latest – Page 62
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NewsCity snapshot: Sweet sales growth for Cake Box as stores reopen
Cream cake retailer Cake Box is giving back furlough cash and paying shareholders a special dividend after a strong performance since the easing of lockdown. Plus Nestlé is set to acquire biopharmaceutical company Aimmune Therapeutics and all the rest of the latest news from the City.
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NewsTiptree owner Wilkin & Sons blames ‘tough’ market as sales slow
Growth fell back at premium jam maker Wilkin & Sons last year amid a slowdown of international sales and a “tough” UK retail market
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsBerry Gardens-led consortium gains £2.5m funding for robotics trial
The trial will see robots deployed to help pick and pack fruit at a strawberry farm in Kent
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NewsCity snapshot: Ultimate Products returns furlough money as profits hold firm
Consumer goods group Ultimate Products has repaid all the money received during the pandemic under the government’s furlough scheme
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market
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NewsLotus Bakeries’ UK snacks brands hit by lockdown sales drop
Nakd, Trek and Bear owner Lotus Bakeries increased sales in the first half of the year despite the coronavirus lockdowns hitting the performance of its UK snacks brands.
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NewsAsda sets sights on one million online delivery slots by next year
The retailer has seen digital sales surge and is expanding its delivery partnership trial with Uber Eats
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NewsCity snapshot: Meaty sales growth at Cranswick during coronavirus lockdown
Cranswick has upgraded its outlook for 2020 as lockdown and stockpiling sent sales soaring by more than 20% in the first quarter.
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NewsSurging sales at Just Eat Takeaway.com come at a cost
A flurry of orders from consumers stuck at home saw food delivery giant Just Eat Takeaway.com post surging sales in the first half of the year – but growth came at a substantial cost.
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NewsPladis profits soar as global revenues pass £2bn
Profits have soared at McVitie’s owner Pladis Foods after it lifted revenues above £2bn.
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NewsThorntons loses £35m as sales drop amid retail closures
Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero
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NewsCity snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
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NewsLockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.
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NewsRetailer profit warnings slow after record first quarter
Some 38 profit warnings were issued by FTSE retailers in the first quarter but only nine from April to the end of June, according to the latest data from accountancy firm EY
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NewsWeetabix sales boost not enough to offset foodservice slump at owner Post
A third-quarter bump in sales was not enough to keep Post Holdings in growth
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NewsCity News: Diageo shares under pressure as results fail to meet expectations
Shares in the world’s largest spirits group Diageo came under pressure this week as its annual results undershot meagre expectations and it took £1.3bn of coronavirus-driven writedowns.
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NewsNomad Foods on the acquisition trail as frozen sales soar in wake of coronavirus
Reported revenues jumped 11.4% to €599m (£541m) in the second quarter of 202
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NewsLucozade Ribena Suntory shifts to its drink-later portfolio to offset Covid-19 trading hit
The dramatic collapse in footfall on the high street depressed demand for impulse soft drink purchases with consumers stuck at home