All Financial Results articles – Page 34
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News
AF Blakemore sales soar 19% to £1.19bn
Key investments meant the group delivered a pre-tax loss of £3.3m, down from a pre-tax profit of £6m in the previous year
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News
Poundland closes all Fultons Foods stores as frozen range rolls out across its own estate
A trading update also revealed a shake-up ahead for Poundland’s clothing and GM buying team
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News
City News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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News
Meadow Foods reports strong growth with sales and profits up
Meadow attributed its growth to rising milk and dairy ingredient prices, alongside “some volume growth” of ingredients, while exports performed solidly
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News
City snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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News
City snapshot: Naked Wines turnaround takes shape despite fall into the red
Naked Wines has slipped to a loss in the first half but pointed to an improvement in underlying profitability as it embarks on a new strategy to turn the group’s performance around.
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City News: Greencore shares plunge despite food to go recovery
Prepared food group Greencore posted a huge jump in sales and profits this week, but its shares fell on worries over its outlook
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News
City snapshot: International restructuring sends Hotel Chocolat to £8.7m annual loss
Costs arriving from the retrenchment of its international business send Hotel Chocolat to a annual loss of £8.7m despite strong sales growth in the UK as in-store revenues bounced back
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Comment & Opinion
Greencore’s shifting sales mix spells trouble ahead for UK suppliers
Prepared food group Greencore posted a huge jump in sales and profits this morning as the food-to-go market roared back from Covid lows – but why did it promptly lose 8% of its value?
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News
Wilko falls to staggering loss as high streets struggle
Total sales fell by £43.2m to £1.32bn, while like-for-likes dipped by 3.1%, according to accounts newly filed at Companies House
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News
City snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.
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News
City News: Bakkavor shares tumble on warning of lower profits
While sales volumes had held up through the summer, they had taken a downward turn in September
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City snapshot: Collect+ growth boosts PayPoint sales
Retail technology firm PayPoint has posted a rise in first half revenues and comparable profits despite a “challenging and unpredictable economic environment”
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News
Bakkavor shares sink as volumes come under pressure
Shares in Bakkavor have plunged as the prepared foods group warned annual profits would be at the lower end of forecasts as volumes took a hit from the squeeze on consumer spending power.
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News
City snapshot: Britvic sales and profits fizz during hot summer
Revenues and profits at Britvic have fizzed higher as the group’s range of soft drinks proved popular over a hot summer and the out-of-home market recovered from the pandemic. Plus, Bakkavor warns of volume hit in Q3 and Pets at Home reports interims.
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News
City Snapshot: Price hikes boost Cranswick sales but profits slip on cost recovery delays
Meat and poultry specialist Cranswick has posted a double-digit rise in first half sales on strong pricing, but profits were dented by the lag in recovering soaring inflation
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News
City snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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News
Lidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season
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News
City snapshot: Lidl wins new shoppers ahead of Christmas as annual sales increase
Annual revenues at Lidl have increased as it continued to attract new shoppers looking to cut down on household spending. Plus, a trading update from Finsbury Food Group.
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News
DX Group appoints Mark Hammond as executive chairman
Hammond will take over from retiring chairman Ron Series, who spent five years at the business