All Financial Results articles – Page 28
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News
One Below boosts sales by 23% as estate grows and rebrand continues
Accounts at Companies House set out how the chain is rebranding to One Beyond, reflecting a new pricing strategy
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News
Samworth Bros commits £100m investment following Covid rebound
Samworth has pledged to invest more than £100m in growth over the next two years after bouncing back from Covid
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News
Burton’s Biscuits sees category share increase as its sales rise
Revenues climbed 7.4% to £295.2m in the 53 weeks to 31 December 2021 – compared with 11.5% in 2020 – thanks to the expansion of its private label business and successful branded NPD, as well as some price increases.
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News
Itsu’s Julian Metcalfe forecasts £100m in supermarket sales ‘very easily’
Founder Julian Metcalfe told The Grocer he expected the “extremely rapid” growth of the group’s grocery arm to continue in 2022 and beyond despite soaring costs and a squeezed consumer.
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News
Boots recovery boosted by heatwave as footfall picks up
An ongoing turnaround at Boots has been boosted by an uptick in footfall at its city centre stores and travel outlets at airports and train stations as consumers prepared for summer holidays
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News
CJ Lang focussing on value with promotions and extra staff discounts
Rising costs, however, meant the Spar wholesaler had to introduce a fuel surcharge in August for independent retailers at £10 per delivery
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News
Filshill increases profits by 17% despite ‘challenging market’
The business said whilst sales and operations were heavily impacted by the pandemic, it had minimised disruption with tight controls to deliver growth
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News
City snapshot: Poundland attracts new customers as cost-of-living crisis grows
Poundland has benefitted from cost-conscious consumers managing tight household budgets to grow sales over the past year.
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News
Pasta Evangelists sales nearly double on omnichannel growth
Fresh Italian food specialist Pasta Evangelists almost doubled revenues following its sale to Barilla, although it warned the DTC market has slowed in 2022
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Analysis and Features
What do soaring interest rates mean for debt-laden Morrisons and others?
Moody’s cited Morrisons as a prime example, with its £6.6bn debt
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News
Ramsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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Comment and Opinion
Who is Tesco’s Aldi Price Match campaign benefiting most: Tesco… or Aldi?
Tesco’s repeated value benchmarking of Aldi in a cost of living crisis will be a ‘marketing case study in years to come’
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News
Booker freezes prices on 450 catering lines
The wholesaler will lock prices on popular products such as premium frozen chips from 5 October until 3 January
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News
Tesco cuts 325 head office roles as part of £500m efficiency drive
The supermarket said staff had been informed of the cuts late last month, though they were not mentioned at this week’s results call
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News
City snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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News
Tesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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News
City snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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News
City snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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News
KP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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News
McBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.