latest – Page 35
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NewsWaitrose warns of more inflation-driven “uncertainties” after falling to annual loss
Waitrose has fallen to a statutory loss of £2.3m in 2021/22 Waitrose has fallen to a statutory loss of £2.3m last year after trading profits were heavily impacted by supply chain challenges and pandemic-related costs. The supermarket swung to red from a profit of £126.3m the year ...
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NewsCharities question supermarket profits after calls for windfall tax
Campaign group Sustain cited figures showing 57% of adults were in households with food insecurity
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NewsCity Snapshot: Coca-Cola HBC sales soar despite suspension of Russian orders
Eastern European Coke bottle Coca-Cola HBC has posted a strong rebound in growth despite facing a “turbulent environment” due to disruption in major markets of Ukraine and Russia
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NewsNomad sales volumes and margins slide amid 'difficult' economic conditions
Frozen foods giant Nomad posted headline sales growth in the first three months of 2022 despite tough comparisons and “difficult” economic conditions, but organic sales were down as volumes dropped back
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NewsCity snapshot: Compass Group raises growth forecast as outsourcing picks up
Catering giant Compass Group has hiked its full year growth forecasts after getting back to pre-Covid sales levels at the end of its first half
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NewsHeck posts growth but warns of future impact from rising costs
The North Yorkshire-based supplier saw year-on-year turnover rise by just over £1.6m to £27.7m
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NewsBleiker’s Smokehouse under investigation for food fraud as it enters administration
The North Yorkshire-based smokehouse was previously a supplier of fish products to major UK supermarkets but it is now under investigation by the National Food Crime Unit
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NewsCity snapshot: AB InBev posts volume growth despite price hikes
The world’s largest brewer AB InBev has posted first quarter growth of 11.1% driven by price increases and volume recovery
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NewsFisherman’s Friend owner pins hopes on NPD after sliding to £5.1m loss
The business said it was “fully committed to the future”
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NewsUK profit warnings spike as spiralling costs hit consumer industries
The number of profit warnings issued by UK-listed companies so far in 2022 has jumped 44%, with the beleaguered retail and consumer sectors amongst those worst hit by spiralling inflation
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NewsCity News: Unilever growth above expectations but more price hikes on the way
Unilever’s first quarter growth came in above market expectations due to an 8%-plus hike in prices
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NewsBrakes reports 35% sales decline as result of hospitality shutdown
Across the wider European business sales fell by 25.7% to £2.6bn for the year to 4 July 2021
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NewsWyke Farms owner warns UK is ‘sleepwalking’ into grain shortage
The problem will be exacerbated by the lack of “intervention stores” in the UK and Europe designed to be used if food runs out
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NewsCity snapshot: WH Smith sales soar on global travel recovery
WH Smith has seen a strong rebound and revenues and moved back into profit as travel retail sales rebounded amid the relaxation of Covid restrictions. Plus updates from Coca-Cola Europacific Partners, Gousto and Nichols.
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NewsCoca-Cola’s revenues surge amid Covid rebound and price rises
Coca-Cola has posted strong growth in its first quarter, as volume growth and rising prices more than compensation for mounting costs.
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsCity News: Market buoyed by Nestlé’s growth despite warnings of further price hikes
Nestlé warned of further price increases this week, on top of the existing 5%-plus price hikes this year, but analysts were buoyed by the fmcg giant’s continued organic growth
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NewsFilippo Berio UK expects ‘challenging year’ as input inflation bites
Olive oil market leader Filippo Berio has warned of “spiralling costs” and shipping issues from Italy after its UK profits were dented by inflationary pressures last year
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NewsCentral England Co-op food sales dip 3.4% to £667.6m
Sales of local goods increased by 23% over the past year
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NewsPoundland Group revenues up 8.6% to €467m in latest quarter
Poundland Group includes its sister fascia Dealz in Europe and the Republic of Ireland