latest – Page 7
-
News
Nomad Foods predicts 2024 volume growth as frozen trend rebounds
The Birds Eye owner has surpassed expectations with a record financial performance last year, with the frozen foods giant forecasting a return to volume growth in 2024
-
News
Heura turnover boosted by Waitrose listing in 2023
Plant-based brand Heura has boosted turnover by more than 20% to €38.3m (£32.8m) in 2023, helped by growth of 81% in the UK as its listing in Waitrose bolstered the Spanish-headquartered business
-
News
City snapshot: Ocado remains in the red despite revenue rise
Ocado posted a £394m annual loss last year, despite a 9.9% rise in revenues as the cost of technology and rolling out its operations internationally continue to weigh on its bottom line
-
News
Beyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
-
News
Avara posts second year of big losses amid ‘challenging’ environment for poultry
The poultry giant said price hikes did not fully offset its overall increase in production costs
-
News
City snapshot: Reckitt Benckiser disappoints amid falling volumes and a weak Q4
Consumer goods giant Reckitt Benckiser has performed below City expectations in 2023 as like-for-like revenues declined 1.2% in a “unsatisfactory” fourth quarter. Plus, Just Eat Takeaway and Glanbia report full-year results
-
News
City News: Nestlé shares suffer as inflation knocks consumer demand
Nestlé shares suffered this week after it posted weaker than expected sales amid a drop in volumes, as inflation hit demand
-
News
Halewood sees £33m revenue decline as it refocuses spirits portfolio
Premium drinks player Halewood Artisanal Spirits saw annual losses grow to over £20m amid a refocus on its core UK branded portfolio and the shedding of low-margin products.
-
News
City snapshot: CCEP posts annual growth of 8% despite dip in sales volumes
Coca-Cola Europacific Partners has posted annual constant currency growth of 8% despite a dip in overall sales volumes
-
News
Charlie Bigham’s growth slows as straitened shoppers buy less
Volumes were flat in the year ended 31 August 2023, compared with double-digit gains in the prior 12 months
-
News
City snapshot: Nestlé sales volumes fall back as price inflation hits demand
Nestlé has posted a drop in annual sales volumes as “unprecedented inflation” hit consumer demand for its food and beverage products. Plus results from Danone and an acqusition from CCH
-
News
City snapshot: Tate & Lyle hit by soft consumer demand in Q3
Tate & Lyle has reported a 4% drop in third-quarter revenues as softer consumer demand and customer de-stocking hit the ingredients supplier. Plus, C&C Group launches €15m share buyback programme
-
News
Arla Foods UK returns to branded growth as price inflation eases
Arla Foods UK said it returned to “strong” branded growth in the second half of 2023 as the commodities-driven inflation of 2022 eased
-
News
City snapshot: Artisanal Spirits Company on track as membership soars
Scottish whisky business Artisanal Spirits Company has reported its revenues for 2023 to be at the top end of its expectations as membership numbers increased significantly
-
News
This preps crowdfunding campaign ahead of move to profitability
This is returning to the crowd for the final time ahead of a major funding round planned for later this year as it seeks to continuing supercharging growth and move into profitability
-
News
The Jolly Hog hails ‘record year’ as sausages sales outstrip rivals
The Bristol-based brand racked up £7.7m of retail sausage sales (including chicken) last year
-
News
City snapshot: Kerry Group sales fall after ‘challenging’ 2023
Irish dairy and nutrition producer Kerry Group has posted an 8.6% drop in sales as disposals and challenging conditions for its dairy business hit headline revenues
-
News
Kraft Heinz net sales slow in fourth quarter as sales volumes drop
Kraft Heinz saw net sales decline in the final quarter of the year as a drop in sales volumes outstripped price rises in the period
-
News
Coca-Cola boosted by high prices but volumes come under pressure
Coca-Cola has beaten market expectations as higher prices continued to help the drinks giant to boost revenues. However, volumes declined in its domestic North American market in 2023
-
News
City snapshot: Food prices fall for first time in more than two years
Food prices have fallen for the first time in more than two years as inflation in the sector continued to ease. Plus, full-year results from Heineken and Coca-Cola HBC