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Smurfit Kappa Sees EBITDA Down, But Ahead Of Expectations In FY 2020

Packaging firm Smurfit Kappa has reported EBITDA of €1.51 billion for full-year 2020, which the company said was ahead of its stated guidance, despite...

Maersk Sees First-Quarter Boost From Strong Container Demand

Shipping group A.P. Møller - Mærsk has said that a surge in demand for container shipping will boost earnings in the company's first quarter a...

UK Consumer Spending Plunges As New Lockdown Bites: Barclaycard

Spending by British consumers plunged in January at the fastest rate in seven months as the country went back into a tight COVID-19 lockdown, payment card...

Coty Sees Makeup Demand Slump Shave Millions Off Revenue

Cosmetics firm Coty Inc is to step up its investments in skin-care to offset a pandemic-driven fall in demand for its makeup products that led to a disappo...

Carrefour Italia, Fruttagel Team Up On Novel Tomato Purée Concept

Italian organic food producer Fruttagel has teamed up with Carrefour Italia to launch a novel new tomato purée SKU, the composition and price of whi...

Online's Share Of Britain's Grocery Market Hits Record 16%: Nielsen

The online share of British grocery sales hit a record 16% in January, up from 8% in the same month last year, driven by increased demand during the countr...

Japan Tobacco Warns Of Profit Decline, Plans To Cut Jobs

Japan Tobacco Inc plans to cut around 1,000 jobs and focus its efforts on winning market share in heated tobacco devices, as it forecast an unexpected slum...

Ocado's Earnings Jump On Pandemic Demand Boost

Online grocer and technology group Ocado Group has reported a 69% increase in 2019-20 core earnings, boosted by the pandemic generating huge demand for hom...