All Financial Results articles – Page 135
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NewsCity snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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NewsP&G quarterly sales up 1% as it seals $4.2bn Merck consumer health acqusition
Sales at US household goods manufacturer Proctor and Gamble (PG) have grown 1% year-on-year in the third quarter, as it announced the $4.2bn purchase of Merck’s consumer health arm
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NewsCity snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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NewsHeineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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NewsAnnual sales jump 8% at Tiptree maker Wilkin & Sons amid factory investment
Sales at Wilkin & Sons Limited, the maker of Tiptree jams and marmalades, jumped up 8% in 2017, with new product launches pushing top-line growth.
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NewsCity snapshot: Danone delivers strong start to year with 4.9% growth
Danone has reported a strong start to the year with a 4.9% increase in like-for-like sales growth in the first quarter. Plus, Rémy Cointreau reveals full-year organic sales growth of 7.2%, Heineken beer volumes up 4.3% in the first quarter and all the rest of the latest news from the City.
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NewsCredit Suisse downgrades consumer giants over stagnant sales prospects
Broker Credit Suisse has downgraded global fmcg giants Reckitt Benckiser and Kraft Heinz amid concerns a lack of product innovation and foreseeable sales growth will eat into earnings.
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NewsMajestic Wine warns of earnings hit as it looks to lure new customers
Majestic Wine plans to plough up to £12m into attracting new customers
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NewsEU sugar quota abolition hits profits at Associated British Foods
Associated British Foods’ sugar arm suffered a first half slump in sales and profits as sugar prices were hit by the abolition of EU quotas.
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NewsCity snapshot: First half pre-tax profits dive 30% at ABF
Associated British Foods has announced pre-tax profit down 30% to £603m on group revenue up 2% to £7.4bn in the 24 weeks to 3 March as profits dived in its sugar division. Plus, Majestic Wine plans to accelerate growth “by materially increasing investment in new customer acquisition” in 2019, a new CFO for Tate & Lyle and all the latest news from the City.
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NewsCarr's Group first half pre-tax profits jump 22%
Carr’s Group has reported a 22% increase in adjusted interim pre-tax profit from £9m to £10.9m on revenue up 13.2% from £176.8m to £200.1m.
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NewsBestway annual profits up 8.5% ahead of Bargain Booze swoop
New Bargain Booze and Wine Rack owner Bestway has posted an 8.5% increase in pre-tax profit from £413.3m to £448.4m in the year ended 30 June 2017.
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Analysis & FeaturesSoft drinks brands shrug off sugar tax as shares improve
Our analysis of share price performance across listed groups in the firing line shows double-digit rises for most key players
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NewsPotato storage problems eat into UK profits at McCain Foods
Frozen potato market leader McCain Foods GB grew sales by 3.1% in the year to 30 June 2017
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NewsElla's Kitchen soaring sales offset by currency and cost woes
The company’s most recently filed accounts for the year to 30 June 2017 show a 15.5% rise in sales to £65.7m
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NewsTesco progress surprises market
Tesco beat expectations on almost every measure as it announced its final annual results before the £3.7bn Booker acquisit…
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NewsTayto owner Manderley profits hit despite sales rise
The owner of Northern Irish crisps supplier Tayto has reported a £10m-plus jump in annual sales
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NewsCentral England Co-op reports 46% rise in profits
Sales increased to £848.3m for the year ending 27 January 2017, up by 0.6% from the previous financial year
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NewsCity snapshot: WH Smith improves food offer as performance hold steady
WH Smith (SMWH) has posted pre-tax profit down 1% from £83m to £82m on static group revenue of £643m in the half year to 28 February. Plus, Greene King’s shares rise on bullish profits guidance and all the rest of the latest news from the City.
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Comment & OpinionSuppliers search for clues as Tesco-Booker hints at future strategy
Booker boss (and Tesco’s newly installed UK CEO) Charles Wilson, together with Tesco chief product officer Jason Tarry, have held initial talks with 39 of Tesco’s biggest suppliers and will summoning smaller suppliers soon