latest – Page 14
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Premier Foods shares surge following upgrade to expectations
Premier Foods shares surged to 12-year highs this week after the ambient supplier beat upgraded expectations
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City snapshot: C&C Group CEO steps down amid €25m hit from software upgrade
C&C Group has announced a change in leadership as it revealed to the City it faces a €25m charge associated with a problematic upgrade of its software for its distribution operations
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City snapshot: Premier Foods profits beat expectations
Premier Foods has posted double-digit annual growth in sales and trading profits as price rises and cost savings mitigated ’exceptionally high’ input cost inflation
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High interest rates take a slice off British Land's portfolio value
The UK’s largest owner and operator of retail parks saw its portfolio fall 12.3% in value to £8.9bn
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Pricecheck reports double digit growth for second year running
Pricecheck said that its core delivered wholesale offering remained the biggest contributor to turnover
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City snapshot: Britvic profit rises following pricing hikes
Robinsons owner Britvic has posted a double-digit rise in profits in the first half, as margins improved on pricing growth and a reduction of marketing spend
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Symington’s profits increase despite drop in sales
The food group’s profits rose in its first full year under ownership of Newlat as it reduced ranges to focus on profitable categories
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Compass Group bolstered by resurgent leisure and tourism markets
Workers returning to the office and resurgent leisure and tourism bolstered the first-half profits and share price of catering giant Compass Group
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Trewithen Dairy slides into the red amid production cost hike
The supplier enjoyed a £10m increase in sales but has faced significant hikes in input costs
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Nomad Foods raises earnings expectations on price-driven growth
Frozen specialist Nomad Foods has nudged up its full-year earnings expectations after double-digit price hikes bolstered first quarter earnings
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City snapshot: Compass lifts full-year profit outlook as pandemic recovery continues in first half
Workers returning to the office have helped Compass boost first-half profits past £1bn as the catering giant continued its recovery from the pandemic
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Oatly hires new CEO to take over from Toni Petersson
Oatly has appointed a new CEO following a difficult two years since the alternative milk brand’s IPO
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Heck reduces range to focus on core, profitable lines
The group has dialled back its category expansion ambitions after falling to a loss last year
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Kraft Heinz raises earnings expectations following price hikes
Price hikes have driven strong growth in first-quarter sales and helped to expand margins
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Sainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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City snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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Grosvenor increases food technology investments
Global property group Grosvenor increased its investment into food and agriculture firms last year, despite the macro-economic headwinds facing the sector
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Coke bottler CCEP to continue raising prices despite easing inflation
Coca-Cola Europacific Partners has said it will continue to take action on pricing in 2023 despite double-digit price increases in the first quarter
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Ornua profits fall despite strong turnover growth
The Irish dairy co-op and Kerrygold owner saw turnover grow by €918.3m to €3.4bn in 2022
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City snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year