latest – Page 85
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NewsWelsh wholesaler Castell Howell ups driver wages by 24% to fight shortage
It has also increased pay to workers in its six depots by 8% this year
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NewsConfex reports sales jump of 30% since the start of the year
The group has recruited eight new members this year, taking its membership to 219 wholesalers
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NewsCity Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.
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NewsOatly sales soar in Q2 on plant-based demand but losses widen
Oatly Group has revealed a more than 50% jump in revenues for the second quarter on the back of “growing global demand” for its range of oat-based products.
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NewsMcColl’s raises £35m to accelerate Morrisons Daily conversions
The convenience retailer said today it is aiming to have converted 350 stores to Morrisons Daily by November 2022
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NewsCotteswold Dairy sees strong growth on back of lockdown jump in demand
The doorstep milk delivery specialist saw profits grow by almost 48% last year, latest accounts have shown
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NewsCity Snapshot: Deliveroo beats expectations as lockdown takeaway habits prove resilient
Deliveroo has grown ahead of expectations in 2021 as demand for the delivery service proved resilient even with Covid restrictions easing. Plus, the takeover battle for pharma company Vectura will not head into an auction after US PE suitor Carlyle refused to put in a higher bid.
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NewsUnited Biscuits gets boost in pandemic
Newly filed UK accounts for the year to 31 December show the Pladis-owned biscuits giant grew sales by 4.1% to £867.5m
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NewsNomad Foods sales slow down as Covid crisis passes
Sales have dipped at Nomad Foods as the frozen food specialist dealt with lower consumer demand as Covid restrictions eased and also came up against comparisons with the peak stockpiling period at the start of the outbreak in 2020.
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NewsCity snapshot: Beiersdorf bounces back to pre-Covid levels and skincare demand returns
Nivea owner Beiersdorf has bounced back to pre-Covid levels of sales and skincare demand rebounded in the first half of the year
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NewsPilgrims Choice owner Ornua Foods UK posts ‘strong’ pandemic results
The UK arm of Irish dairy co-op Ornua saw sales grow by £57m, with pre-tax profits growing by £1.1m
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NewsCity snapshot: Greggs to create 500 jobs as first half sales and profits rebound
Greggs has bounced back to first half profitability as sales recovered due to the relaxation of coronavirus restrictions
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NewsCity Snapshot: Heineken recovers from Covid crisis but warns of rising costs
Profits have more than doubled at Heineken as sales at the Dutch brewer recovered as pubs and bars reopened following extended global lockdowns. Plus, global agriculture group Camellia has acquired an 80% stake in apple grower Bardsley England, and Domino’s Pizza Group non-exec steps down.
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NewsCity News: Reckitt Benckiser shares tumble as it warns of mounting cost pressures
Reckitt Benckiser was the latest consumer goods giant to warn of the pressures of mounting costs this week as its share price tumbled on inflationary concerns
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NewsZero-based budgeting helps LRS deliver improved profits
The soft drinks supplier’s sales fell 9.5% in the year to 31 December 2020
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NewsCity snapshot: Kerry Group sales and profits rise as foodservice rebounds
Kerry Group has reported a strong rise in revenues and profits in the first half of its financial year as it continues to shake-up its portfolio
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NewsHyperama profits double after new software systems installed
Hyperama has invested £350k in the last 12 months on the implementation of three key software systems
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NewsKitwave targeting next acquisition in early 2022
This week the wholesaler posted its inaugural results as a listed company.
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NewsCity snapshot: Nestlé raises growth expectations after coffee drives first half sales increase
The world’s largest food group Nestlé has raised its full year growth forecast after posted organic growth of 8.1% in the first half as booming coffee sales drove strong growth. Plus updates from AB InBev, Danone, Diageo, Compass Group, Pets at Home and more.
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NewsMorrisons’ largest investor Silchester publicly rebukes £6.3bn Fortress offer
Silchester International Investors, which holds a 15.1% holding in Morrisons, said in a statement that it was “not inclined” to support the existing offer from Fortress.