latest – Page 76
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NewsCity snapshot: AB InBev warns on profit growth after ‘challenging’ quarter
The world’s largest brewer said it experienced a “challenging” third quarter, with sales and profits lagging expectations due to declines in the US and China
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NewsCity snapshot: Heineken third quarter sales rise on Asia-Pacific strength
Heineken has reported a 2.3% organic increase in beer sold during the third quarter driven by double-digit growth in Asia-Pacific. Plus, Carrefour Q3 like for like sales up 2.3% despite French weakness and all the rest of the latest news from the City.
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NewsP&G raises outlook after first quarter sales boost
Procter & Gamble first quarter sales were boosted by higher demand for its healthcare and beauty products
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NewsCity snapshot: Reckitt cuts full year forecast after ‘disappointing’ third quarter
Reckitt Benckiser has cut its full year growth expectations after issues in China and the US led to a “disappointing” third quarter. Plus, Devro shuts Scottish factory, new CFO for Ahold Delhaize, trading update from McBride and all the rest of the latest news from the City.
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NewsJust Eat shares fall despite 25% third quarter sales increase
Investors have been unimpressed despite double-digit increases in orders through Just Eat
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NewsMedina Dairy plunges into the red amid dairy market turbulence
New accounts by the processor come in the same week as fellow Sainsbury’s milk supplier Tomlinsons collapsed into administration
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NewsWalkers sales and margins hit amid intense competition
The sales and profits of UK’s biggest crisps brands Walkers were hit last year by consumers shifting away from its core range and a poor potato harvest increasing costs.
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NewsMars Wrigley Confectionery sales pass £1bn as it benefits from category growth
The confectionery giant posted revenue growth of 31.9% on its 2017 accounts to pass £1bn for the first time…
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NewsCity snapshot: Danone lowers growth forecast despite third quarter sales uplift
French food giant Danone has lowered its 2019 like-for-like sales guidance despite reporting revenues growth in its third quarter. Plus, Remy Cointreau announces lower first half sales and all the rest of the latest news from the City.
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NewsPret a Manger set aside £10m for food allergy scandal costs, accounts reveal
Pret a Manger set aside almost £10m to cover legal costs after it became embroiled in a major food allergy scandal, newly filed accounts have revealed.
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NewsSeabrook Crisps sales boosted by own-label wins in first year under Calbee
Sales and profits at Seabrook Crisps jumped during its first year under Japanese snacking giant Calbee.
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NewsCity snapshot: Unilever’s sales growth slows on US and European weakness
Unilever’s underlying sales growth slowed to 2.9% in the third quarter as low growth in Europe and North America dragged back stronger sales in emerging markets. Plus, on a busy day, WH Smith announces $400m US acquisition, Nestlé launches CHF20bn buyback, Pernod Ricard posts muted first quarter growth and all the rest of the latest news from the City.
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NewsHome Bargains outperforming B&M as revenues rise 15%
Home Bargains saw revenues grow by 15% compared with B&M’s UK revenue growth of 8.7%
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NewsUnited Wholesale Grocers grows turnover by a fifth
Results were boosted by the acquisition of the former Blakemore depot in Gateshead
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NewsUnited Biscuits’ sales slide amid competition and promotions
United Biscuits sales fell 5.4% last year as consumers turned away from branded favourites.
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NewsP&H collapse and supply issues led to £17m loss for Costcutter
However CEO Darcy Willson-Rymer said he was ‘optimistic about 2020’
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NewsWalkers Shortbread boss warns of challenges from US tariffs and Brexit
Brexit and the potential imposition of US tariffs on British goods were making business ‘very challenging’, said Jim Walker
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NewsJohn West sales down but profit hike reflects margin improvements
The decline was partly driven by a drop in the total canned fish market
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NewsPepco annual sales jump on Poundland acquisition and store estate growth
Pepco’s sales were boosted by the addition of Poundland’s 775 stores to its estate
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NewsLindt UK sales continue to rise on Lindor craze
Soaring sales of Lindor chocolates have boosted Lindt UK’s performance in 2018