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Tag "financial performance"

Greencore Shows Resilience

    Greencore Shows Resilience

Greencore, one of the leading players in the UK convenience foods market, has increased revenue by 8.7% to £804.2 million, and by 4.3% on a like for like basis, for the year ended 30th September 2011. However, group operating profit from continuing operations at £51.5 million was flat and the operating margin slipped to 6.4% […]

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Record Results at Greene King

    Record Results at Greene King

Greene King, the British regional brewer and pub group, has increased operating profit before exceptionals to a record £115.6 million in the 24 weeks to October 16th 2011 on revenue up 9.0% to £527.5 million. Profit before tax and exceptional items rose 5.6% to £77.2 million.
 
Founded in 1799 and headquartered at Bury St Edmunds in England, […]

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Marston’s Increases Sales and Underlying Profits

    Marston’s Increases Sales and Underlying Profits

Despite the difficult economic environment, UK regional brewer and pub operator Marston’s increased revenue by 4.8% to £682.2 million in the 52 weeks to October 1st 2011, with improvements in all three of its trading divisions – Marston’s Inns and Taverns, Marston’s Pub Company and Marston’s Beer Company. Group underlying operating profit increased by 3.8% […]

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Solid Performance by Britvic

    Solid Performance by Britvic

Buoyed by volume and sales growth in Great Britain, France and its other international markets except Ireland, Britvic sold 2.1 billion litres of soft drinks in the 52 weeks ended October 2nd 2011 and increased operating profit (EBITA) before exceptional and other items by 4.3% to £138.1 million on revenue up by 14.6%, at constant […]

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Interim Profits Surge at Remy Cointreau

    Interim Profits Surge at Remy Cointreau

Reflecting sales growth across all its geographic regions, French spirits group Remy Cointreau has increased current operating profit by 27.3% (up 30.7% organically) to Eur106.2 million for the first six months ended September 30th 2011. Turnover at Eur474.9 million rose by of 10.9% compared with the previous period and by 18.1% organically. The group’s own […]

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Developing Markets Drives Sales and Earnings Growth at SABMiller

    Developing Markets Drives Sales and Earnings Growth at SABMiller

Global brewer SABMiller has increased lager volumes by 3% on an organic basis for the six months to September 30th 2011 led by robust growth in Latin America, Africa and Asia. Reported group revenue rose by 10% to $15.69 billion with organic, constant currency revenue growth of 6%. EBITA also grew by 10% to $2.70 […]

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Barry Callebaut Outperforms Global Chocolate Market

    Barry Callebaut Outperforms Global Chocolate Market

Barry Callebaut, the world’s leading manufacturer of cocoa and chocolate products, has again outpaced the global chocolate market with an increase in sales volume of 7.2% to 1,296,438 tonnes in the last fiscal year 2010/11 ended August 31, 2011. All Regions and Product Groups contributed to this growth.
 
The weakening of various currencies against the Swiss […]

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Rising Input Costs Impact Profits at Cranswick

    Rising Input Costs Impact Profits at Cranswick

Cranswick, one of the leading UK suppliers of pork products, has reported a 23% drop in operating profit to £19.0 million on revenue up 3% to £393.9 million for the six months ended 30 September 2011, compared to the corresponding period in the previous year. Operating margin at 4.8% of sales was also below the […]

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Sugar to Fuel Earnings Increase at Sudzucker

    Sugar to Fuel Earnings Increase at Sudzucker

Europe’s largest sugar group Sudzucker expects to increase annual revenue to around Eur6.5 billion in 2011/12, up from Eur6.2 billion in the previous year, and achieve an operating profit of more than Eur600 million, against Eur519 million in 2010/11. The boost in earnings will be driven predominantly by the group’s sugar segment.
 
Sudzucker increased group revenues […]

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Shepherd Neame Achieves Record Sales

    Shepherd Neame Achieves Record Sales

Shepherd Neame, the Kent-based English brewer and pub operator, increased turnover by 5.2% to £121.3 million and operating profit before exceptionals by 3.3% to £12.3 million for the year ended June 25th 2011. The company’s total beer volume was up 4% against an overall decline of 7.1% in the UK beer market. Own beer volume […]

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Record Sales For Highland Spring

    Record Sales For Highland Spring

Helped by the acquisition of Greencore’s bottled water business in March 2010, Highland Spring increased turnover by 26% to £69.3 million and operating profit by 6% to £4.6 million for 2010. However, Highland Spring’s net profit for 2010 dropped 34% to £2.7 million.
 
