All articles by Harry Holmes – Page 5
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NewsHelloFresh cuts profit forecast as sales fail to deliver
HelloFresh’s share price has already fallen around 30% so far this year and almost 90% since its peak
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NewsCarlsberg growth propped up by Britvic acquisition
The Danish brewer is several facing struggles such as weak demand, tariffs and poor weather
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NewsHigher food sales ‘barely touching the sides’ of extra labour costs
Rising food inflation meant increased spending was more due to higher prices than rising demand
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NewsUK companies cut back on hiring over tax and labour costs
The Bank of England is watching the jobs market closely as it weighs up further rate cuts
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NewsDeliveroo profits surge ahead of DoorDash takeover
The London-based company achieved its first-ever annual profit last year, drawing the attention of DoorDash which agreed a £2.9bn takeover in May
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NewsDiageo’s profits tumble after rocky year
The maker of Guinness and Smirnoff said operating profits were down almost 30%, below analyst’s expectations
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NewsKimberly-Clark scores strongest volume growth in five years
The Andrex maker consequently raised its profit forecast for the year having cut it in April
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NewsVirgin Wines builds momentum despite market slowdown
In March, Virgin Wines said it would put £20m into “turbocharging” growth
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NewsHaleon cuts sales forecast due to US slowdown
The group is performing better in emerging markets which make up around a third of its revenue
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NewsUnilever sales beat estimates off strong ice cream performance
Unilever’s ice cream division – which it will spin off by the end of the year – performed particularly well
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NewsSSP share price down 7% as sales fall below expectations
In the UK, sales were affected by the cyberattack on M&S
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NewsAG Barr confirms Strathmore sale as it posts H1 revenue boost
The company said it was looking to sell Strathmore in April, just one month after announcing it was scrapping the brand completely
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NewsWH Smith sells Funky Pigeon to Card Factory
WH Smith is selling the business after a strategic review that followed the sale of its high street business to Modella Capital
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NewsGreggs confirms profit slip as sales growth continues to slide
Greggs’ like-for-like sales grew just 2.6% in the first half of the year, a slowdown it attributed to January’s heavy snow and strong winds and June’s unusually hot weather
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NewsHeineken sales fall due to supermarket disputes
The world’s second-largest brewer said volumes were worse than analysts’ estimates
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NewsCranswick to boost investment as demand for meat grows
Cranswick added an independent review into its animal welfarepractices is now “well advanced”
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NewsOatly warns of sluggish sales growth amid US slowdown
The company’s share price fell 5% following the announcement
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NewsPure Pet Food’s sales double after hefty investment
The company secured a £15m investment in October to support further expansion after consecutive years of strong growth
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NewsAsda showing ‘green shoots of recovery’, says NIQ
Asda has been in the midst of a long-term sales drop that pulled the supermarket to a £600m loss last year
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NewsLa Martiniquaise-Bardinet snaps up majority stake in Warner’s Distillery
La Martiniquaise is France’s second-largest spirits group, making drinks including Glen Moray and Cutty Sark