Results – Page 66
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News
City snapshot: Premier Foods lowers growth target and ups cost savings drive
Premier Foods (PFD) is shifting its strategy away from focussing on revenue growth to a more ’balanced approach’ after full year underlying sales slipped 1.4%
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Coca-Cola Hellenic boosted by growth in emerging markets
Coca-Cola is flatlining, but European bottler Coca-Cola Hellenic continued its run of effervescent results. Plus, the share price movements of Refresco and Premier Foods.
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Kerrygold sales boom boosts revenues at Ornua
The Irish butter brand topped €900m in global sales, with the US reporting 20% volume growth
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City snapshot: Coca-Cola HBC revenues up 5.2% in first quarter
European Coke bottler Coca-Cola HBC saw revenues rise 5.2% at constant exchange rates in the first quarter driven by higher prices in emerging markets. Plus, strong first quarter sales growth at Refresco and Henkel, Diageo fights £107m tax demand and all the rest of the latest news from the City.
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58 food and drink firms named in LSE’s 1000 Companies to Inspire Britain report
A total of 58 food and drinks companies have been named in the London Stock Exchange’s list of 100 Companies to Inspire Britain
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AB InBev's UK volumes grow in double digits in first quarter
Global volumes dropped –0.5%, but revenues were up 3.7% (organic) compared with the same quarter in 2016
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Mondelez sees commodities costs rise despite falling cocoa prices
Confectionery giant was unable to take advantage of lower prices because of hedging arrangements
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Mults record the best growth since 2013 as discounters power on
The UK grocery market posted its best growth figures since 2013 over Easter
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Sainsbury's Coupe mulls further franchise moves
Sainsbury’s is currently testing a seven-forecourt trial with Euro Garages
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Mahou San Miguel reports 'record-breaking' full-year results
The San Miguel owner attributed much of its success to the brand’s relaunch in 2015
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Analysis & Features
Morrisons results: what the analysts say
Morrisons’ like-for-like sales rose 3.4% in the 13 weeks to 30 April – its highest growth rate yet under CEO David Potts
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City snapshot: Morrisons reports 3.4% first quarter like-for-like sales jump
Morrisons’ like-for-like sales has risen by 3.4% in the 13 weeks to 30 April – its sixth consecutive quarter of like-for-like growth. Plus, Kerry Group confirms full year expectations after solid first quarter, Carlsberg’s revenues up 4% in first quarter, Sainsbury’s shares plunge and all the latest news from the City
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News
Grocery sales growth hits highest level since 2013
The UK grocery market recorded its best three months of sales since September 2013, according to market share figures from Kantar Worldpanel
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Analysis & Features
Sainsbury's results: what the analysts say
Sainsbury’s has reported a 1% drop in profit before tax for the year to 11 March. Here’s how leading City and retail analysts reacted to the news
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News
Sainsbury's bullish in face of third year profit decline
Chief executive Mike Coupe is confident in strategy to accelerate Argos proposition and grow online
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Just Eat's sales jump 46% in first quarter
The UK’s appetite for takeaway food shows no sign of waning despite concerns over a squeeze on consumer spending as Just Eat reported another 46% jump in first quarter sales
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Premium gin producer Brockmans reports "record" year
Brockmans has benefited from new listings in 115 M&S branches, Wine Rack, Harvey Nichols and Punch Taverns…
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Pepsi adapting quicker than Coke, earnings updates reveal
Pepsi beat analyst expectations with a 41% jump in first-quarter net income and a better than forecast 1.6% rise
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Tate & Lyle Sugars blames EU for annual trading loss
Tate & Lyle Sugars is pinning turnaround hopes on a new post-Brexit regulatory approach to sugar imports after blaming the EU for another annual trading loss.
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Pret A Manger notches up 12th consecutive year of growth
Across the period, Pret opened 50 new stores including 31 in the UK