latest – Page 40
-
NewsCity snapshot: Price hikes mitigate sales volume drop at Nomad Foods
Frozen Foods specialist Nomad Foods grew sales to almost €3bn last year as acquisitions and price growth mitigated a fall in sales volumes
-
NewsCity snapshot: Supermarket Income REIT sees portfolio valuation drop as interest rates bite
Listed supermarket property investor Supermarket Income REIT saw the valuation of its portfolio drop by double digits amid steeply climbing interest rates and wider economic slowdown
-
NewsCity snapshot: Price rises lift sales at Danone but margins fall on higher costs
Danone has boosted annual revenues on the back of higher prices but soaring costs squeezed the French food group’s profit margins. Plus, a pre-close trading update from Science in Sport.
-
NewsCity Snapshot: Finsbury Food Group ‘encouraged’ by double-digit first half growth
Finsbury Food Group has posted an ‘encouraging’ first half performance as pricing drove revenue growth and profits were flat as margins reduced due to cost inflation
-
NewsCity News: Nestlé’s promise of improved profitability does little to reassure investors
Nestlé’s guidance towards improved profitability this year did little to ease investor concerns around a sharp underperformance of fourth quarter sales volumes, as well as the impact of ongoing price hikes
-
NewsCity snapshot: Nestlé targets margin improvement after cost inflation dents profitability
Nestlé has targeted margin improvement in 2023 despite ongoing cost inflation after soaring input costs dented profitability in 2022. Plus updates from CCEP, Pernod Ricard, Kerry Group and SSP Group
-
NewsMorrisons’ credit rating slashed amid concerns over leverage
Morrisons’ credit rating has been downgraded in response to disappointing sales and profits at the private equity-owned supermarket
-
NewsKraft Heinz warns of more price hikes in 2023 to combat higher costs
Kraft Heinz is the latest global consumer packaged goods group to report a strong double-digit jump in the fourth quarter of 2022 thanks to hefty price rises.
-
NewsCity snapshot: UK inflation slows for third consecutive month
Inflation has eased for the third month in a row but food price rises show no sign of slowing down. Plus, Heineken reports higher-than-expected profits
-
NewsCoca-Cola beats expectations as higher prices lift revenues
Coca-Cola has revealed a strong set of fourth quarter and full-year results as consumer stuck with the soft drinks giant’s range of beverages despite inflated prices.
-
NewsCity snapshot: Price hikes drive sales and profit growth at Coca-Cola HBC
European Coke bottler Coca-Cola HBC has posted strong top-line and profit growth on double-digit price hikes and cost control
-
NewsAvara Foods slumps to loss amid ‘inflationary pressures not seen for a decade’
The poultry supplier saw a £16.9m profit swing to a £16.1m loss during the 2021/22 financial year
-
NewsCity News: Unilever warns of further price hikes
Unilever warned the market that further price hikes are on the way despite double-digit price inflation in 2022, but investors were reassured by the consumer giant’s full-year results on Thursday
-
NewsCity snapshot: Kellogg’s scraps sale of MorningStar Farms amid falling plant-based valuations
Kellogg’s has scrapped plans to spin off or sell its plant-based division MorningStar Farms amid a plunge in the valuation of competitors in the sector
-
NewsArla warns of tough year ahead after 2022 trading ‘volatility’
The dairy giant saw branded volumes fall last year as the cost of living crisis kicked in
-
NewsCity snapshot: Unilever warns of further inflationary pressures after double-digit price hikes in 2022
Unilever has warned that it will take further pricing action in 2023 to cope with continued inflationary pressures despite pushing through double-digit price hikes in 2022. Plus updates from Compass Group, British American Tobacco and Arla
-
NewsMackie’s profits melted by surging costs despite record market share
Profits have slumped at Scottish ice cream maker Mackie’s despite the brand boosting market share to its highest-ever level as surging costs squeezed margins.
-
NewsCity snapshot: Price rises boost PZ Cussons sales but volumes and margins decline
PZ Cussons has delivered a ’robust’ performance in the first half as its transformation continued. Plus, Cellular Goods reveals its proposed acquisition of CBD player Cannaray has collapsed, and Tate & Lyle unveils a new five-year framework
-
NewsCity snapshot: Shoppers cut back grocery spending post-Christmas
British shoppers are reining in grocery spend post-Christmas, as UK supermarkets experienced a continued decline in volume sales during January
-
NewsThis named fastest-growing food brand in Fast 50 ranking
The brand’s rapid growth and heavy investment has propelled it to the top of Alantra’s annual Fast 50