All Finance articles – Page 199
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NewsCity snapshot: Nestlé upgrades sales on pricing and volume growth but margins slip back
Nestlé has upgraded its full year growth expectations as first half sales rose on pricing and volume growth. Plus results from Diageo, AB InBev and Virgin Wines, while Hotel Chocolat’s Japanese JV restructures and Ocado’s COO takes new role.
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NewsMedia Bites 28 July: Reckitt Benckiser, Kraft Heinz, McDonald’s, Haleon
The papers report on the latest big consumer groups hiking prices to manage inflation.
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NewsKraft Heinz pushes through price increases to manage inflation
The US group pushed up prices more than 12 percentage points in its second quarter, which helped sales beat Wall Street expectations.
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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.
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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.
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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.
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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.
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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
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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.
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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
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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.
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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
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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
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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.
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NewsMedia Bites 26 July: Amazon Prime, Morrisons, Premier Foods, Aldi
Amazon is increasing prices for its Prime membership scheme across its major European markets.
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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
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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.
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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.
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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
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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