latest – Page 124
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NewsCity snapshot: Weak customer footfall hits Greggs food to go
The big winter freeze knocked food to go in some of Greggs’ retail locations, impacting performance in the first quarter of the year. Plus, Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK, AB InBev posts first-quarter revenue up 4.7% in the first quarter, updates from Imperial Brands, Ahold Delhaize and Henkel and the rest of the news from the City.
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NewsMeatsnacks slips into the red as soaring costs offset growth
ltong and jerky manufacurer, Meatsnacks Group, saw more than £1m in cost increases result in an £80k loss despite growing sales
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NewsHolland & Barrett sales up after L1 Retail acquisition
The UK’s biggest health food reatiler, Holland & Barrett, defied the High Street downturn to post sales growth of 7.1% or the year up to 30 September
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NewsLRS sees 6% UK sales fall after Lucozade Energy reformulation
Newly filed accounts for LRS for the 12 months to 31 December 2017 show a drop in annual sales from £445.1m to £418.4m
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NewsCity snapshot: Kerry volumes up 3.7% in first quarter
Global taste & nutrition and consumer foods group Kerry has posted 3.7% growth in business volumes in the first quarter of 2018 and reaffirmed its earnings guidance for the full year. Plus, organic net sales fall again at Kraft Heinz, food inflation edges up according to BRC-Nielsen and all the rest of the latest news from the City.
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NewsWage and cost increases cause Pizza Express' earnings to tumble
Industry-wide pressures in the UK have affected Pizza Express earnings despite strong sales growth internationally
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NewsMcDonald's announces UK recruitment drive after 5.5% global sales growth in Q1
McDonald’s has recorded positive sales growth despite concerns in the casual dining sector, and committed to recruiting 1,000 new managers in UK stores.
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NewsSainsbury’s shares surge on Asda deal confirmation
Sainsbury’s shares have hit their highest level for almost four years this morning, surging 15% on the news that the UK’s second and third largest grocers have agreed merger terms.
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NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
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NewsHill Biscuits records loss despite 11.7% sales rise
Newly filed accounts to 31 December 2016 show sales edged up 0.5% to £19.1m
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NewsCity reacts as Whitbread announces Costa spin-off
One of the City’s longest-running sagas was finally settled this week
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NewsPepsiCo grows sales in first quarter but soft drinks continue to struggle
Sales at US snack and soft-drink giant Pepsico rose 4.3% in the first quarter of 2018, despite struggling soft drink sales.
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NewsPricing drives first quarter growth at CCEP as volumes slide
UK Coke bottler Coca-Cola European Partners has reported a 1% organic growth in sales despite the cold weather and “customer challenges” causing a 2.5% slip in volumes.
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NewsSports nutrition drives 4.8% first quarter growth for Glanbia
Global nutrition group Glanbia has reported 4.8% revenue growth in the first quarter of 2018 at constant currency with a solid performance from its nutrition interests, US cheeses and its joint ventures.
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NewsCoca-Cola Co buoyed by Zero Sugar's double digit growth in first quarter
Increasing sales of healthier soft drinks buoyed Coca-Cola in the first quarter, as it recorded volume growth of 3%.
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NewsReckitt Benckiser tumbles on weak first quarter growth
Household goods giant Reckitt Benckiser (RB) fell sharply as modest first quarter sales growth failed to meet analysts’ estimates.
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NewsPlanet Organic remains in the red despite 9% sales growth
Upmarket London grocer Planet Organic boasted 9% sales growth in its most recent financial year, but the chain remained loss-making as it continued to invest in growth.
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NewsBrakes sales rise on Sysco takeover but ebit profits fall 30%
Profits were down 30% pro rata as the business comes under pressure from rising costs and multiple changes in its leadership
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NewsBestway wholesale recovery marred by poor health of Well
Well Pharmacy profits slumped due to less NHS funding and higher wages
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NewsCity snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.