Soft drinks manufacturer Nichols predicted a 9% boost in sales for its Vimto brand in its trading update for the year ending December 31 2017, but warned conflict in Yemen was damaging profits.
Convenience food manufacturer Greencore has revealed sales growth of 56.5% over the past year to £2.3bn in its full-year results, boosted by a rise in US sales following the acquisition of US firm Peacock Foods at the end of last year.
Marks & Spencer’s (M&S’s) £312.4M fall in profits in the year ending April 1 2017 exceeded market expectations, according to market analysts, as like-for-like food sales for the retailer fell.
Associated British Foods (ABF) saw a £171M boost to its operating profits in its interim results posted today, boosted by its ingredients and grocery businesses.
Oven chip maker McCain Foods GB has reported an 8.6% hike in profits just weeks after revealing plans to invest more than £100M in its Scarborough factory.
Nestlé has posted its fifth consecutive year of falling organic growth – after a “challenging year” in the UK – in its latest financial results for the 12 months to December 31.
Boparan Holdings – owner of 2 Sisters Food Group – is preparing for “one of our toughest” years, warned ceo Ranjit Singh, after the food giant’s parent company reported an 11.9% rise in operating profit to £19.8M in the 13 weeks to October 29.
UK bakery sales for Finsbury Food Group fell by 4% in the first four months of the new financial year, while its Overseas division reported sales up by 36.5%.
2 Sisters’ parent company Boparan Holdings reported a 40% increase in like-for-like operating profit to £25.3M in its fourth-quarter trading update, despite the uncertain market following the Brexit vote.
An artisan food “boom” has helped grow profit margins of small and medium-sized enterprises (SMEs) to 6.8% of turnover over the past year, according to research by law firm EMW.
A strong start for the year at alcoholic drinks giant Diageo was fuelled by improved marketing, innovation and commercial execution, claimed ceo Ivan Menezes.
Nestlé reported a significant growth slowdown in China in its half-year trading update, despite announcing good growth throughout the rest of the company.
Greencore’s food-to-go strategy is working well, both at home and in the US, claims ceo Patrick Coveney, as the manufacturer posted half-year group revenue up by 7.5% to £691.6M.
Tesco is back in the black as pre-tax profits hit £162M, in its full-year results, up from the £6.3M deficit on the previous year, as the nation’s biggest retailer pledged to continue to work “more closely” with suppliers
2 Sisters’ owner Borparan Holdings claims its “Better before bigger strategy”, is starting to pay off, after posting operating profit up by £26.4M to £22.1M for the 13 weeks to January 30 2016.
Devro’s restructuring exercise looks to be working in returning the Scottish collagen product maker to profitability, as the group posted profits before tax of £9.6M for the first half (H1) of 2015.
Ocado faces a key profitability problem, despite speculation that the online supermarket and distribution business is poised to agree an international deal, according to leading City analysts Shore Capital.
Tesco has agreed to pay ceo Philip Clarke £1.2M and chief financial officer Laurie McIlwee £970,000 in damages, having suspended payments following their 2014 departure from the business.
Food fraud is costing UK food and drink manufacturers a whopping £11.2bn a year, equivalent to 85% of their total profits, a report from the University of Portsmouth has claimed.
Anti-competitive behaviour from Associated British Foods (ABF) has stunted The Real Good Food Company’s (RGFC’s) final year sales, its chairman has claimed.
Boparan Holdings, the holding company for 2 Sisters Food Group, has reported strong progress in its third financial quarter (Q3), with its protein division contributing significantly to sales and profitability.
Nestlé ceo Paul Bulcke has predicted a tough year ahead, as the manufacturing giant revealed total sales of CHF92.2bn for 2013, up by 2.7% on the previous year.
Dairy and beverages giant Danone is targeting €200M (£172.7M) in savings in Europe by 2015 by “adapting its structures and costs” as the tough economic climate continues to bite.
Chilled convenience food firm Greencore is likely to see more growth from its US business than its UK operations this year, according to City analyst Investec.
News that debt-laden giant Premier Foods plans to axe 900 jobs, close two bakeries and restructure its distribution system was greeted with fury by unions and applause by City analysts.
Sausage skin manufacturer Devro reported strong demand for its collagen sausage castings, which were offset by rising costs and adverse currency factors, according to its latest interim management statement covering the period from July 1 to October 22.
Chocolate manufacturer Thorntons has defended its decision to rebalance its business in a bid to restore profitability following a slump in profits during the all-important Christmas period.
Higher cheese prices and profits from property sales helped Dairy Crest to a strong financial performance for the period ending September 30, according to city analysts.
Uniq’s troubled desserts division lost a further £1.1M in the past six months, prompting more doubts about the future of its Minsterley production site.
Strong growth in global meat consumption and the opportunity to convert manufacturers from natural to collagen casings are two factors underpinning Devro’s strong interim results, said City analysts.
Unilever has beat analysts' expectations with a 5.1% rise in underlying sales in the fourth quarter, but said operating margins were dented by commodity price hikes.
Northern Foods is now contemplating selling its Fenland Foods factory in Grantham after using it as a testing ground for new technologies to be installed at its other sites.
Pre-tax profit at Northern Foods could slump 28% in the first half, despite a 3% rise in like-for-like sales, analysts at Panmure Gordon have predicted.
