more results news & analysis – Page 111
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City snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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Eat operating loss driven up by increased investment levels
Like-for-like sales for the year to June were up 4.9%
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Profits at Pukka Pies plunge 45% despite rising sales
A hike in the cost of raw materials ate into the Leicestershire-based pie-maker’s margins
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Nestlé reports slowest growth this century
Consumers have continued to shun mainstream packaged food in favour of cheaper own-label or healthier snacks
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PepsiCo organic sales up 2.3% but earnings hit by new US tax law
PepsiCo has reported organic revenues growth of 2.3% for both its fourth quarter and full-year 2017, but earnings were hit by a one-off $2.5bn charge relating to new US tax rules.
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City Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.
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Struggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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Ocado share price takes hit as profits stall
Ocado’s share price surge came to a halt on Tuesday after it revealed its annual profits had fallen back into the red
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Weetabix sales slip under new owner
Weetabix sales fell 1.2% in the final three months of 2017, according to quarterly earnings reported by Post Holdings
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Quorn sales hit record levels as meat-free demand soars
Soaring demand for a meat-free diet has fuelled a 16% jump in sales at Quorn in 2017 to a record £205m. The business said the rise in vegan and flexitarian lifestyles helped drive the global growth.
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City snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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CJ Lang & Son sees turnover fall with cigarette sales
National living wage increases forced the Spar wholesaler to make cost reductions throughout the business
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Unilever navigates 'challenging' conditions to boost top and bottom lines
Consumer goods giant Unilever has increased full-year sales and profits despite operating in “challenging” market conditions in 2017.
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Heart of England Co-op reports solid Christmas trading
The Co-op at Long Lawford enjoyed a 95% surge after it spent £1.3m on a rebrand and rebuild
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Conviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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City snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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Young's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.
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Fever Tree and Diageo shares benefit from G&T boom
Two complementary drinks businesses at either end of the growth curve updated the market this week
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Kitwave reports record growth thanks to refinancing deal
Kitwave’s EBITDA has increased nearly 100% over the past four years…