latest – Page 54
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NewsLindt sweetens global decline with rising UK sales
A strong performance in the UK helped Lindt offset declines across the world as the coronavirus pandemic disrupted several areas of the Swiss confectionery giant’s business.
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NewsWaitrose reports 10% hike in sales of Duchy Organic products
Waitrose has also rebranded the packaging of the 300-strong Duchy range to reflect its sustainability-led values
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NewsCity Snapshot: Primark drags back grocery and sugar progress at ABF
Associated British Foods said its grocery, sugar and agriculture businesses will be “materially ahead of expectations” for its first half, but Primark’s coronavirus-drive weakness will reduce overall sales and profits. Elsewhere, Biffa buys food waste retailer Company Shop, Virgin Wines reveals £110m listing details and AB InBev grows fourth quarter sales.
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NewsHeck to make debut in cooked meats with cocktail sausage duo
It comes as the supplier posted a 10.5% increase in turnover for the year to 31 July 2020
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NewsPoundland sales fell to 60% of normal levels in first lockdown
Across the group, including Pepco and Dealz, sales nevertheless rose 3% to €3.5bn, full-year accounts reveal
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NewsCity snapshot: Record year for Reckitt Benckiser as Covid fuels demand for Dettol
A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay. Plus, EG Group strengthen board with new non-exec appointment, and Glanbia profits slump as Covid take toll on performance nutrition division.
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NewsCity Snapshot: McBride boosted by cleaning products demand spike
Household goods manufacturer McBride has seen an uplift in sales and profits in the second half of the year as the coronavirus outbreak continues to boost the sale of cleaning products
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NewsHuel sees surge in growth as home delivery booms
Huel said growth was helped by new flavour launches and the rollout of an improved recipe
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NewsHome Bargains turnover boosted by estate growth amid pandemic
New stores helped boost turnover by 13% to £2.8bn in the year to 30 June 2020, newly filed accounts at Companies House reveal
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NewsCity snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
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NewsNestlé posts strongest growth numbers in five years
Petcare was the group’s standout performer, with its premium brands Purina Pro Plan, Purina One and Felix driving the category to organic growth
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NewsCity snapshot: Danone plans ‘year of recovery’ after 2020 sales drop
Danone has guided towards a ‘year of recovery’ in 2021, while it has acquired US-based vegan dairy player Earth Island. Plus, UK retail sales slump in January and all the rest of the latest news from the City.
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NewsSaputo hails ‘robust’ results as Cathedral City remains strong
Much of Saputo’s growth came from sales rises by market-leader Cathedral City and best-selling spreads brand Clover
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NewsAsda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
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NewsCity Snapshot: Booming petcare sales help Nestlé increase 2020 revenues
Global foods giant Nestlé has posted an uptick on organic sales growth during the coronavirus period, helped by strong growth in its petcare, dairy and coffee businesses. Plus, Premier Foods pays down more debt, Carrefour posts ‘record’ year and more.
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NewsNomad Foods reveals strong finish to 2020 as frozen gets Covid boost
In a trading update issued ahead of its annual results next week, the Birds Eye owner revealed organic revenues jumped by 9.5% in the final three months of 2020 as the Uk entered lockdown once more.
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NewsCity snapshot: Total Produce and Dole to float on US stock market
Fruit and veg supplier Total Produce has agreed to combine with Dole Food Company to created the largest fresh producer in the world with revenues of almost $10bn. Plus, profits jump at BAT despite Covid disruption; Nestlé sells North American water brands for $4.3bn; Imperial Brands appoints a CFO; Ahold Delhaize 2020 sales soar thanks to pandemic; and Ohso Chocolate acquired by VC firm.
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NewsCity snapshot: Kerry reports ‘strong recovery’ as year-end sales return to growth
Irish food and nutrition supplier Kerry Group has posted a 4% drop in annual sales in 2020, which it said representing a ‘strong recovery’ since April with improvements in its taste & nutrition and consumer foods divisions.
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NewsJJ Foodservice bucks wholesale trend with sales increase in 2020
Wholesaler put the success down to its ability to diversify its offer at the beginning of the first UK-wide lockdown
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NewsHolland & Barrett digital sales more than double as in-store sales plummet
Sales for its e-commerce arm climbed 103% to £125m in 2019