages’ revenues tumbled as it battled a declining UK fizzy drinks market and lost a private-label contract
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Costcutter owner Bibby Line Group plunges to £66m pre-tax loss
Costcutter owner Bibby Line Group has plunged from an annual profit of £30m to a pre-tax loss of £66m amid turmoil in its oil and gas-focussed offshore division.
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Barfoots sales up 18.8% but Brexit hits bottom line
Fast-growing vegetable producer and importer Barfoots of Botley saw sales rise a further 18.8% last year, but profits were hit by Brexit-related cost rises and the weak pound.
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Costcutter makes 'step forward' with deal on the horizon
Costcutter Supermarkets Group’s EBITDA has returned to break-even point while pre-tax losses have been slashed
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Heron Foods sales and profits leap ahead of B&M takeover
Frozen food discounter Heron Foods, which B&M Bargains snapped up for £152m in August, has increased revenues by almost 9% despite a challenging trading environment.
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Gousto moves towards profitable status as revenues rocket 88%
Recipe box service has posted a £6.6m annual loss as the cost of attracting new customers weighed on the bottom line
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Birds Eye claims it's recovering despite slump in 2016 sales
Birds Eye has suffered another heavy decline in sales as conditions in the branded frozen space remain challenging
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Kellogg's sales continue to slide in the UK
A declining UK cereal market continues to hamper sales at Kellogg’s as its Special K, All Bran and Crunchy Nut brands fell out of favour with shoppers.
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Chicken exposé had 'zero impact' on sales at Tesco
CEO Dave Lewis says supermarket has seen ‘nothing in terms of change in buying patterns’