Vimto manufacturer Nichols is poised for UK growth despite cutting its promotional strategy, according to City analyst Panmure Gordon. Nichols' strategy of reducing UK promotional activity appears to be paying off, said Panmure Gordon ...
Tags: Vimto, Nichols, Panmure Gordon
Sainsbury reports first quarter trading statement for 12 weeks to 8 June 2013. Highlights: -Total sales for first quarter up 3.6 per cent (3.3 per cent excluding fuel) -Like-for-like sales for first quarter up 0.7 per cent (0.8 per ...
Dairy Crest is poised for UK growth after the sale of its French spreads business, chief executive Mark Allen has confirmed. Dairy Crest results were 'modestly ahead of expectations', said Panmure Gordon Allen said: "The sale of our ...
Tags: Agriculture, Food
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
Kerry Group booked a double-digit increase in sales and earnings for fiscal 2012, with growth driven by its ingredients and flavours arm. In a regulatory filing released this morning (26 February), the Irish food and ingredients group ...
US poultry group Sanderson Farms has indicated its first-quarter margins remained under continued pressure from high feed costs despite rising poultry market prices. The company said today (21 January) that net sales for the three months ...
Tags: Sanderson Farms, irst-quarter margins, high feed costs
US retail giant Supervalu has clawed itself out of the red for its fiscal third-quarter, but sales dropped 5% due to a "distressed" consumer climate. Net sales for the 12 weeks to 1 December fell by 5% on the same period of last year, ...
Boparan Holdings,the parent company of UK firm 2 Sisters Food Group,has reported a loss in its first quarter due to costs from a site closure but saw underlying profits rise. In the 13 weeks ended 27 October,the company made a net loss of ...
Tags: 2 Sisters Food, Boparan, loss, underlying profits
German retail giant Metro Group has issued a profit warning for the full year amid a "worsening" European consumer environment and its impact on spending. The world's fourth-largest retailer said it expects EBIT before special items to ...
Tags: Metro Group, profit warning, consumer environment, food industry
South African poultry group Astral Foods has booked a 23% drop in full-year earnings on higher grain prices and greater competition from European and South American poultry importers. Net income fell to ZAR392m (US$38m) in the year to end ...
Tags: Astral Foods, drop, earnings, corn costs
UK retailer Asda has booked an increase in second-quarter sales but sales slowed in the most recent three months of its financial year. In the three months to the end of June, excluding fuel, net sales grew 3.2%. Comparable sales, ...
Tags: Asda, sales, financial year, Q2
Efficiency improvements and successful price negotiations are helping meat firm Cranswick offset the impact of rising feed costs,according to City analysts commenting on its interim results for the six months to September 30. Reported ...
Tags: Cranswick, feed costs, input costs
Metro Group reported lower third-quarter profits but its shares climbed after the German retail giant stuck to its forecast for annual earnings, which it had cut earlier this month. The company booked net income of EUR125m for the three ...
Tags: Metro, third-quarter profits, lower, consumer confidence
Danone has today(27 July)confirmed higher raw material costs hit margins in the first half of 2012,six weeks after surprising the market with a profit warning. The French food giant said trading operating margin fell 61 basis points to ...
Tags: raw material costs, margins, net income
Premier Foods plc has booked an increase in first-quarter sales, boosted by the performance of its 'power brands'. For the three months to the end of March, group sales edged up 1.3% to GBP427m (US$689.6m), the Hovis maker reported today ...
Tags: increase sales, power brands, jam, pickles, share price