latest – Page 57
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NewsLindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCity snapshot: Greggs bounces back to profit but warns over soaring costs
A busy warning sees return to strong growth, but warn over costs, retail data from , - and Barclaycard, and annual results from and Domino’s Pizza Group.
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsHotel Chocolat enjoys bumper first-half results despite inflationary pressures
Revenues jumped 40% higher to £142.9m in the 26 weeks ended 26 December as it won over new customers in the UK and US.
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsMackie’s of Scotland enjoys record year but inflation set to squeeze profits in 2022
Scottish ice cream brand Mackie’s has delivered record sales and profits despite the challenges of lockdown and spiralling costs.
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NewsHow the stock market has reacted to Russia’s invasion of Ukraine
Global stock markets crashed on the news of Russia’s invasion, but focus has begun to centre on those companies most exposed to upheaval in the region
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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NewsCity News: Danone posts strong growth but inflation dampens excitement
Danone posted its strongest quarter growth for seven years on resurgent bottled water sales and rising prices, but inflation and the prospect of tightening margins kept a lid on City excitement
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NewsCovid dampens sales growth at Halewood Artisanal Spirits
Premium booze player Halewood Artisanal Spirits has seen a sharp reversal of its previously strong growth
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NewsCity Snapshot: Nomad posts annual growth despite organic sales decline
Frozen specialist Nomad Foods posted a fifth successive year of headline and profit growth, despite an organic sales decline amid a “difficult operating environment”
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NewsCity Snapshot: Danone enjoys strong end to 2021 but inflation squeezes margins
Danone has registered a strong end to its financial year as a recovery in bottled water and higher prices pushed up sales, but inflation squeezed margins.
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NewsCity snapshot: THG denies supplier stock restrictions as share price plunges
THG has this morning denied media reports that key beauty suppliers are restricting stock over concerns around discounting, as market concerns again hit its share price. Plus trading updates from Coca-Cola HBC and McBride.
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NewsYoplait sales fall back as it refocuses on kids’ business
Yogurt brand Yoplait UK saw a 7.5% drop in sales in the run-up to its sale back to Sodiaal amid a “challenging” period for the brand
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsTrewithen Dairy reports sales growth of 8% in latest results
The company, which supplies a range of Cornish dairy products, generated pre-tax profits of £1.6m in the 12 months to 30 April 2021
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NewsCity snapshot: Nestlé posts strong growth but inflation hits margins
Nestlé has reported strong annual growth in 2021, driven by continued retail growth and a recovery in out of home, though profit margins were hit by cost inflation. Plus Ocado and Groupe Casino deepen partners and Reckitt’s margins hit by costs.
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NewsKraft Heinz boosts sales with higher prices
Kraft Heinz is the latest fmcg giant to rely on price hikes to lift sales and protect margins against increased input costs