latest – Page 75
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NewsNomad Foods reveals strong finish to 2020 as frozen gets Covid boost
In a trading update issued ahead of its annual results next week, the Birds Eye owner revealed organic revenues jumped by 9.5% in the final three months of 2020 as the Uk entered lockdown once more.
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NewsCity snapshot: Total Produce and Dole to float on US stock market
Fruit and veg supplier Total Produce has agreed to combine with Dole Food Company to created the largest fresh producer in the world with revenues of almost $10bn. Plus, profits jump at BAT despite Covid disruption; Nestlé sells North American water brands for $4.3bn; Imperial Brands appoints a CFO; Ahold Delhaize 2020 sales soar thanks to pandemic; and Ohso Chocolate acquired by VC firm.
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NewsCity snapshot: Kerry reports ‘strong recovery’ as year-end sales return to growth
Irish food and nutrition supplier Kerry Group has posted a 4% drop in annual sales in 2020, which it said representing a ‘strong recovery’ since April with improvements in its taste & nutrition and consumer foods divisions.
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NewsJJ Foodservice bucks wholesale trend with sales increase in 2020
Wholesaler put the success down to its ability to diversify its offer at the beginning of the first UK-wide lockdown
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NewsHolland & Barrett digital sales more than double as in-store sales plummet
Sales for its e-commerce arm climbed 103% to £125m in 2019
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NewsOcado’s booming retail sales received short shrift from the City
Where are the customers?” asked one broker as Ocado’s booming retail sales failed to impress investors
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NewsAF Blakemore sales hike balances Covid impact
The business remained in a strong position, said chairman Peter Blakemore
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NewsFinnebrogue dodges GB-NI trade issues and posts strong growth in accounts
Parent Lynn’s Country Foods reported a 21% increase in sales in its latest accounts
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NewsArla shrugs off foodservice sales plunge as branded revenues soar
Many consumers turned to cooking and baking under lockdown, helping to boost sales of Arla’s global brands Lurpak, Arla and Puck
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NewsCity snapshot: CCEP posts double digit drop in annual sales amid out-of-home slump
UK and European Coke bottler Coca-Cola European Partners has reported an 11% drop in annual sales as its away from home volumes have plunged by more than a quarter
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NewsCoca-Cola predicts improved 2021 despite double-digit sales drop
After a difficult year, Coca-Cola’s numbers improved in the fourth quarter
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NewsCity snapshot: Heineken slashes 8,000 jobs as pandemic plunges brewer into the red
Heineken is cutting 8,000 jobs around the world in a €2bn cost-saving drive to reshape the group and kick-start growth in the wake of the coronavirus pandemic.
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NewsOcado loss falls to £44m after bumper retail growth
The online grocer has cut its annual loss by almost 80% amid booming sales during the pandemic, but warned growing costs will continue to constrain profitability
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NewsCity snapshot: Lockdown drives sales boom at Ultimate Products
Ultimate Products has raised its expectations for the year as the boom in online shopping and supermarkets during lockdown continues to benefit the consumer goods group. Plus, Cake Box opens 150th store.
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NewsCity News: Unilever’s shrinking margins cause concern despite growth
At first glance, there was plenty to like about Unilever’s full-year results on Thursday
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NewsCity snapshot: Unilever restores growth targets after end of year sales acceleration
Unilever’s sales growth accelerated at the end of its financial year, enabling it to restore its long term growth targets. Plus, trading updates from Compass Group, Cranswick and Stock Spirits, PayPoint completes acquisition and all the rest of the latest news from the City.
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NewsAvara Foods enjoys solid growth despite pandemic challenges
The poultry giant saw turnover climb by 5.6% in its latest accounts, while pre-tax profit rose 14.3%
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NewsCity snapshot: Gusbourne DTC sales soar during lockdown
Revenues at English sparkling wine producer Gusbourne have fizzed higher as drinkers ordered more from the company’s own website during lockdowns. Plus, Coca-Cola European Partners received clearance from Australian competiton watchdogs for its acquisition of Coca-Cola Amatil.
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NewsSpirit sales in North America uplift Diageo despite closure of pubs
The maker of Johnnie Walker and Guinness surprised the market on Thursday by reporting a 1% rise in organic net sales
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NewsLidl reports £13.6m annual loss in first separate accounts for GB business
The loss after tax came as Lidl GB invested £654m in growing the business in the year ending 29 February 2020, the newly filed full-year accounts reveal