Results – Page 111
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Analysis & Features
Crucial Christmas sales will tell us if Morrisons' recovery is real
The market seems slightly puzzled just what to make of Morrisons’ Q3 numbers yesterday.
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Analysis & Features
Few tears shed over Dairy Crest milk split
Today’s big announcement that Dairy Crest has agreed to offload its dairies operation to Müller prompted a rally in the processor’s share price today, trading 15% up on yesterday’s closing price.
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News
Tate & Lyle first half profits collapse by 40%
Tate & Lyle today laid bare the effects of its supply chain disruption and the increased sucralose market competition as its half-year pre-tax profit plunged by 40%.
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News
Morrisons 'encouraged' despite 6.3% fall in like-for-like sales
Morrisons chief executive Dalton Philips said he was encouraged by the retailer’s strategic progress despite recording a 6.3% fall in like-for-like sales in the third quarter
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News
M&S accelerating Simply Food openings as food sales rise 3.6%
M&S is accelerating its Simply Food store opening programme, adding an extra 50 stores to add to the 150 it outlined as part of a three-year plan to 2016 last year.
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Analysis & Features
Reasons for optimism over ABF's grocery performance despite sugar troubles
Associated British Foods’ earnings announcements have followed a similar pattern of late - Primark good, sugar bad.
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News
Booming Primark sales mask sugar woes at Associated British Foods
Associated British Foods recorded a 3% decline in reported annual revenues as a 16% boost to Primark’s sales was pegged back by continued weakness in its sugar division.
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Analysis & Features
M&A may be brewers' easiest route to growth
AB InBev’s third quarter figures came in well below expectations today – illustrating the mounting challenge for global fmcg companies to sustain growth.
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News
AB InBev hit by slowdowns in US, Russia and China
Global brewing group AB InBev posted below expectation growth this morning, with third quarter revenue rising by 2.3% as overall beer volumes fell thanks to a slowdown in US and China.
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Analysis & Features
Alcohol sales: Smirnoff now UK's fastest growing booze brand
Smirnoff has struck gold. Thanks to premium brand extensions featuring gold leaf and a move into frozen cocktails the vodka brand has become Britain’s fastest growing booze brand…
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News
Cook expanding following double-digit growth last year
Frozen ready meals producer and retailer Cook has embarked on an ambitious new expansion phase after posting double-digit sales growth last year.
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Analysis & Features
Change in the air for C&C Group whatever happens to Spirit bid
C&C Group caused a stir last week when news broke of its potentially transformative bid for Spirit Pub Company – its first half results this morning were a source of considerably less excitement.
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News
C&C Group’s profits hit by slowdown in England and the US
Drinks manufacturer C&C Group reported a 2.7% fall in first half operating profit as warned of “intensively competitive trading” in England and Wales and a “disappointing” performance in the US.
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Analysis & Features
Gloomy predications for European tobacco market
Profits are set to plunge in the European Tobacco Industry as cigarette-makers struggle against the long-term decline in sales volumes.
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News
Booths sales and profits in growth as it targets expansion
Booths has overcome food deflation and tough promoting in the market to post sales and profit growth.
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Analysis & Features
City news: sheer scale of Tesco's problems sends shares plummeting
Everyone knew Tesco’s day of reckoning would be bad, but the sheer scale of the problems afflicting the UK’s biggest super…
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News
Britvic blames poor summer weather for Q4 sales drop
Poor summer weather squeezed performance of Britvic soft drinks in European markets in the fourth quarter, the company has reported in a trading update.
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News
Unilever's third quarter revenues hit by currency headwinds
Unilever has reported third quarter underlying sales growth of 2.1%, but foods remained the group’s worst performing category.
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News
Premier Foods dampens profit expectations as Q3 sales fall 4.7%
Premier Foods has reported a 4.7% drop in third quarter underlying sales and said its full year profit will be at the lower end of expectations.
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News
Tesco results: what the analysts say
We round up reaction to Tesco’s interim results and the findings of its accountancy investigation.