latest – Page 142
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NewsC&C Group profits slide on Irish market struggles
Magners owner C&C Group’s profits took a tumble last year thanks to competitive pressures, FX challenges and one-off costs in its Irish homeland.
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NewsPremier Foods moves forward debt targets after accelerating sales
Premier Foods has pushed forward its target for paying down its debts by a year, following better than expected growth in 2017-18.
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NewsCity Snapshot: Premier Foods annual growth surges to 3.6%
Premier Foods heralded its “strongest annual performance in five years” after sales grew 3.6%, driven by double figure growth in international and non-branded sales. Plus, Patisserie Valerie, saw revenues climb 9.1% in its first half and all the rest of the latest news from the City.
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NewsCity News: Morrisons continues stellar recovery
Morrisons may be at risk of becoming the odd one out as the big four morphs into an effective duopoly, but the Bradford-based grocer continued its stellar recovery this week, suggesting it remains more than equipped to succeed on its own.
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NewsSouthern Co-op reveals 2.7% growth in pre-tax profit
The society open 16 new food stores in the year to 27 January
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NewsPotts: Sainsbury's-Asda deal 'will only make us stronger'
The supermarket reported a like-for-like sales rise of 3.6% in the first quarter
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NewsCity snapshot: Morrisons trumpets ‘strong start’ to the year
Morrisons (MRW) has heralded “a strong start to the year” during which it became more competitive while delivering like-for-like sales of 3.6%. Plus, Tesco releases annual report, Coca-Cola HBC posts 4.5% first quarter organic growth and all the rest of the latest news from the City.
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NewsCompass Group shares slide on profits drop
Compass Group has reported a “strong” first-half but subdued trading on the Continent offset good growth in the UK.
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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.