All Finance articles – Page 176
-
NewsVimto maker Nichols with ‘encouraging’ growth despite inflationary pressures
The boss of Nichols has hailed the drinks group’s first-half performance in the face of challenging inflationary headwinds, with Vimto making further market share gains and the out-of-home channel moving back above pre-Covid levels for the first time.
-
NewsParsley Box shares sink as sales slide continues
The DTC ready meals for the over-65s operator reported a 30% fall in revenues to £9.6m in the six months to the end of June.
-
NewsFood price inflation accelerates to 13-year high
Food prices have hit a 13-year high as spiralling production costs piled more pressure on the grocery sector, according to the latest industry data.
-
NewsCity Snapshot: Danone and Reckitt Benckiser beat expectations thanks to price rises
Reckitt Benckiser and Danone have continued the trend of stronger-than-expected sales growth from big consumer groups fuelled by hefty price rises. Plus, trading updates from Haleon and Parsely Box, Q2 numbers from Mondelez, first-half results from British American Tobacco and Nichols, Q1 figures from Rémy Cointreau, and the latest shop price index from BRC and Nielsen.
-
NewsMedia Bites 27 July: Unilever, Coca-Cola, THG
Unilever has put up prices by 11.2% to cope with a €4.6bn bill for inflation as other consumer groups hike prices
-
NewsLindt raises full-year outlook as sales soar in first half
Chocolatier Lindt & Sprüngli has lifted its forecasts for the year after smashing expectations in the first half as the positive growth trend in the global chocolate market continued.
-
NewsMcDonald’s sales boom but profits hit by Russia withdrawal
The fast food giant announced today its second quarter sales jumped by 9.7%, though earnings were hit by the divestment of its Russian business
-
NewsCoca-Cola sales fizz higher as prices rise
Coca-Cola has outperformed expectations and raised its full-year forecast as demand for its portfolio of drinks held up in the face of rising prices.
-
NewsSainsbury’s to invest £5m in sustainable tech startups
Sainsbury’s will invest a minimum of £5m over the next four years into the chosen startups
-
NewsBidcorp UK acquires Nicol Hughes Foodservice
Nicol Hughes Foodservice specialises in delivering ambient, frozen, chilled and non-food products to north west England and north Wales
-
NewsCity Snapshot: Unilever price hikes drive strong first half growth
Unilever has posted first half growth of more than 8% due to soaring prices, but margins were hit by mounting input cost inflation. Plus monthly grocery figures from Nielsen and trading updates from Greencore and Compass Group.
-
NewsMedia Bites 26 July: Amazon Prime, Morrisons, Premier Foods, Aldi
Amazon is increasing prices for its Prime membership scheme across its major European markets.
-
Comment & OpinionPremier Foods’ Spice Tailor deal signals the end of its zombie phase
The Spice Tailor acquisition looks to be a savvy one in the context of continued high demand for home cooking
-
NewsHeura continues rapid expansion as first-half sales double
Plant-based supplier Heura has doubled sales in the first six months of 2022 as it expanded distribution of its range across Europe.
-
NewsCity Snapshot: Premier Foods snaps up The Spice Tailor for £44m
Premier Foods has acquired Indian meal kits brand The Spice Tailor for £44m as the Sharwood’s and Loyd Grossman owner looks to capitalise on growing demand for scratch cooking. Plus, Aldi gives staff a second pay rise of the year; and Naked Wines loses CFO.
-
NewsMedia Bites 25 July: FMCG results, The Co-op, UK retail sales
Some of the world’s largest consumer goods producers face a hit to sales in the coming months as shoppers switch to cheaper supermarket own-brands
-
NewsCity News: Ocado’s whopping £211m loss leaves City sceptics feeling justified
Ocado has never been best known for making a profit, but plunging to a £211m loss in the first half went some way to justifying investor scepticism so far this year
-
News2 Sisters hit by labour crisis and cost hikes
Losses almost tripled at UK chicken giant 2 Sisters last year as rising commodities costs and labour shortages hit its bottom line
-
NewsCity Snapshot: UK retail sales fall as shop price inflation nears 10%
UK retail sales fell back again in June, falling 0.1% month-on-month as consumers bought fewer items at higher prices, according to the Office of National Statistics
-
NewsMedia Bites 22 July: Ocado, M&S, GoPuff, Britvic, Amazon
The papers give plenty of coverage to the latest Ocado results and the surprise exit at M&S of CFO Eoin Tonge.