latest – Page 147
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NewsGeneral Mills improves profits despite sales slip
Profits at General Mills leapt 23.6% to $426.6m in its first quarter despite overall revenues slipping slightly as the US food group improved pricing and focused on margin expansion efforts.
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NewsIrn-Bru maker’s stock plummets as sales disappoint
Shares at AG Barr have slid 5.4% so far today to a 35-month low after disappointing sales in the first half hit by mixed British weather and price deflation in the soft drink market. Analysts trimmed their full-year forecasts for the Irn-Bru owner but expected growth to return in the long term.
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NewsThemed cakes and M&A boosts Finsbury sales
Sales at Finsbury Food Group have increased 45.8% to £256.2m thanks to major acquisitions and the success of themed cakes based on Disney films, such as Frozen, and other animated characters.
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NewsPureCircle sets sight on LSE main market as sales rise
PureCircle revealed its intention to move from the junior market of the London Stock Exchange to the main market as the ongoing war on sugar helped fuel a rise in sales at the stevia producer.
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NewsAnalysts react as AB InBev makes approach for SABMiller
There is no doubt what the biggest corporate story of the week was after AB InBev finally showed its hand on SABMiller
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NewsNatural Balance says healthy eating trend behind sales boom
Newly acquired Natural Balance Foods saw a 67% sales jump in the year before its buyout…
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NewsOcado ‘not worried’ by Amazon Fresh as sales beat forecasts
Ocado has declared itself unworried by the looming threat of Amazon Fresh after topping analysts’ sales expectations in the third quarter
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NewsPoundworld hails ‘landmark progress’ in record year
Discount chain Poundworld has increased operating profits by almost 130% to £14.6m thanks to a record year of trading as sales jump £77m to £422.3m.
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NewsApplegreen’s revenues boosted by rising food sales
Newly listed Irish forecourt operator Applegreen saw revenues rise by 16% in its first interim results as a listed company, boosted by a 9% rise in like-for-like non-fuel sales.
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NewsMondelez looks to grow healthier snacking options
Cadbury owner Mondelez has told investors it plans to shift its focus towards healthier snacks and target more affluent consumers.
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NewsWaitrose carves out strong position in tough price war
In the current grocery market, any gain is a positive
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NewsMorrisons launches six-point turnaround plan in wake of store closures and profits slump
Morrisons CEO David Potts has revealed a six-point turnaround plan after reporting a 47.2% fall in half year profits
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NewsHilton Food Group hints at more expansion after solid results
Meat packing firm Hilton Food Group has not ruled out further expansion in both the UK and Australia
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NewsKarro Food Group returns to profitability
Karro Food Group has returned to profitability in its second year of trading as an independent business after years of annual losses.
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NewsPick Your Own ‘not hitting profits’, says Waitrose CEO
Mark Price has insisted the scheme is boosting sales and margins have not declined
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NewsWaitrose profits hit as property woes blight JLP
Waitrose has seen its profits fall again as ‘turmoil’ in the grocery market and a loss of property profits hits
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NewsPalmer & Harvey grows sales but makes net loss from Costcutter 'teething problems'
P&H said that it, along with Costcutter, invested heavily in unplanned net start-up costs amounting to £15.2m
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NewsMcBride returns to annual profit despite 5.4% sales dip
McBride, the provider of private label household products to major retailers, has vowed to focus on “manufacturing excellence”
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NewsCurrencies and sugar woes hit ABF’s full-year trading
Associated British Foods hasreaffirmed that the impact of currencies and the weak performance of its sugar division will see an overall decline in annual profits.
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NewsAbsolut drives spirited Pernod Ricard performance in UK
Absolut vodka - the brand responsible for a €404m write-down in Pernod Ricard’s annual results - has driven a strong performance by the business in the UK.