latest – Page 125
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NewsP&G quarterly sales up 1% as it seals $4.2bn Merck consumer health acqusition
Sales at US household goods manufacturer Proctor and Gamble (PG) have grown 1% year-on-year in the third quarter, as it announced the $4.2bn purchase of Merck’s consumer health arm
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NewsCity snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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NewsHeineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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NewsAnnual sales jump 8% at Tiptree maker Wilkin & Sons amid factory investment
Sales at Wilkin & Sons Limited, the maker of Tiptree jams and marmalades, jumped up 8% in 2017, with new product launches pushing top-line growth.
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NewsCity snapshot: Danone delivers strong start to year with 4.9% growth
Danone has reported a strong start to the year with a 4.9% increase in like-for-like sales growth in the first quarter. Plus, Rémy Cointreau reveals full-year organic sales growth of 7.2%, Heineken beer volumes up 4.3% in the first quarter and all the rest of the latest news from the City.
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NewsCredit Suisse downgrades consumer giants over stagnant sales prospects
Broker Credit Suisse has downgraded global fmcg giants Reckitt Benckiser and Kraft Heinz amid concerns a lack of product innovation and foreseeable sales growth will eat into earnings.
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NewsMajestic Wine warns of earnings hit as it looks to lure new customers
Majestic Wine plans to plough up to £12m into attracting new customers
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NewsEU sugar quota abolition hits profits at Associated British Foods
Associated British Foods’ sugar arm suffered a first half slump in sales and profits as sugar prices were hit by the abolition of EU quotas.
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NewsCity snapshot: First half pre-tax profits dive 30% at ABF
Associated British Foods has announced pre-tax profit down 30% to £603m on group revenue up 2% to £7.4bn in the 24 weeks to 3 March as profits dived in its sugar division. Plus, Majestic Wine plans to accelerate growth “by materially increasing investment in new customer acquisition” in 2019, a new CFO for Tate & Lyle and all the latest news from the City.
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NewsCarr's Group first half pre-tax profits jump 22%
Carr’s Group has reported a 22% increase in adjusted interim pre-tax profit from £9m to £10.9m on revenue up 13.2% from £176.8m to £200.1m.
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NewsBestway annual profits up 8.5% ahead of Bargain Booze swoop
New Bargain Booze and Wine Rack owner Bestway has posted an 8.5% increase in pre-tax profit from £413.3m to £448.4m in the year ended 30 June 2017.
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NewsPotato storage problems eat into UK profits at McCain Foods
Frozen potato market leader McCain Foods GB grew sales by 3.1% in the year to 30 June 2017
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NewsElla's Kitchen soaring sales offset by currency and cost woes
The company’s most recently filed accounts for the year to 30 June 2017 show a 15.5% rise in sales to £65.7m
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NewsTesco progress surprises market
Tesco beat expectations on almost every measure as it announced its final annual results before the £3.7bn Booker acquisit…
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NewsTayto owner Manderley profits hit despite sales rise
The owner of Northern Irish crisps supplier Tayto has reported a £10m-plus jump in annual sales
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NewsCentral England Co-op reports 46% rise in profits
Sales increased to £848.3m for the year ending 27 January 2017, up by 0.6% from the previous financial year
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NewsCity snapshot: WH Smith improves food offer as performance hold steady
WH Smith (SMWH) has posted pre-tax profit down 1% from £83m to £82m on static group revenue of £643m in the half year to 28 February. Plus, Greene King’s shares rise on bullish profits guidance and all the rest of the latest news from the City.
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NewsTesco's profits jump: what the analysts say
Tesco’s profits jump: here is how analysts and other experts reacted to the results
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NewsKay Group puts soaring profit down to food-to-go innovations
Kay Group puts soaring profit down to food-to-go innovations
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NewsNisa reports 26% sales hike as store numbers increase
The results come ahead of the CMA’s phase one ruling on the Co-op’s acquisition of Nisa, due to be published by 23 April