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Dutch grocery giant Ahold has reported a 2.5% increase in third quarter sales to €6.9bn. Profits during the period rose 5.3% to €300m. It also performed particularly well in the US, where sales rose 8.5% to $5.8bn.
Tesco has been rapped by the advertising watchdog after ads for its ill-fated Double the Difference price-checking campaign were branded “misleading” and “contradictory”.
Glanbia has issued a robust assessment of trading for the year to date, but warned of weakening demand globally for dairy products.
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