Based at Blackford, Perthsire in Scotland and owned by the Dubai-based Al Tajir […]

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Bonduelle Predicts Growth Despite Profits Fall

    Bonduelle Predicts Growth Despite Profits Fall

Bonduelle, world leader in processed vegetables, has reported at 10.7% rise in turnover to Eur1.73 billion for the year ended June 30th 2011 but operating profit before taxes dropped 22.8% to Eur80.7 million. The sales growth reflected a full year contribution from the consolidation of France Champignon, Europe’s largest mushroom producer, and the positive impact […]

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Dynamic Growth By William Grant & Sons

    Dynamic Growth By William Grant & Sons

Reflecting the acquisition of the Tullamore Dew Irish whiskey brand and value growth across its core spirits brands, Scottish independent distiller William Grant & Sons has increased operating profit by 27.8% to £132.4 million for 2010 on a turnover up 14% to £951.5 million. The purchase of Tullamore Dew is the largest acquisition in William […]

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Year of Repositioning For Aryzta

    Year of Repositioning For Aryzta

Reflecting contributions from acquisitions and underlying sales growth within its food business, Aryzta increased revenue by 28.8% to €3.88 billion and group EBITA by 44.1% to €393.3 million in the year ended July 31st 2011.The Zurich-based food group, which is a global leader in speciality bakery, improved its EBITA margin by 100bps to 10.1%.
 
Aryzta has […]

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Poor Weather Restricts AG Barr

    Poor Weather Restricts AG Barr

The poor summer weather has impacted upon the financial performance of UK soft drinks manufacturer AG Barr in the first six months ended July 30th 2011. Driven by the company’s core brands of Irn-Bru, Rubicon and Barr, turnover increased by 4% to £124.0m with volume up by 1.4% but profit on ordinary activities before tax, […]

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Solid Performance By Finsbury Food Group

    Solid Performance By Finsbury Food Group

Helped by a return to growth in its cake division, UK bakery company Finsbury Food Group has increased revenue by 12.6% to £189.6 million and underlying profit before tax by 8.3% to £5.8 million for the year ended July 2nd 2011. Sales in the cake division rose 12.1% to £139.6 million and sales in the […]

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Emerging Markets and Top Brands Drive Pernod Ricard

    Emerging Markets and Top Brands Drive Pernod Ricard

Achieving growth across all its regions, Pernod Ricard has reported an 8% rise in full year sales to Eur7.64 billion, including organic growth of 7%, as the French spirits and wine group staged a recovery in its mature markets, which grew by1.5%, and saw a return to very strong growth in its emerging markets – […]

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Interim Sales Increase at Lotus Bakeries

    Interim Sales Increase at Lotus Bakeries

Belgium-based biscuits and cakes manufacturer Lotus Bakeries increased consolidated turnover by 5% to Eur133.6m in the first half of 2011. On a like-for-like basis, taking into account the termination of the Jaffa Cake bars contract with McVities, internal growth was over 6%. The recurrent operating result (REBIT) was flat at Eur17.3m. However, lower charges meant […]

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Emerging Markets Drive Sales and Profits at Diageo

    Emerging Markets Drive Sales and Profits at Diageo

Buoyed by strong growth in emerging markets, particularly by its Scotch whisky brands, Diageo has achieved 5% organic growth in both net sales to £9.94 billion and in operating profit before exceptionals to £2.88 billion for the year ended June 30th 2011.
 
Exceptional operating costs were £289 million for the year including a net charge of […]

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Heineken Faces Tough Second Half

    Heineken Faces Tough Second Half

Despite a solid first half performance, Heineken has cautioned that profit for the full year will be flat. Heineken achieved organic growth in group beer volume of 4.2% to 104.1m hectolitres with higher volume across all regions in the first half of 2011. On an organic basis, revenue grew 3.3% to Eur8.36 billion, driven by […]

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Glanbia Performs Well in First Half

    Glanbia Performs Well in First Half

Buoyed by strong global dairy markets, good demand in key nutritional sectors and first time contributions from acquisitions, Glanbia, the Irish and international nutritional solutions and cheese group, has increased EBITA pre exceptional by 43.6% to Eur121.6 million on a constant currency basis for the six months ended July 2nd 2011. Total group revenue grew […]

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Declining Russian Beer Market Undermines Carlsberg’s Profits

