All Financial Results articles – Page 106
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News
City snapshot: WH Smith improves food offer as performance hold steady
WH Smith (SMWH) has posted pre-tax profit down 1% from £83m to £82m on static group revenue of £643m in the half year to 28 February. Plus, Greene King’s shares rise on bullish profits guidance and all the rest of the latest news from the City.
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Comment and Opinion
Suppliers search for clues as Tesco-Booker hints at future strategy
Booker boss (and Tesco’s newly installed UK CEO) Charles Wilson, together with Tesco chief product officer Jason Tarry, have held initial talks with 39 of Tesco’s biggest suppliers and will summoning smaller suppliers soon
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News
Tesco's profits jump: what the analysts say
Tesco’s profits jump: here is how analysts and other experts reacted to the results
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News
Nisa reports 26% sales hike as store numbers increase
The results come ahead of the CMA’s phase one ruling on the Co-op’s acquisition of Nisa, due to be published by 23 April
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News
Tesco profits jump 28% as it 'moves quickly' to deliver Booker synergies
Tesco has reported “another year of strong progress” with the ninth consecutive quarter of growth and said it was “moving quickly” to deliver synergies and access new growth from the completion of the merger with Booker.
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News
The Co-op returns to profit for first time since 2015
It recorded £72m profits before tax for the year to 6 January, compared with a £132m loss in the previous year
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News
Fisherman's Friend maker reports 45% drop in profits
The company grew sales by 0.7% to £51.6m in the year to 31 December 2017
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News
Constellation Brands fourth-quarter sales exceed estimates
The company said its beer portfolio was the number one growth contributor to the US beer market
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News
US spice giant McCormick reports 'great start' to 2018
Net Q1 sales rose 19.2% from $1.04bn (£739m) to $1.24bn (£876m), reported chariman, president and CEO Lawrence Kurzius
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News
Media Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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News
Wing Yip suffers 30% drop in pre-tax profits
According to accounts filed at Companies House this week, pre-tax profits were down from £4.8m to £3.5m on turnover up 8.7…
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News
Food safety scandal slashes quarterly profits at 2 Sisters
Second-quarter profits have plunged at 2 Sisters Food Group owner Boparan Holdings, as the closure of its scandal-hit West Bromwich factory weighed on results.
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News
Birds Eye owner Nomad more than doubles annual profits
Nomad Foods, owner of frozen food brands Birds Eye, Iglo and Findus, has reported “an outstanding year” during which it reported full-year organic revenue growth of 3.9%.
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News
City snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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News
Fonterra CEO Theo Spierings steps down as profits plunge
Announcing half-year losses of £177m, the company said Spierings will leave later this year after seven years as CEO
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News
HelloFresh cuts losses as it eyes move to profitability
German listed meal kit delivery company HelloFresh grew sales by more than 50% last year and cut its losses as it targets a move to profitability before the end of its 2018 financial year.
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News
City snapshot: Science in Sport revenues jump 28% to £15.6m
AIM-listed sports nutrition brand Science in Sport, which supplies Team Sky and Manchester United, has posted full-year revenues up 28% to £15.6m, though losses have deepened. Plus, Irish dairy giant Ornua has announced record revenues of €2.1bn for 2017, UK CPI falls to 2.7% and all the rest of the latest news from the City.
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News
City snapshot: Ocado growth hit by Beast from the East
Winter storms that caused widespread disruption during the final week of Ocado Group’s (OCDO) first quarter, reduced Ocado’s sales growth by almost one percentage point back to 11.7%. Plus, Imperial Brands disposes of US tobacco products and all the rest of the latest news from the City.
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News
Finsbury Food Group back on the acquisition hunt after solid first half
Listed bakery business Finsbury Food Group is back on the acquisition hunt after a period of consolidation that saw first half like-for-like sales edge up 2.5% to £144.8m.
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News
City Snapshot: First half sales and profits up at Finsbury Food Group
Cakes and bakery goods supplier Finsbury Food Group has overcome “sustained market-wide headwinds” to post a rise in first half sales and profits.