All Financial Results articles
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News
Meek Christmas fails to save 2024 retail trading
UK retail sales increased by just 0.7% last year after a weak final quarter, as non-food sales remained in decline despite persistent inflation
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News
Typhoo Tea creditors owed £100m with PE owner taking large hit
Typhoo Tea owed creditors close to £100m at the time of its collapse late last year, with its private equity owner taking a massive hit, new documents from administrators have revealed
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Comment & Opinion
Is Aldi’s ‘record-breaking’ Christmas really that impressive?
Despite the headlines, this year’s was Aldi’s slowest Christmas growth since 2021, when the numbers were skewed by unusually high grocery spend during lockdown
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News
Meadow Foods profits slow after sale to Fairfax Financial
Transaction costs of more than £3m from the sale reduced profits, however the underlying business remained ‘strong’, Meadow stressed
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News
Driver death fine puts cidermaker Westons in the red
Westons was fined £1.4m over two health and safety breaches that resulted in a fatality
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News
Müller takes £65m hit to profits from Milk & More sale
The dairy giant stressed the Milk & More-linked losses were a one-off with the overall performance of the business in 2023 ‘strong’
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News
City snapshot: Walkers’ revenue jumps despite volume struggles
Walkers Crisps has lost more sales this year after average prices increased 4.1%, according to The Grocer’s Top Products survey.
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News
Berry Bros & Rudd sees sales and profits slide on ‘turbulent’ year
A ’challenging year’ in the US was partly to blame for the results
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News
Poundland returns to £1 price point roots in a bid to get trading ‘back on track’
The retailer has filed a trademark application for ‘Home of the £1’ and is using the slogan in a new campaign
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News
Poundland owner suffers net €662m loss, citing UK discount chain’s ‘weak performance’
Poundland’s like-for-like sales were down 3.6% in the latest set of dismal results for the brand
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News
Buckfast sales jump despite ‘unprecedented’ duty hike
Sales of Buckfast jumped by 11.8% last year despite the fortified wine brand facing an “unprecedented” duty increase and pressures from the rising cost of living
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News
City snapshot: Naked Wines’ revenue slide enters another year
Naked Wines is losing both new and old customers but despite its struggles, says its turnaround plan is working. Also, Tesco achieves its highest market share since December 2017.
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News
SSP shares surge on profit recovery plan
SSP Group shares surged by as much as 12% this week as the catering operator looked to put the pandemic and constant train strikes in the UK behind it
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News
City snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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News
Commodity prices help Treatt bounce back from destocking
Global ingredients player Treatt bounced back from a weak first quarter to grow full-year revenues and profits as higher commodity prices and growth in China boosted performance
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News
Greencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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Comment & Opinion
The Grocer and its journalists are not anti-vegan or anti-plant-based foods
It’s our job to report on the plant-based category’s downs, as well as ups
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News
Gail’s Bakery sales surge ahead of rumoured buyout
Analysts have speculated the company could be worth up to £500m
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News
City snapshot: Remy Cointreau’s cost cutting helps limit profit slide
Remy Cointreau is cutting around €50m in costs this year to help limit its profits slide as sales continue to plummet in the US and China. Also, consumer confidence unaffected by last month’s budget, according to the British Retail Consortium.
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News
City snapshot: Just Eat to delist from London Stock Exchange
The move is a blow to the UK government which launched “the biggest set of reforms to listing rules in over 30 years” earlier this year to try and reinvigorate the country’s capital markets. Also, Pet at Home sales stutter amid an “unusually subdued” pet retail market