    Declining Russian Beer Market Undermines Carlsberg’s Profits

The continuing decline in beer consumption in Russia, Carlsberg’s largest market, has impacted the Danish brewer’s financial performance in the first half ended June 30th 2011 and forced a review of its full year projections. Although Carlsberg achieved beer volume growth  of 5% and increased net revenue by 8% to DKr31.3b (Eur4.2b) during the period, […]

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Solid First Half From Nestle

  Solid First Half From Nestle

Nestle has produced a solid financial performance in the first half and is predicting organic sales growth at the top end of the 5% to 6% range and a margin increase in constant currencies for the full year. The global food and beverage group reported interim sales of SFr41.0b (Eur38b) as it achieved 7.5% organic […]

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Profits Plummet at Premier Foods

  Profits Plummet at Premier Foods

Premier Food, the UK’s largest food producer, has reported a 28.7% drop in trading profit to £67m for the first half ended June 25th 2011. Sales from ongoing business, excluding the canning and meat-free businesses, slipped 0.9% to £974m.
 
Trading profit was affected by four major factors: First, commodity costs increased by 14% year-on-year; equivalent to […]

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Unilever Reports Strong First Half Growth

  Unilever Reports Strong First Half Growth

According to Unilever, its development strategy is delivering results after the group reported strong growth in the first half of 2011. Turnover for the half-year was up 4.1% to Eur22.8b. Underlying sales growth was 7.1% in the second quarter and 5.7% in the first-half. Underlying volume growth was 1.9% in the second quarter and 2.2% in […]

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Bonduelle Returns to Growth

Reflecting the impact of the integration of acquisitions and favourable currency exchange rates, Bonduelle has increased turnover by 10.7% to Eur1.73b for the year ended June 30th 2011. The French vegetable processor expects operating profits of between Eur78m and Eur81m for its 2010-11 financial year.
 
The successful integration of France Champignon for the full year (against […]

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Record Confectionery Performance Lifts Zetar

  Record Confectionery Performance Lifts Zetar

Despite the difficult trading environment, Zetar, the UK confectionery and snack food group, increased revenue by 2% to £135.0m and adjusted operating profit by 3% to £7.5m for the year ended 30th April 2011. Adjusted profit before tax rose 6% to £6.7m and EBITDA increased from £9.6m to £9.8m.
The results reflect a record performance by […]

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Solid Performance By First Milk

  Solid Performance By First Milk

Despite the challenging economic conditions, UK dairy co-operative First Milk has managed to increase pre-tax profits from £360,000 to £7.2m and turnover by 7% to £573m for the year ended March 31st 2011
The milk prices paid by First Milk to producers also increased significantly during the year. The standard litre liquid pool price increased by […]

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Resilient Performance by Fuller, Smith & Turner

  Resilient Performance by Fuller, Smith & Turner

Driven by a strong performance from its managed pubs and hotels business, London-based regional brewer and pub operator Fuller, Smith & Turner increased profit before tax by 16% to £31.0m and revenue by 6% to £241.9m for the 53 weeks ended April 2nd 2011. Revenues across the group’s managed pubs and hotels business increased by […]

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Brown-Forman to Build on Record 2011 Performance

  Brown-Forman to Build on Record 2011 Performance

Building on record earnings and operating income in its 2011 financial year, Brown-Forman anticipates continued underlying operating income growth for 2012. The US-based international spirits and wine group reported net sales growth of 6% to more than $3.4b in 2011 and increased operating income by 20% to $855m. Excluding the gain on sale from the […]

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Solid Performance by Milk Link

  Solid Performance by Milk Link

Reflecting higher selling prices, a better mix of products and a 5% increase in the volume of milk handled to just over 1.5 billion litres, UK dairy co-operative Milk Link increased sales by 6.6% to £586m for the year ended April 2nd 2011 and lifted profit before tax by 43% to £15.1m. EBITDA rose from […]

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Record Year For Heinz But Factory Closures Planned in Europe

  Record Year For Heinz But Factory Closures Planned in Europe

HJ Heinz has achieved record sales and net income of $10.7b and $990m respectively in its 2011 financial year, while completing key acquisitions in Brazil and China to accelerate its dynamic growth in emerging markets. The US-based food group increased sales by 2% and net income by 14.4%.
Emerging markets, which generated more than 16% of […]

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Dairy Crest Well Placed to Face Challenges Ahead

