latest – Page 83
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NewsPetfood and coffee pods drive sales and profits at Nestlé UK
Surging growth in pet food and Nespresso helped Nestlé’s UK sales rise last year, despite a slump in the bottled water market
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NewsDanish Crown UK stays bullish despite sales and profit decline
The disruption caused by the African swine fever pandemic in China led to a fall in the amount of pork imported
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NewsLotus Bakeries’ UK snacks brands hit by lockdown sales drop
Nakd, Trek and Bear owner Lotus Bakeries increased sales in the first half of the year despite the coronavirus lockdowns hitting the performance of its UK snacks brands.
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NewsAsda sets sights on one million online delivery slots by next year
The retailer has seen digital sales surge and is expanding its delivery partnership trial with Uber Eats
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NewsCity snapshot: Meaty sales growth at Cranswick during coronavirus lockdown
Cranswick has upgraded its outlook for 2020 as lockdown and stockpiling sent sales soaring by more than 20% in the first quarter.
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NewsSurging sales at Just Eat Takeaway.com come at a cost
A flurry of orders from consumers stuck at home saw food delivery giant Just Eat Takeaway.com post surging sales in the first half of the year – but growth came at a substantial cost.
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NewsPladis profits soar as global revenues pass £2bn
Profits have soared at McVitie’s owner Pladis Foods after it lifted revenues above £2bn.
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NewsThorntons loses £35m as sales drop amid retail closures
Chocolatier Thorntons lost a further £35m last year, taking its total losses to more than £100m since being bought by Italian confectionery giant Ferrero
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NewsCity snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
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NewsLockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.
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NewsRetailer profit warnings slow after record first quarter
Some 38 profit warnings were issued by FTSE retailers in the first quarter but only nine from April to the end of June, according to the latest data from accountancy firm EY
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NewsWeetabix sales boost not enough to offset foodservice slump at owner Post
A third-quarter bump in sales was not enough to keep Post Holdings in growth
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NewsCity News: Diageo shares under pressure as results fail to meet expectations
Shares in the world’s largest spirits group Diageo came under pressure this week as its annual results undershot meagre expectations and it took £1.3bn of coronavirus-driven writedowns.
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NewsNomad Foods on the acquisition trail as frozen sales soar in wake of coronavirus
Reported revenues jumped 11.4% to €599m (£541m) in the second quarter of 202
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NewsLucozade Ribena Suntory shifts to its drink-later portfolio to offset Covid-19 trading hit
The dramatic collapse in footfall on the high street depressed demand for impulse soft drink purchases with consumers stuck at home
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NewsCity snapshot: Out of home closures hit first half trading at Coca-Cola European Partners
Great Britain Coke bottler Coca-Cola European Partners has reported a 26% revenue slump in second quarter as the closures of food to go outlets hit trading across Europe. Plus , McColl’s falls to first half loss, trading updates from Naked Wines and Hammerson and all the rest of the news from the City.
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsLockdown and writedowns halve Diageo’s annual profits
Annual profits at global spirits giant Diageo have almost halved amid write-downs of £1.4bn and an 8.4% slump in sales due to closure of pubs and restaurant, the cancellation of sporting events and a plunge in travel retail.
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.
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NewsOC&C Global 50 shows the fmcg giants in good health
The world’s 50 biggest fmcg companies continued their resurgence before lockdown hit, posting their highest levels of organic growth since 2015