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The German discounter's expansion will help solidify its standing as one of the UK's fastest-growing supermarket, increasing the pressure on Britain's Big Four - Tesco , Sainsbury's, Asda and Morrisons. Half-year profits at Dairy Crest are set to rise despite high butter costs and a drop in cooking oil use during the UK's heatwave. The company said it was boosted by "strong performances" from its two largest brands, Cathedral City and Clover, and was expecting to see profit for the six months to September 30 "slightly ahead of the same period last year".
Clover is set to log both volume and revenue growth, extending its positive performance last year. But the group's Frylight brand was not so lucky, having seen sales drop over the half year due to the unusually hot weather which had an impact on the use of cooking oil across the UK.
The high cost of butter has also forced Dairy Crest to pull back on promotions on its Country Life brand, which has also knocked sales. Chief executive Mark Allen said: Dairy Crest said it is capitalising on snack trends with the launch of two new Cathedral City flavoured snack bars, and would be partnering with Nickelodeon to promote its relaunched kids range. Mr Allen said added: The fashion firm's sales excluding VAT hit The company, which also owns brands including Monki and Arket, said its transformation measures had helped to boost sales growth and increase its market share in several regions.
But costs of the transition to new logistics systems continued to weigh on growth in some key markets such as the US, France, Italy and Belgium.
Major markets were impacted earlier this year when the rollout of new systems resulted in some connection interruptions. The retailer also reported in June that profits were lower due to problems shifting high stock levels, which led to high discounting. But the group remained confident in its new supply chain on Monday, saying it will "enable a faster and more efficient supply chain as well as a continued integration of store and online".
Michael Hewson, chief market analyst at CMC Markets, said the third quarter update was "surprisingly upbeat". He added that "while restructuring costs have continued to act as a drag the end results do appear to be resulting in a much more efficient inventory process". Unilever shareholder Aviva Investors is preparing to vote down the consumer goods giant's plans to shift its headquarters out of London. Aviva Investors, which holds a 1.
Unilever, which owns well-known brands including Marmite and Dove soap, will put plans to simplify its dual headquarter structure to shareholders on October 25 and If successful, Unilever will ditch its second head office in London and run its headquarters solely out of the Netherlands.
Unilever aims to complete the changes by Christmas Eve. David Cumming, chief investment officer for equities at Aviva Investors, said: Unilever announced that it planned to "simplify" from two legal entities into a single one incorporated in Rotterdam in March. Back then it was just a beautiful dream, now its science fact.
Like blowing up the moon. Frank Burns was separated from his love Maj. Potter asked BJ and Hawkeye to make nice. They do and the show goes from there. Do I have to give you the whole story?
With him are his ever-trusty Teddy bear and a comic book laying across his chest. The viewer actually sees two different comic books. As the scene shifts from Frank to Radar, the comic book changes. In subsequent shots, the book changed to number The covers are very different from each other.
Something from that time period. Check them out here and here. You are commenting using your WordPress. You are commenting using your Twitter account.
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