Results – Page 2
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NewsCity snapshot: AB InBev revenue hits record high
AB InBev’s revenue was boosted by more expensive beers although a 19% fall in volumes in China could worry some investors. Also, Glanbia reports full-year results
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NewsCity snapshot: Unilever CEO Hein Schumacher in shock exit
James Edwardes Jones, an analyst at RBC Capital Markets, said he was ‘gobsmacked’ by Schumacher’s departure. Also, McBride confirms half-year results
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NewsCity snapshot: Kerry Group profits up 8% as prices fall
Kerry said numerous markets remained subdued with performance normalising compared to recent history. Also, British wage growth accelerates
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NewsCity snapshot: Coca-Cola Europacific Partners boosts sales with price rises
Coca-Cola Europacific Partners is set to return €1bn to shareholders following ‘a great end to a solid year’. Plus, the CMA has delivered its findings in the infant formula case this morning
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NewsCity snapshot: Heineken reassures investors with strong results
Heineken says it is set for growth this year after beating its own profit growth guidance in 2024 thanks to a boost in beer sales. Also, Ella Mills buys Allplants brand from administration
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NewsCity snapshot: PZ Cussons shares up 11% despite profit plunge
The owner of Carex and Imperial Leather saw pre-tax profits fall 24% due to a huge depreciation in the Nigerian naira. Also, shoppers are trading down into own label ahead of more anticipated price hikes
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NewsCity snapshot: Diageo’s shares slip after scrapping sales forecast
Diageo shares have slipped in early trading after the drinks giant issued a crucial set of half-year results. Also, supermarket sales keep rising in January
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NewsCity snapshot: Ultimate Products shares crash amid weak consumer demand
Homeware group Ultimate Products is the latest consumer-facing firm to take a hit from the current challenging market conditions as revenues slide on weaker demand for general merchandise
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NewsCity snapshot: John Lewis to fall short of profit targets as Waitrose disappoints at Christmas
Disappointing Christmas sales at Waitrose are to blame for John Lewis missing profits targets over the festive season in a setback for the partnership’s ongoing turnaround
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NewsCity snapshot: Fever-Tree shares up 16% after Molson Coors buys stake
Molson Coors is buying a 8.5% stake in Fever-Tree for £71m as part of a long term partnership in the US, Liberation Labs closes a $50.5m fundraise, and retail crime hits all time high.
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NewsCity snapshot: WH Smith high-street sales slides but Morrisons is on the up
WH Smith’s high-street stores saw sales fall 6% as the company gears up for a potential sell-off. Morrisons delivered its strongest quarter for almost four years
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NewsCity snapshot: Pets at Home revenue slide continues while AG Barr fizzes
Pets at Home’s revenue drop in the third quarter. AG Barr sees double digit profit growth, and shop prices down for second consecutive month.
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NewsCity snapshot: ABF in choppy waters while Chapel Down shows signs of hope
Associated British Foods has cut its guidance for Primark in 2025 while THG says it’s on track after the demerger of its Ingenuity business. Chapel Down posts strong Christmas to offset tough year.
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NewsCity snapshot: Premier Foods and Cranswick boosted by premium desire
Premier Foods raised its profit guidance after a strong Christmas quarter for its branded products, while Cranswick said its premium lines did ‘extremely well’.
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NewsCity snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
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NewsCity Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion
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NewsCity snapshot: Bakkavor and Deliveroo look strong while Poundland woes go on
Bakkavor grew revenue by 4% last year despite strike disruption. Also, Deliveroo see “encouraging signs” from its souped up loyalty scheme while Poundland’s struggles continue.
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NewsCity Snapshot: Ocado Retail scores ‘record breaking Christmas’
The retailer was boosted by more people choosing to do some of their Christmas grocery shopping online, with total UK online spend for the month reaching a record £1.6bn.
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NewsCity snapshot: EG Group set for $13bn New York IPO
Forecourt operator EG Group is readying a $13bn stock market flotation in the US for later this year. Plus, trading updates from Huddled and Eagle Eye
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NewsCity snapshot: Sainsbury’s offers 5% pay rise following ‘biggest-ever’ Christmas
Sainsbury’s is to reward staff with an inflation-busting pay rise after they helped the supermarket deliver its “biggest-ever” Christmas