latest – Page 112
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NewsFever-Tree shares pop 12% as posh mixer brand upgrades profits forecasts again
Shares have soared more than 12% at Fever-Tree today as UK demand for its posh mixers showed no sign of slowing, with first-half profits more than doubling.
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NewsLindt held back by US woes but UK fuels growth in Europe
Lindt increased revenues by 3.1% to 1.5bn Swiss francs (£1.2bn) in the first six months of 2017 despite a stagnating chocolate market, partly thanks to “very good” results in the UK, but it cut full-year forecasts due to struggles in North America.
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NewsRevenues up 182% for Euro Garages owner Intervias Group
Euro Garages accounted for the main bulk of the record revenues, with income up 163% to €2.9bn…
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NewsMcColl's sales jump as Co-op stores start trading
McColl’s Retail Group ’gained momentum’ in the first half as it integrated the acquired 298 Co-op convenience stores and recorded strong sales growth.
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NewsCranswick sales soar on UK volume growth in Q1
The group reported that like-for-like sales, excluding contributions from the acquired Dunbia Balleymena and Crown Chicken businesses, in the three months to 30 June grew 21% compared with a year ago.
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NewsWholesaler Connect Group reports 1.3% drop in revenue
The group’s income for the 45 weeks to 15 July was £1.49bn compared with £1.51bn in 2016
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NewsQuorn to invest £150m in factory as exports boom
The meat substitute brand also revealed soaring global growth as its focus on exports following the takeover by Philippines-headquartered Monde Nissin in 2015 began to pay off.
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NewsCity snapshot: Reckitt’s first half sales slip amid portfolio transformation
First half like for like sales fell 1% at FTSE 100 consumer goods firm Reckitt Benckiser despite its “significant progress on portfolio transformation”. Plus, Co-op stores deal boosts sales at McColls, Quorn sales rise amid investment, Cranswick like-for-like sales jump and all the rest of the latest news from the City.
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NewsVimto owner Nichols continues to outperform UK soft drinks market
Vimto owner Nichols has boosted revenues 12.4% to £63.5m in the first half to 30 June as the soft drinks maker continued to outperform the market in the UK.
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NewsUnilever boosts long-term strategy as sales grow and margins increase faster than expected
Unilever hailed its long-term growth model this morning as first-half revenues increased 5.5% alongside a substantial step-up in profitability. The group added the preparation for the sale of the non-core spreads business was “well underway”
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NewsCity snapshot: Premier Foods suffers further slump in sales
Premier Foods revealed a difficult start to the year as first quarter sales fell 3.1%, driven by changes to supermarket promotions and less demand for its products in the June heat
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NewsHotel Chocolat plans 'shop plus café' growth as sales rise
The luxury chocolate brand reported a 12% year-on-year increase in revenue to £104m
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NewsEagle Eye remains £1.8m in the red
Grocery tech firm Eagle Eye Solutions has increased group full-year revenues by 71% to £11.1m but still expects losses to remain at the same level as in 2016.
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NewsFinsbury Food Group offsets UK losses with overseas growth
The company today said it was confident of delivering profits in line with market expectations
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NewsBerry Bros & Rudd sales rise to six-year high
Sales were up 17% year on year, boosted by strong en primeur sales
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NewsCity snapshot: Profits soar at Conviviality as Bibendum beds in
Profits have more than doubled at Bargain Booze owner Conviviality (CVR) as the integration of Matthew Clark and Bibendum continued ahead of schedule. Plus, growth overseas helps Finsbury Food Group offset UK struggles and Stock Spirits acquires a 25% stake in Quintessential Brands Group’s Irish whiskey division for up to €18.3m (£16m).
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NewsHolland & Barrett profits under pressure from supermarkets
Holland & Barrett’s UK retail sales rose 4.6% in the year before its £1.8bn takeover by a Russian billionaire
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Marks & Spencer puzzles analysts with sales fall
The market was left distinctly unimpressed this week by Marks & Spencer’s first quarter organic sales fall
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NewsNoble delays IPO to focus on rebuilding sales and profitability
Happy Egg Co owner Noble Foods has put its mooted IPO on ice as it focuses on regrowing revenues
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NewsB&M benefits from late Easter and sunshine as shoppers hunt for bargains
B&M Bargains has recorded its strongest first quarter of like-for-like growth in three years as the late Easter and hot weather boosted sales and the return of inflation sent shoppers searching for a bargain.