more results news & analysis – Page 15
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Compass Group bolstered by resurgent leisure and tourism markets
Workers returning to the office and resurgent leisure and tourism bolstered the first-half profits and share price of catering giant Compass Group
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Drinks supplier Global Brands sees surging growth on exports boost
UK independent drinks business Global Brands has posted a double-digit jump in annual revenues on strong growth at home and abroad
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Trewithen Dairy slides into the red amid production cost hike
The supplier enjoyed a £10m increase in sales but has faced significant hikes in input costs
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Nomad Foods raises earnings expectations on price-driven growth
Frozen specialist Nomad Foods has nudged up its full-year earnings expectations after double-digit price hikes bolstered first quarter earnings
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City snapshot: Compass lifts full-year profit outlook as pandemic recovery continues in first half
Workers returning to the office have helped Compass boost first-half profits past £1bn as the catering giant continued its recovery from the pandemic
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Oatly hires new CEO to take over from Toni Petersson
Oatly has appointed a new CEO following a difficult two years since the alternative milk brand’s IPO
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Price hikes at Kraft Heinz drive higher profit expectations
Kraft Heinz has become the latest global food giant to raise profit forecasts after price hikes helped expand margins
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Heck reduces range to focus on core, profitable lines
The group has dialled back its category expansion ambitions after falling to a loss last year
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Kraft Heinz raises earnings expectations following price hikes
Price hikes have driven strong growth in first-quarter sales and helped to expand margins
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Sainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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City snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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Grosvenor increases food technology investments
Global property group Grosvenor increased its investment into food and agriculture firms last year, despite the macro-economic headwinds facing the sector
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Coke bottler CCEP to continue raising prices despite easing inflation
Coca-Cola Europacific Partners has said it will continue to take action on pricing in 2023 despite double-digit price increases in the first quarter
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Ornua profits fall despite strong turnover growth
The Irish dairy co-op and Kerrygold owner saw turnover grow by €918.3m to €3.4bn in 2022
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City snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year
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Huel suffers £10m loss despite sales growth
Losses topped £10m at meal replacement brand Huel last year despite surging sales growth
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City News: THG investors buoyed by possible takeover as losses deepen
Long-suffering THG investors were buoyed by news of another suitor exploring taking the beleaguered group back private, but enthusiasm was dented by heavier-than-expected annual losses just a day later
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Halewood losses hiked by cost of moving JJ Whitley out of Russia
The costs covered repurposing its distillery in Chorley and seeking new glass suppliers amid international shortages
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Cook reports Easter sales up by 24% year on year
Sales at Cook’s 96 retail shops increased by 31% over the two-week period before and after Easter
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City snapshot: Travel rebound boosts WH Smith sales and profits
A strong rebound in UK and international travel has boosted first-half sales at retail group WH Smith, which plans to open 120 more travel stores to tap this growth