latest – Page 79
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NewsMcBride profits drop 23% amid ‘difficult trading conditions’
Private label household goods manufacturer McBride has posted a 23% drop in full year adjusted operating profits as performance fell short of its ambitions amid “difficult trading conditions”.
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News‘Short-term challenges’ force Tyson to cut earnings forecast
US meatpacking giant Tyson Foods has cut its 2019 earnings guidance due to “short-term challenges” it said were negatively affecting fourth-quarter earnings.
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NewsJW Filshill posts 7% sales boost despite Brexit concerns
In June, Filshill announced plans to move to a new larger headquarters near Glasgow Airport
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NewsKraft Heinz UK sales climb by almost 5%
Increased consumption was supported by the launches of Bull’s-Eye barbecue sauce and low-sugar Tomato Ketchup.
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NewsAF Blakemore reports ‘tremendous’ year as profits rocket
The wholesaler had made major investments in the period, upgrading and buying new stores, improving logistics and developing IT systems
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NewsArla Foods posts strong sales but warns of Brexit concerns
Dairy giant Arla Foods hailed “strong” sales growth in the first half of 2019, but warned the impact of a hard Brexit could hit performance in the second half.
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsCity snapshot: WH Smith travel business delivers ‘strong’ performance
WH Smith (SMWH) has reported its travel business continues to perform ’strongly’ across all its channels. Plus, food inflation eases and all the rest of the latest news from the City.
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NewsSupreme Imports eyes standalone flotation for 88 Vape
MD Sandy Chadha told The Grocer it was mulling a pureplay float of its vaping business
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NewsCity snapshot: Supreme Imports considers standalone vaping float
Supreme Imports is considering floating its 88 Vape brand as a standalone business after returning to profit growth
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NewsAround Noon reports soaring sales of its Fruit Pots
The number of fruit pot units sold by Around Noon had increased more than 110% since 2017
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NewsFruitapeel profits shrink as Puratos invests in long-term growth
Fruit and confectionery sauce maker Fruitapeel saw sales and profits contract in its first financial period under the ownership of Belgian confectionery group Puratos, as it invested in longer-term post-acquisition growth.
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NewsYoung’s posts £10m loss but sales and underlying profits up
Young’s Seafood posted a further £10m pre-tax loss in its financial year before being acquired by CapVest, but sales and underlying profits improved as turnaround progress continued.
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NewsBlue Skies looks to mitigate no-deal Brexit with longer-life NPD
The brand is developing longer-life products to avoid being hit by possible border delays
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NewsCrediton Dairy ‘on course’ to become market leader after latest results
The firm posted steady growth in turnover and profits which were ’in line’ with expectations
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NewsConsumer confidence ‘at six-year low’ due to Brexit, warns Asda’s Burnley
Walmart reported 0.5% like-for-like sales growth for Asda, excluding petrol, for the period 1 April to 30 June 2019
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NewsFinlays annual profits jump on eight-figure assets sale gain
Coffee and tea supplier Finlays saw double-digit profits rise last year as it gained from the sale of non-core assets
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NewsCity snapshot: Carlsberg ups guidance on ‘strong’ first half growth
Danish brewing giant Carlsberg has upgraded its full year earnings expectations after strong revenue growth and margin improvement in the first half of the year.
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NewsCofresh posts double-digit sales growth amid factory investment
Indian snacks producer Cofresh experienced “good growth” in all markets last year, with double-digit increases in both sales and profits.
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NewsCity snapshot: Adnams beer volumes beat market but losses rise
Adnams has reported beer volumes ahead of the market for the first six months of the year, but losses rose on increased costs and falling value sales. Plus all the rest of the latest news from the City.