All Financial Results articles – Page 29
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NewsCity News: Marks & Spencer hails massive growth but keeps forecast cautious
Marks & Spencer “blew the bloody doors off” with its first half results, enthused one analyst, but the strong outperformance didn’t lead to upgraded forecasts
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NewsTetley owner profits hit by soaring costs
The group delivered a 7% rise in annual revenues to £140.5m in the year to 31 March 2023, with growth across its key markets of the UK, Canada and Australia
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NewsInternational growth boosts sales but hits Butternut Box profits
Fast-growing fresh online dogfood operator Butternut Box almost doubled sales last year thanks to international expansion, but losses reached almost £25m as it continued to plough cash into growth
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Comment & OpinionBooths ripping out self-service tills is counter-cultural but comes at a cost
There’s no doubt that, as supermarkets have introduced more SSCOs, there has been growing disaffection
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NewsCity snapshot: B&M posts double digit sales and profit growth
B&M Bargains owner B&M European Value Retail has posted a double-digit hike to sales and profits in the first half as organic growth and new store openings boosted performance. Plus updates from WH Smith, Tate & Lyle, Domino’s Pizza Group, Henkel and Chapel Down
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NewsCity snapshot: M&S profits jump as food sales soar
Marks & Spencer’s pre-tax profits before adjustments jumped 75% in the first half of the year as it benefited from strong food sales and better than expected consumer sentiment
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NewsCity news: Sainsbury’s shares buoyed by market share gains
Sainsbury’s shares were buoyed this week by a higher than expected earnings projections as market share gains boosted sales in its first half results
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Comment & OpinionFood and drink supplier profit margins below 4%? Now that’s unsustainable
The Grocer OC&C 150 charts an alarming decline in food and drink profit margins
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NewsBeyond Meat to axe staff in turnaround attempt
Embattled vegan brand Beyond Meat is planning to axe 19% of its non-production employees in a move to drastically reduce costs
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NewsCity snapshot: Sainsbury’s ups profit guidance following market share gains
Sainsbury’s has said it expects to hit the upper end of previous profit guidance after making strong market share gains in the first half as it put food “firmly at the heart” of the business
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NewsFmcg profit warnings slow sharply in Q3
Profit warnings at retailers and suppliers have slowed significantly ahead of the golden quarter, according to the latest research
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NewsCity snapshot: Volumes fall at Coca-Cola Europacific Partners as bottler focuses on revenues and margin
Coca-Cola Europacific Partners has seen sales grow ahead of volumes in the third quarter as a result of mixed weather across Europe, higher prices and lapping strong comparatives last year. Plus, Heineken appoints new European president and Glanbia upgrades profit expectations.
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Promotional FeaturesHow to identify food manufacturers at risk of failure
As the UK economy struggles through multiple shocks, discover how food manufacturing businesses are using the latest technology to manage their risk and ensure they’re not affected by the financial distress of others.
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NewsCity News: Reckitt Benckiser’s £1bn share buyback fails to win over City
A £1bn share buyback was not enough to placate Reckitt Benckiser investors this week, as the consumer giant’s shares slid back on weaker-than-expected sales volumes
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NewsJohn West hit by 78% profits decline as shoppers trade down
John West profits have sunk by 78% as cash-strapped shoppers flocked to discounters and turned to own label to combat inflation.
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NewsCity snapshot: Rémy Cointreau hit by sharp US sales slowdown
French spirit maker Rémy Cointreau has slashed growth expectations after posting a double-digit drop in organic sales in its second quarter amid a slowdown of sales in the US
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NewsCity snapshot: Unilever sales growth slows as volumes remain in decline
Sales growth at Unilever slowed to 5.2% in the third quarter as pricing eased and volumes remained in decline. Plus trading updates from Danone, DS Smith and C&C Group
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NewsCity snapshot: Virgin Wines tumbles into the red as sales falter
Virgin Wines UK has fallen into the red as pressure on consumer spending hit revenues and rising costs hurt margins. Plus, Reckitt and Heineken Q3 volumes tumble on higher prices, while Nichols appoints a new CFO.
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NewsCoca-Cola sees boost to volumes despite higher prices
Coca-Cola has defied the trend for declining volumes at its global CPG peers as consumers kept buying its flagship drinks despite further price increases
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.