latest – Page 163
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NewsThorntons profits jump 60% as fmcg focus pays off
Thorntons has announced a 60.4% increase in full-year profits as its pledged to grow its global business to rebalance the company away from UK retail to become an international fmcg firm.
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NewsHilton Food Group hit by currency movement and lower meat prices
Meat packing firm Hilton Food Group saw a fall in first half revenues despite rising volumes as currency movement and lower raw material prices took their toll.
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NewsABF weighed down by weak sugar sales
Associated British Foods expects to see improved full-year profits despite “substantially lower” revenues and earnings from its sugar business.
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NewsRed Bull blames economy and competition for falling turnover
The UK arm of Red Bull has laid the blame for a 2.5% drop in turnover last year on “difficult economic and competitive fac…
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NewsDr Oetker back in profit following increased focus on own label
Dr Oetker bounced back into profit in the UK after posting a pre-tax profit of £165,000 compared with a £2.4m loss in 2012…
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NewsBirds Eye operating profits rise in spite of horsemeat scandal
Birds Eye shook off the impact of Horsegate to post a 15.8% increase in operating profit last year…
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NewsCo-op returns to profit as Pennycook made permanent CEO
The Co-operative Group has posted a half-year profit of £66m and confirmed that interim CEO Richard Pennycook will take on the role permanently.
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NewsBudgens operator Kavanagh Retailing reports 144% profit hike
Kavanagh Retailing UK has posted full-year pre-tax profits up 144%
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NewsHeinz Tomato Ketchup props up ailing Beanz and Soups
Sales of Heinz Beanz and soups fell in the UK last year – with Heinz Tomato Ketchup one of the few bright spots.
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NewsTesco cuts profit forecast and brings forward Dave Lewis' arrival
Tesco today cut its profit forecast and interim dividend
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NewsLidl sales on course to smash £4bn barrier in 2014
Lidl expects to smash the £4bn barrier in 2014, with its sales on course to rise 20%.
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NewsEmmi cuts earnings forecast after poor trading in Italy
Swiss dairy group Emmi’s shares opened 6% lower this morning after it downgraded its full-year earnings forecast.
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NewsMoy Park on course for IPO before the end of the year
Moy Park is already in the “advanced stages” of its IPO preparations and on course to float on the Stock Market…
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NewsPoundland execs decide against bonuses despite successful year
Poundland executives have elected to receive no bonus despite a year of double-digit sales growth and a landmark IPO…
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NewsCo-op Bank making ‘progress’ despite £75.8m loss
The Co-operative Bank has said it is making progress towards stability despite reporting a loss before tax of £75.8m for the six months to 30 June 2014.
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NewsWH Smith short sellers may yet be caught out
A stark split of opinion has emerged in the City over the prospects for WH Smith…
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NewsTreasury Wine Estates hit by AU$100m loss
Troubled Australian wine company Treasury Wine Estates has seen profits tumble by 30% following a “challenging” year that saw it lose $100m.
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NewsSymington's reports falling profits amid 'challenging' UK market
Pinched consumers, the cost of promotions and the rise of the discounters have led to slump in full-year profits at Symington’s.
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NewsHeineken beer volumes boosted by the World Cup
Heineken saw overall beer volumes rise 3.1% and a “mid-single digit” figure in the UK as the World Cup and warm weather helped boost first half trading.
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NewsImperial Tobacco reports a 1% slide in global sales
Imperial Tobacco Group said today it remained on course to acquire a range of US cigarette brands as it reported a 1% fall in global revenue for the first nine months of the year.