latest – Page 25
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NewsCity News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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NewsCity snapshot: Collect+ growth boosts PayPoint sales
Retail technology firm PayPoint has posted a rise in first half revenues and comparable profits despite a “challenging and unpredictable economic environment”
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NewsBakkavor shares sink as volumes come under pressure
Shares in Bakkavor have plunged as the prepared foods group warned annual profits would be at the lower end of forecasts as volumes took a hit from the squeeze on consumer spending power.
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NewsCity snapshot: Britvic sales and profits fizz during hot summer
Revenues and profits at Britvic have fizzed higher as the group’s range of soft drinks proved popular over a hot summer and the out-of-home market recovered from the pandemic. Plus, Bakkavor warns of volume hit in Q3 and Pets at Home reports interims.
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NewsCity Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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NewsCity snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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NewsLidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season
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NewsCity snapshot: Lidl wins new shoppers ahead of Christmas as annual sales increase
Annual revenues at Lidl have increased as it continued to attract new shoppers looking to cut down on household spending. Plus, a trading update from Finsbury Food Group.
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NewsDX Group appoints Mark Hammond as executive chairman
Hammond will take over from retiring chairman Ron Series, who spent five years at the business
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NewsCity snapshot: Premier Foods grows profits and sales as shoppers stay home to cut costs
Squeezed shoppers have turned to Premier Foods’ stable of household brands as they cut down on eating out, boosting sales and profits at the supplier group. Plus, inflation hits 11.1% as food prices soar at fastest rate since 1977, Deliveroo exits Australia, McBride warns of continued cost pressures, and Eagle Eye acquires French personalised promotions firm
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NewsCity snapshot: Supermarket volumes set to fall this Christmas as shoppers retreat from rising prices
Shoppers will buy less and more carefully this Christmas as the rising price of groceries continues to put pressure on households, according to the latest industry research. Plus, full-year profits tumble at Imperial Brands and Wincanton posts strong first half
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NewsOatly plans redundancies on downgraded outlook and spiralling losses
Oatly is planning to slash its employee headcount as part of a package of cost-cutting measures
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NewsBirds Eye sales growth freezes as demand falls from pandemic highs
Revenues at Birds Eye have fallen for the first time in four years
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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NewsCity snapshot: OC&C 150 illustrates pre-crisis recovery for big food businesses
The UK’s 150 biggest suppliers bounced back to the industry’s highest growth rate for three years ahead of the cost-of-living crisis earlier this year.
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NewsBirds Eye owner Nomad hikes prices to boost sales
Nomad has delivered ‘strong’ sales growth in the third quarter after raising its prices by more than 10% to offset soaring input costs
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NewsCity snapshot: WH Smith back in the black as travel recovery takes flight
WH Smith has swung back into the black as its travel division experienced a significant recovery from the pandemic. Plus, interims from B&M and Tate & Lyle, and Q3 updates from Haleon and Domino’s Pizza.
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NewsCity snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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NewsABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.