Results – Page 8
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NewsCity snapshot: Danone price hikes boost sales but Russia seizure triggers €200m hit
Danone has outperformed market expectations as it expanded margins and boosted revenues with price hikes at the expense of volumes. Plus, first-half results from Reckitt Benckiser, Nichols, British American Tobacco and Just Eat Takeaway. And Just Eat reports CFO resignation.
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NewsCity snapshot: Unilever grows margins on pricing increases
Unilever increased its margins in the first half of its financial year, despite €1.6bn of input inflation. Plus updates from Compass Group and Greencore and grocery market share data from NIQ
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NewsCity snapshot: Cranswick lifts outlook as inflation slows
Meat processor Cranswick has raised its annual financial expectations after a “strong” start to the year and signs inflation is starting to slow. Plus, Ocado settles long-running legal dispute with Norway’s AutoStore.
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NewsCity snapshot: Premier Foods vows to hold prices as inflation passes peak
Premier Foods has pledged no further price rises in 2023 as the Bisto, Batchelors and Mr Kipling owner revealed a strong start to the year and declared that the period of soaring costs had peaked.
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NewsCity snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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NewsCity snapshot: Ocado losses grow as M&S retail partnership swings into red
Losses at Ocado have widened in the first half despite revenues growing as the grocery tech group was hit by a range of exceptional costs and battled to get the online M&S partnership on track
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NewsCity snapshot: Virgin Wines UK hits forecasts as it makes strategic progress
Virgin Wines UK is trading in line with expectations, as the under-pressure DTC retailer is set to report falling revenues and profits
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsCity snapshot: Wincanton volumes hit in challenging market
Revenues have declined at logistics provider Wincanton as its grocery, consumer and general merchandise divisions recorded lower volumes amid the ongoing economic headwinds.
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NewsCity snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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NewsCity snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years
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NewsCity snapshot: Return to grocery volume growth boosts Sainsbury’s sales
Sainsbury’s has posted first quarter like-for-like growth of 9.8% as pricing and a return to grocery volume growth boosted revenues.
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NewsCity snapshot: B&M UK first quarter sales up 9.2% on grocery and home growth
B&M Bargain’s owner B&M European Value Retail has posted double-digit first quarter growth driven by strong like-for-like growth in the UK
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NewsCity snapshot: Dekel Agri-Vision profits fall despite record palm oil prices
Profits at Dekel Agri-Vision have fallen despite the company benefitting from record palm oil prices as a poor harvest hit production at the agribusiness group.
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NewsCity snapshot: Associated British Foods lifts profit expectations
Associated British Foods has raised its profit forecasts for the year as the grocery and ingredients divisions benefitted from price rises. Plus, Cake Box is upbeat about year ahead as it reports falling profits and Sainsbury’s announces a £15m investment to cut the price of cupboard staples such as rice and pasta.
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NewsCity snapshot: Warm weather boosts UK retail sales
UK retail sales continued to rise in May after bouncing back to growth in April as warm weather boosted the industry
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NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
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NewsCity snapshot: Record palm oil production for Dekel Agri-Vision as prices start to soften
Dekel Agri-Vision has reported a softening of palm oil prices as it delivered another “strong” month of soaring production.
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NewsCity snapshot: PayPoint profits at top end of expectations after ‘positive’ year
Payments specialist PayPoint has grown revenues by £10m last year and said profits will be at the top end of expectations
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NewsCity snapshot: Rémy Cointreau reports profits rise but warns of US slowdown
Rémy Cointreau has reported a double-digit jump in sale and profits last year, but warned sales growth will be wiped out in the current financial year by a sharp slowdown of consumption in the US