latest – Page 43
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NewsJames Convenience Retail sales and profits suffer due to pandemic
The retailer temporarily closed 12 shops for a period of the financial year due to the pandemic
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News‘Transformed’ CJ Lang doubles pre-tax profits as sales grow 9%
In the past year, the company has invested more than £2m in the rollout of its overarching food-to-go brand
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NewsCarlsberg upgrades 2021 profits guidance as reopening of pubs boosts Q3
Danish brewer Carlsberg has lifted its profit forecasts for the year thanks to a better-than expected performance in the third quarter and start of the final three months of 2021 as drinkers returned to pubs and restaurants.
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NewsKraft Heinz price hikes lifts 2021 profits expectations
Kraft Heinz has raised profit expectations for the year as a hike in prices and sustained at-home demand helped the US food giant battle escalating inflation.
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NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
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NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
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NewsNestlé leads the pack of consumer giants growing despite inflation
Global fmcg players proved this week mounting inflation is not necessarily a barrier to growth, but warned that consumers will have to get used to higher prices
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NewsKanes Foods reports £12m pandemic hit but says sales have bounced back
Salad bowl and prepared veg supplier Kanes Foods suffered a £12m drop as the pandemic ravaged the food-to-go sector, but is now trading above pre-Covid levels
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NewsLabour and supply chaos reflected by profit warning hike
Overall, 65% of consumer-facing profit warnings cited cost or supply issues in the third quarter
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NewsCentral England Co-op sees sales dip against ‘dramatic spike’ of March 2020 lockdown
Sales remained 4.3% above pre-pandemic levels, totalling £458.1m during the first six months of 2019
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NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
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NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
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NewsP&G faces $2.1bn commodity hit as first quarter margins slide
US consumer giant Procter & Gamble has posted a 5% rise in first quarter net sales, but warned it faces a $2.1bn headwind from higher commodity prices and a further $200m due to freight costs.
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NewsBoots sees comparable retail sales rise 15% in quarter four
The sales uplift has largely driven a strong performance for parent Walgreens Boots Alliance, according to the health and beauty retailer
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NewsProfit warnings rise in grocery industry as supply chain challenges bite
Profit warnings by UK listed companies in consumer-facing sectors, including retail and grocery producers, accounted for more than a third of those issued between July and September
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NewsDTC petfood specialist Butternut Box sees sales more than double
Dogfood subscription specialist Butternut Box saw revenues surge by 114% to more than £23m last year
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NewsSt Pierre Groupe sees growth in UK rocket
UK growth at St Pierre Groupe continues to accelerate, outpacing its success in the US, as a raft of new listings continue to bear fruit
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NewsFresca Group shrugs off challenges of pandemic to post big rise in profits
The grower described its performance for the 2020/21 year as “overwhelmingly positive” but warned of “headwinds” to come
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NewsCrediton Dairy sees lockdown sales and profits hike
The Devon-based dairy drinks specialist saw sales climb by 17% to £87.3m for the 52 weeks to 2 January
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NewsCity snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.