latest – Page 59
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NewsCity News: Unilever warns of further price hikes
Unilever warned the market that further price hikes are on the way despite double-digit price inflation in 2022, but investors were reassured by the consumer giant’s full-year results on Thursday
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NewsCity snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
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NewsArla warns of tough year ahead after 2022 trading ‘volatility’
The dairy giant saw branded volumes fall last year as the cost of living crisis kicked in
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NewsCity snapshot: Unilever warns of further inflationary pressures after double-digit price hikes in 2022
Unilever has warned that it will take further pricing action in 2023 to cope with continued inflationary pressures despite pushing through double-digit price hikes in 2022. Plus updates from Compass Group, British American Tobacco and Arla
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NewsMackie’s profits melted by surging costs despite record market share
Profits have slumped at Scottish ice cream maker Mackie’s despite the brand boosting market share to its highest-ever level as surging costs squeezed margins.
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NewsCity snapshot: Price rises boost PZ Cussons sales but volumes and margins decline
PZ Cussons has delivered a ’robust’ performance in the first half as its transformation continued. Plus, Cellular Goods reveals its proposed acquisition of CBD player Cannaray has collapsed, and Tate & Lyle unveils a new five-year framework
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NewsCity snapshot: Shoppers cut back grocery spending post-Christmas
British shoppers are reining in grocery spend post-Christmas, as UK supermarkets experienced a continued decline in volume sales during January
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NewsThis named fastest-growing food brand in Fast 50 ranking
The brand’s rapid growth and heavy investment has propelled it to the top of Alantra’s annual Fast 50
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NewsWyke Farms sees sales and profit rise, despite soaring costs
The supplier said the cost of producing cheddar had doubled since the start of its accounting period
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NewsCity snapshot: Cranswick sales accelerate amid strong consumer demand for meat
Pork and poultry producer Cranswick saw revenues accelerate in the third quarter as volume growth and higher prices contributed to growth
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NewsLogistics provider DX appoints Paul Ibbetson as new CEO
Ibbetson spent over 10 years as operations director of Tuffnells Parcel Express, before joining DX in 2017 as MD of the business’ freight division
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NewsProfits warnings at food producers hit 16-year high in 2022
Profit warnings by UK-listed companies soared 50% higher in 2022 as rising costs put retailers and food companies under significant pressure, according to a new report
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NewsPotts says vertical model made it harder for Morrisons to keep prices down
A lack of competitiveness on price was a key reason for a 4.2% fall in like-for-like sales in the 52 weeks ending 30 October 2022
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NewsMorrisons sales fall 4.2% but CEO Potts claims fightback is working
Group revenue for the year was up 2.2% from £18bn last year to £18.4bn, and Potts said sales had been on a “steadily improving trend”
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NewsCity snapshot: Diageo sees surging sales and profits as consumers retain taste for premium drinks
Spirits giant Diageo has posted strong growth in first-half sales and profits as consumers continue to flock to its premium portfolio despite rising prices. Plus, Greencore downgrades expectations on lower food to go volumes and trading updates from Fever-Tree, Britvic and Tate & Lyle
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NewsRiverford Organic sees profits fall after investing in people and packaging
The veg-box delivery business ramped up its marketing in a bid to grow customers after Covid-19
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NewsCity snapshot: ABF sales jump as commodity costs and inflation ease
Associated British Foods grew revenues by 20% in the quarter encompassing Christmas as it benefited from a less volatile inflationary environment, easing commodity costs and ‘resilient’ consumer spending
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NewsCity snapshot: Revenues sparkle at Chapel Down as market share grows
Sparkling wine sales at English producer Chapel Down have fizzed 53% higher as a record number of bottles of its premium offering were sold last year. Plus, consumer confidence turns a corner in the UK following 15 months of decline
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NewsCity News: Ocado misses out on yearly growth despite Christmas rebound
Ocado shares were rocked this week by its first drop in annual sales
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NewsLily’s Kitchen revenues soar in post-Covid pet ownership boom
Revenues at the natural petfood brand, which was snapped up by Nestlé in April 2020, shot up 31.6% in the year to 31 March 2022