Südzucker reports drop in earnings The European sugar producer has reaffirmed its full-year profit forecast of between €500m and €600m, down from the €950m it generated in the year to the end of February. The company has said its results have been hurt by high production costs. Read more.

Premier Foods full-year results beat expectations The owner of Mr Kipling and Oxo Cubes has said that sales and profit for the full year have come in ahead of expectations. Adjusted pre-tax profit was up 15.1% to £157.9m in the year to the end of March, with headline revenue reaching £1.1bn. Read more.

Cosmetics giant Shiseido reports losses for first quarter The business has reported small losses of 3.3 billion yen (€19.6m) due to restructuring costs, but has maintained its growth forecasts for 2024. Sales in the period rose 3.9% to 249.5 billion yen (nearly €1.5bn). Read more.

Net losses widen at beauty giant Natura The Brazilian beauty group, which owns the Avon brand, has posted a net loss of $181.3m in the first quarter. The group is undergoing a process of spinning out its assets, including the Aesop and The Body Shop businesses. Read more.

Imperial Brands releases half-year results The tobacco giant has said that strong pricing has offset volume declines in the six months to the end of March 2024, and has reiterated its full-year guidance. Revenue reached £15.1bn in the period, down 2.3% from last year. Read more.

Pre-tax profit up at drinks group Britvic Britvic, which owns the 7UP brand among other soft drinks, has said that pre-tax profit has improved 13% to £78.2m in the six months to the end of March, boosted by an 11.2% increase in revenue. Read more.