The Week: City News - Heinz revenues up

HJ Heinz has reported a 9.1 per cent increase in revenues for the first quarter of 2007 to $2.25 billion (£1.12 billion) from $2.06 billion (£1.025 billion) last year. In Europe, sales increased by 12 per cent to $766 million and operating income increased by 16 per cent. The company spent 25 per cent more on marketing over the quarter to promote healthier products in the US and the UK. Heinz is in the middle of a search for a UK advertising agency and has shortlisted Lowe, Grey, Abbott Mead Vickers BBDO, DDB and Bartle Bogle Hegarty for the task.