latest – Page 70
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NewsSales rise at Oscar Mayer but profits hit by escalating costs
UK Ready meals supplier Oscar Mayer grew sales by 5.7% last year to £320m but profits were hit by escalating input costs.
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NewsPepsiCo’s annual sales rise on strong European performance
For 2020 the business expects revenues to rise 4%
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NewsNestlé targets improved 2020 sales growth
Nestlé has forecast an improvement in sales growth over the coming years after posting a solid increase in revenues and profits in 2019.
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NewsCity snapshot: Heineken CEO to step down as it posts 5.6% annual sales growth
Heineken has announced its CEO is to step down as it posted a year of solid revenue growth as sales volumes and prices both rose. Plus, Ahold Delhaize earnings rise on sales growth and all the rest of the latest news from the City.
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NewsTulip reports £81m losses in last year of Danish Crown ownership
However, operating losses narrowed at the pork giant, which was now delivering ‘weekly profit’
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NewsOcado results reveal legal fees of £1.3m and M&S range growth plans
The total cost of the litigation action is likely to increase as the court battle rolls on, with Faiman denying allegations and counter-suing the company
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NewsCity snapshot: Ocado slumps to £215m loss as Andover fire hits profits
Ocadoreports strong results despite the impact of a fire at its Andover CFC last year, M&S snaps up Greencore CFO and Cranswick buys leading UK pig farm
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NewsTrewithen Dairy owner Cornish Farm's sales surge by more than a third
Cornish Farm Dairy has seen sales boosted 34.6% due in part to two major ‘long-term’ retail milk contracts
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NewsCity snapshot: UK snacking acquisitions boost growth for Lotus Bakeries
Bear, Nakd and Kiddylicious owner Lotus Bakeries grew its annual revenues and profits last year, boosted by the international rollout of its Biscoff brand and the strong performance of natural snacking.
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NewsArmitage Pet Care sales surge past £55m
Fast growing producer of Good Boy dog treats Armitage Pet Care saw annual sales surge past £55m, though profits fell as it invested in growth.
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NewsImperial Brands greets new CEO with profits warning
Stefan Bomhard has work ahead as Imperial grapples with its attempts to shift towards tobacco alternatives…
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NewsG’s Group stays in red as Love Beets costs negate rising sales
UK fresh salad and veg giant G’s Group remained in the red last year as costs associated with taking control of its US Love Beets business negated rising sales.
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NewsCity snapshot: US growth drives Compass Group’s first quarter sales
Catering giant Compass Group has posted a rise in first quarter revenues, driven by strong performance in North American and new business wins. Plus, trading updates from Tate & Lyle and Stock Spirits, while AB InBev’s leadership team shaken up.
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NewsCity snapshot: Imperial Brands issues profits warning on US e-cigarette crackdown
Imperial Brands has issued a stark profit warning ahead of its annual general meeting as increased regulation on new generation products and a US ban on flavoured cigarettes are expected to hit revenues and profits
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NewsCity snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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NewsTime Wholesale Services reports sales boost after move to larger depot
Time is expecting to hit sales of £85m for the year to 31 January 2020
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NewsCity snapshot: Britvic reports ‘robust’ start of the year as sales surge
Britvic has reported a “robust start” of the year with first quarter revenues surging 4.9% to £369.8m
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NewsCity snapshot: Unilever confirms global tea review as annual profits fall
Unilever has confirmed it has initiated a strategic review of its global tea business, as it reported a 30%-plus slide in annual profits. Plus, Diageo posts a solid rise in first half sales, but warns on second half growth and all the rest of the latest news from the City.
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NewsWells & Co profits rise ahead of return to brewing
Wells & Co’s profits have jumped following a complete rebrand as it prepares to re-enter the brewing business.