latest – Page 36
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NewsCity snapshot: ABF issues warning over Primark sales and sugar profits
ABF blamed unfavourable weather in the UK and Ireland, which resulted in lower volumes of seasonal lines
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NewsHilton Food Group enjoys further growth in strong first-half results
The meat, seafood and plant-based packer saw pre-tax profits rise by almost 38% like for like, in the first half of 2024
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NewsNew launches help Itsu grocery revenues surpass £50m for the first time
The supplier launched total of 27 new products in grocery in 2023
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NewsCity snapshot: Andrew Carter quits as Chapel Down profits slump
Chapel Down and Hilton Foods announced results and personnel changes. Itsu reported record grocery sales.
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NewsSamworth Brothers records £22.5m hit from Revolution Kitchen closure
Operating profits at Samworth Brothers fell by 22.2%, to £20m as a result
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NewsCity snapshot: ‘Softening trends’ lead Brown-Forman to miss quarterly sales and profit forecasts
The Jack Daniel’s maker’s sales were down 4% on an organic basis in the three months to 31 July
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NewsFirst Milk delivers big profit boost in ‘healthy’ 23/24 results
First Milk put its strong showing down to improvements in its underlying performance over the past three years
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NewsCity snapshot: Pernod Ricard hails ‘robust’ performance despite full-year sales decline
The group’s full-year sales for the year to 30 June were down 1% organically to €11.6bn
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NewsArla hails branded performance in ‘robust’ half-year results
The dairy co-op said volume-driven revenue growth increased by 4.1% globally and by 11% in the UK
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NewsCity snapshot: Naked Wines making ‘real progress’ on turnaround despite widening losses
Revenues at the embattled business also continued to slide
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NewsCity News: Asda disappoints again as pressure mounts on Mohsin Issa
Pressure is continuing to mount on Asda and owner Mohsin Issa as the latest industry data this week revealed a sharp slump in summer sales and more ground lost on market share
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NewsAllplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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NewsCrediton sees profits jump on back of wider product range
The supplier saw profits after tax increase from £7.9m in 2022 to £9m in the year to 30 December 2023
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NewsTyphoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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NewsCity News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe
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NewsPots & Co cuts losses as it outsources manufacturing
High-end desserts specialist Pots & Co cut its losses in a ‘milestone’ year that saw it prioritise profitability over sales growth and move towards break-even
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NewsDistil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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NewsCity snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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NewsCity snapshot: Lotus Bakeries posts 20% jump in first half sales
Bear and Nakd owner Lotus Bakeries has reported a double-digit jump in first half sales and profits amid strong growth of key brands
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NewsAsda promises to open more checkouts, improve availability and make stores cleaner
Announcing its Q2 results today, the supermarket revealed revenue excluding fuel was down 2.2%, with like-for-like sales down 5.3% over the period