latest – Page 80
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NewsKraft Heinz woes continue as it reports ‘unacceptable’ interim results
The packaged food giant reported pre-tax profits of $1.17bn, down 50% year-on-year
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NewsCity snapshot: CCEP shrugs off poor weather to post first half growth
Coca-Cola European Partners has posted a “good” rise in first half sales volumes, revenues and profits despite poor weather in the second quarter of the year. Plus, first half trading updates from Coca-Cola European Partners, Kerry Group and all the rest of the latest news from the City.
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NewsAston Manor profits plunge despite sales increase as exceptional costs hit
Profits have tumbled at cider producer Aston Manor despite sales rising 5% in the first year of ownership under French co-operative Agrial as one-off costs hit the bottom line.
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NewsStrong Aperol sales boost Campari interim results
Campari’s sales jumped 9% in the first half of the year driven by the soaring popularity of Aperol across Europe
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NewsCity snapshot: BAT first half sales up 4.6% on pricing and tobacco alternatives growth
British American Tobacco has grown first half revenues by 4.6% to £12.2bn as growth in pricing and new categories mitigated a continued decline in sales volumes. Plus, all the rest of the latest news from the City.
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NewsProduce World profits rise amid divestments and focus on potatoes and roots
The fresh produce grower was able to increase profitability by divesting surplus assets and refocusing on potatoes and roots
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NewsYo to roll out Japanese food kiosks in Tesco stores after trial
Tesco tested the kiosks in two Extra hypermarkets in Bournemouth and Sunbury-on-Thames last October
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NewsCity snapshot: Just Eat profits plunge as investment hits bottom line
Just Eat has experienced an almost complete wipe out of its first half pre-tax profits as it increased investment ahead of a multi-billion pound merger with Dutch contemporary Takeaway.com. Plus, UK consumer confidence steadies in July, trading updates from Glanbia and Devro and all the rest of the latest news from the City.
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NewsCity snapshot: Greggs profits soar on stellar first half sales growth
Greggs first half profits surge on strong sales growth, Reckitt Benckiser’s first half growth sags to just 1%, Greencore third quarter sales fall in “challenging” period and all the rest of the latest news from the City.
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NewsIPO attempt costs drive £1.75m Lakes Distillery loss
British spirits brand The Lakes Distillery fell to a £1.75m loss last year as it counted the cost of an attempt to list on the London Stock Exchange.
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NewsMcDonald’s enjoys strong second quarter performance as global sales rise
The fast food giant reported “strong results” as global comparable sales continued rising in the three months to June
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NewsAmazon will soon be ‘unstoppable force’ in grocery
Revenue rose 20% to $63.4bn for the second quarter following the expansion of one-day Prime delivery in the US
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NewsFocus on trends and innovation pushes BD Foods sales up
BD Foods saw pro-rata sales up 32% as it focused “heavily” on innovation and food trends
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NewsUnilever plays down talk of more disposals despite weak food performance
The company this week posted underlying sales growth below analyst expectations
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NewsMcColl’s posts sales uplift at Morrisons Daily trial stores
CEO Jonathan Miller told The Grocer it was “very pleased” with the performance of the Morrisons Daily stores
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NewsCity snapshot: US recovery helps Nestlé post 3.6% first half organic growth
Nestlé has reported strong organic growth of 3.6% in the first half of the year led by overall volume growth and an improvement in US trading. Plus, Casino ups debt reduction target, Mothercare margins hit by UK retail weakness and all the rest of the latest news from the City.
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NewsHyperama profit drop blamed on rising operating costs
Wholesaler cited concerns over the national living wage and auto-enrolment pensions
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NewsWeaker ice cream sales hit Unilever’s first half growth
Unilever has posted first half underling sales growth of 3.3%, at the lower end of its 3%-5% guidance as performance was hit by weaker ice cream sales and Brazil’s trucker strike.
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NewsCity snapshot: B&M targets more than 40 new stores as Q1 sales surge
B&M European Value Retail is on track for a net 24 new B&M UK fascia stores in is full financial year and 15-20 Heron Foods. Plus, Britvic reports third quarter sales decline, PayPoint Q1s up 3.6%, second quarter volumes rise at Coca-Cola and all the rest of the latest news from the City.
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NewsFeverTree shares drop on slowing UK growth
FeverTree has warned that its rapid growth in the UK has slowed significantly amid the “dampening effect” of poor weather and strong comparables.