more results news & analysis – Page 195
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Greencore benefits from double-digit food-to-go growth
Greencore has posted a 7.4% like-for-like full-year revenue increase on booming food-to-go sales after a period of significant strategic change.
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PomeGreat returns to 'core values' after disastrous rebrand
PomeGreat boss Adam Pritchard has admitted he got it “spectacularly” wrong after a revamp…
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Raisio buys rights to Benecol in the UK ahead of global growth push
Finish food group Raisio has acquired the rights to cholesterol lowering food brand Benecol in the UK, Ireland and Belgium
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B&M in talks to buy stores after 30% first half growth
B&M European Value Retail is in talks with six retailers to buy more stores as it looks to match its rapid revenue growth by expanding its estate.
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SABMiller suffers slight decline in profit margin
SABMiller has reported a fall in first-half profit margins after weak demand in China and competition in the Australian market damaged sales.
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Peroni and Urquell drive 11% hike in Miller Brands UK revenue
A strong performance by world beer brands Peroni Nastro Azzuro and Pilsner Urquell has driven an 11% rise in Miller Brands UK revenues (less excise and similar taxes) in the six months to September.
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Asda will not react to short-term tactics, pledges Clarke
Grocery market upheaval including the continued rise of the discounters was today described as an industry “shockwave” by Asda boss Andy Clarke.
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Bakkavor's UK growth outperforms the market with sales up 3.4%
Fresh prepared foods producer Bakkavor has seen its UK business outperform the market in its third quarter.
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Sainsbury's reports half-year loss as it sets out strategic review
Sainsbury’s has reported a statutory pre-tax loss of £290m for the 28 weeks to 27 September 2014, as it warns the UK grocery market is changing faster than at any time in the past three decades.
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Record £16.6m profits for Carr's Milling Industries
Carr’s Milling Industries has posted record profits following the opening of a new mill last year.
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Raisio UK cereals and snacks business returns to profit
Sugar Puffs parent Raisio saw its UK cereals and snacks business return to profit…
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Today in the City - 7 November
Fever-Tree gains on first day of trading and Morrisons share price rally ends,
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Today in the City - 6 November
Morrisons and Tate & Lyle issue trading updates and Dairy Crest sells its milk business
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Tate & Lyle first half profits collapse by 40%
Tate & Lyle today laid bare the effects of its supply chain disruption and the increased sucralose market competition as its half-year pre-tax profit plunged by 40%.
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Morrisons 'encouraged' despite 6.3% fall in like-for-like sales
Morrisons chief executive Dalton Philips said he was encouraged by the retailer’s strategic progress despite recording a 6.3% fall in like-for-like sales in the third quarter
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M&S accelerating Simply Food openings as food sales rise 3.6%
M&S is accelerating its Simply Food store opening programme, adding an extra 50 stores to add to the 150 it outlined as part of a three-year plan to 2016 last year.
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Booming Primark sales mask sugar woes at Associated British Foods
Associated British Foods recorded a 3% decline in reported annual revenues as a 16% boost to Primark’s sales was pegged back by continued weakness in its sugar division.
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Tesco teeters on junk status as Morrisons rated 'better risk'
Morrisons is a more financially sound business than Tesco with a more coherent turnaround strategy…
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AB InBev hit by slowdowns in US, Russia and China
Global brewing group AB InBev posted below expectation growth this morning, with third quarter revenue rising by 2.3% as overall beer volumes fell thanks to a slowdown in US and China.