latest – Page 80
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NewsGlobal fmcg giants RB, P&G, Nestlé and Unilever report strong results
Recent earnings releases show 2020 is proving to be a good year for global fmcg giants
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NewsTop 150 UK suppliers see sales top £70bn
The OC&C Top 150 report of the UK’s biggest food and drink producers found total aggregate revenues rose by 1.9% in 2019 to a collective £70.3bn
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NewsSamworth Brothers takes sales hit as food to go market suffers
The business also anticipated margins would take a hit and has taken steps to control costs
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NewsCity Snapshot: Coke regains some fizz but future still uncertain
Coca-Cola has slowed its declining revenues in third quarter as easing lockdown restrictions across the world allowed consumers visit cafes and restaurants again. Plus, consumer confidence slumps again in October and the latest figures from the ONS show retail sales grew for the fifth consecutive month in September.
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NewsCity Snapshot: Unilever sales accelerate in Q3 as shoppers keep homes clean in fight against Covid
Unilever has boosted third-quarter sales thanks to shoppers continuing to stock up on Domestos and Cif to battle the coronavirus in thier homes.
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NewsC&C Group falls to first half loss amid pub closures
Beer, cider and wine producer and distributer C&C Group fell to a first half operating loss amid a 55% plunge in revenues as the lockdown and shuttering of pubs hit trading
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NewsP&G benefits from booming demand for home hygiene as Q1 sales fly
Revenues have soared at Procter & Gamble in the first quarter on the back of shopper demand for home hygiene products as the coronavirus crisis continues.
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NewsCity snapshot: Petfood sales spike boosts Nestlé’s third quarter growth
Nestlé has posted third quarter organic growth of 4.9%, driven by strong demand for petfood as well as at-home coffee consumption and dairy. Plus, pub closures send C&C Group to first half loss, PayPoint sells Romanian business and all the rest of the latest news from the City.
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NewsBritvic agrees 20-year bottling deal with PepsiCo
Britvic has reached a deal with PepsiCo for a new and exclusive 20-year franchise bottling agreement
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NewsCity snapshot: Reckitt Benckiser raises revenue forecast as disinfectant sales soar
Reckitt Benckiser has reported strong third quarter revenues as demand for its disinfectant brands remain high and the relaxation of lockdown restrictions around the world helped Durex rise again. Plus, Britvic agrees new 20-year bottling agreement with PepsiCo and also increases profit forecasts for the year.
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NewsBirds Eye sales outdo expectations after shoppers fill freezers
Birds Eye sales powered ahead of expectations as shoppers stocked up their freezers during lockdown.
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NewsCity snapshot: Danone launches full portfolio review to plan for new COVID-world
French dairy giant Danone has this morning announced its intention to conduct a full portfolio review and put assets worth €500m up for immediate sale to tailor its business for a post-coronavirus market.
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NewsBooths reports sales surge thanks to staycation boom
The retailer enjoyed a strong performance at its seven Lake District stores over the summer
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NewsFrieslandCampina UK sees revenues climb by £6.2m last year
The Netherlands-based dairy co-op’s British business saw revenues climb £6.2m to £52.3m in 2019
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NewsCity snapshot: Marston’s to cut up to 2,150 jobs amid new coronavirus restrictions
Pub and brewing company Marston’s is to cut 2,150 roles after the coronavirus lockdown and ongoing restrictions have had a “material” impact on its trading. Plus, new chairman at BAT, Domino’s Pizza sees sales uplift, Distil benefits from drinking at home and all the rest of the latest news from the City.
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NewsCity Snapshot: Just Eat sales surge 46% in Q3 as coronavirus restrictions return
Takeaway giant Just Eat has enjoyed a 46% surge in global sales in the third quarter as the coronavirus pandemic kept consumers at home. Plus, Bakkavor CFO Pete Gates retires, Devro appoints a new CFO, Stock Spirits issues a trading update and Nestle completes its acquisition of Aimmune Therapeutics.
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NewsCity snapshot: Cake Box revenues recover after store reopenings
Cake Box has posted a strong recovery in trading following the lockdown enforced closure of its store estate, with like for like sales up by double digit excluding the closures.
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NewsTesco’s smooth transition to Ken Murphy wins analyst approval
Ken Murphy on Wednesday revealed that sales soared 6.6% in Tesco’s first half to £26.7bn
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NewsRachel’s Organic owner Lactalis Nestlé suffers 11% turnover drop
The supplier saw sales fall £13.5m to £108.3m for the year to 31 December 2019
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NewsCity snapshot: Imperial Brands sees consumers turn to tobacco during Covid crisis
Imperial Tobacco said it has seen stronger than expected tobacco sales volumes during the coronavirus crisis as consumers in Europe and the US have shifted spend to tobacco products.