more results news & analysis – Page 107
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Sports nutrition drives 4.8% first quarter growth for Glanbia
Global nutrition group Glanbia has reported 4.8% revenue growth in the first quarter of 2018 at constant currency with a solid performance from its nutrition interests, US cheeses and its joint ventures.
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Coca-Cola Co buoyed by Zero Sugar's double digit growth in first quarter
Increasing sales of healthier soft drinks buoyed Coca-Cola in the first quarter, as it recorded volume growth of 3%.
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Reckitt Benckiser tumbles on weak first quarter growth
Household goods giant Reckitt Benckiser (RB) fell sharply as modest first quarter sales growth failed to meet analysts’ estimates.
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Planet Organic remains in the red despite 9% sales growth
Upmarket London grocer Planet Organic boasted 9% sales growth in its most recent financial year, but the chain remained loss-making as it continued to invest in growth.
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Brakes sales rise on Sysco takeover but ebit profits fall 30%
Profits were down 30% pro rata as the business comes under pressure from rising costs and multiple changes in its leadership
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Bestway wholesale recovery marred by poor health of Well
Well Pharmacy profits slumped due to less NHS funding and higher wages
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City snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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P&G quarterly sales up 1% as it seals $4.2bn Merck consumer health acqusition
Sales at US household goods manufacturer Proctor and Gamble (PG) have grown 1% year-on-year in the third quarter, as it announced the $4.2bn purchase of Merck’s consumer health arm
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City snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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Heineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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Annual sales jump 8% at Tiptree maker Wilkin & Sons amid factory investment
Sales at Wilkin & Sons Limited, the maker of Tiptree jams and marmalades, jumped up 8% in 2017, with new product launches pushing top-line growth.
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City snapshot: Danone delivers strong start to year with 4.9% growth
Danone has reported a strong start to the year with a 4.9% increase in like-for-like sales growth in the first quarter. Plus, Rémy Cointreau reveals full-year organic sales growth of 7.2%, Heineken beer volumes up 4.3% in the first quarter and all the rest of the latest news from the City.
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Credit Suisse downgrades consumer giants over stagnant sales prospects
Broker Credit Suisse has downgraded global fmcg giants Reckitt Benckiser and Kraft Heinz amid concerns a lack of product innovation and foreseeable sales growth will eat into earnings.
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Majestic Wine warns of earnings hit as it looks to lure new customers
Majestic Wine plans to plough up to £12m into attracting new customers
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EU sugar quota abolition hits profits at Associated British Foods
Associated British Foods’ sugar arm suffered a first half slump in sales and profits as sugar prices were hit by the abolition of EU quotas.
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City snapshot: First half pre-tax profits dive 30% at ABF
Associated British Foods has announced pre-tax profit down 30% to £603m on group revenue up 2% to £7.4bn in the 24 weeks to 3 March as profits dived in its sugar division. Plus, Majestic Wine plans to accelerate growth “by materially increasing investment in new customer acquisition” in 2019, a new CFO for Tate & Lyle and all the latest news from the City.
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Carr's Group first half pre-tax profits jump 22%
Carr’s Group has reported a 22% increase in adjusted interim pre-tax profit from £9m to £10.9m on revenue up 13.2% from £176.8m to £200.1m.
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Bestway annual profits up 8.5% ahead of Bargain Booze swoop
New Bargain Booze and Wine Rack owner Bestway has posted an 8.5% increase in pre-tax profit from £413.3m to £448.4m in the year ended 30 June 2017.
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Potato storage problems eat into UK profits at McCain Foods
Frozen potato market leader McCain Foods GB grew sales by 3.1% in the year to 30 June 2017
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Ella's Kitchen soaring sales offset by currency and cost woes
The company’s most recently filed accounts for the year to 30 June 2017 show a 15.5% rise in sales to £65.7m