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All articles by Harry Holmes – Page 8
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NewsKerry Group sees profits boost ahead of dairy sell-off
Kerry agreed to sell its Irish dairy operation last year to help simplify the business to a pure ingredients company
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NewsOSI boosts UK presence with buyout of Karnova Food Group
Karnova Food Group was created last year with the merger of Yorkshire Premier Meat and Smithfield Murray
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NewsKraft Heinz posts fourth straight quarter of missed sales targets
The food giant is battling sluggish demand for its products
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NewsTate & Lyle shares plunge as price cuts hit revenue
The FTSE 250 company said profit growth will be towards the lower end of guidance
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NewsCity snapshot: Unilever and Nestlé give investors contrasting takeaways
Unilever and Nestlé are among several companies posting updates today, alongside Coca-Cola, British American Tobacco, Tate & Lyle and Applied Nutrition
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NewsBritish American Tobacco puts aside £6bn for Canadian lawsuit
A Quebec court ordered tobacco companies to compensate smokers for health problems
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NewsUnilever to list ice cream business in London, New York and Amsterdam
Unilever said the separation was on track to complete by the end of 2025
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NewsMosa Meat races past crowdfunding target in latest lab-grown beef push
It comes after the lab-grown meat pioneer raised $40m in an oversubscribed round last year
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NewsOatly upbeat on profitability despite missed targets
Oatly has executed a significant transformation in the past two years
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NewsJoe & Seph’s losses bulge in post-pandemic evolution
The gourmet popcorn maker said it is now back in the black and forecasting sales to grow over 20% next year
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NewsCity snapshot: Heineken reassures investors with strong results
Heineken says it is set for growth this year after beating its own profit growth guidance in 2024 thanks to a boost in beer sales. Also, Ella Mills buys Allplants brand from administration
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NewsHeineken beats profit forecasts as beer sales pick up
The world’s second-largest brewer saw beer sales return to growth having taken a hit the year before
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NewsCoca-Cola beats estimates as global demand rises
Its rival PepsiCo posted its third consecutive quarter of missed revenue forecasts last week
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NewsHain Celestial cuts forecasts after another poor quarter
Hain is now exploring a sale of its personal care business, made up of brands including Avalon Organics and Alba Botanica
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NewsCity snapshot: PZ Cussons shares up 11% despite profit plunge
The owner of Carex and Imperial Leather saw pre-tax profits fall 24% due to a huge depreciation in the Nigerian naira. Also, shoppers are trading down into own label ahead of more anticipated price hikes
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NewsPZ Cussons offers signs of hope amid Nigerian damage
After an eye-watering slide for the Nigerian naira, the currency is now enjoying a run of relative stability
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NewsKellanova’s profits surge ahead of Mars takeover
Mars’s takeover is imminent after the deal was approved by Kellanova’s shareholders
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NewsDiageo share price hangover drags on as tariff threat looms
Diageo gave a sobering read on Donald Trump’s burgeoning tariff war this week, blaming the White House for threatening to derail its recovery from a protracted post-Covid hangover
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NewsRiverford Organic Farmers doubles profits as Brits demand sustainable veg
The veg box company grew turnover 11% back to its Covid high water mark
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NewsCity snapshot: Carlsberg and Pernod Ricard both narrow sales outlook
Carlsberg saw volumes decline in two of its three major markets while Pernod Ricard is battling Chinese tariffs. Also, catering giant Compass Group reports quarterly results.