All Financial Results articles – Page 81
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NewsBiscuits sales decline hits Pladis recovery
Revenues at Pladis have crumbled due to falling demand for biscuits in the wake of the pandemic and the impact the McVitie’s owner pushing through price increases
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Analysis & FeaturesOC&C Global 50 food and beverage rankings: how fmcg giants are tackling inflation
The world’s fmcg giants survived the pandemic. Now they’re facing into rampant inflation. Are they agile enough to handle rising costs, changing shopper habits and geopolitical volatility?
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NewsNestlé UK revenues approach £2bn after out-of-home rebound
The rebound in out-of -home sales and hybrid working habits helped Nestlé UK grow revenues to near £2bn last year, but mounting cost pressures suppressed profits
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NewsDX Group profits up as bribery investigation finds competitor information was obtained illegitimately
Investigation found that employees of a group subsidiary may have breached the 2010 Bribery Act after offering a one-off payment in return for the information
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NewsAston Manor sales and profits lose fizz in ’most difficult trading period in decades’
Chief executive Gordon Johncox said 2021 was “every bit as difficult, if not more so” than 2020.
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NewsCity snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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NewsRed Bull multipack sales gives energy drinks brand wings as supermarket sales soar
Red Bull has grabbed a record share of the UK energy drinks market as it attracted new shoppers to the category and continued to benefit from demand for its take-home multipacks.
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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NewsCity snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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NewsCity News: Naked Wines shares hit after unscheduled business update
Naked Wines has seen its shares tank this week after shocking the market with suggestions it would need to shift strategy to deal with falling consumer demand and rising costs
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Comment & OpinionWaitrose needs to be brave and bold to stave off sales and profits decline
Waitrose shoppers are feeling the inflationary pinch, but James Bailey insists quality will out
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NewsCity snapshot: John Lewis Partnership plunges to £92m first half loss amid Waitrose slowdown
John Lewis Partnership has plunged to a £92m first half loss amid falling Waitrose sales and a wider slowdown of consumer spending. Plus, Hilton Food Group warns on second half performance, THG takes margin hit amid inflationary pressure and all the rest of the latest news from the City
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NewsOrnua Foods reports strong financial results but warns of challenges ahead
Volume sales were still up 16% on pre-Covid levels, due to higher in-home eating and a continued desire for staple ingredients such as cheese and butter
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NewsCity snapshot: Aldi overtakes Morrisons as grocery inflation soars to 12.4%
The UK’s big four grocers are no more as Aldi has overtaken Morrisons’ market share as private label sales continue to grow amid soaring inflation. Plus, Ocado returns to growth in Q3, FeverTree first half sales rise but shipping costs hit profits and all the rest of the latest news from the City.
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NewsSewell Retail turnover soared during 2021 as commuters returned to work
According to its latest accounts posted at Companies House, turnover rose by 18.5% to £57.1m for the year to 31 December 2021
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NewsCity Snapshot: MP Evans profits soar on record palm oil prices
Profits at palm oil producer MP Evans have soared as the price of the edible vegetable oil hit record highs as a result of the Ukraine war.
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NewsCity News: Associated British Foods issues gloomy forecast as Primark is hit by ‘market volatility’
Associated British Foods became one of the first major consumer multinationals to downgrade profit expectations this week, warning its Primark retail business would be hit by the strength of the US dollar and “significant market volatility”
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NewsCharlie Bigham’s tops £100m sales and snaps up frozen brand By Ruby
Revenues increased 29.2% – or £23.6m – to a record £104.4m in 2020/21 thanks to a legion of new customers trying the brand’s range of meals and puddings throughout lockdown.
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NewsCity snapshot: ABF warns on profits as currencies and economic volatility weigh on Primark
ABF has warned its profits next year will be hit by the strength of the US dollar and ‘signficant market voility affecting costs’, which will hit margins at its Primark retail arm.
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NewsCity Snapshot: Bakkavor sales recover but inflation drags on profits
Bakkavor Group has continued its recovery from pandemic disruption, reporting strong revenue momentum in the first half despite inflationary challenges. Plus, WH Smith issues a pre-close trading update for the year.