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AB Foods raises profit outlook as Primark gets summer boost

Global Banking & Finance

AB Foods raises profit outlook as Primark gets summer boost By James Davey LONDON (Reuters) -Associated British Foods raised its full year profit outlook on Monday with its Primark fashion business boosted by warm weather kicking in across its European markets and its food unit trading well.

Food 52
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Primark and groceries fuel profits at Britain’s AB Foods

Global Banking & Finance

By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division.

Food 40
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Mr Kipling maker Premier Foods expects profit at top end of market view

Global Banking & Finance

Mr Kipling maker Premier Foods expects profit at top end of market view (Reuters) -Premier Foods on Thursday forecast full-year profit at the top end of market expectations after the company reported higher sales for the first quarter.

Food 40
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Germany’s Delivery Hero hikes 2023 revenue guidance

Global Banking & Finance

Germany’s Delivery Hero hikes 2023 revenue guidance (Reuters) -German online takeaway food company Delivery Hero on Wednesday raised its full-year revenue outlook, after it swung to a profit in the first half of the year on accelerating growth.

Food 98
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Bottler Coca-Cola HBC raises 2024 revenue and operating profit forecasts

Global Banking & Finance

(Reuters) – Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations.

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Divestments: A Way for Buyers to Finance M&A Deals?

M&A Leadership Council

The Art of M&A® / Financing and Refinancing An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Can a buyer always finance all or part of a transaction through partial divestments or spin-offs? Not necessarily.

M&A 59
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Catering firm Compass lifts profit forecast after strong first half

Global Banking & Finance

Catering firm Compass lifts profit forecast after strong first half (Reuters) – British catering firm Compass Group raised its 2024 profit forecast on Wednesday, after reporting first-half earnings slightly ahead of market expectations, as new businesses and higher pricing offset inflationary headwinds.