more results news & analysis – Page 119
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OC&C report reveals highest supplier growth since 2009
Profit margins among the Top 150 are suffering amid escalating input and labour costs
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City snapshot: Growth for UK food and drink suppliers soars 7.5%
UK food and drink suppliers have surged to their highest growth levels since 2009, but profit margins are suffering amid escalating input and labour costs
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Whole Foods Market UK slumps to £8.6m loss following store closures
Whole Foods Market UK slumps to £8.6m loss after store closures
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Carlsberg back in growth as turnaround plan starts to pay off
Carlsberg has ploughed millions into rebranding
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City snapshot: Gusbourne's losses grow as it invests in double-digit growth
AIM-listed English wine producer Gusbourne has posted double-digit growth in the first half of 2018, but losses grew due to investment in capacity. Plus all the rest of the latest news from the City.
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Sales dive 12.5% at Laila's Fine Foods after major contract loss
The manufacturer of frozen and chilled meals had a “disappointing” year, its directors said, as margins also decreased
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Rising costs hit St Austell Brewery profits despite 'record' sales increase
Sales surged, but operating profits drooped amid “challenging” market conditions
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City snapshot: SSP Group shrugs off weak rail sector to post full-year growth
Travel food to go specialist SSP Group (SSPG) expects to post full-year like-for-like growth of between 2%-3% after a solid fourth quarter
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Sales and profits surge at Hotel Chocolat
Sales and pre-tax profits both surged at Hotel Chocolat last year as new store openings and international ventures offset cost increases.
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Commodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.
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City Snapshot: Central England Co-Operative first-half sales rise 3.6%
Sales rose 3.6% at the Central England Co-operative in the first half of 2018 following continued investment into store openings, agricultural firm Carr’s expands with animal health ecquisition and the rest of the news from the City
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Emerging markets volatility to hit Diageo’s profits
Weakness across a basket of emerging markets currencies is expected to reduce Diageo’s 2019 sales and profits, CEO Ivan Menezes has announced this morning.
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Ocado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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Grain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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City snapshot: Cathedral City and Clover drive first half sales growth at Dairy Crest
Cathedral City manufacturer Dairy Crest expects a rise in profits and sales for the first half of 2018, driven by its cheese and spreads, Finsbury Food Group pre-tax profit fall following Grain D’or closure, and all the rest of the latest news from the City.
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Co-op food sales boosted by more competitive prices
Food retail like-for-like sales were up 4.4% in the first six months of the year
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Nespresso drives up Nestlé UK sales as petfood struggles
Nestlé posted a 3.6% rise in UK sales last year, with its Nespresso brand posting double-digit growth, but profits fell back as its key petfood division struggled.
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Innocent Drinks sales boosted by international growth surge
The UK’s biggest smoothie maker Innocent Drinks has posted annual revenue growth of 22% as surging international sales boosted sales to almost £370m.
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City snapshot: Co-op Group first half sales up 10% as food and Nisa deal drive growth
The Co-op Group has this morning announced a 10% rise in first half sales to £5bn driven by strong like for like food sales growth and its acquisition of Nisa. Plus, Connect Group, the logistics company spun out of WH Smith, has announced a profit warning and all the rest of the latest news from the City.
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Berry Bros & Rudd reports £16m sales hike in 'solid' year
Berry Bros had “restructured the balance sheet”, CEO Dan Jago told The Grocer.