In the corrugated giant's first half of the year statement published today (31 July), chief executive Gary McGann said the growth was the result of improved pricing, continued cost take-out and enhanced efficiency programmes. Revenue for ...
The beverage can specialist today posted a 1% year-on-year increase in sales for the first half of 2013, at £1.97bn, while pre-tax profit slipped 2% to £169m. The London-based group said that global growth in beverage can ...
Tags: beverage, Agriculture, Food
Although the Norwegian company Moelven recorded an operating result of +NOK11.1m for the second quarter of 2013, its pre-tax profit remains negative at -NOK14.4m. The quarterly sales revenue for the period of April to June almost matched ...
Tags: lumber, Construction
Thorntons chief executive Jonathan Hart expects further growth from supermarket sales in the coming year, he told FoodManufacture.co.uk, after the company posted strong fourth quarter growth in the division including that area. ...
Tags: Agriculture, Food, cady
Mystery surrounds recent reports that Premier Foods has sold £100M worth of its debt to US private equity house Apollo Global Management. Premier Foods brands include Hovis, Mr Kipling and Ambrosia The story originated from US ...
Paragon Quality Foods – the food manufacturer formerly at the centre of a row about pork in halal lamb burgers – has reported a 20% increase in turnover for the year ended February 28 2013. Paragon Quality Foods posted a ...
Tags: Food contamination, Paragon Quality Foods, Horsemeat crisis
The average bicycle retail store earns annual pre-tax profit of 5.5 percent, but the top 25 percent bring home nearly three times that. Is this really possible? If so, how do they do it? Aggressive marketing? Super staff training? ...
Tags: Bike Stores, Profit
Iceland Foods has big plans for its processing arm and exports that will put reports of falling annual profits and weak sales growth into perspective, according to one director. The discount frozen food chain bought manufacturer Loxton ...
Tags: Agriculture, Food
In results published this morning, RPC revealed that sales for the year to 31 March 2013 slipped to £1.05bn, from £1.13bn the previous year. Pre-tax profit fell to £40.3m compared to £59.6m a year earlier. The ...
Tesco continues to struggle across Europe, with like-for-like sales excluding petrol down 5.5% as “tough economic conditions, challenging competitors and over-dependence upon out-of-favour hypermarkets” take their toll. ...
Tags: chilled convenience meals, frozen beef, Tesco, Darren Shirley
Food producer Cranswick is in “a strong UK position” after reporting revenue up by 7% to £875M for the year to March 31, according to City analysts. Damian McNeela, analyst with Panmure Gordon, said: “We ...
Tags: Full year results, Cranswick, Meat, Pork
MGP Ingredients, a Kansas-based independent supplier and producer of premium distilled spirits, has reported 2.3% decline in distillery products sales to $70.8m in the first quarter (Q1) ended 31 March 2013, against the sales during the ...
Tags: MGP Ingredients
In first quarter results published this morning (3 May), the group reported that revenues for the period rose by 4% year-on-year to €1.89bn, while EBITDA profit slipped 2% to €241m. Pre-tax profits, meanwhile, fell to €57m ...
Tags: Smurfit Kappa, Packaging
The UK’s largest poultry processor Moy Park has announced a strong recovery in trading performance for last year, with pre-profits up to 24.4M for 2012 for 2012, compared with 4.8M in 2011. Moy Park delivered a strong performance in ...
The boss of Britain's biggest food manufacturer Premier Foods Gavin Darby says the firm has too many suppliers. Premier Foods' Power Brands recorded their fifth successive quarter of sales growth. But doubts remain about the firm's debt ...
Tags: Agriculture, Food