latest – Page 33
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NewsCoca-Cola exceeds quarterly expectations due to higher prices
The drinks giant got a boost from higher prices that offset a surprise drop in volumes
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NewsCity snapshot: Reckitt’s revenues slide as restructure progresses
Reckitt CEO Kris Licht said its Q3 performance is in line with guidance and it is on track to deliver net revenue and profit targets for 2024. Plus, a Heineken trading update
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NewsLindt loses market share as chocolate prices rocket
The Swiss chocolatier said its Lindor and Excellence brands were performing strongly
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NewsCity snapshot: Virgin Wines returns to profit after cost-cutting mission
Virgin Wines launched several new initiatives last year including new wine discounter Warehouse Wines and a strategic partnership with Ocado
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NewsWhitby Seafood profits dampened by failed Kilhorne Bay acquisition
Whitby’s attempt to buy Kilhorne Bay Seafoods was blocked by the CMA
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NewsCity snapshot: Nestlé downgrades growth forecasts on weak shopper demand
Nestlé has lowered its growth expectations for the year after a disappointing third quarter as the world’s biggest food company struggled with soft consumer demand. Plus, Tate & Lyle shares boom on takeover speculation, and Deliveroo and Pernod Ricard report quarterly results
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NewsBrewDog ‘near return to profit’ founder insists, as pre-tax losses balloon
BrewDog has not recorded a pre-tax profit since the £1.1m it booked in 2019
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NewsGosh loses more sales due to plant-based exodus
Gosh said ‘meat mimics’ were under the most pressure in the market, while losses at Enough doubled in 2023
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NewsRed Bull’s fizz finally begins to flatten
The brand’s volume growth eased in 2023 after rising by around 20% for two consecutive years
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NewsCity snapshot: Just Eat’s UK growth cannot prevent global slowdown
Just Eat Takeaway kept up its strong growth in the UK and Ireland but could not prevent a global slowdown led by North America. Plus, the latest supermarket sales data from NielsenIQ and UK inflation figures from ONS
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NewsBoots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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NewsJohn West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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NewsVibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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NewsGreencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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NewsFreshways continues bounceback with 435% leap in profits
Sales also climbed, by 3% to £359m, according to the supplier’s 2023 accounts
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NewsCity snapshot: Treatt confident in long-term prospects after strong second half
Treatt has maintained profits and sales expectations for the year thanks to strong momentum in the second half. Plus, Waitrose unveils multi-year partnership with Just Eat
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NewsPrime Time’s functional beer tempts crowdfunders after Waitrose debut
The raise values the company at £14m
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NewsBirds Eye loses market share despite revenue boost
Birds Eye has faced stiff competition since brands began piling into frozen foods
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NewsWhittard back in profit as shoppers return to high street
The tea and coffee retailer saw turnover grow 8% in 2023
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NewsKP Snacks defies inflation to double profits in past three years
Pre-tax profits grew £30m last year as the company boosted margin