All Financial Results articles – Page 35
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NewsCity snapshot: Premier Foods grows profits and sales as shoppers stay home to cut costs
Squeezed shoppers have turned to Premier Foods’ stable of household brands as they cut down on eating out, boosting sales and profits at the supplier group. Plus, inflation hits 11.1% as food prices soar at fastest rate since 1977, Deliveroo exits Australia, McBride warns of continued cost pressures, and Eagle Eye acquires French personalised promotions firm
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NewsCity snapshot: Supermarket volumes set to fall this Christmas as shoppers retreat from rising prices
Shoppers will buy less and more carefully this Christmas as the rising price of groceries continues to put pressure on households, according to the latest industry research. Plus, full-year profits tumble at Imperial Brands and Wincanton posts strong first half
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NewsOatly plans redundancies on downgraded outlook and spiralling losses
Oatly is planning to slash its employee headcount as part of a package of cost-cutting measures
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Comment & OpinionTurning Asda around won’t be easy, but recent moves point to a newfound optimism
Asda has successfully focused on factors that have proven winners in the cost of living crisis: value and loyalty
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NewsBirds Eye sales growth freezes as demand falls from pandemic highs
Revenues at Birds Eye have fallen for the first time in four years
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NewsCity snapshot: Cake Box profits squeezed by rising costs
Profits have crumbled at fresh cream cakes retailer Cake Box as rising ingredients costs and low consumer confidence put pressure on the group’s bottom line. Plus, PZ Cussons agrees a new £325m credit facility
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NewsCity News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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Analysis & FeaturesThe Big Squeeze: OC&C 150 supplier rankings 2022
Britain’s biggest suppliers are already squeezed by soaring inflation. Now with tax rises and a recession on the way, it’s unlikely to get any easier
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NewsCity snapshot: OC&C 150 illustrates pre-crisis recovery for big food businesses
The UK’s 150 biggest suppliers bounced back to the industry’s highest growth rate for three years ahead of the cost-of-living crisis earlier this year.
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NewsBirds Eye owner Nomad hikes prices to boost sales
Nomad has delivered ‘strong’ sales growth in the third quarter after raising its prices by more than 10% to offset soaring input costs
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NewsCity snapshot: WH Smith back in the black as travel recovery takes flight
WH Smith has swung back into the black as its travel division experienced a significant recovery from the pandemic. Plus, interims from B&M and Tate & Lyle, and Q3 updates from Haleon and Domino’s Pizza.
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NewsCity snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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NewsABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.
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NewsHilton Food Group warns of lower profits amid slow progress passing on inflation
Shares in Hilton Food Group have slumped following another profits warning
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NewsCity snapshot: Record high grocery inflation sends shoppers flocking to Aldi and Lidl
Grocery price inflation has hit a new record high resulting in cash-strapped households turning to the discounters and own-label ranges to manage stretched budgets, according to the latest Kantar figures. Plus, annual results from Associated British Foods, a trading update from Hilton Food Group, a Q3 update at Coca-Cola HBC, the latest monthly data on retail sales from BRC-KPMG and consumer spending from Barclaycard, and Britvic is searching for a new CFO.
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NewsSainsbury’s commits to investment in price despite profit drop
Sainsbury’s has vowed to continue its investment in price despite soaring food price inflation eating into first-half profits
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NewsHyperama sells its remaining two depots to Dhamecha
The sale of the Nottingham and West Bromwich sites follows last month’s agreement to offload its Peterborough depot to London-based wholesaler Holland Bazaar
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NewsSainsbury’s CEO Simon Roberts cautious over Christmas as cost of living bites into shoppers’ budgets
Roberts said he expected customers to shop early and “spread out the cost of Christmas”, as well as reduce basket spend
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NewsCity snapshot: Sainsbury’s sales bounce back to growth but profits slide on investment in price
Sainsbury’s has posted an improved second quarter sales performance, but profits were hit by investment in price amid soaring inflation
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NewsCity News: Unilever improves forecast but warns of further inflation
Unilever upped its full-year growth forecast this week as double-digit price hikes continue to drive strong organic growth – but investors reacted cautiously amid warnings of further inflation.