latest – Page 129
-
NewsWalmart shrugs off Asda woes to post second quarter sales growth
Walmart’s shares rose 2.5% in early trading to $74.75 after sales growth in its home market helped it record a second quarter constant currency sales rise of 2.8% to US$123.6bn.
-
NewsAsda suffers sharpest quarterly sales decline in history
The retailer has now suffered eight consecutive quarterly declines in sales
-
NewsCity snapshot: Nestlé reports first half organic growth of 3.5%
Nestlé (NESN) has undershot analyst expectations by reporting first half organic sales growth of 3.5% to CHF43.2bn, plus full year results from Treasury Wine Estates and all the rest of today’s news from the City.
-
NewsGlanbia shrugs off dairy market struggles
Glanbia has reported a “strong” first-half performance driven by its performance nutrition division despite the ”challenging” dairy market.
-
NewsCity snapshot: Bear targets international growth after 37% sales jump
Healthy snack brands Bear and Urban Fruit saw sales grow by 37% in the year it was taken over by Belgian bakery Lotus. Poundland hopes to be owned by Steinhoff by 16 September, but like for likes for 19 weeks to 7 August are down 4.9%, plus all the rest of the news from the City.
-
NewsBear sales soar in run up to Lotus takeover
Snack brands Bear and Urban Fruit recorded another year of healthy growth in the run up to being snapped up by Belgian bakery Lotus for £71m, as parents looked for easy ways to get their kids to eat fruit.
-
NewsItsu serves up sales rise as demand for healthy food continues
Itsu has recorded a healthy 22% rise in revenues to £82.6m thanks to a 2.3% increase in like-for-like sales and another 10 store openings
-
NewsRefresco volumes hit by bad weather and private label challenges
Refresco has warned that volumes will be below full-year expectations as poor summer weather and challenges in the private label business affected the European soft drinks bottler.
-
NewsBakkavor reports strong revenue group in UK and overseas
Food group Bakkavor increased revenues 3.2% to £438.7m in the second quarter as it grew business with the supermarkets in the UK and the overseas business continued to soar.
-
NewsJBS move to Ireland set to shake up UK and EU meat sector
The planned relocation of Brazilian meat giant JBS to Ireland could stir up the UK meat and poultry sectors and drive further investment by JBS across Europe.
-
NewsStock Spirits new CEO focused on Poland turnaround but deals still on the table
The new CEO at Stock Spirits has reaffirmed the European drinks group’s M&A strategy despite the past disagreements with major shareholders.
-
NewsProfits surge at Kraft Heinz but organic sales fall back
Adjusted EBITDA increased 23.1% in the second quarter at recently merged Kraft Heinz despite a dip in organic net sales as integration cost savings kicked in.
-
NewsBerry Bros & Rudd slashes losses during year of restructure
The Queen’s wine merchant, Berry Bros & Rudd, has dramatically cut its losses despite a drop in sales
-
NewsAG Barr shares hit by weather-driven sales decline
The group has been besieged on a number of fronts in the first half as it battled category deflation
-
NewsUnited Wholesale Scotland reports £5m boost with second depot
The Today’s member recorded a turnover rise of 2.5% to £227m for the year to 31 December
-
NewsKellogg’s profits improve in Q2 but Brexit to dent revenues in year ahead
Kellogg’s has boosted profits but sales continued to fall, with weakness in the UK cereal market and the Brexit vote to cause greater currency disruption than expected.
-
NewsCity snapshot: First half volumes up but sales flat at Kerry Group
Kerry Group has delivered a “solid” first half, with volume growth of 3.2% during the period while sales edged up 0.3% to €3bn
-
NewsSodaStream UK sales fizz as consumers cut down on sugary drinks
SodaStream first-half sales in the UK have fizzed 52% higher as consumers continue to ditch sugary drinks in favour of healthier alternatives.
-
NewsProcter & Gamble slows sales decline but currency headwinds weigh on outlook
Procter & Gamble slowed decline in sales during the fourth quarter but currency volatility across the world, including in the UK, dampened its outlook for the new year.
-
NewsReal Good Food returns to profit but sales in decline
Real Good Food has swung back into the black thanks to the sale of its beleaguered sugar business but sales still went backwards.