Results – Page 56
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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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NewsSales suffer at Thorntons after first full year under Ferrero
Chocolate retailer and supplier Thorntons has suffered a sharp drop in sales and an expansion of losses in its first full financial year under Ferrero ownership.
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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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NewsNakd sales growth slows under Lotus ownership
The maker of Nakd healthy cereal bars Natural Balance Foods has continued to grow sales under the ownership of Lotus Bakeries, but its rate of growth has slowed dramatically since its £60m sale.
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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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NewsHeineken drops 5% after Brazil expansion hits margins
Heineken’s expansion in Brazil took the fizz out of its growth in the first half of 2018, meanwhile AG Barr shrugged off a ‘volatile’ period by delivering 5% sales 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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NewsMedia Bites 1 Aug: Greggs, Food inflation, P&G
Bakery chain Greggs reported a rise in sales yesterday despite a challenging high street and extreme weather conditions, driven by growth in its breakfast and healthier choices ranges
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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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NewsCity snapshot: Reckitt Benckiser ups sales targets after baby formula growth
Durex and Clearasil maker Reckitt Benckiser (RB.) lifted sales targets after half-year revenues were boosted by its acquisition of Mead Johnson, Danone’s growth slows after consumer boycotts in Morocco, and the rest if this morning’s finance updates
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NewsSecond quarter sales up 4.7% at AB InBev despite US slowdown
The world’s largest brewer AB InBev has reported second quarter revenue growth of 4.7% largely driven by pricing as volumes grew by just 0.8% in the quarter.
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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