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NewsCity snapshot: Out of home closures hit first half trading at Coca-Cola European Partners
Great Britain Coke bottler Coca-Cola European Partners has reported a 26% revenue slump in second quarter as the closures of food to go outlets hit trading across Europe. Plus , McColl’s falls to first half loss, trading updates from Naked Wines and Hammerson and all the rest of the news from the City.
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsLockdown and writedowns halve Diageo’s annual profits
Annual profits at global spirits giant Diageo have almost halved amid write-downs of £1.4bn and an 8.4% slump in sales due to closure of pubs and restaurant, the cancellation of sporting events and a plunge in travel retail.
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.
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NewsOC&C Global 50 shows the fmcg giants in good health
The world’s 50 biggest fmcg companies continued their resurgence before lockdown hit, posting their highest levels of organic growth since 2015
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NewsLily’s Kitchen revenues near £40m amid exports surge
Premium petfood brand Lily’s Kitchen saw revenues jump to near £40m ahead of its acquisition by Nestlé on soaring export sales and strong growth in its home market.
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NewsAt-home demand helps Quorn offset foodservice shutdown
A spike in demand from supermarket shoppers has helped meat-free brand Quorn offset a collapse in its foodservice business throughout the Covid-19 crisis.
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NewsCity snapshot: Lockdown hits first half performance at Kerry Group
Revenues and profits were hit at Kerry Group in the first half of the year as the global closure of foodservice businesses hit its business in the second quarter. Plus, half year results from AB InBev, Pets at Home sales slow and all the rest of the latest news from the City.
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe
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NewsCity snapshot: Premier Foods sales surge 22.5% in first quarter
Premier Foods has posted a 22.5% surge in first quarter sales driven by consumers flocking to its brands during the coronavirus lockdown period. Plus, food inflation holds steady at 1.5% and all the rest of the latest news from the City.
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NewsMcDonald’s global profits tumble amid lockdown hit
Profits have tumbled more than 50% at McDonald’s in the second quarter as the peak of lockdown measures took a toll on the fast-food chain.
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NewsGreggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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NewsCity snapshot: Reckitt brands clean up amid coronavirus demand spike
Sales and profits have soared at Reckitt Benckiser in the first half as hygiene-conscious consumers flocked to buy its disinfectant brands during the Covid-19 outbreak. Plus, on a busy morning trading updates from Greencore, AG Barr, Greggs and B&M and all the rest of the latest news from the City.
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NewsBidfood parent back in profit ahead of Covid-19 outbreak
Bidfood parent company BFS Group has bounced back into the black in its latest financial year, positioning the foodservice wholesaler in a stronger position ahead of the coronavirus outbreak.
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NewsUnilever sales resilience shows ‘true strength’ says Alan Jope
The first half showed “the true strength of Unilever” according to its CEO Alan Jope, as a surge in eating at home propelled the consumer giant above market expectations.
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NewsNew England Seafood lauds progress amid ‘tough’ trading landscape
The UK fish processor said it had adapted its offer after a challenging Q1, according to its latest financial results
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NewsUnilever shows ‘true strength’ to weather coronavirus crisis
Unilever has posted broadly flat organic sales and improve profits in the first half of the year in a performance that shows “the true strength of Unilever” according to its CEO.
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NewsProper Snacks sales rise 25% amid expansion and NPD
For the year ended 29 December 2019, the company’s turnover amounted to £15.9m from £12.7m the prior year
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NewsOrnua Foods UK sees sales rise, but profits fall by almost £3m
The UK arm of Irish dairy co-op Ornua said the 40% drop in pre-tax profits was due to a major investment in operations