All Financial Results articles – Page 235
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Geest profits reach £34.4m while takeover looks likely
Convenience food manufacturer Geest has announced pre-tax profits of £34.4m for the year, which coincides with its recommendation that its shareholders accept a takeover bid from Icelandic food group Bakkavor, which values the convenience food…
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Disappointing festive sales for independents
Tesco may have posted record sales but the Christmas period wasn’t half as cheery for the independent retailers quizzed in our latest survey. Ninety per cent said Christmas was poorer or the same as previous years, with only a handful feeling...
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Supervalu reports rise in profits
US grocery retailer Supervalu has reported a 33% increase in its net profits to $64.9m for its third quarter to 4 December 2004, compared to $48.6m the year before. Sales for the quarter totalled $2.4bn, flat with the previous...
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Reckitt Benckiser records successful results
Reckitt Benckiser, household products manufacturer, reported stronger than expected results with a 15% increase in operating profit for its third quarter to £197m and an increase in net income of 23% to £151m.The company stated that the...
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Coles Myer expects strong full-year results
Coles Myer, the Australian supermarket retailer, is expected to report strong annual profits this week, aided by high consumer spend, cost cutting and a discount fuel offer, according to media reports.The company has also recently revamped...
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Coca-Cola profits hit by poor US sales
Coca-Cola warned yesterday that its sale for the second half of the year would disappoint investors.It blamed miserable weather and weaker sales in the American market for its poor performance.Shares fell 5% to a 16-month low on the New York...
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Coles Myer has strong fourth quarter
Australian supermarket and department store operator Coles Myer has released strong fourth quarter sales results.Turnover for the 13 weeks to 25 July increased 28.1% to A$8.6bn (£3.35bn), pushing annual sales up 19.4% to $32.3bn...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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The profitable paper chase
Is Morrisons about to jettison one of grocery’s most effective marketing tools? Robert McLuhan reportsFour years ago Safeway raised eyebrows when it dropped its loyalty card and national advertising in favour of door-to-door...
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John Henderson hires Doody as sales director
John Henderson, the Northern Ireland Spar wholesaler, has appointed a new sales director charged with growing its franchise business.Based at John Henderson’s head office at Mallusk, Co Antrim, Patrick Doody will develop and implement a...
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Sharing new ways of giving profits a boost
As the top multiples continue to invest in convenience formats, independents and smaller c-store chains need all the ideas they can get to fight their corner.As a result, CRS is dedicating areas which provide a wealth of inspiration for...
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Mike Coupe moves on with sales in growth
The Big Food Group has announced that Mike Coupe, managing director of Iceland, is stepping down in September after two years in the role.In its third quarter trading statement, BFG said Coupe would continue as MD until early...
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Safeway/BP link drives profits
Safeway has posted a 44% leap in interim profit from its convenience store joint venture with fuel giant BP.For the six months to October 11, Safeway said its share of the £6.9m partnership profit with BP would be £3.5m. Total sales...
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P&H profit exceeds MBO target
P&H McLane has reported profit well ahead of target in its first full year of trading following the £172m management buyout in February last year.Chairman Christopher Adams said the £13.5m profit before tax exceeded the MBO target by £4.1m...
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Aussies drill for oil shares…
Australia’s olive oil producers are launching an assault on the UK with two brands going into major multiples this month.Cobram Estate has secured a listing for its Murray Valley Blend in 550 Tesco stores.And fellow Aussie brand...
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Insurance costs fall by a quarter
Insurance premiums in the food industry have begun to fall following a peak in 2002, according to new research from insurance broker Aon.It found that food and drink companies were seeing reductions on 2002 of between 25% and 30%, in...
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Fat lady’s praise swells sales of Willow Water
Lakeland Willow Water has reported a sales surge of up to 700% in Waitrose after celebrity cook Clarissa Dickson Wright decided to champion the brand’s cause.The star, who found fame with her role in the Two Fat Ladies TV series, spotted the...
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Somerfield refits grow sales
Somerfield has revealed an upturn in sales growth in the second half of the year, to back its argument that the group is worth more than the £509m offered by John Lovering and Bob Mackenzie last month.The Bristol-based supermarket operator...
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A quarter of the major fmcg brands' websites contain no info
However, on the whole, the market has begun to embrace the internet as a valuable tool for communication, with 11% more brands having a product specific web presence than last year and 7% more brands having a web presence generally. Our...