Results
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City snapshot: Unilever misses Q2 sales targets but makes profitability progress
Unilever has missed growth expectations in its second quarter as prices softened and CEO Hein Schumacher continued with a turnaround plan. Plus, half-year results from Nestlé and British American Tobacco, a full-year trading update from Virgin Wines and a Q1 update from Tate & Lyle
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City snapshot: Lindt warns of further price hikes as cost of cocoa remains at record heights
Lindt & Sprüngli Group has achieved “robust” sales and profits growth in a “successful” first half of 2024, but the Swiss chocolatier warned of ongoing challenges caused by record high cocoa prices. Plus, trading update from Eagle Eye and Compass Group
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City snapshot: Premier Foods first quarter sales rise on branded volume growth
Premier Foods has posted a 5.3% rise in first quarter sales, boosted by volume growth and market share gains across its branded portfolio
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City snapshot: Global shift to online grocery resumes as Ocado cuts losses
Online grocer Ocado has almost halved its first-half losses amid a double-digit increase in revenues as the ‘global channel shift to online has now resumed’
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City snapshot: Poundland like-for-like sales decline on supply chain issues
Poundland owner Pepco Group has posted a drop in like-for-like sales in its third quarter, amid a sharp drop in organic sales at Poundland
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City snapshot: SSP Group on track as reduced industrial action helps lift Q3 sales
The Upper Crust operator said in a trading update that it had started the second half of its financial year “well”, with positive momentum from the first six months continuing in Q3
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City snapshot: Sainsbury’s grocery growth dragged back by general merchandise weakness
Sainsbury’s has posted another quarter of “strong grocery memomemtum”, but its overall sales growth has slowed as general merchandise sales and Argos fell back
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City snapshot: Science in Sport grows margins after strategy reset
Sports nutrition player Science in Sport has reported improved performance in the first half of 2024 amid a strategic rethink and a senior team reshuffle
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City snapshot: Revenues plunge on Nigerian currency woes but PZ Cussons holds full-year profit guidance
PZ Cussons has maintained its profits guidance for the year despite the currency in its troubled Nigerian market tanking further since a third-quarter trading update in April
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City snapshot: Tesco continues to grow UK grocery market share and volumes
Tesco has announced another ‘strong’ quarterly performance ahead of its AGM today, with UK market share gains and strengthening volumes
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City snapshot: PayPoint profits rise on revenue growth
PayPoint has poisted a near 22% jump in underlying profits following strong revenue growth in its full financial year, helped by the acquisition of Love2shop
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City snapshot: Fever-Tree keeps on target as it gains market share
Fever-Tree has told investors it has continued to gain market share across key regions, ahead of its AGM later this morning
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City snapshot: B&M sales and profits rise on new store openings
B&M Bargains owner B&M Europan Value Retail saw an uplift in sales and profits last year, driven by volume growth and new store openings
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City snapshot: Profits tumble at Pets at Home despite sales growth
Profits have fallen at Pets at Home despite revenues growing at the petcare retailer, but the group still held its forecast for the new financial year
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City snapshot: ‘Robust’ year for Tate & Lyle as it completes transformation with $350m sale of Primient
Tate & Lyle has completed its transformation to become a growth-focused speciality food and beverage ingredients business with the sale of its remaining interest in Primient for $350m. Plus, full-year results from Tate & Lyle, a Q1 update from Bakkavor, Coca-Cola Europacific Partners appoints CFO and Gusbourne publishes annual results
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City snapshot: New beginnings for M&S as profits soar
Marks & Spencer has declared the start of a new era as its turnaround plan delivered bumper profits and sales growth. Plus, UK inflation falls to “normal” levels and losses widen at brewer Adnams
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City snapshot: Demand for chicken and pork boosts Cranswick
Meat processor Cranswick has hailed a year of “strong” financial progress as demand for chicken and pork recovered. Plus, the latest Kantar grocery market share data, first-half results for Greencore and SSP, and a trading update from Naked Wines
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City snapshot: Volumes rise at Hilton thanks to good Easter trading
Meat and fish processor Hilton Food Group has benefitted from a “strong” Easter in the UK and Ireland, pushing volumes and revenues higher in 2024
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Premier Foods hails volume growth return
Premier Foods has returned to volume growth and pricing stability, and is now mooting M&A to further boost its branded portfolio
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City snapshot: Premier Foods returns to volume growth after bumper year
Premier Foods has posted a double-digit rise in sales and profits as it gained market share and volumes returned to growth in its fourth quarter