latest – Page 14
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Arla sees UK branded sales fall during mixed first half of 2023
The dairy co-op saw sales of its key brands fall as shoppers downtraded into the discount channels and own label
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Lily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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M&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week
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Jamie Oliver's food empire sees strong sales rebound
Jamie Oliver’s food empire saw a strong rebound in sales and profits last year as it prepares to re-enter the UK restaurant space
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First Milk sees sales rise by almost 40% in year of ‘profitable growth’
The dairy co-op hailed the ‘resilience’ of the business as it posted operating profits of £5.1m in its 2022/23 financial year
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City snapshot: Food price inflation register sharp slowdown in July
A sharp slowdown in soaring food and drink prices helped drive inflation down to a 17-month low in July, according to new government data. Plus, Glanbia appoints a new CEO after Siobhán Talbot retires and also reports first-half results, and Carlsberg raises profit guidance
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M&S hikes profit guidance following strong sales growth
Marks & Spencer has upgraded earnings expectations after a strong start to its new trading year
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Lotus Natural Foods sales jump 25% amid export growth
The UK snacking arm of Belgian group Lotus Bakeries saw sales jump 25% in the first half of 2023 as its brand continued to grow share in the UK and push into new markets
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City News: Deliveroo shares jump on profits upgrade
Deliveroo shares were on the up on Thursday despite the takeaway giant cutting its growth forecast, as the City reacted approvingly to increased revenue from fewer customers
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City snapshot: Deliveroo ups earnings guidance despite slowing growth
Deliveroo has upgraded its profit guidance for the year despite falling order numbers amid “challenging macroeconomic conditions”
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Ramsden International returns to profitability despite Brexit disruption
Ramsden International has bounced back to the black despite another challenging year
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Coca-Cola HBC lifts growth prospects after better-than-expected first half
Drinks bottler Coca-Cola HBC has hailed a “very good” first-half performance as volumes proved resilient despite higher prices.
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Beyond Meat shares hammered as sales plummet in Q2
Beyond Meat cut losses in the second quarter thanks to lower costs following mass redundancies made in 2022
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Parfetts sales hit record £634m in latest financial year
The wholesaler said the results had come after a year of investment into protecting retailer margins through an expanded promotional programme
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City News: Diageo a ‘mixed bag’ as US sales slowdown worries investors
Spirits giant Diageo eased back this week despite posting double-digit annual sales growth, as falling volumes and a sales slowdown in its key US market raised investor concern
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City snapshot: Bud Light boycott hits AB InBev’s US sales
The world’s largest brewer suffered a sharp sales drop in the US amid political controversy over a Bud Light marketing campaign, to reduce overall sales volumes in its second quarter
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City snapshot: CCEP proposes $1.8bn acquisition of Coca-Cola Beverages Philippines
Coca-Cola Europacific Partners is in advanced talks to buy the Philippino Coke bottler from the Coca-Cola Company in a deal that could be worth $1.8bn. Plus, first-half results from Haleon and Kerry Group.
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2 Sisters firmly in the red amid supply chain woes
Turnover improvements were largely driven by inflation, said the business, which warned inflationary pressures had continued into 2023
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City snapshot: Diageo posts double-digit annual growth on strong pricing
Spirits giant Diageo has posted net sales growth of 10.7% driven by price rises and premiumisation, which mitigated a drop in sales volumes. Plus sales jump at Greggs, AG Barr CEO to step down, food inflation falls and all the rest of the news from the City
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City snapshot: Heineken cuts profit expectations as drinkers balk at higher prices
Heineken has lowered profit forecasts for the year after a weaker-than-expected first-half performance as higher prices put off drinkers.