more results news & analysis – Page 74
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G’s Group stays in red as Love Beets costs negate rising sales
UK fresh salad and veg giant G’s Group remained in the red last year as costs associated with taking control of its US Love Beets business negated rising sales.
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City snapshot: US growth drives Compass Group’s first quarter sales
Catering giant Compass Group has posted a rise in first quarter revenues, driven by strong performance in North American and new business wins. Plus, trading updates from Tate & Lyle and Stock Spirits, while AB InBev’s leadership team shaken up.
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City snapshot: Imperial Brands issues profits warning on US e-cigarette crackdown
Imperial Brands has issued a stark profit warning ahead of its annual general meeting as increased regulation on new generation products and a US ban on flavoured cigarettes are expected to hit revenues and profits
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City snapshot: Grocery market records weak post-Christmas sales growth
The grocery sector experienced a sobering January as clean-living consumers cut back to constrain market growth to just 0.3% in the latest 12-week period.
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Time Wholesale Services reports sales boost after move to larger depot
Time is expecting to hit sales of £85m for the year to 31 January 2020
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City snapshot: Britvic reports ‘robust’ start of the year as sales surge
Britvic has reported a “robust start” of the year with first quarter revenues surging 4.9% to £369.8m
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City snapshot: Unilever confirms global tea review as annual profits fall
Unilever has confirmed it has initiated a strategic review of its global tea business, as it reported a 30%-plus slide in annual profits. Plus, Diageo posts a solid rise in first half sales, but warns on second half growth and all the rest of the latest news from the City.
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Wells & Co profits rise ahead of return to brewing
Wells & Co’s profits have jumped following a complete rebrand as it prepares to re-enter the brewing business.
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McDonald’s posts strongest revenues growth in a decade
Comparable sales at McDonald’s rose 5.9% last year as the US fast food giant continued to invest in technology and delivery
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Fatherson Bakery adds Valentine’s gifting lines as it targets 25% growth
Turnover increased by 8.3% in 2019 to ‘close on £5m’ said Fatherson co-owner Laurence Smith
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Yeo Valley profits fall after sale of milk business and restructure
Profits have fallen in Yeo Valley’s first trading period since the sale of its milk business to Arla as increased costs and restructuring have hit its bottom line.
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Eat returns to profitability as Veggie Pret transformation gets underway
Pret a Manger has pledged a transformation of as many Eat stores as possible into Veggie Prets
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Kennelpak profit falls amid one-off costs and rebrand
Private equity-owned wholesale petfood supplier and retailer Kennelpak has reported a drop in profits amid an Environment Agency fine for failing to meet recycling obligations
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City snapshot: Hotel Chocolat sales jump 14% on new openings
The UK premium chocolatier has reported double-digit sales rise in the first half, boosted by new openings in the UK, US and Japan
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Avara sales top £1bn but profitability hit by labour and integration costs
The poultry giant saw turnover rise to £1.14bn, according to its latest accounts, with pre-tax profits at £13.7m
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Scottish Spar operator CJ Lang hails strong Christmas sales
The business pointed out the results were particularly positive given it enjoyed a strong festive period the previous year
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City snapshot: SSP Group’s first quarter sales grow as it buys Germany’s Station Food
Travel food specialist SSP Group has had a “robust” start to its financial year and announced the acquisition of German travel catering business Station Food. Plus, Aldi raises pay for staff to maintain its position as the UK’s highest-paying supermarket and all the rest of the latest news from the City.
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FeverTree shares crash on profits warning
FeverTree Drinks has warned its annual performance is due to fall “below expectations” despite guiding for a near 10% sales increase.
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Avocado supply issues drive Greenyard Fresh to multimillion loss
Greenyard Fresh UK has sunk to a significant loss off the back of a drop in sales caused by “difficulties” with avocados and stone fruit.