All Financial Results articles – Page 34
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NewsCity snapshot: M&S profits jump as food sales soar
Marks & Spencer’s pre-tax profits before adjustments jumped 75% in the first half of the year as it benefited from strong food sales and better than expected consumer sentiment
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NewsCity news: Sainsbury’s shares buoyed by market share gains
Sainsbury’s shares were buoyed this week by a higher than expected earnings projections as market share gains boosted sales in its first half results
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Comment & OpinionFood and drink supplier profit margins below 4%? Now that’s unsustainable
The Grocer OC&C 150 charts an alarming decline in food and drink profit margins
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NewsBeyond Meat to axe staff in turnaround attempt
Embattled vegan brand Beyond Meat is planning to axe 19% of its non-production employees in a move to drastically reduce costs
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NewsCity snapshot: Sainsbury’s ups profit guidance following market share gains
Sainsbury’s has said it expects to hit the upper end of previous profit guidance after making strong market share gains in the first half as it put food “firmly at the heart” of the business
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NewsFmcg profit warnings slow sharply in Q3
Profit warnings at retailers and suppliers have slowed significantly ahead of the golden quarter, according to the latest research
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NewsCity snapshot: Volumes fall at Coca-Cola Europacific Partners as bottler focuses on revenues and margin
Coca-Cola Europacific Partners has seen sales grow ahead of volumes in the third quarter as a result of mixed weather across Europe, higher prices and lapping strong comparatives last year. Plus, Heineken appoints new European president and Glanbia upgrades profit expectations.
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Promotional FeaturesHow to identify food manufacturers at risk of failure
As the UK economy struggles through multiple shocks, discover how food manufacturing businesses are using the latest technology to manage their risk and ensure they’re not affected by the financial distress of others.
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NewsCity News: Reckitt Benckiser’s £1bn share buyback fails to win over City
A £1bn share buyback was not enough to placate Reckitt Benckiser investors this week, as the consumer giant’s shares slid back on weaker-than-expected sales volumes
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NewsJohn West hit by 78% profits decline as shoppers trade down
John West profits have sunk by 78% as cash-strapped shoppers flocked to discounters and turned to own label to combat inflation.
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NewsCity snapshot: Rémy Cointreau hit by sharp US sales slowdown
French spirit maker Rémy Cointreau has slashed growth expectations after posting a double-digit drop in organic sales in its second quarter amid a slowdown of sales in the US
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NewsCity snapshot: Unilever sales growth slows as volumes remain in decline
Sales growth at Unilever slowed to 5.2% in the third quarter as pricing eased and volumes remained in decline. Plus trading updates from Danone, DS Smith and C&C Group
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NewsCity snapshot: Virgin Wines tumbles into the red as sales falter
Virgin Wines UK has fallen into the red as pressure on consumer spending hit revenues and rising costs hurt margins. Plus, Reckitt and Heineken Q3 volumes tumble on higher prices, while Nichols appoints a new CFO.
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NewsCoca-Cola sees boost to volumes despite higher prices
Coca-Cola has defied the trend for declining volumes at its global CPG peers as consumers kept buying its flagship drinks despite further price increases
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
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NewsCity News: Nestlé shares sink as shoppers baulk at continued higher prices
Shares in Nestlé sank on Thursday as the world’s biggest food group revealed lower-than-expected sales growth in the first nine months of 2023.
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NewsBirds Eye back in growth as shoppers switch to frozen lines
Birds Eye has returned to sales growth as it raised prices to offset inflation and benefitted from cash-strapped shoppers switching from fresh to frozen.
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NewsCity snapshot: Nestlé revenues decline as pressure remains on volumes
Revenues have fallen at Nestlé in the first nine months of 2023 as falling volumes and currency headwinds outweighed higher prices at the Swiss food giant. Plus, Deliveroo reports Q3 update, Science in Sport CEO steps down, McBride profitability jumps despite volatility, Pernod Ricard reports ‘soft’ Q1 and Gusbourn has record harvest.
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NewsS-Ventures seeks £2.5m funding to turn around fortunes
Embattled fmcg investment firm S-Ventures has kicked off a fundraising effort to bring in at least £2.5m to bolster working capital and help cut costs and drive efficiencies
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NewsCity snapshot: Food prices fall for first time in two years
Food prices have fallen for the first time in two years in September to keep the overall UK rate of inflation steady at 6.7%. Plus, Just Eat Takeaway lifts annual profit forecasts and Cake Box issues a first-half trading update.