latest – Page 93
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NewsHovis to cut 100 jobs after posting £11m losses
The baker has sold its Manchester and Selby mills, and will close its Southampton mill at the end of the year
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NewsCity snapshot: Aldi UK and Ireland sales top £10bn as it pledges 130 new store openings
The UK and Irish arm of German discounter Aldi grew annual sales by 16.4% last year to £10.2bn and has pledged to open a further 130 stores over the next two years
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NewsKarro plans "significant M&A" after CapVest takeover
“Significant M&A” is planned at Karro Foods after the pork processor was bought by CapVest last year.
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Müller losses deepen on back of Dairy Crest dairies takeover
Müller’s UK and Ireland business fell further into the red as costs from its Dairy Crest dairies acquisition in 2015 continued to eat into profits.
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NewsOC&C report reveals highest supplier growth since 2009
Profit margins among the Top 150 are suffering amid escalating input and labour costs
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NewsWhole Foods Market UK slumps to £8.6m loss following store closures
Whole Foods Market UK slumps to £8.6m loss after store closures
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NewsCarlsberg back in growth as turnaround plan starts to pay off
Carlsberg has ploughed millions into rebranding
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NewsSales dive 12.5% at Laila's Fine Foods after major contract loss
The manufacturer of frozen and chilled meals had a “disappointing” year, its directors said, as margins also decreased
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NewsRising costs hit St Austell Brewery profits despite 'record' sales increase
Sales surged, but operating profits drooped amid “challenging” market conditions
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NewsCity snapshot: SSP Group shrugs off weak rail sector to post full-year growth
Travel food to go specialist SSP Group (SSPG) expects to post full-year like-for-like growth of between 2%-3% after a solid fourth quarter
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NewsSales and profits surge at Hotel Chocolat
Sales and pre-tax profits both surged at Hotel Chocolat last year as new store openings and international ventures offset cost increases.
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NewsCommodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.
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NewsEmerging markets volatility to hit Diageo’s profits
Weakness across a basket of emerging markets currencies is expected to reduce Diageo’s 2019 sales and profits, CEO Ivan Menezes has announced this morning.
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NewsOcado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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NewsGrain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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NewsCity snapshot: Cathedral City and Clover drive first half sales growth at Dairy Crest
Cathedral City manufacturer Dairy Crest expects a rise in profits and sales for the first half of 2018, driven by its cheese and spreads, Finsbury Food Group pre-tax profit fall following Grain D’or closure, and all the rest of the latest news from the City.
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NewsCo-op food sales boosted by more competitive prices
Food retail like-for-like sales were up 4.4% in the first six months of the year
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NewsNespresso drives up Nestlé UK sales as petfood struggles
Nestlé posted a 3.6% rise in UK sales last year, with its Nespresso brand posting double-digit growth, but profits fell back as its key petfood division struggled.
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NewsInnocent Drinks sales boosted by international growth surge
The UK’s biggest smoothie maker Innocent Drinks has posted annual revenue growth of 22% as surging international sales boosted sales to almost £370m.
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NewsCity snapshot: Co-op Group first half sales up 10% as food and Nisa deal drive growth
The Co-op Group has this morning announced a 10% rise in first half sales to £5bn driven by strong like for like food sales growth and its acquisition of Nisa. Plus, Connect Group, the logistics company spun out of WH Smith, has announced a profit warning and all the rest of the latest news from the City.