Results – Page 61
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NewsCity snapshot: Kerry volumes up 3.7% in first quarter
Global taste & nutrition and consumer foods group Kerry has posted 3.7% growth in business volumes in the first quarter of 2018 and reaffirmed its earnings guidance for the full year. Plus, organic net sales fall again at Kraft Heinz, food inflation edges up according to BRC-Nielsen and all the rest of the latest news from the City.
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NewsWage and cost increases cause Pizza Express' earnings to tumble
Industry-wide pressures in the UK have affected Pizza Express earnings despite strong sales growth internationally
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NewsMcDonald's announces UK recruitment drive after 5.5% global sales growth in Q1
McDonald’s has recorded positive sales growth despite concerns in the casual dining sector, and committed to recruiting 1,000 new managers in UK stores.
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NewsSainsbury’s shares surge on Asda deal confirmation
Sainsbury’s shares have hit their highest level for almost four years this morning, surging 15% on the news that the UK’s second and third largest grocers have agreed merger terms.
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NewsSainsbury's posts underlying sales and profits rise but warns over banking arm prospects
Sainsbury’s has reported a rise in annual sales and underlying profits last year, but the group warned a “significant” drop in banking profits will hit earnings in its 2018/19 financial year.
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NewsHill Biscuits records loss despite 11.7% sales rise
Newly filed accounts to 31 December 2016 show sales edged up 0.5% to £19.1m
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NewsCity reacts as Whitbread announces Costa spin-off
One of the City’s longest-running sagas was finally settled this week
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NewsPepsiCo grows sales in first quarter but soft drinks continue to struggle
Sales at US snack and soft-drink giant Pepsico rose 4.3% in the first quarter of 2018, despite struggling soft drink sales.
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NewsPricing drives first quarter growth at CCEP as volumes slide
UK Coke bottler Coca-Cola European Partners has reported a 1% organic growth in sales despite the cold weather and “customer challenges” causing a 2.5% slip in volumes.
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NewsSports nutrition drives 4.8% first quarter growth for Glanbia
Global nutrition group Glanbia has reported 4.8% revenue growth in the first quarter of 2018 at constant currency with a solid performance from its nutrition interests, US cheeses and its joint ventures.
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NewsCoca-Cola Co buoyed by Zero Sugar's double digit growth in first quarter
Increasing sales of healthier soft drinks buoyed Coca-Cola in the first quarter, as it recorded volume growth of 3%.
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NewsReckitt Benckiser tumbles on weak first quarter growth
Household goods giant Reckitt Benckiser (RB) fell sharply as modest first quarter sales growth failed to meet analysts’ estimates.
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NewsBrakes sales rise on Sysco takeover but ebit profits fall 30%
Profits were down 30% pro rata as the business comes under pressure from rising costs and multiple changes in its leadership
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NewsBestway wholesale recovery marred by poor health of Well
Well Pharmacy profits slumped due to less NHS funding and higher wages
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NewsCity snapshot: Reckitt Benckiser like-for-likes up 2% in first quarter
FTSE 100 consumer goods giant Reckitt Benckiser has posted 2% like-for-like sales growht in the first three months of the year, despite weak sales of its Scholl and Dettol brands. Plus, Brakes’ first financial accounts under the ownership of US food distribution giant Sysco show a 30% fall in pro-rata operating profits and all the rest of the latest news from the City.
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NewsP&G quarterly sales up 1% as it seals $4.2bn Merck consumer health acqusition
Sales at US household goods manufacturer Proctor and Gamble (PG) have grown 1% year-on-year in the third quarter, as it announced the $4.2bn purchase of Merck’s consumer health arm
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NewsCity snapshot: Unilever's first quarter underlying sales grow 3.4%
Unilever has posted first-quarter underlying sales growth of 3.4% to reach an overall turnover of €12.6bn (£11bn), driven by 4.3% volume growth excluding spreads. Plus, Nestlé has reported a “solid start to the year” with first quarter organic growth of 2.8%, Pernod Ricard boosted by emerging markets and all the rest of the latest news from the City.
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NewsHeineken’s US and Europe Q1 sales falls mitigated by developing markets
Heineken has posted 4.3% growth in first quarter organic beer volumes, despite plunging sales in the US and Western Europe as the cold weather hit sales in its major markets.
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NewsAnnual sales jump 8% at Tiptree maker Wilkin & Sons amid factory investment
Sales at Wilkin & Sons Limited, the maker of Tiptree jams and marmalades, jumped up 8% in 2017, with new product launches pushing top-line growth.
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NewsCity snapshot: Danone delivers strong start to year with 4.9% growth
Danone has reported a strong start to the year with a 4.9% increase in like-for-like sales growth in the first quarter. Plus, Rémy Cointreau reveals full-year organic sales growth of 7.2%, Heineken beer volumes up 4.3% in the first quarter and all the rest of the latest news from the City.