All Financial Results articles – Page 21
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NewsDavid Potts steps down at Morrisons as Carrefour chief is named new CEO
US owners Clayton Dubilier & Rice (CD&R) revealed it had appointed Rami Baitiéh, formerly chief executive of Carrefour France, as its new boss
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NewsPaper products supplier Accrol sees volumes rise 7.7% on own label growth
In its latest annual results, dated to 30 April 2023, revenues rocketed 52% to £241.9m
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NewsCity snapshot: Chapel Down posts strong and profitable first half growth
England’s largest winemaker Chapel Down has posted first half growth of 21% amid strong domestic sales for English sparkling wine and increased exports
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NewsCity snapshot: AG Barr revenues jump but profits hit by cost inflation
Acquisitions and organic revenue growth helped AG Barr grow first half revenues by a third, but profits were hit by lower margin business and soaring costs. Plus trading updates from PZ Cussons, Finsbury Food Group and Supreme
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NewsAldi latest supermarket to give workers body cameras
The trial of the technology was revealed by Aldi UK & Ireland CEO Giles Hurley as he announced the discounter’s annual results
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NewsCity snapshot: Cash-strapped shoppers drive record sales at Aldi
Aldi has boosted sales to a record high as the cost-of-living crisis pushed more shoppers through the doors of the discounters.
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NewsCity News: Naked Wines shares plunge on £15m loss
Naked Wines shares plunged to new multi-year lows this week after it fell to a £15m loss and downgraded earnings expectations amid a “slower than expected” start to its trading year
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Analysis & FeaturesFmcg’s global giants see record growth in OC&C Global 50 report
The world’s largest consumer goods companies surged to their highest growth in a decade last year, driven by soaring prices and solid sales volumes
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NewsCo-op Food MD Matt Hood vows to put more pressure on police over shoplifting
Co-op Food like-for-like sales were up 4% in the first of 2023 – but ‘leakage costs’ came to about £33m
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NewsCity News: Fever-Tree enjoys US boost but UK sales fall flat
Fever-Tree shares this week have been quite mixed following a sharp drop in profits as UK sales fell flat
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NewsLidl posts £76m loss after low price investment
Despite revenues climbing 18.8% to £9.3bn, the discounter made a loss before tax of £75.9m in the 52 weeks to 28 February 2023
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Comment & OpinionFrom Lidl to Waitrose, it’s hard to find a grocery retailer making it look easy
Investment and debt are two sides of the same coin
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Analysis & FeaturesFive things that will help and hinder Waitrose’s growth strategy
Waitrose is under the microscope as it seeks to transform major elements of the business. The Grocer asks what will stand in the retailer’s way
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NewsFreshways sales boost drives a ‘dramatic’ return to profitablity
The mid-market processor saw sales rise by 38%, while operating profit hit almost £3m, up froma loss of £4.6m in 2021
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NewsWaitrose boss hints at further price cuts as sales improve
‘Our value for money strategy is a long-term one, put it that way,’ James Bailey said
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NewsGousto losses spiral on growth reversal but return to profit expected in 2023
Losses have ballooned to almost £160m in 2022 at Gousto as costs spiralled and rapid growth reversed for the first time in the recipe kit supplier’s 11-year history.
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NewsCity snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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NewsCity snapshot: Profits plunge at palm oil producer MP Evans as prices stabilise
Profits have plummeted by 62% at London-listed palm oil producer MP Evans as record high prices in the wake of the Ukraine war returned to more normal levels.
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NewsPots & Co targets profitability after slashing its losses
Upmarket desserts player Pots & Co is aiming to move into profitability after slashing its losses, growing sales, and expanding in the US
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NewsCity News: WH Smith shares drop despite booming travel sales
WH Smith shares fell sharply this week despite booming travel sales, as a trading update raised concerns over slowing growth and a lack of upgrade in profit guidance