latest – Page 126
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NewsHotel Chocolat CEO dismisses need for 'knee-jerk' price rises
Hotel Chocolat CEO Angus Thirlwell has pledged not to instigate ’knee-jerk’ price rises to cope with rising input costs after the post-Brexit plunge in the pound.
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NewsCity snapshot: Hotel Chocolat’s debut annual results show sales and profits growth
Hotel Chocolat has announced a 12% sales boost and a big jump in profitability in its first annual results as a listed company
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NewsCharlie Bigham's hits 'new heights' with 35% growth
Retail sales were up 35% year on year to £57m in the financial year ended August 31 2016…
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NewsProfits rise at Asda-owned IPL as it secures lowers prices
Asda’s direct sourcing arm International Procurement and Logistics saw a near 23% jump in pre-tax profits last year as it made procurement savings for the WalMart-owned supermarket.
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NewsKellogg's cereal sales flag as consumers seek alternatives
Turnover at the sales and marketing arm of Kellogg’s fell almost £10m to £795.2m in the year to 2 January 2016
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NewsWeetabix faces tough trading as private label sales plummet
Globally, Weetabix’s sales slipped 1.3% to £432.8m in the year to 2 January 2016
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NewsCity snapshot: Burton's looks to counter 9% annual sales slide
Wagon Wheels manufacturer Burton’s Biscuits undertook a radical shake-up of its business after another year of declining sales, while Unilever and Tesco solve Marmite spat …
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NewsChaucer Food's double-digit growth boosts US expansion plans
Chaucer Food Group has reported double-digit jumps in sales and underlying profits as it gets closer to securing about $70m of new investment in the US.
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NewsBurton's Biscuits shakeup to address a further decline in sales
Burton’s is under new leadership and has shed its Cadbury biscuits licence as sales fell from £315.4m in 2014 to £287.4m in the year to 3 January 2015.
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NewsCity Snaphot: BRC/KPMG record best quarter for food retail since 2013
Total food sales rose 1.6% in the three months to 1 October, according to the September BRC/KPMG Retail Sales Monitor …
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NewsMars Chocolate back in growth despite top brands' struggles
Mars Chocolate UK returned to top line growth last year as total sales grew 2.9% despite pressure on some of its key brands. Plus globally, Mars merges Wrigley with its chocolate business.
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NewsNetto loss hit £40m in year before JS and Dansk decided to pull plug
Annual pre-tax losses reached almost £40m at Netto in the financial year before Sainsbury’s and Dansk pulled the plug
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NewsDave Lewis targets bigger profits as Tesco reports growth
CEO says the business has “moved out of crisis” and sets sights on further cost reductions
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NewsGreggs faces rising costs as pound plunges
Greggs has warned of mounting pressures on food prices as the fallout from Brexit continues to weaken the pound and labour costs rise.
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NewsCity snapshot: Greggs’ third quarter sales up 5.6%
Third quarter sales at bakery food to go chain Greggs (GRG) rose 5.6%, though its rate of like for like growth slowed during the 13 weeks to 1 October. Plus, the FTSE bursts through the 7,000pts mark as the pound falls to mid-1980s levels and all the rest of today’s news from the City.
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NewsHovis pushed into £19m loss by 'poor market conditions'
Hovis plunged to a £19m loss in its second year of trading since being spun out of Premier Foods as it battled to hold on to market share in a declining bakery category
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NewsIndustrial sales drive McCormick UK revenues up 6.6%
US spices and sauce giant McCormick saw a 6.6% uplift in sales from its UK division last year, although the proportion of its sales booked in the UK market fell back
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NewsWalkers feels the heat from rivals' baked snacks and popcorn
Rivals’ baked snacks and popcorn have taken a bite out of revenues at Walkers
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NewsSainsbury's investors face more misery as like-for-likes fall
A second consecutive quarter of declining like-for-like sales at Sainsbury’s resulted in more misery for investors
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NewsScotmid Co-operative increases trading profit and turnover
The society said the “sluggish” economy and unfavourable retail landscape would be “a significant ongoing challenge”