latest – Page 147
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NewsCity snapshot: Morrisons turnaround well under way as profits surge
Morrisons has delivered its first year of like-for-like growth and underlying pre-tax profit since 2011/12
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NewsGrocery deflation hits annual sales at Yeo Valley
Annual sales at UK dairy firm Yeo Valley have fallen back for the first time in six years as industry deflation hit shelf prices.
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NewsUS Customs investigation drives PureCircle to first half loss
PureCircle has slumped to a first half loss amid a double-digit sales plunge after it was denied access to the US market during an investigation by US Customs & Border Protection last year.
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NewsLindt & Sprüngli’s global sales rise by 6.8%
Swiss chocolatier Lindt & Sprüngli has grown global sales by 6.8% to CHF3.9bn (£3.15bn) amid stronger sales in Europe and the UK.
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NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
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NewsCity snapshot: Devro profits sizzle despite volumes fall
Sausage casings manufacturer Devro has reported a double-digit rise in underlying annual profit despite sharply falling volumes
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NewsAB InBev fails to meet expectations thanks to slow growth
AB InBev missed fourth-quarter earnings expectations this week after a performance slump in Brazil
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NewsPoundland returns to like-for-like growth
Steinhoff CEO Markus Jooste said Poundland was “ahead of the value creation plan”
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NewsTotal Produce notches up 9% revenue hike in strong 2016
Supplier reports “very strong performance” in its full-year results
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NewsVimto sales drive 'strong performance' at brand owner Nichols
Vimto “significantly” outperformed the soft drinks category with sales up 4.7%
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NewsMedina Dairy sees return to profitability
Group revenue during the 52 weeks to 30 April rose by £4.1m to £160.9m
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NewsLily O’Brien’s UK growth pushes group sales to record levels
Irish chocolatier Lily O’Brien’s has posted a record turnover of £27m in 2016 thanks to a growing appetite for its premium offering in the UK.
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NewsCity snapshot: AB InBev's growth slows in fourth quarter
Anheuser-Busch InBev has reported revenues growth of 2.4% in 2016, but sales growth slowed to just 0.2% in the fourth quarter
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NewsYoung’s Seafood on track over Christmas despite “exceptional challenges”
Young’s Seafood CEO Bill Showalter said the frozen fish producer has overcome “exceptional challenges” in the run-up to Christmas to remain on track to hit earnings targets.
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NewsMackie's of Scotland grows sales thanks to new chocolate bar range
Entering the chocolate bar market and a consumer shift towards premium ice cream has helped Mackie’s of Scotland boost sales by 7%.
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NewsGreggs rules out 'shrinkflation' as ingredient costs spiral
Greggs CEO Roger Whiteside has promised its staple sausage rolls won’t be affected by ‘shrinkflation’ as the chain seeks to combat the growing threat of rising ingredient prices.
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NewsCity snapshot: Greggs to cut manufacturing jobs as cost pressures mount
Greggs has reported another solid rise in annual sales and profitability, but has announced it will reduce its manufacturing staff base. Plus all the latest news from the City
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NewsMcColl’s vows to continue convenience acquisitions as store numbers break 1,000
McColl’s plans to continue its acquisitive push in the convenience grocery sector, despite having only received regulatory approval for its buyout of almost 300 Co-op stores in the weeks before Christmas.
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NewsAssociated British Food profits lifted by higher sugar prices
Profits sweetened in the first six months of the year but ABF warns that benefits of the weak pound will fade in second half.
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NewsCity snapshot: Restructuring hits Adelie’s bottom line
Adelie Foods has new owners, after a torrid first 18 months of trading saw private equity firm HIG Capital exit the group after making a £15m opperating loss last year. Plus, Lily’s Kitchen, Unilever/Kraft Heinz and all the latest news from the City.