All Financial Results articles – Page 89
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NewsMondelez buoyed by home market as coronavirus hits sales
Strong demand in its North American home markets offset declines in emerging markets and Europe
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NewsCity snapshot: Premier Foods sales surge 22.5% in first quarter
Premier Foods has posted a 22.5% surge in first quarter sales driven by consumers flocking to its brands during the coronavirus lockdown period. Plus, food inflation holds steady at 1.5% and all the rest of the latest news from the City.
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NewsMcDonald’s global profits tumble amid lockdown hit
Profits have tumbled more than 50% at McDonald’s in the second quarter as the peak of lockdown measures took a toll on the fast-food chain.
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NewsGreggs targets supermarket concessions for growth post-Covid
Greggs has now reopened the vast majority of sites, including four concessions in Asda superstores
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NewsCity snapshot: Reckitt brands clean up amid coronavirus demand spike
Sales and profits have soared at Reckitt Benckiser in the first half as hygiene-conscious consumers flocked to buy its disinfectant brands during the Covid-19 outbreak. Plus, on a busy morning trading updates from Greencore, AG Barr, Greggs and B&M and all the rest of the latest news from the City.
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NewsBidfood parent back in profit ahead of Covid-19 outbreak
Bidfood parent company BFS Group has bounced back into the black in its latest financial year, positioning the foodservice wholesaler in a stronger position ahead of the coronavirus outbreak.
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NewsUnilever sales resilience shows ‘true strength’ says Alan Jope
The first half showed “the true strength of Unilever” according to its CEO Alan Jope, as a surge in eating at home propelled the consumer giant above market expectations.
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NewsArgent Foods profits hit by poor weather and operational issues
The London-based food group saw group EBITDA fall by 22%, from £16.3m to £12.7m for the 12 months to 31 December 2019
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NewsNew England Seafood lauds progress amid ‘tough’ trading landscape
The UK fish processor said it had adapted its offer after a challenging Q1, according to its latest financial results
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NewsUnilever shows ‘true strength’ to weather coronavirus crisis
Unilever has posted broadly flat organic sales and improve profits in the first half of the year in a performance that shows “the true strength of Unilever” according to its CEO.
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NewsProper Snacks sales rise 25% amid expansion and NPD
For the year ended 29 December 2019, the company’s turnover amounted to £15.9m from £12.7m the prior year
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NewsOrnua Foods UK sees sales rise, but profits fall by almost £3m
The UK arm of Irish dairy co-op Ornua said the 40% drop in pre-tax profits was due to a major investment in operations
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NewsCity snapshot: Nichols profits halve as coronavirus pandemic hits out of home sales
The company’s adjusted operating profits for the six months to 30 June amounted to £6.8m, a 48.9% drop on the previous year’s £13.3m
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NewsIceland’s losses grow despite boost to sales
Pre-tax losses for the year ending 27 March 2020 were £71.8m, up from £53.8m the previous year, according to new accounts
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NewsFood surplus retailer Company Shop sales rise 17% on estate expansion
During the year the company opened its first retail store in Scotland, doubled the size of its Corby store and opened its fifth Community Shop in Halton
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NewsFirst Milk posts “solid” results despite weakened dairy market
The dairy co-op has seen a rise in both its turnover and operating profit, according to its latest financial results
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NewsHeineken sales slump 16% amid €550m coronavirus writedown
Global brewer Heineken has reported a 16% first half revenue slump amid “unprecedented volatility and uncertainty” caused by the coronavirus outbreak.
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NewsElla’s Kitchen continues to ‘outperform’ babyfood market despite pandemic
The Hain Celestial-owned brand reported revenues for the year ended 2019, up to £73.4m from £70.6m the prior year
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NewsCity Snapshot: Finsbury Food Group sales fall on coronavirus impact
The listed bakery manufacturer has guided for revenues in the year ended 27 June to be £306.3m, down from £315.3m last year
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NewsCity snapshot: Ocado first half retail sales top £1bn but pre-exceptional losses mount
Ocado has posted first half retail sales growth of 27.2% amid “unprecedented and sustained demand”, but its pre-exceptional losses rose by 64% to almost £80m amid mounting costs. Plus, Fever-Tree buys German distributor and updates on sales, McBride guides to better second half than expected and all the rest of the latest news from the City.