more results news & analysis – Page 116
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Kellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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Lincolnshire Co-op reports record sales of £312m
The retailer said more chilled food and food-to-go products plus its store refurbishment programme had boosted results
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Improvements to HKS Retail food to go boosts sales 17%
The forecourt operator’s turnover rose to £120.9m for the year ending 31 May 2017…
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City snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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Connect Group to cut 340 jobs in face of falling sales
The cuts represent 6% of the firm’s 5,666-strong workforce, with the layoffs coming across its combined business in 2018
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City News: AB InBev merger synergies compensate for underperformance
The world’s biggest brewer AB InBev produced mixed third quarter results on Thursday…
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AB InBev reports 'continued double-digit top-line growth' in UK
The brewer’s EBITDA grew 13.8%, driven by revenue growth and “continued synergy capture” in Q3…
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Florette launches resealable beetroot pouch
The 300g ready-to-eat fridge pack of peeled and steamed beetroot went on sale in Sainsbury’s last week…
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MPK Garages plans acquisitions despite transaction cost hit
Turnover for the year to 28 February was up 11% to £64m
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City snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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New profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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P&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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Reckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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Quorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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Harrods sales pass £2bn as tourists make most of weak pound
Harrods expects capital expenditure to continue to increase over the coming years
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AF Blakemore hails "good solid result" of 1.4% sales increase
The Spar wholesaler said it recorded sales of £1.3bn for the 53 weeks to 30 April
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Reckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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First Milk 'completes turnaround' as operating profit doubles
New business strategy, divesting loss-making subsidiaries, and improved operational performance helped turn fortunes around
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Burton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.
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Bakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m