All Financial Results articles – Page 106
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City snapshot: Just Eat profits plunge as investment hits bottom line
Just Eat has experienced an almost complete wipe out of its first half pre-tax profits as it increased investment ahead of a multi-billion pound merger with Dutch contemporary Takeaway.com. Plus, UK consumer confidence steadies in July, trading updates from Glanbia and Devro and all the rest of the latest news from the City.
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City snapshot: Greggs profits soar on stellar first half sales growth
Greggs first half profits surge on strong sales growth, Reckitt Benckiser’s first half growth sags to just 1%, Greencore third quarter sales fall in “challenging” period and all the rest of the latest news from the City.
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‘Firm foundations’ at First Milk after second consecutive year of growth
Turnover is up and profits are ‘stable’ according to the co-op’s 2018/19 report
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IPO attempt costs drive £1.75m Lakes Distillery loss
British spirits brand The Lakes Distillery fell to a £1.75m loss last year as it counted the cost of an attempt to list on the London Stock Exchange.
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McDonald’s enjoys strong second quarter performance as global sales rise
The fast food giant reported “strong results” as global comparable sales continued rising in the three months to June
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Amazon will soon be ‘unstoppable force’ in grocery
Revenue rose 20% to $63.4bn for the second quarter following the expansion of one-day Prime delivery in the US
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Focus on trends and innovation pushes BD Foods sales up
BD Foods saw pro-rata sales up 32% as it focused “heavily” on innovation and food trends
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Unilever plays down talk of more disposals despite weak food performance
The company this week posted underlying sales growth below analyst expectations
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McColl’s posts sales uplift at Morrisons Daily trial stores
CEO Jonathan Miller told The Grocer it was “very pleased” with the performance of the Morrisons Daily stores
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City snapshot: US recovery helps Nestlé post 3.6% first half organic growth
Nestlé has reported strong organic growth of 3.6% in the first half of the year led by overall volume growth and an improvement in US trading. Plus, Casino ups debt reduction target, Mothercare margins hit by UK retail weakness and all the rest of the latest news from the City.
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Hyperama profit drop blamed on rising operating costs
Wholesaler cited concerns over the national living wage and auto-enrolment pensions
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Weaker ice cream sales hit Unilever’s first half growth
Unilever has posted first half underling sales growth of 3.3%, at the lower end of its 3%-5% guidance as performance was hit by weaker ice cream sales and Brazil’s trucker strike.
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City snapshot: B&M targets more than 40 new stores as Q1 sales surge
B&M European Value Retail is on track for a net 24 new B&M UK fascia stores in is full financial year and 15-20 Heron Foods. Plus, Britvic reports third quarter sales decline, PayPoint Q1s up 3.6%, second quarter volumes rise at Coca-Cola and all the rest of the latest news from the City.
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FeverTree shares drop on slowing UK growth
FeverTree has warned that its rapid growth in the UK has slowed significantly amid the “dampening effect” of poor weather and strong comparables.
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Shift to staff ownership helps Riverford deliver ‘record’ sales
It moved to an employee ownership structure in June 2018
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Weetabix sales down as decline of branded cereals market hits
The accounts say sales were hampered by a decline in overall cereal volume sales in 2018.
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Surge in global demand boosts Haribo sales
Accounts filed at Companies House for Haribo’s parent company in the UK showed total turnover up to £181.6m in 2018
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Flamingo Produce shrugs off difficult conditions to double profits
Flamingo supplies fresh flowers, plants and veg to the mults
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Seachill growth boosts Hilton Food Group’s first half sales
Hilton Food Group has continued to grow sales in the first half of its financial year, boosted by increased volumes from its Seachill fish business.
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Vimto producer Nichols shrugs off cooler weather to post first half growth
Vimto producer Nichols has posted a double-digit rise in group revenues as it brushed off the cooler UK weather to post growth across its stills and carbonates portfolio.