Profit

Greencore has published its full year financial results

Greencore posts £2.3bn sales growth in full-year results

By James Ridler

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 took a hit to its like-for-like food sales and profits last year

Marks & Spencer’s profits dip as food sales fall

By James Ridler

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.

ABF posts sales and profit growth in its interim results

ABF sees £171M half-year profits boost

By James Ridler

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.

Frozen food manufacturer McCain Foods has reported an 8.6% hike in profits

McCain Foods in profits and sales boost

By Noli Dinkovski

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's 2016 results were ‘at the lower end of our expectations’ said ceo Mark Schneider

Nestlé’s growth falls for fifth consecutive year

By James Ridler

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.

Unilever Foods reported sales and profit rises of 3.7% and 1.6% respectively, across the last three months of 2016

Unilever’s food sales and profits rise

By Matt Atherton

Unilever Foods reported a 2.6% rise in underlying profit in its full-year trading update, despite the manufacturer’s operating margin falling 0.3%.

Boparan Holdings - owner of 2 Sisters - reported a sales boost of 5.1% in its first-quarter trading update

Boparan plans for ‘toughest’ year after sales boost

By Matt Atherton

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.

2 Sisters reported 40% increase in profits

2 Sisters owner reports £25M profits jump

By Matt Atherton

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.

A boom in Artisan food sales has grown profit margins of small manufacturers

Artisan food boom grows SMEs profits

By James Ridler

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.

Ivan Menezes announced a 'strong start' for Diageo this year

Diageo reports strong start for the year

By James Ridler

A strong start for the year at alcoholic drinks giant Diageo was fuelled by improved marketing, innovation and commercial execution, claimed ceo Ivan Menezes.

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