Results – Page 2
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City snapshot: Britvic growth fizzes in first half as volumes rise
Britvic has hailed an “excellent” first-half performance as rising volumes helped the soft drinks giant boost revenues and profits. Plus, interim results from Imperial Brands and Compass Group
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City News: AB InBev shows signs of recovery after North America disruption
The world’s largest brewer AB InBev was up this week on hopes it might be emerging from a torrid time in North America
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City snapshot: Ultimate Products sales drop amid weak consumer demand
Household goods manufacturer Ultimate Products has warned that sales have continued to slow following a “disappointing” Spring
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City snapshot: Beyond Meat sees 18% sales plunge on weakening plant-based demand
Vegan foods pioneer Beyond Meat saw an 18% plunge in first quarter revenues as demand in the category continues to weaken
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City snapshot: Pricing drives growth at AB InBev despite US struggles
The world’s largest brewer AB InBev grew first quarter revenues despite a dip in volumes and ongoing struggles in the US. Plus updates from Henkel, Ahold Delhaize and all the rest of the latest news from the City
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City snapshot: Sainsbury’s forecasts profits of £1bn in 2024 on strong grocery growth
Sainsbury’s has posted an uplift in underlying annual profits and forecast another rise in profits in the current financial year. Plus updates from Unilever, Nestlé, CCEP, WH Smith and more
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City snapshot: PZ Cussons to sell-off St Tropez to refocus group
PZ Cussons is kicking off a sale process for self-tanning brand St Tropez as part of reorganisation of the group. Plus, Reckitt Benckiser, Heineken and Nichols report Q1 numbers, Supreme issues a year-end trading update, and Haleon appoints Tate & Lyle CFO as its new CFO.
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City snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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City snapshot: Danone posts ’good start to the year’ as Q1 sales rise
French dairy giant Danone has posted ‘broad based’ first quarter growth of 4.1% as sales volumes grew to start its financial year
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City snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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City snapshot: B&M annual sales up 10% but growth slows in 2024
Discount retail group B&M European Value grew annual revenues by over 10% to £5.5bn, but the rate of growth has slipped back in the final quarter of its financial year
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City snapshot: Distil fourth quarter sales drop as consumers cut back on spirits
Annual sales were up 17% at listed spirits brand Distil, despite a 47% fall in fourth quarter volumes amid consumer spending pressures
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City snapshot: Focus on value wins over shoppers as Tesco reports bumper sales and profits
A ‘substantial’ easing of inflation has helped drive a double-digit increase in profits at Tesco as the supermarket boosted market share and saw volumes recover. Plus, full-year results for THG and a first-half trading update from Treatt
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City snapshot: Cake Box profits beat expectations
Cake Box has lifted profits ahead of market expectations thanks to a renewed marketing push, a brand refresh and a new online store
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City snapshot: Membership growth boosts sales and profits at Co-op
The Co-op moved back into operating profit last year as strong membership growth and increased like-for-like food sales boosted performance at the group
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City snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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City snapshot: Ocado Retail hails “strong” Q1 performance
Ocado Retail has made a “strong” start to the year as the joint online venture with M&S continued to grow its market shares. Plus, the grocery latest market share data from Kantar and full-year results from Fever-Tree and AG Barr
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City snapshot: Virgin Wines UK confident of meeting full-year profit forecasts
Underlying profits have more than doubled at Virgin Wines UK in the first half as the DTC group implemented a turnaround strategy
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City snapshot: General Mills Q3 profits beat expectations
Profits at US consumer packaged goods group General Mills have risen more than expected in its third quarter as price hikes and cost cutting offset volume declines
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City snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year