Meat, seafood and ready meals supplier Hilton Foods Group (LON: HFG) has hosted an analyst and investor day at its production facility in Huntingdon. This provided an overview of the strategy of the group and the focus on organic growth. It also set out financial targets. A replay is on the company’s website (www.hiltonfoods.com). The […]

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Trading remains strong at AIM-quoted NWF (LON: NWF) with first half profit ahead of last year and it has made an infill acquisition for its fuels division. All three divisions are trading ahead of expectations. There is good storage capacity utilisation at the food division. Feeds volumes are slightly lower, due to good grazing conditions, […]

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Consumer purchasing power in the grocery sector has fallen approximately 9-10% since 2019, according to a recent study by TradingPedia. The study found the total price of groceries rose 22.6% between August 2019 and August 2022, against a climb of 13.5% from £538 to £611 in the average weekly earnings of all UK employees between […]

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Domino’s Pizza shares fell 1.7% to 285.6p in late morning trading on Tuesday on the back of a HY1 2022 underlying pre-tax profit drop of 16.3% to £50.9 million compared to £60.8 million the last year. The fast food company reported a 5.6% decline in system sales to £710.5 million against £752.3 million, and a […]

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Greggs shares rose 2.2% to 2,124p in early morning trading on Tuesday after the food company reported trading in-line with management expectations and a growth in total sales to £694.5 million in HY1 2022 against £546.2 million the year before. Greggs confirmed a 22.4% like-for-like sales rise in the period, with a 12.3% growth compared […]

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Greencore Group shares slid 3.7% to 103.3p in late morning trading on Tuesday following a reported 35% growth in revenue to £486.2 million in Q3 2022. The convenience foods group highlighted a 41% revenue climb to £333.4 million against the previous year, alongside a 23.5% rise to £152.9 million in other convenience food categories. Greencore […]

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Retail sales across the UK fell 0.1% in June, according to the latest figures from the Office of National Statistics (ONS). The organisation also downgraded its retail figures in May to a 0.8% drop from its initial estimate of 0.5%. “The bottom lines is people are buying less. Big ticket items are being put on […]

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UK inflation hit another 40-year high in June with a rise to 9.4% as crushing fuel and food prices pushed the cost of living higher, according to the latest figures from the Office of National Statistics (ONS). “Rising food and fuel costs have kept inflation red hot this month. This is intensifying the pressure on […]

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Inflation rose to a new 40-year record high of 9.1% in May, according to the latest figures from the Office of National Statistics (ONS). The Consumer Price Index (CPI) increased by 0.1% from 9% in April to 9.1% in May, with climbing food and non-alcoholic beverage prices highlighted as the largest contributor to the new […]

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Tesco shares slid 0.4% to 248.6p in early morning trading on Friday after the supermarket announced a 1.5% fall in like-for-like UK sales for Q1 2022-2023 in its latest trading update. The Big 4 grocer further mention that sales in the Republic of Ireland dropped 2.4% to £612 million year-on-year. Tesco reported an overall group […]

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An estimated 1.5 million UK households are predicted to struggle with energy and food bills higher than their disposable income from 2022-2023, according to a report from the National Institute of Economic and Social Research (NIESR). The institute pointed out the pressure rising prices and higher taxes placed on consumer budgets, with the highest levels […]

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Inflation for non-food household goods have hit the highest rate of inflation on record, according to figures from the British Retail Consortium (BRC) and market research firm NielsenIQ. Non-food inflation climbed from 1.5% to 2.2% in April, with the prices of clothing, furniture and children’s toys soaring at the fastest rate on record since tracking […]

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IHS Markit‘s PMI data illustrated that business activity in the service sector had demonstrated a ‘much weaker rise’ in October, with the rate of expansion at its slowest rate for four months. The research group also noted that the rate of new work fell for the first time since June, while hospitality, transport and leisure […]

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Food, fuel and feed distributor NFW (AIM:NWF) saw its shares rally on Tuesday, following the publication of its uplifting results, for the full-year ended 31 May 2020. Booking year-on-year revenue growth of 2.4% – up to £687.5 million – the company’s operating profit and profit before tax jumped 40.6% and 37.9%, to £13.5 million and […]

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UK fresh food provider Bakkavor plc (LON:BAKK) issued a tentative update at the end of the week, stating that its sales were stable, and were even beginning to improve. The company said that its Chinese business had been ‘severely’ impacted by Coronavirus in January, while a positive start to the year in its UK and […]

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Kerry Group PLC (LON:KYGA) have seen their shares jump on a pleasing update from the Irish foods business. The firm noted that both profits and revenues rose in 2019 which sparked shareholders optimism on Tuesday afternoon. Shares in Kerry Group PLC trade at €123 (+5.39%). 18/2/20 13:39BST. Kerry noted “Strong growth was achieved in the […]

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Finsbury Food (LON:FIF) have told shareholders that they are are trading in line with expectations, in a stable update provided on Thursday. The firm said that first half sales have been rising year on year, as the baker and food producer has been seeing declines in other sectors. In the six months to December 28, […]

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Speciality chemicals and food ingredients distributor IMCD N.V. (AMS: IMCD) boasted strong performance fundamentals during the first nine months of the year. The Group reported an on-year gross profit bounce of 15% to EUR 457.3 million, while operating EBITA jumped 12% to EUR 175.7 million. The Company added that its net result before amortisation and […]

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Food and confectionery conglomerate Nestle SA (LON: NESN) posted steady but positive sales fundamentals as it reflected upon the first nine months of full-year 2019. The Company reported that its total sales during the period had risen 2.9% on a year-on-year comparison, up to CHF 68.4 billion. It also stated its organic growth of 3.7% […]

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Producer and distributor of animal feed additives Anpario PLC (LON: ANP) saw its share price dip on Wednesday morning, with the company reporting a varied set of financial results. The overview wasn’t too positive this morning, with their headline statistic being a dip in first half sales in a year-on-year comparison, down from £14.8 million […]

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Food and drink outlet operator Loungers PLC (LON: LGRS) booked healthy growth across financial performance indices during the full year ended April 31 2019. The Group’s revenue jumped 26.4% on a year-on-year basis, to £153.0 million, and adjusted operating profit bounced 23.3% to £12.4 million. Loungers also reported adjusted EBITDA growth of 23.7% to £20.6 […]

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UK food, fuel and feed distributor NWF Group plc (LON: NWF) announced a year of results ahead of expectations but behind the record figures reported for the previous year. The Group reported strong growth in customers in its Food business and delivery on its strategy with three fuel acquisitions. The Company’s dividend also increased 4.8%, […]

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