  Dairy Crest Well Placed to Face Challenges Ahead

Although turnover slipped by 2% to £1.61b for year ended March 31st 2011, Dairy Crest managed to increase adjusted profit before tax by 5% to £87.6m in challenging trading conditions. Profit before tax remained static at £77.8m.
In line with its development strategy, the UK dairy group again increased added value sales and its five key […]

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Solid Performance By SABMiller

  Solid Performance By SABMiller

Global brewer SABMiller has reported a 7% rise in group revenue to $28.3b, with organic, constant currency group revenue growth of 5% for the twelve to March 31st 2011. Lager volumes of 218m hectolitres were 2% ahead of the prior year on an organic basis with particularly good growth in Africa, South Africa and Asia.
Reported […]

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C&C Group Revival Continues

  C&C Group Revival Continues

Year-on-year volume growth of 4% for its Magners cider brand, including 3.6% growth in Great Britain and 33.8% export growth, helped C&C Group, the Irish and UK branded alcoholic drinks group, to increase operating profit before exceptional items by 17% to Eur105m in the year ending February 28th 2011. Buoyed by contributions from acquisitions (Tennent’s […]

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Record Year For Cranswick

  Record Year For Cranswick

UK meat processor Cranswick increased pre-tax profit by 8% to £47.1m for the year ended March 31st 2011 on underlying sales ahead by 4% to £758m with volumes up 6%. Operating profit at £48.7m increased by 6% and at 6.4% of sales was 0.2% ahead of the level achieved last year. The increase in operating […]

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39 Consecutive Years of Dividend Increases by PepsiCo

  39 Consecutive Years of Dividend Increases by PepsiCo

Global soft drinks and snacks giant PepsiCo has declared its thirty-ninth consecutive annual dividend increase, by lifting the current annual rate from $1.92 to $2.06 per share on the group’s common stock.
“PepsiCo has a long and consistent track record of delivering strong operating results and achieving top-tier financial performance,” points out Indra Nooyi, chairman and […]

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Fifth Consecutive Quarter of Growth at Unilever

  Fifth Consecutive Quarter of Growth at Unilever

Food, personal care and home care group Unilever has delivered its fifth consecutive quarter of growth as its transformation strategy continues. Turnover in the first quarter increased by 7% to Eur10.9b as underlying sales rose by of 4.3% with all categories growing, driven by emerging markets up 9.9%. Underlying volume growth was 2.5% and pricing […]

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Solid Interim Growth By Associated British Foods

  Solid Interim Growth By Associated British Foods

Associated British Foods has achieved a 5% rise in adjusted operating profit to £390m on group revenue ahead by 9% to £5.21b in the 24 weeks to March 5th 2011 as four of its five business segments improved profitability. Group profit before tax declined slightly from £320m in the first half of 2010 to £319m.
A […]

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Recovery Continues at Restructured Uniq

  Recovery Continues at Restructured Uniq

Uniq, the UK convenience food group, has continued the improvement in its financial performance by reporting an operating profit before significant items of £4.1m in 2010 compared to a loss of £1.9m in 2009. Turnover rose by 6.8% to £312m in 2010.
Although the figures are a vindication of the board’s strategy of transforming Uniq into […]

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Strong Performance By Carbery Group

Ireland-based international food ingredients manufacturer Carbery Group has reported a 22% rise in turnover to Eur224.3m in 2010. The group benefited from stronger consumer demand for nutritional based food and beverages in key overseas markets, continued recovery of global dairy prices in 2010 and successful positioning in new regions. Pre-tax profit increased to Eur6.8m from […]

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Transitional Year for Irish Dairy Board

  Transitional Year for Irish Dairy Board

Reduced margins at its DPI US speciality food business were behind a sharp drop in EBITA by a third to Eur26.9m, despite a 6% rise in turnover to Eur1.9b in 2010 at the Irish Dairy Board. The consumer food division, which encompasses the Kerrygold butter and Pilgrim’s Choice cheese brands in the UK, increased sales […]

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Barry Callebaut Growing Twice as Fast as the Market

  Barry Callebaut Growing Twice as Fast as the Market

Barry Callebaut, the world’s leading manufacturer of high quality cocoa and chocolate products, grew twice as fast as the global chocolate market in the first half of its 2010/11 fiscal year, ended February 28th last: Sales volume at the Swiss confectionery group increased by 7.1% to 706,570 tonnes, while the global chocolate market grew by […]

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Strong Growth By Stocks Spirits Group

