Results – Page 55
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News
Bakkavor acquires Haydens Bakery after ‘positive’ first half
Ready meals giant Bakkavor has posted a rise in revenues and profits in its first six months as a listed business and announced the £12m acquisition of sweet bakery products supplier Haydens Bakery from Real Good Food.
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Pret A Manger sales jump 13% amid overseas expansion
The chain recorded a 13.2% increase in sales, to £878.5m, in the year ending December 2017, prior to its £1.5bn acquisition by JAB this May
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City snapshot: McColl's like-for-like sales drop as P&H impact continues
Like-for-like sales dropped at convenience store chain McColl’s as it continued to feel the impact of Palmer & Harvey’s collapse last year, Tesco announces a new non-executive director and the rest of the City news
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JW Filshill reports 2% sales jump in 'competitive' market
The Scottish wholesaler’s pre-tax profits increased 0.9% to £896k
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KP Snacks sales jump 10% after Butterkist acquisition boost
The crisp and nut specialist saw sales jump to £345.7m, driven by its buy-and-build growth strategy
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Campbell Soup Co to sell fresh and international arms
The turnaround plan will see the New-York listed business divest in its overseas and fresh food business, which together make around a quarter of revenues
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News
Arla Foods UK reports 'steady' first half with YOY growth
Growth in the UK was driven by a 6.7% increase in volume sales for Arla’s branded portfolio
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City Snapshot: Total Produce shrugs off 'unusual weather' to post first half growth
Ireland-based global fruit and vegetable distributor Total Produce has posted a rise in first half sales and EBITDA despite the negative impact of currencies and “unusual” weather patterns in Europe. Plus, WH Smith on course to hit full year targets driven by travel growth and all the rest of the latest news from the City.
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News
Pernod Ricard ups profit forecasts as Jameson helps drive growth
The world’s second largest distiller Pernod Ricard increased its profit forecast after profits jumped 6.3% for the year.
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Hain Celestial grows organic UK annual sales by 5%
US food group Hain Celestial has announced a 5% boost to full-year UK sales, driven by a strong performance of its Tilda and Ella’s Kitchen brands.
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News
Princes Gate water sales slump 6% prior to Nestlé acquisition
For the year ending 30 November 2017, the thriving producer saw sales dip 6%, from £14.7m to £13.8m
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Investors keep faith with Sainsbury's despite slower growth
Investors sent Sainsbury’s shares up to a four-year high despite the grocer lagging behind its rivals.
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McCormick UK sales up in first period with French's & Frank's
McCormick bought RB’s table sauce business, including French’s & Frank’s brands, for $4.2bn in August 2017
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City snapshot: Earnings up 29% at Young's Seafood as sale process continues
Youngs Seafood has boosted earnings 29% in the third quarter on the back of cost-cutting as the Grimsby business continues its search for a buyer, Brewdog heralds a period of “substantial growth, and the rest of the news from the City
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News
BrewDog heralds record results with 55% revenue surge
UK retail sales grew 83%, while revenue from BrewDog’s fast-expanding bar division almost doubled, growing 92%
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Higgidy sales fall flat following 'major brand restructure'
Sales at premium pie maker Higgidy flat-lined last year as a major restructure of the brand hit revenues, though sales have picked up in recent months.
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Analysis & Features
Russia World Cup sales boom boosts Carlsberg's second quarter
Denmark may have knocked out in the second round of this summer’s World Cup but the country’s brewing giant Carlsberg had plenty to celebrate this summer.
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News
Crediton Dairy posts 9.7% sales increase to £68.5m
Despite the increase in turnover, its profits took a £1m hit as it focused on R&D
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Asda reports second quarter growth of 0.4%
Asda has now recorded five consecutive quarters of like-for-like growth
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News
Carlsberg upgrades earnings forecast after strong first half
Carlsberg has upgraded its full-year earnings expectations after posting a 5.1% rise in organic net revenue in the first half of the year. Plus, Henkel has downgraded its full year earnings expectations as currencies hit its annual results and all the rest of the latest news from the City.