latest – Page 121
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News2 Sisters profits fall 77% amid protein division restructure
The poultry giant said volume growth was more than offset by the “negative impact of beef, poultry and fish price inflation”
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NewsWhitbread blames high street woes for Costa Coffee sales fall
Whitbread said a decline in footfall in traditional shopping locations dragged Costa’s like-for-like sales back 2% in its first quarter.
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NewsGreene King's profits slump amid rising costs and cold winter
Annual profits slumped by 11.4% at brewer and pub company Greene King last year as it suffered from the cold British winter and rising costs.
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NewsGiant crumpets help prop up Warburtons’ annual sales
However, Warburtons’s pre-tax profits dived by 40.2% in the 53 weeks to 30 September 2017
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NewsFive Waitrose stores to close as JLP issues profit warning
Four Waitrose convenience stores and one supermarket have been earmarked for closure, as tough high street conditions took their toll
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NewsCity snapshot: Costa Q1 like-for-likes slide ahead of demerger
Whitbread owned Costa Coffee grew its first quarter sales by 5.2% ahead of its planned demerger, but like-for-like sales fell 2% reflecting the slump on UK high streets. Plus, butchery group Crawshaw suffers 12.9% like-for-like collapse in 20 weeks to 17 June and all the rest of the latest news from the City.
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NewsCity snapshot: 2 Sisters hit by protein price inflation
UK chicken giant 2 Sisters was buoyed by the £200m sale of Goodfellas to Nomad Foods in its third quarter, but underlying profitability collapsed on a £5.8m protein division loss. Plus, Oasis Management steps up campaign against Premier Foods CEO Gavin Darby and all the rest of the latest news from the City.
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News'Microsoft of retail' Ocado has a mixed week
Even by Ocado’s standards, it had a mixed week after a FTSE debut to forget on Monday was followed by a share price surge on being dubbed the “Microsoft of retail” by Wednesday.
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NewsLosses deepen as profit margins drop at Daniels Chilled Foods
Newly filed accounts show the Hain Daniels subsidiary recorded an almost £18m decline in turnover
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NewsHaribo sales jump 4% despite 'challenging' market conditions
Dunhills (Pontefract) grew sales despite a 1.2% decline in the wider consumption of confectionery last year
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NewsCompany Shop eyes further expansion after profits boost
Turnover in the year to 30 September 2017 rose 8% to a new annual high of £34m
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NewsFroneri returns to profit in first year since R&R/Nestlé merger
Froneri said it had “performed strongly” in the year to 31 December 2017
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NewsCity snapshot: Kroger soars on first quarter earnings jump
Shares in US supermarket group Kroger jumped 9.6% yesterday after it announced first quarter earnings comfortably above analyst expectations. Plus all the rest of the latest news from the City.
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NewsCity snapshot: Starbucks' third quarter to undershoot expectations
Starbucks has announced new sales forecasts for its third quarter trading significantly below analysts’ expectations. Plus, Dairy Crest boss Mark Allen’s pay doubled last year to £2.6m and all the rest of the latest news from the City.
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NewsMajestic Wine back in black but remaining cautious
Majestic posted a full year pre-tax profit of £8.3m after reporting a loss of £1.5m last year
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NewsSales jump 31% at Ferrero after Thorntons acquisition
However as sales grew, profitability suffered
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NewsCidermaker Thatchers' sales rocket 17% to grow profits
The manufacturer of Thatchers Gold and Thatchers’ Haze brands hit sales of £84.9m on the back of increased marketing investment
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NewsPukka Herbs' losses mount despite 28% jump in annual sales
Revenues continued to soar at organic herbal tea brand Pukka Herbs, but losses mounted in the year leading up to its acquisition by Unilever.
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NewsFood Warehouse expansion drives 8% Iceland annual sales rise
Sales at Iceland rose 8% for the year ending 30 March 2018 driven by the expansion of its Food Warehouse concept and improved organic growth in the fourth quarter.
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NewsCity snapshot: Tesco first quarter like-for-likes up 2.1%
Tesco’s growth plans are firmly “on track” after it reported a tenth consecutive quarter of growth, with UK like-for-like sales up 2.1% in the first quarter. Plus, sales at Iceland rose 8% for the year ending 30 March 2018 with like-for-likes up 2.3% and all the rest of the latest news from the City.