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OC&C Global 50 2018: consumer goods giants supercharge growth Subscription

For the world’s largest consumer goods players, struggling to find meaningful growth, the new mantra is clear: ‘If you can’t beat them, buy them’

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Sales suffer at Thorntons after first full year under Ferrero Subscription

10 Aug 2018 | By Alec Mattinson

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.

coca cola

Coca-Cola European partners flattened by France and Spain despite levy boost Subscription

10 Aug 2018 | By Henry Saker-Clark

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

nakd nudies

Nakd sales growth slows under Lotus ownership Subscription

10 Aug 2018 | By Alec Mattinson

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.

Halo Foods cereal bars

New owners bring cereal bar maker Halo Foods back in profit Subscription

10 Aug 2018 | By Henry Saker-Clark

The Harvest Cheweee maker completed a turnaround in 2017 to jump up to a £361k pre-tax profit from a £3.1m operating loss

Coca-Cola Zero Sugar Tastes More Like Coke ad

Volumes slide at CCEP after second quarter sales slumps in western Europe

09 Aug 2018 | By Henry Saker-Clark

CCEP’s total comparable revenues grew 1% in the half-year to 29 June 2018, as it was supported by strong sales growth in the UK.

coca cola

City snapshot: World Cup boosts first half sales at Coca-Cola HBC Subscription

09 Aug 2018 | By Alec Mattinson

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.

stock spirits

First half profits rise 8.6% at Stock Spirits Group Subscription

08 Aug 2018 | By Henry Saker-Clark

Premium spirit supplier Stock Spirit Group (STCK) saw profits jump 8.6% for the half-year, despite “challenges in its core markets”.

Wrigleys extra chewing gum bottle

Profits tumble at Wrigley UK as chewing gum sales wane Subscription

08 Aug 2018 | By Henry Saker-Clark

Profits at Extra and Juicy Fruit chewing gum maker Wrigley tumbled by a third last year, as category sales continued to decline.

heinz

Kraft Heinz shares jump as condiments and sauces drive European growth Subscription

03 Aug 2018 | By Henry Saker-Clark

Kraft Heinz shares jumped 8% after booming sales outside of North America helped it record second quarter top-line growth.

heineken

Heineken drops 5% after Brazil expansion hits margins Subscription

03 Aug 2018 | By Henry Saker-Clark

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

Irn bru

Hot weather helps AG Barr recover to 5% sales growth Subscription

01 Aug 2018 | By Henry Saker-Clark

Irn Bru and Rubicon manufacturer AG Barr recorded a 5% increase in sales for the first half of 2018.

Greggs Foodies Festival pop-up

Media Bites 1 Aug: Greggs, Food inflation, P&G Subscription

01 Aug 2018 | By Henry Saker-Clark

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

Greggs

City snapshot: Hot weather hits first half trading at Greggs Subscription

31 Jul 2018 | By Alec Mattinson

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.

Heineken

Heineken cuts profit forecasts after Brazil expansion Subscription

30 Jul 2018 | By Henry Saker-Clark

Heineken, the world’s second largest brewer, has forecast a drop in profitability after expanding quicker than predicted in Brazil.

mccoll's store

McColl's profits suffer after P&H collapse disruption Subscription

27 Jul 2018 | By Ronan Hegarty, Henry Saker-Clark

Pre-tax profits for the six months to 27 May felll to £2.3m as supply costs increased

kitkat

Media Bites: Nestlé, Diageo and stockpiling food Subscription

27 Jul 2018 | By Henry Saker-Clark

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

Reckitt

City snapshot: Reckitt Benckiser ups sales targets after baby formula growth Subscription

27 Jul 2018 | By Henry Saker-Clark

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

budweiser

Second quarter sales up 4.7% at AB InBev despite US slowdown Subscription

26 Jul 2018 | By Alec Mattinson

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.

Interbev

Diageo sees 8% GB growth on back of gin and craft beer boom Subscription

26 Jul 2018 | By Daniel Woolfson

Global net sales are up a more modest 0.9% to £12.2bn

Kit Kat lifestyle

City snapshot: Nestlé reports first half organic growth of 2.8% Subscription

26 Jul 2018 | By Alec Mattinson

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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