latest – Page 91
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NewsCompass Group annual profits rise 7% despite UK margin pressures
Food service giant Compass Group reported a 5.5% jump in full year organic sales to £23.2bn.
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NewsNational Lottery ticket sales leap by 5.4% this year
Sales across the National Lottery’s range of scratchcards and online instant win games also rose by £136m
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NewsAsda reports sixth quarter of like-for-like sales growth
Asda said it had benefited from a 13.8% growth in online grocery sales in the quarter
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NewsDevro warns on volume growth over Russia slowdown
Sausage skin supplier Devro has warned that weaker than expected sales in Russia will result in lower than expected full year sales volumes as it begins the search for a new chairman.
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NewsGavin Darby announces Premier Foods departure as it seeks Ambrosia sale
Premier Foods’ CEO Gavin Darby has announced he is to step down in January, while it has also said it is in talks to sell its Ambrosia brand
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NewsKellogg's UK sales drop £50m as Pringles decline continues
Kellogg’s recorded a £50m plunge in UK sales in its most recent financial year as its Pringles lost sales to add to the structural decline of its cereals.
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NewsCity snapshot: Sainsbury’s posts first half underlying profit growth as second quarter sales improve
Sainsbury’s grew underlying profits by 20% in the 28 weeks to 22 September 2018 and recorded improved second quarter sales driven by the warm summer. Plus all the rest of the latest news from the City.
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NewsM&S warns 'further significant change is still needed'
Like-for-like food sales sunk 2.9% in the six months ended 29 September 2018
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NewsCity snapshot: Marks & Spencer warns 'change needed' as sales continue to slide
Marks & Spencer has warned that “further significant change is needed”, as it reported a decline in food and clothing sales. Plus all the rest of the latest news from the City.
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NewsCity Snapshot: Morrisons third quarter like-for-like sales rise 5.6% but retail growth slows
On a busy morning, wholesale growth boosts Morrisons’ third quarter sales but core retail sales slow, UK retail sales edge up by just 0.1% in October, ABF posts profit growth despite sugar woes, Greene King CEO steps down and P&H collapse hits profits at Imperial Brands.
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NewsCity snapshot: Just Eat warns investments will hit full year profits
Takeaway delivery marketplace Just Eat has posted a 41% jump in third quarter revenues, but warned its investments back into the business mean full years profits will be at the lower end of expectations. Plus trading updates from Hilton Food Group and Glanbia, Applegreen completes Welcome Break takeover and all the rest of the latest news from the City.
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NewsBaby milk factory disruption hits third quarter sales at Reckitt Benckiser
”FTSE 100 consumer goods giant Reckitt Benckiser saw a 2% drop in headline revenues in the third quarter as weak sales in infant nutrition and the impact of currencies hit its top-line results.
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NewsTetley owner Tata hit by decline in UK black tea sales
The ongoing decline in black tea sales hit UK revenues and profits at Tetley Tea owner Tata Global Beverages.
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NewsFresca Group sales dive 7% after Sainsbury's contract loss
Sales slid after the loss of the Sainsbury’s supply deal which was phased out in 2017
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NewsCity snapshot: Global brands drive 4.5% third quarter growth at AB InBev
The world’s largest brewer AB InBev grew revenues by 4.5% in the third quarter driven by strong growth in its global beer brands. Plus, C&C Group reports tripling of first half sales and Kerry Group makes two acquisitions
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NewsHot weather in Europe drives Heineken third quarter sales growth
Heineken benefitted from the hot summer, as it posted 4.6% organic sales growth driven by the continued strong performance of its Heineken brand lager.
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NewsMcDonald's shares jump 6% after sales growth beats expectations
Shares rise at the US fast-food giant after it beat global sales expectations following menu price increases.
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NewsHeart of England Co-op reports 7% sales jump
The growth comes despite the society pointing to a tough trading environment
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NewsWhitbread posts 2.5% first half profit rise after Costa sale agreement
Whitbread recorded a modest rise in profits in the first half of the year, after agreeing to sell the Costa coffee chain to Coca-Cola.
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NewsHome Bargains reports second year of double-digit growth
Accounts for the full year to 30 June 2018 reveal sales rose 14.6% to £2.1bn