latest – Page 133
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NewsWincanton sees profits jump despite Tesco contract loss
Chief executive Adrian Colman said the group had delivered a “good overall performance”…
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NewsCity snapshot: M&S to slow food openings as profits squeezed by rising inflation
Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis
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NewsCoca-Cola European Partners Q3 sales decline despite demand for Coke Zero
Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.
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NewsSomerdale profits decline as growth slows
Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.
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News2 Sisters slumps into the red in fourth quarter
The company has also warned the recent food safety scandal at its West Bromwich factory would impact its Q1 results
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NewsHigher sugar prices boost profits at Associated British Foods
Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.
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NewsCity unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons
Investors in supermarkets remain a tough bunch to please
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NewsLucozade sales bomb after backlash over lower sugar
Sales of Lucozade Ribena Suntory’s flagship Lucozade Energy drink brand have fallen by 8.4% year on year
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NewsCarlsberg drinks to cost cutting as it raises profits forecasts
The Danish brewer said in a third quarter trading update that its ‘Funding the Journey’ programme was progressing well and total benefits would be about DKK 2bn (£236m).
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NewsKraft Heinz logs first sales rise in more than two years but challenges remain
Kraft Heinz increased sales for the first time since the $100bn merger to create US food giant in 2015.
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NewsHarrogate thirsty to boost retail listings as sales rise 21%
Harrogate Water Brands is eyeing more supermarket listings after posting another year of stellar annual sales…
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NewsMorrisons pledges price freeze on 100 key Christmas lines
Pledge comes as Morrisons reported a 2.5% like-for-like sales increase in the third quarter of this year
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NewsKellogg boosts sales for first time two years
Cereal and snacking giant Kellogg has increased sales for the first time in more than two years as its cost-cutting strategy and expansion into healthier foods showed signs of beginning to work.
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NewsLincolnshire Co-op reports record sales of £312m
The retailer said more chilled food and food-to-go products plus its store refurbishment programme had boosted results
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NewsImprovements to HKS Retail food to go boosts sales 17%
The forecourt operator’s turnover rose to £120.9m for the year ending 31 May 2017…
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NewsCity snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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NewsConnect Group to cut 340 jobs in face of falling sales
The cuts represent 6% of the firm’s 5,666-strong workforce, with the layoffs coming across its combined business in 2018
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NewsCity News: AB InBev merger synergies compensate for underperformance
The world’s biggest brewer AB InBev produced mixed third quarter results on Thursday…
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NewsAB InBev reports 'continued double-digit top-line growth' in UK
The brewer’s EBITDA grew 13.8%, driven by revenue growth and “continued synergy capture” in Q3…