latest – Page 163
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NewsCity snapshot: Earnings up 5% at Tate & Lyle after year of restructuring
Group sales of £2.4bn were 1% higher than the prior year
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NewsMedia Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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NewsCity Snapshot: M&S profits drop 19.5% as it steps up convenience roll-out
M&S saw profit before tax drop 19.5% to £483.3m on revenues up 0.8% to £10.4bn
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NewsCity snapshot: Poultry acquisitions boost earnings at Cranswick
Revenue for the year to 31 March rose by 6.6% to £1.07bn with comparable volumes up 12% in the year
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NewsSlowing Chinese economy hits Aquatic Foods Group
Chinese seafood company Aquatic Foods Group has reported a 7% drop in first quarter revenues reflecting the pressures of the stalling Chinese economy.
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NewsKettle Chips profits fall amid 'intense' competition
Kettle Chips has seen profits fall more than 31% in the UK as intense competition and heavy promotions in the snacking sector ate away at margins.
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NewsCity News: Asda figures offer little cause for optimism
Asda may have already hit its “nadir”, but its first-quarter figures provided little cause for comfort
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NewsDairy Crest enjoys profit boost after liquid milk sale
Processor reports increase in pre-tax profits after offloading dairies division to Müller
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NewsFever-Tree shares fizz to record high
Shares at Fever-Tree have rocketed by more than 18% to record levels after the premium mixer brand said trading had outperformed expectations in the first four months of 2016.
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NewsAsda Q1 sales slide 5.7%
Asda has posted a 5.7% decline in like-for-like sales in its first quarter as the supermarket continued to struggle against “fierce competition”.
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NewsCity snapshot: Booker profits up despite like-for-like sales slip
Operating profit (before exceptional items) was up 11% to £155.1m
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News“Super premium” growth drives up revenues at Miller Brands
SABMiller’s UK and Ireland subsidiary Miller Brands UK saw net producer revenues rise by 5% last year as UK appetite for “super premium” brands Peroni Nastro Azzurro and Pilsner Urquell grew.
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NewsSSP Group profits take off but rail affected by Paris terror attacks
Travel concession group SSP (SSPG) has reported a more than 40% hike in first-half profits as air passenger numbers swelled but trading in railway stations in the UK and Europe slowed in the wake of the terrorist attacks in Paris and Brussels.
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NewsGreencore focus on food-to-go reaps dividends
Double-digit growth in food-to-go helped Greencore push up revenues 8.1% to £691.6m during the first half and raise its dividend.
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NewsCity snapshot: Strong fourth quarter drives Premier Foods to full-year sales growth
Premier Foods has recorded full-year sales growth of 0.6% after a better than expected sales boost of 1.4% in the fourth quarter.
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NewsFentimans' posh pop sales fizz up by more than 25%
Overall sales grew 25% to £19.4m, with a 60% rise in export sales to £6.1m in the year to 31 July 2015…
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NewsLucozade Ribena Suntory posts big jump in profitability
The UK subsidiary of Japanese drinks giant Suntory managed to post a 0.5% rise in value sales
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NewsMoy Park's first quarter revenues hit by falling poultry prices
Moy Park’s first quarter revenues fell 1.6% due to falling poultry prices and its exit from the UK corned beef business, according to parent company JBS.
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NewsRefresco Gerber sales fall as private label volumes tumble
Falling private label volumes at Refresco Gerber have pushed down sales 2.3% in the first quarter as the group turned its focus to co-packing.
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NewsBakkavor reports good start to 30th year in business
Revenues nudge up 1.4% at Bakkavor to £415.8m in Q1 despite falling prices as the food manufacturer manges to shift more volume.