latest – Page 74
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NewsStateside Foods reports third consecutive profit drop
Annual profits at own-label chilled pizza supplier Stateside Foods have dropped for the third consecutive year as it failed to fend off a “challenging” trading environment
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NewsCity snapshot: Ocado to open mini CFC in Bristol
Ocado announced it will open a mini-CFC in Bristol to support growth of its M&S JV Ocado Retail. Plus, half year results from Remy Cointreau and PayPoint and all the rest of the latest news from the City.
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NewsKitwave reports turnover and profits hike following ‘very positive year’
The north east-based operator completed the acquisition of Alpine Fine Foods earlier this month
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NewsCity snapshot: US Fruit Shoot retreat and France factory sales hit Britvic profits
Britvic’s annual profits have been hit by the closure of its Fruit Shoot multi-pack operation in the US and the sell-off of factories in France, despite posting solid results in its UK carbonates business. Plus, trading updates from British American Tobacco and Marston’s and all the rest of the latest news from the City.
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NewsRising prices and exports drives sales growth at Cranswick
Pork giant Cranswick has made a “positive start to the year”, with the first half sales up year-on-year amid strong performance in the domestic market and rising exports.
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NewsGreencore profits rise after ‘fundamental reset’
Convenience foods specialist Greencore has posted an improvement in underlying sales and profits after “fundamental reset” of the business following its exit from the US.
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NewsFever-Tree investors reassured despite UK slowdown
City darling Fever-Tree is unaccustomed to missing market expectations, but last week it was forced to release a profits warning as its UK growth came to a shuddering halt.
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NewsCake Box revenues soar 6% on new openings and higher demand
Cake Box Holding, the specialist retailer of fresh cream cakes, saw revenues rise 6% in the first six months of the year on the back of new store openings and increased demand
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NewsCaterforce announces plans to increase turnover by 12% by 2021
The group is forecasting revenue of £537m for 2019, up from £524m the previous year
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NewsCity Snapshot: Science in Sport raises annual sales forecast as PhD growth doubles
Premium performance nutrition company Science in Sport has hailed 2019 as a year of “rapid progress”, as it expects revenue growth to be “slightly ahead” of market expectations
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NewsNaked founder Rowan Gormley to step down as losses mount
The founder of Naked Wines shocked the City on Thursday by stepping down, as the online retailer’s losses continue to mount
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NewsDanish Crown sees profits surge as ASF tightens global pork market
The meat processor saw operating profits before special items grow by 21% during the 2018/19 financial year
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NewsCity snapshot: Rowan Gormley steps down as Naked’s losses mount
Naked Wines founder Rowan Gormley has announced his intention to retire from the company as the company posted a first half “broadly on track” as revenues grew and losses continued to mount.
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NewsCity snapshot: SSP Group posts double-digit profits growth despite continued global ‘headwinds’
Travel food specialist SSP Group has posted a double-digit rise in underlying operating profits, despite warning of the impact of a number of “external challenges” that will continue into next year. Plus, FeverTree’s UK growth slashed by off-trade slowdown as global sales increase, Finsbury Food Group’s trading momentum continues and all the rest of the latest news from the City.
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NewsGraham’s profits boosted by NPD as liquid milk sector struggles
Graham’s the Family Dairy has reported a ‘solid’ annual performance with profits rising nearly 70%
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NewsSymonds Retail turnover rises following acquisition by MFG
The business was snapped up by forecourt giant MFG in October for an undisclosed sum
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NewsTulip loses £24m in final year under Danish Crown ownership
Sales continued falling at the pork processor amid turbulent trading conditions
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NewsCity snapshot: Top UK restaurant groups sink deep into the red
The biggest 100 UK restaurant groups have seen profits drop in the past 12 months as they suffered from higher overheads and plunging sales
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NewsPremier Foods surges on evidence of sustained branded growth
Premier Foods shares jumped to a four-month high this week as its efforts to achieve sustainable growth appear to finally be paying off.
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NewsAsda blames Brexit nerves as Q3 sales fall 0.5% year on year
CEO Roger Burnley said the figures showed there was “no respite” from the impact of the political crisis on the grocery market