All Financial Results articles – Page 17
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NewsCity News: Asda disappoints again as pressure mounts on Mohsin Issa
Pressure is continuing to mount on Asda and owner Mohsin Issa as the latest industry data this week revealed a sharp slump in summer sales and more ground lost on market share
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NewsAllplants optimistic about path to profit as losses mount
The vegan ready meal maker has recorded heavy losses as the business wrestled to shift its capital-intensive model amid challenging macro-economic conditions and declining demand in the plant-based category
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NewsCrediton sees profits jump on back of wider product range
The supplier saw profits after tax increase from £7.9m in 2022 to £9m in the year to 30 December 2023
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NewsTyphoo Tea turnaround disrupted as losses balloon to almost £40m
Losses have spiralled to almost £40m at Typhoo Tea as trespassers occupied and damaged its mothballed factory in Merseyside, dealing an unexpected setback to the embattled company’s turnaround attempt
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KVI TrackerCawston Press warns of further juice price pressures amid profits slide
The supplier said it did not expect a reprieve in raw material costs anytime soon
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NewsCity News: Carlsberg hikes profit expectations after ‘exciting year’
Carlsberg has hiked its profit expectations after “an exciting year” of volume growth, despite sales being held back by bad weather in Europe
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NewsPots & Co cuts losses as it outsources manufacturing
High-end desserts specialist Pots & Co cut its losses in a ‘milestone’ year that saw it prioritise profitability over sales growth and move towards break-even
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NewsDistil seeks funds after profit warning and collapse in sales
Spirits group Distil is exploring funding options to meet an unexpected shortfall in its finances after it issued a profits warning for 2024
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NewsCity snapshot: Carlsberg upgrades guidance despite European challenges
Carlsberg has lifted profit expectations after “an exciting year” for the Danish brewer, despite volumes being held back by bad weather in Europe. Plus, first-half results from Glanbia and Distil seeks new funds after revenues plunged 55%
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NewsCity snapshot: Lotus Bakeries posts 20% jump in first half sales
Bear and Nakd owner Lotus Bakeries has reported a double-digit jump in first half sales and profits amid strong growth of key brands
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NewsAsda promises to open more checkouts, improve availability and make stores cleaner
Announcing its Q2 results today, the supermarket revealed revenue excluding fuel was down 2.2%, with like-for-like sales down 5.3% over the period
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NewsCity snapshot: Deliveroo moves to first-half profit amid ‘encouraging’ consumer pick-up
Online delivery giant Deliveroo has posted a first-half profit after returning to order growth in the period amid ‘encouraging signs’ in consumer behaviour
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NewsCity snapshot: CCEP boosted by Asia-Pacific growth to mitigate European volume decline
GB Coke bottler Coca-Cola Europacific Partners has posted a rise in underlying first-half problems despite poor weather in Europe, as growth in south east Asia and Australia boosted performance
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NewsTofoo Co benefits from demand for natural plant-based brands
The Tofoo Co has defied wider declines in meat alternatives as shoppers shun ultra-processed options in favour of more natural ingredients
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InterviewsThe people’s CEO: how Simon Roberts changed Sainsbury’s culture
The Sainsbury’s CEO is winning with a strategy that has prioritised people as much as food
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NewsCity snapshot: AB InBev improves profits but volumes fall back
AB InBev has posted a rise in underlying profits in its second quarter, but sales volumes went backwards in the period as beer sales fell
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NewsIllycaffè confident of further growth despite coffee price volatility
Illycaffè has boosted first-half profits as revenues increased in all its major markets and distribution channels, with the Italian coffee roaster keeping a tight control over costs
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NewsCity snapshot: Danone beats market forecasts in ‘strong’ first half
Net sales reached €13.8bn, climbing 4% on a like-for-like basis, with volumes jumping 2.1% and registering growth in each of the French group’s categories. Plus, first-half results from Just Eat Takeaway and Kerry Group
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NewsCity snapshot: Diageo posts organic sales and profit declines amid Americas weakness
Spirits giant Diageo has posted a decline in organic sales and profits as a heavy sales fall in Latin American and the Caribbean hit annual performance
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NewsPrinces back in the black as Newlat deal nears completion
Revenues edged down from £1.74bn to £1.71bn in the year to 31 March 2024 as volumes declined on the back of the group putting up prices, according to newly filed accounts