McColl’s plans to continue its acquisitive push in the convenience grocery sector, despite having only received regulatory approval for its buyout of almost 300 Co-op stores in the weeks before Christmas.
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.
Adelie looks to rebuild under new owners ICG Subscription
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group.
Premium petfood maker Lily’s Kitchen has slipped into the red despite a 30% sales hike
British American Tobacco has reported “an exceptionally good performance” in 2016 as it grew revenues, underlying profits and outperformed the industry on tobacco volumes. Plus full-year results from Henkel, Unilever pledges to boost earnings and all the rest of the latest news from the City.
Branded growth boosts profits at Arla Subscription
Global dairy giant Arla has boosted its bottom line through higher sales of branded goods despite the slump in milk prices hitting annual sales.
Hotel Chocolat announced yet more positive results in the form of a 28% rise in pre-tax profits for the latest half-year of trading, we talk to the company’s CEO & co-founder
Group expects a 46% increase in turnover from its car valeting service after installing new equipment
Performance was an improvement on recent quarters, and shows signs of turnaround under new CEO Sean Clarke
A raft of delistings for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
Symington’s has slumped to a loss as a raft of delisting for the Chicken Tonight and Ragu brands led the ambient food manufacturer to restructure the group
Sales slumped 3.7% to $6.9bn (£5.5bn) at Kraft Heinz in the fourth quarter, partly driven by increased promotional support in the UK.
European healthy food group Wessanen hailed the contribution of its UK brands as revenues increased 9% to €570m in 2016
PepsiCo strength at home adds fizz to Q4 sales Subscription
PepsiCo boosted sales 5% in its fourth quarter to $19.5bn thanks to steady demand in its domestic US market and a 53rd week in the financial year.
European sales are down 1.4% year-on-year, the French dairy giant says
Coke revenues held back by strong dollar Subscription
Coca-Cola sales beat expectations in the fourth quarter as organic revenues jumped 6% thanks to a strong performance for its fizzy drinks in North America and the popularity of Coke Zero in Europe and the UK.
Overall turnover, net of discounts and promotional costs, leapt by 25% to £61.6m
US food group Kellogg has beaten profit expectations in the fourth quarter despite revenues falling for the eighth reporting period in a row, with conditions particularly difficult in the UK.
Dairy Crest (DCG) has grown volumes in its key brands in the first nine months of the year, but has warned over the impact of rising input prices. Plus Tate & Lyle has upgraded earnings expectations after a strong third quarter, Pernod Ricard grows underlying sales and all the rest of this morning’s news from the City.
Carlsberg has posted full-year organic operating profit growth of 5% despite a fall in sales volumes as the early benefits from its cost-cutting programme boosted earnings
Cobbs Farm Shop boosted by ‘spectacular’ Christmas Subscription
A “spectacular” Christmas has helped independent retail farm shop operator Cobbs Farm report double-digit like-for-like sales and profits growth in 2016.
US giant posted 13% increase in operating income for the final quarter of 2016
Duncan Tatton-Brown talks emerging threats and Morrisons’ increasingly cosy relationship with its largest competitor
Sayers reports sales decline amid 'challenging year' Subscription
North West bakery chain Sayers slipped to a loss last year after it said Brexit had shaken consumer confidence
Young’s Seafood annual sales dropped by almost £90m in the year to 30 September 2016
Today’s results provide some encouragement that Asda is at least heading in the right direction, but there’s still a long way to go …
Grocers' Christmas results top City expectations Subscription
Which of the supermarkets ‘won’ Christmas is a fight decided at the tills, but the winner of the battle in the City comes down to expectations.
All of the major food and drink retailers have come through the crucial trading period in decent fettle
Tesco Christmas results: what the analysts say Subscription
Our roundup of how leading retail and City analysts reacted to Tesco’s latest quarterly update
A back to basics approach implemented by CEO David Potts has seen the once-troubled supermarket bounce back with its best financial results for seven years
Which of the grocers has "won" Christmas? Subscription
Ahead of a busy week of grocery trading updates there are good reasons to think the supermarkets had a far better time of things over the festive period.
As general retailers suffered this week on a gloomy outlook for 2017, the City rushed to grab a piece of B&M European Value Retail, with discounters seen as a safe haven in uncertain times.
The popularity of the programme was undeniably good news for the home baking category, which has actually been declining
The September sunshine was blamed for plummeting gravy sales at the Bisto and Oxo supplier
Swiss chocolate giant Lindt & Sprüngli recorded double-digit sales and profit growth in the UK last year thanks to “significant” growth of its Lindor and Excellence product lines.
Tesco revealed its pension deficit ballooned an eye-watering £3.2bn to £5.9bn in the first half, but what does it mean for the turnaround at the supermarket?
Tesco’s ‘big six’ questions Subscription
Dave Lewis hailed its first-half results as proof the retailer was “out of crisis”. Here are the big six questions raised by today’s announcements