Results – Page 48
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NewsCarlsberg upgrades earnings forecast after strong first half
Carlsberg has upgraded its full-year earnings expectations after posting a 5.1% rise in organic net revenue in the first half of the year. Plus, Henkel has downgraded its full year earnings expectations as currencies hit its annual results and all the rest of the latest news from the City.
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NewsCoca-Cola European partners flattened by France and Spain despite levy boost
The soft drink levy provided a much-needed boost for CCEP despite being expected to stifle fizzy drink makers as sales dived elsewhere in Western Europe
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NewsNew owners bring cereal bar maker Halo Foods back in profit
The Harvest Cheweee maker completed a turnaround in 2017 to jump up to a £361k pre-tax profit from a £3.1m operating loss
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NewsCity snapshot: World Cup boosts first half sales at Coca-Cola HBC
European FTSE 100 coke bottler Coca-Cola HBC has reported a 6.4% first half jump in sales as the World Cup and warm weather boosted volumes in the second quarter. Plus, half year results from Irish groups Kerry Group and Glanbia and all the rest of the latest news from the City.
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NewsFirst half profits rise 8.6% at Stock Spirits Group
Premium spirit supplier Stock Spirit Group (STCK) saw profits jump 8.6% for the half-year, despite “challenges in its core markets”.
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NewsProfits tumble at Wrigley UK as chewing gum sales wane
Profits at Extra and Juicy Fruit chewing gum maker Wrigley tumbled by a third last year, as category sales continued to decline
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NewsKraft Heinz shares jump as condiments and sauces drive European growth
Kraft Heinz shares jumped 8% after booming sales outside of North America helped it record second quarter top-line growth.
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NewsHot weather helps AG Barr recover to 5% sales growth
Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.
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NewsCity snapshot: Hot weather hits first half trading at Greggs
Food to go bakery chain Greggs has reported a slowdown in first half like-for-like sales and a drop in profitability as hot UK weather and falling footfall hit performance. Plus, UK food to grow drives 8.1% pro forma third quarter sales rise at Greencore, first half sales up and profits down at Just Eat and all the rest of the latest news from the City.
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NewsHeineken cuts profit forecasts after Brazil expansion
Heineken, the world’s second largest brewer, has forecast a drop in profitability after expanding quicker than predicted in Brazil.
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NewsMedia Bites: Nestlé, Diageo and stockpiling food
Shares in Switzerland’s Nestlé rose yesterday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the world’s largest food and drinks group
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NewsDiageo sees 8% GB growth on back of gin and craft beer boom
Global net sales are up a more modest 0.9% to £12.2bn
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NewsCity snapshot: Nestlé reports first half organic growth of 2.8%
Swiss food giant Nestlé has reported it is on course to hit full year growth targets after reporting organic growth of 2.8% in the first half. Plus, on a hectic morning, AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing, Diageo announces 0.9% full year sales growth and new share buyback, updates from British American Tobacco and PayPoint and all the rest of the latest news from the City.
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NewsGSK announces £1.7bn cost savings but stops short of consumer healthcare demerger
SK’s consumer healthcare sales fell 1% to £1.8bn in the second quarter, but the company failed to split off the consumer arm as recently predicted
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NewsEagle Eye losses grow despite 33% sales boost
Grocery tech firm Eagle Eye Solutions has recorded a 33% jump in full year sales, but its losses grew and customer volumes remain below expectations.
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NewsCO2 shortage hits Britvic's third quarter sales
Britvic has reported a 3.4% increase in third quarter revenues to £366.9m, though revenue excluding the soft drinks levy fell 0.6% in the period as the CO2 shortage hit sales.
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NewsFever-Tree raises full year earnings expectations after strong first half
Fever-Tree expects its full year results to be “comfortably ahead of expectations” after posting first half revenue growth of 45%.
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NewsWorld Cup and hot weather drive supermarket sales surge
Grocery sales have jumped 3.6% in the 12 weeks to 15 July as the World Cup and the prolonged hot weather boosted trading according to Kantar Worldpanel.
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NewsQuorn to invest £7m in new R&D centre after 12% sales growth
The boom in meat-free has helped Quorn to double-figure growth which has prompted the business to announce a £7m R&D investment.
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NewsCity snapshot: McColl's profits plunge after P&H collapse disruption
Like-for-like sales at convenience chain McColls grew 2.7% in the “most challenging six months the company has faced” as the company was impacted by the failure of Palmer & Harvey. Plus, Tesco readies discount chain launch and all the rest of the latest news from the City.