latest – Page 37
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NewsDiscounters win share from big four as shoppers prioritise value
The discounters are once again rapidly taking market share from mainstream grocers as soaring food prices push consumers to prioritise value and own-label products
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NewsHuel mulls IPO as it passes £100m sales mark
Revenues have jumped 43% as demand for the brand’s “nutritionally complete, sustainable food” rocketed
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NewsParfetts to invest in logistics technology as pre-tax profits soar by 25%
The wholesaler recorded a 25% rise in pre-tax profits for the year to June 2021
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NewsCity snapshot: Huel sales pass £100m on surging global growth
Plant-based meals brand Huel saw revenues top £100m last year amid strong growth in the UK and its international business
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NewsAsda like-for-likes down 2.9% in quarter four of 2021 against tough comparatives
The supermarket is also launching a new value range called Just Essentials, as first revealed by The Grocer
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsBestway Wholesale turnover climbs 10% to £2.66bn
The wholesaler said operating profit was £37.2m over the period, up from £7.3m the previous year
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NewsSurging palm oil prices boost profits at MP Evans
Palm oil producer MP Evans has posted a surge in profits in 2021 as the palm oil sector went “from strength to strength” amid spiralling prices
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NewsCity snapshot: Ocado retail sales slow as shoppers return to pre-pandemic habits
Retail revenues at Ocado slowed by 5.7% in the first quarter of its financial year as shopping habits returned backed towards pre-pandemic levels. Plus, Deliveroo losses top £300m as it invests in growth and all the latest news from the City.
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NewsCity Snapshot: Fever-Tree revenues fizz higher but short-term cost pressures loom
Revenues at premium mixer brand Fever-Tree Drinks have jumped 23% to £311.1m despite Covid restrictions hampering on-trade activity as shoppers enjoyed more cocktails at home. Plus, a profits warning from Bulmers owner C&C Group and strong interims from Eagle Eye Solutions.
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NewsCity Snapshot: Cake Box strengthens exec team in bid to move past audit issues
Bakery chain Cake Box has brought in new blood to its board and management team as it looks to move past governance and audit problems, with co-founder Pardip Dass stepping down as CFO after more than ten years in the role.
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NewsCity News: Greggs reports record sales but looming price rises spook investors
The tills started ringing once again last year at food-to-go stalwart Greggs, but investors wary of soaring inflation
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NewsCity snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.
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NewsOatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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NewsLindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCity snapshot: Greggs bounces back to profit but warns over soaring costs
A busy warning sees return to strong growth, but warn over costs, retail data from , - and Barclaycard, and annual results from and Domino’s Pizza Group.
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsHotel Chocolat enjoys bumper first-half results despite inflationary pressures
Revenues jumped 40% higher to £142.9m in the 26 weeks ended 26 December as it won over new customers in the UK and US.
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.