latest – Page 59
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NewsCJ Lang reports 18% sales growth since April
The Scottish Spar wholesaler this week reported a 3.4% increase in sales for the year to 31 April
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NewsSainsbury’s to permanently close in-store counters and 420 Argos stores
Retailer has warned that 3,500 roles could be impacted by the changes
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NewsCity snapshot: Sainsbury’s sales soar more than expected as UK enters second lockdown
Sales and profits have surged at Sainsbury’s as the country continues to battle the coronavirus pandemic. The group also announced a strategy update, which included the closure of a further 420 Argos standalone stores. Plus, Tate & Lyle and Wincanton report first-half results.
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NewsM&S ‘lobbying hard’ for Sunday trading extension
CEO Steve Rowe said it would give people more time to shop for food safely in the run-up to Christmas
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NewsCity snapshot: Primark closures drive ABF sales and profits plunge despite grocery growth
Associated British Foods has posted a double-digit drop in annual sales and profits as the strong performance of its grocery businesses was unable to fully mitigate the closure of its Primark stores during lockdown.
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NewsCity snapshot: Lower Covid costs boost profits at Groupe Casino
French grocery giant Groupe Casino has posted a rise in sales and earnings in the third quarter as strong performance in Latin American was helped by improved profitability in France as Covid costs reduced. Plus, losses as Tasty mount, Carrefour sells payments arm for €300m and the rest of the latest news from the City.
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NewsKraft Heinz reports Q3 coronavirus pandemic sales boost
Sales at Kraft Heinz have experienced a boost in the third quarter as consumers continue to drive growth at global food groups during the coronavirus pandemic.
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NewsKellogg upgrades sales forecast on demand for Pringles and cereal
Kellogg has become the latest global fmcg giant to reveal better-than-expected results as shoppers continue to buy more of its portfolio of brands while spending more time at home during the ongoing coronavirus crisis.
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NewsGlobal fmcg giants RB, P&G, Nestlé and Unilever report strong results
Recent earnings releases show 2020 is proving to be a good year for global fmcg giants
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NewsTop 150 UK suppliers see sales top £70bn
The OC&C Top 150 report of the UK’s biggest food and drink producers found total aggregate revenues rose by 1.9% in 2019 to a collective £70.3bn
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NewsSamworth Brothers takes sales hit as food to go market suffers
The business also anticipated margins would take a hit and has taken steps to control costs
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NewsCity Snapshot: Coke regains some fizz but future still uncertain
Coca-Cola has slowed its declining revenues in third quarter as easing lockdown restrictions across the world allowed consumers visit cafes and restaurants again. Plus, consumer confidence slumps again in October and the latest figures from the ONS show retail sales grew for the fifth consecutive month in September.
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NewsCity Snapshot: Unilever sales accelerate in Q3 as shoppers keep homes clean in fight against Covid
Unilever has boosted third-quarter sales thanks to shoppers continuing to stock up on Domestos and Cif to battle the coronavirus in thier homes.
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NewsC&C Group falls to first half loss amid pub closures
Beer, cider and wine producer and distributer C&C Group fell to a first half operating loss amid a 55% plunge in revenues as the lockdown and shuttering of pubs hit trading
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NewsP&G benefits from booming demand for home hygiene as Q1 sales fly
Revenues have soared at Procter & Gamble in the first quarter on the back of shopper demand for home hygiene products as the coronavirus crisis continues.
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NewsCity snapshot: Petfood sales spike boosts Nestlé’s third quarter growth
Nestlé has posted third quarter organic growth of 4.9%, driven by strong demand for petfood as well as at-home coffee consumption and dairy. Plus, pub closures send C&C Group to first half loss, PayPoint sells Romanian business and all the rest of the latest news from the City.
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NewsBritvic agrees 20-year bottling deal with PepsiCo
Britvic has reached a deal with PepsiCo for a new and exclusive 20-year franchise bottling agreement
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NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
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NewsBirds Eye sales outdo expectations after shoppers fill freezers
Birds Eye sales powered ahead of expectations as shoppers stocked up their freezers during lockdown.
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NewsCity snapshot: Danone launches full portfolio review to plan for new COVID-world
French dairy giant Danone has this morning announced its intention to conduct a full portfolio review and put assets worth €500m up for immediate sale to tailor its business for a post-coronavirus market.