latest – Page 146
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John West profits leap as tuna sustainability faces scrutiny
John West revealed a big jump in profits this week, as it faced fire for “trashing the oceans for cheap tuna”
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Potato metal contamination scare could cost Produce Investments up to £1.5m
The company said current estimates put the financial impact between £300,000 and £1.5 million
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Tesco results – what the analysts say
Tesco today announced a sharp drop in first-half profits but also revealed a recovery in volumes. Here is what leading City and retail analysts had to say about the results
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SABMiller reports “strong growth” amid bid rejection reports
SABMiller has issued a first half trading update today detailing its continuing growth in South America and Africa as media reports suggests AB InBev’s initial offer has been rebuffed.
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Menu revamp helps drive Greggs’ third quarter sales up 4.9%
Like for like sales for the first three quarters are now 5.6% up year-on-year
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Aston Manor sales lose fizz as UK cider market declines
A declining UK cider market has taken the fizz out of sales at Frosty Jack manufacturer Aston Manor, but MD Gordon Johncox said the company was better placed than any other cider maker to continue to grow and develop the category.
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Westons grabs more market share as sales and profits rise
Sales at Westons Cider have hit record levels as the group behind the Stowford Press, Henry Westons and Old Rosie brands grabbed more UK market share.
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Tata sees 9% slump in sales as Brits turn away from black tea
Tata Global Beverages GB suffered a 9% sales slump last year as it battled falling consumption of black tea in the UK
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Chaucer secures backing from Caird to expand US business
Ingredients group’s journey in the US boosted by private equity backing from Caird Capital
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Noon Products investment sees profit fall by more than 30%
Investment in growth and development caused the 30% fall in profits at Asian cuisine specialist Noon Products
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Sainsbury's results: what the analysts say
Industry commentary after Sainsbury’s positive results this morning
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Sainsbury’s shares soar on profit upgrade
Sainsbury’s shares have risen by more than 13% in early trading this morning after upgrading its full-year profit forecast.
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Itsu benefits from UK low-fat food revolution
Itsu has “aggressive” plans for expansion after increasing revenues more than 20% to £67.9m thanks to consumer demand for healthy food on the go.
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Browns Food Group to increase exports with bank support
Scottish food group Browns has agreed a £20m funding package to support ongoing growth and investment as it increases sales 4.4% to £151.7m.
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Aldi to launch online offer as annual profits slide
Profits at Aldi have fallen as the discounter invested heavily in price and stores to stay ahead of its bigger rivals and grow sales to £6.89bn
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Wine and beer producer Chapel Down Group grows profits 31%
Kent wine and beer producer Chapel Down Group grew sales by a third in the first half of 2015
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Quorn profit rockets as first bids for business are expected
Quorn has seen pre-tax profit surge almost 50% to £26m as appetite for the meat substitute continues to grow
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Lactalis Nestlé joint venture makes loss
The yoghurt-focused joint venture between Lactalis and Nestlé has slipped into the red in the UK…
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Real Good Food's shares drop on early year revenue fall
Real Good Food’s share price dropped by 3.8% to its lowest level since mid July after updating the market on its falling early year like-for-like sales this morning.
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Diageo volumes improve but volatile currency markets bite
Shares in drinks giant Diageo have risen as CEO Ivan Menezes reassured the market of the group’s impending recovery. The boost to the stock came despite Menezes warning operating profits would take a £150m hit because of volatile currency markets.