Results – Page 70
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NewsCity snapshot: Mondelez beats expectations with solid third quarter
Shares in Cadbury owner Mondelez jumped 4.3% in after hours trading after the global snack group reported a stronger than expected third quarter. Plus, UK consumer confidence shrinks in October, FTSE falls on interest rate rise expectation and all the rest of the latest news from the City.
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NewsConnect Group to cut 340 jobs in face of falling sales
The cuts represent 6% of the firm’s 5,666-strong workforce, with the layoffs coming across its combined business in 2018
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NewsCity News: AB InBev merger synergies compensate for underperformance
The world’s biggest brewer AB InBev produced mixed third quarter results on Thursday…
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NewsAB InBev reports 'continued double-digit top-line growth' in UK
The brewer’s EBITDA grew 13.8%, driven by revenue growth and “continued synergy capture” in Q3…
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NewsMPK Garages plans acquisitions despite transaction cost hit
Turnover for the year to 28 February was up 11% to £64m
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NewsCity snapshot: Costa Coffee first half UK sales climb 9.1% but profits slide
Costa Coffee grew revenues by 9.1% in the first half to £622m but significant increases in labour costs, business rates and foreign exchange impacts on coffee imports hit profits. Plus, first quarter revenues slide at McBride, first half volumes up at Distil and all the rest of the latest news from the City
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NewsNew profits warning from Real Good Food
Real Good Food has warned it is likely to post a loss in the current financial year commodity price increases and labour costs have hit earnings.
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NewsP&G reports sluggish growth in first quarter
Procter & Gamble got off to a slow start in its new financial year as sales came in below expectations as sluggish growth continued to plague global consumer goods giants.
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NewsReckitt restructure baffles City analysts
A surprise radical restructure at Reckitt Benckiser left analysts scratching their heads this week
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NewsQuorn capitalises on meat-free popularity with revenue jump
Quorn is back in double-digit growth as demand for meat-free alternatives continues to boom in the UK and overseas…
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NewsHarrods sales pass £2bn as tourists make most of weak pound
Harrods expects capital expenditure to continue to increase over the coming years
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NewsAF Blakemore hails "good solid result" of 1.4% sales increase
The Spar wholesaler said it recorded sales of £1.3bn for the 53 weeks to 30 April
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NewsReckitt Benckiser restructures as sales decline again
Reckitt Benckiser revealed today it was restructuring the group into two distinct divisions as consumer healthcare and hygiene giant trimmed its full-year forecasts again as trading continued to be challenging.
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NewsFirst Milk 'completes turnaround' as operating profit doubles
New business strategy, divesting loss-making subsidiaries, and improved operational performance helped turn fortunes around
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NewsBurton's mulls Fox's tie-up as sales plunge
With a long-mooted tie-up with Fox’s Biscuits in an IPO reportedly back on the cards, newly filed accounts for Burton’s Biscuits show sales and underlying profitability has fallen once again.
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NewsBakkavor profits up 8.1% as it heads towards November float
Underlying profits in the first half of 2017 jumped 8.1% to £77.7m
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NewsTyrrells profits sank 45% in Amplify Snack Brands sale period
Profits at snack brand Tyrrells almost halved in the period of its £300m sale to Amplify Snack Brands
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NewsCity News: Booker shares steady ahead of CMA decision
The City was unmoved by a healthy first half at Booker as investors awaited the preliminary decision by the CMA
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NewsLoss of major customer hits Cott revenues
Cott Beverages’ revenues tumbled as it battled a declining UK fizzy drinks market and lost a private-label contract
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NewsConcha y Toro profit hit by weak pound and higher costs
Results for the year ending 31 December 2016 show operating profits fell £306k to £3.2m