latest – Page 38
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsMackie’s of Scotland enjoys record year but inflation set to squeeze profits in 2022
Scottish ice cream brand Mackie’s has delivered record sales and profits despite the challenges of lockdown and spiralling costs.
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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NewsCity News: Danone posts strong growth but inflation dampens excitement
Danone posted its strongest quarter growth for seven years on resurgent bottled water sales and rising prices, but inflation and the prospect of tightening margins kept a lid on City excitement
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NewsCovid dampens sales growth at Halewood Artisanal Spirits
Premium booze player Halewood Artisanal Spirits has seen a sharp reversal of its previously strong growth
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NewsCity Snapshot: Nomad posts annual growth despite organic sales decline
Frozen specialist Nomad Foods posted a fifth successive year of headline and profit growth, despite an organic sales decline amid a “difficult operating environment”
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NewsCity Snapshot: Danone enjoys strong end to 2021 but inflation squeezes margins
Danone has registered a strong end to its financial year as a recovery in bottled water and higher prices pushed up sales, but inflation squeezed margins.
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NewsCity snapshot: THG denies supplier stock restrictions as share price plunges
THG has this morning denied media reports that key beauty suppliers are restricting stock over concerns around discounting, as market concerns again hit its share price. Plus trading updates from Coca-Cola HBC and McBride.
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsTrewithen Dairy reports sales growth of 8% in latest results
The company, which supplies a range of Cornish dairy products, generated pre-tax profits of £1.6m in the 12 months to 30 April 2021
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NewsCity snapshot: Nestlé posts strong growth but inflation hits margins
Nestlé has reported strong annual growth in 2021, driven by continued retail growth and a recovery in out of home, though profit margins were hit by cost inflation. Plus Ocado and Groupe Casino deepen partners and Reckitt’s margins hit by costs.
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NewsKraft Heinz boosts sales with higher prices
Kraft Heinz is the latest fmcg giant to rely on price hikes to lift sales and protect margins against increased input costs
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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NewsCity snapshot: Ultimate Products says global supply chain issues are improving
Homeware and household brands owner Ultimate Products has posted double-digit first half growth and pointed to improvements with global supply chain issues
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NewsOcado shares plummet as it ploughs investment in tech
Ocado’s share price slumped to wipe out all its pandemic-driven gains this week after continued investment in technology saw losses balloon and guidance was lowered for 2022
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NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
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NewsArla continues to see strong growth despite disruption to supply
The dairy co-op’s UK revenue grew by 2.6% to £2.17bn last year
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NewsSales fizz higher at Coke and Pepsi on strong demand and price hikes
Soft drinks giants Coca-Cola and PepsiCo have enjoyed double-digit sales growth in the final quarter of 2021 on the back of price increases and continued demand as consumers return to pre-pandemic habits out of the home.
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NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
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NewsCity Snapshot: PZ Cussons remains positive despite sales decline and cost pressures
Revenues have fallen back at hygiene and personal care group PZ Cussons as demand for its Carex hand sanitiser brand softened from heights experienced during earlier stages of the pandemic. Plus, Tate & Lyle appoints new CFO.