latest – Page 229
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NewsProfits dive 70% at New Britain Palm Oil
One of the world’s largest integrated suppliers of certified ‘sustainable’ palm oil has suffered a 13.2% decline in sales as pre-tax profits plummeted 70.4%, despite it winning growing share of the UK market.
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ABF results to be boosted by UK sugar and Primark
Associated British Foods will report better than expected interim results next month, following “outstanding performance” at clothing retailer Primark and good revenues from UK sugar, despite the decline of UK sugar production. UK sugar production for the current year has fallen, the company said in the pre close trading update, ...
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NewsThorntons profits soar, but own store sales take a tumble
Thorntons has revealed a 70% boost in half-year pre-tax profits.
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NewsPremier Foods results 'reassuring' despite Clarke departure
Premier Foods shareholders were treated to “reassuring” full-year results this week…
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NewsHovis has a future in Premier says Darby
New boss Gavin Darby has vowed not to “slice and dice” Premier Foods…
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Premier power brand sales and profits up
Sales of Premier Foods ‘power brands’ grew 2.1% last year - contributing to a 10.6% hike in profits to £123.4m.
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NewsWhy should we pay for your mess, consumers ask
Any thoughts that outrage over the horse meat scandal might encourage shoppers to pay more for food can be forgotten…
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NewsOcado dividing opinion as it reports small full-year loss
Ocado continued its good run on the stock market this week after reporting a small full-year loss…
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NewsMcBride back in profit despite sales fall
McBride is back in the black despite reporting an 11% fall in half-year sales.
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NewsDairy Crest suffers slowdown in growth for key brands
Dairy Crest is on track to grow its four key brands this year, as it continues to “cope well” in a challenging environment, the company claims.
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NewsGSK puts Lucozade and Ribena under review
GlaxoSmithKline is reviewing “all strategic options” for its Lucozade and Ribena brands as it continues to overhaul its European business.
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NewsPromotional slump blamed for crash in beer sales
Beer sales have plunged to their lowest in 14 years, hit by a fall in promotions and a consumer shift to other drinks…
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NewsYoomoo frozen yoghurt a £20m brand within five years, says R&R
R&R Ice Cream is targeting £20m in sales from its fast-growing frozen yoghurt brand Yoomoo…
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NewsWholesalers face up to falling profits as the Big 30 is revealed
The average profit margin of the UK’s 30 largest grocery wholesalers has shrunk from 1.7% to a fragile 1.5%…
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NewsSobering truth revealed as Christmas alcohol sales plunge
UK consumers enjoyed their most sober Christmas for years as total off-trade alcohol volumes fell…
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NewsImperial Tobacco warns black market growth will hit profits
Imperial Tobacco has warned that the growing black market cigarette trade in Europe will dent its profits, despite witnessing a modest rise in tobacco sales in the first quarter of its financial year.
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NewsRetail research project launched to tackle shrinkage
Industry heavyweights have declared war on shrinkage after levels shot up 6.6% last year alone…
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NewsFlat half-year sales for Diageo in UK
Diageo remained bullish on it half-yearly figures, despite flat sales in the UK and “chronically weak” figures in Southern Europe.
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NewsUnilever breaks €50bn annual turnover mark
Sluggish demand in Europe has done little to upset growth at Unilever…
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NewsMarmalade maintains popularity at Waitrose and Fortnum & Mason
Waitrose and Fortnum & Mason have both bucked the downward trend in marmalade sales…