  Strong Growth By Stocks Spirits Group

Stock Spirits Group, one of Central Europe’s leading branded spirits and liqueurs businesses, has reported double digit organic revenue and profit growth for the year ended December 31st 2010. Revenue increased by 13.3% to Eur308.6m and EBITDA by 16.6% to Eur68.2m.as the company gained market shares across its key markets. During 2010, Stock built upon […]

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Adnams Looks to the Future

  Adnams Looks to the Future

After recovering strongly in the second half, English regional brewer and pub company Adnams has reported a 1.5% slip in operating profit to £3.2m on sales down by 0.8% to £50.9m for the year ended December 31st 2010. Pre-tax profit fell by 9.4% to £2.8m.
During the year, the company diversified into spirits by opening a […]

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Sales Down at The Real Good Food Company

With its Napier Brown sugar distribution business recording an operating loss, The Real Good Food Company has reported flat group EBITDA of £5.5m for the year ended December 31st 2010 on turnover down by 7% to £200.1m, due to the reduced EU intervention price for sugar. Profit before taxation and significant items increased from £2.15m […]

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Another Strong Performance by AG Barr

  Another Strong Performance by AG Barr

UK soft drinks manufacturer AG Barr has increased pre-tax profit, excluding exceptional items, by 13.3% to £31.6m for the twelve months to January 29th 2011 and turnover by 10.4% to £222.4m, achieving double-digit like-for-like sales growth for the second consecutive year. The company again outperformed the UK soft drinks market, which grew by 7%.
AG Barr […]

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Interim Profits Plunge at Cloetta

  Interim Profits Plunge at Cloetta

Falling sales volumes and a decrease in contract manufacturing coupled with rising raw material prices, which weakened margins, have adversely impacted on the financial performance of Swedish confectionery manufacturer Cloetta in the first half to February 2011. Net sales fell 4.1% to SEK557m (Eur62m) and operating profit by 40.5% to SEK22m as the operating margin […]

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Emmi Exceed Sales and Earnings Targets

  Emmi Exceed Sales and Earnings Targets

Acquisitions, encouraging international growth and strict cost management have helped Emmi, the Swiss dairy group, to increase net profit by 14.3% to SFr86.1m (Eur67m) on net sales ahead by 2.5% to SFr2.68b in its 2010 financial year. EBIT grew by 24.5% to SFr135.8m and the EBIT margin improved from 4.2% to 5.1%.
“We have proven that […]

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Finsbury Sustains Interim Profit Despite Fall in Sales

  Finsbury Sustains Interim Profit Despite Fall in Sales

UK baker Finsbury Food Group has reported a 7% fall in revenue to £82.9m and flat pre-tax profit of £1.8m for the 26 weeks to January 2nd 2010. Finsbury is the second largest player within the £1.5b UK cake market and the market leader in the supply of gluten free baked goods to multiple grocers.
Trading […]

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Produce World Well Placed for Growth

  Produce World Well Placed for Growth

Despite a 68% fall in operating profit to £2.3 million and a drop in sales to £218 million during 2010, leading UK fresh produce company Produce World is well placed to deliver continued growth over the next few years, according to chairman Neil Fraser, who joined the company at the beginning of 2011. “In just […]

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Resilient Performance by Shepherd Neame

  Resilient Performance by Shepherd Neame

Shepherd Neame, the UK regional brewer and pub operator, has increased turnover by 1.6% to £61.7m for the 26 weeks ended December 25th 2010. Operating profit was flat at £6.4m. The company’s beer volume grew by 0.6% as its key brands such as Spitfire, Bishops Finger and Asahi performed well despite the tough market environment.
“This […]

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Solid 2010 Performance by Royal FrieslandCampina

  Solid 2010 Performance by Royal FrieslandCampina

Dutch dairy co-operative Royal FrieslandCampina increased net revenue by 10% to Eur8.97b and profit by 57% to Eur285m during its 2011 financial year as it benefited from more favourable market conditions, particularly in Asia and Africa. However, in Europe declining dairy consumption put pressure on volume.
FrieslandCampina’s Ingredients and Consumer Products International business groups made a […]

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Record Year For Greggs

  Record Year For Greggs

Greggs, the UK’s leading bakery retailer, increased pre-tax profit by 7.9% to a record £52.5m for the 52 weeks ended January 2nd 2011. Sales rose by 2.1% to £662m and by 0.2% on a like-for-like basis, as Greggs achieved a record numbers of new shop openings and refits, expanding its retail business through a net […]

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