All Financial Results articles – Page 42
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NewsHeura continues rapid expansion as first-half sales double
Plant-based supplier Heura has doubled sales in the first six months of 2022 as it expanded distribution of its range across Europe.
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NewsCity News: Ocado’s whopping £211m loss leaves City sceptics feeling justified
Ocado has never been best known for making a profit, but plunging to a £211m loss in the first half went some way to justifying investor scepticism so far this year
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News2 Sisters hit by labour crisis and cost hikes
Losses almost tripled at UK chicken giant 2 Sisters last year as rising commodities costs and labour shortages hit its bottom line
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NewsCity snapshot: Ocado falls to £211m first half loss amid retail slowdown
Ocado has posted a £211m first half pre-tax lox amid a fall in retail sales as trading was hit by tough comparatives the rising cost of living crisis. Plus Britvic posts ‘robust’ first half growth, M&S CFO to depart and all the latest news from the City.
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NewsFirst Milk sees sales grow, but profits fall back in challenging market
The supplier said a need to pay higher milk prices to farmers facing soaring costs had impacted on operating profits
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NewsPremier Foods hails growth as its brands appeal to cash-strapped shoppers
Premier Foods has reported a “strong start” to the year as its stable of noodles, sauces and stock cubes helped shoppers in search of cheaper meals.
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NewsCity Snapshot: Food prices rise faster than headline rate of inflation
Food and drink prices have soared higher than the headline rate of inflation in June as sharp rises in input costs fed through to supermarket shelves. Plus, Premier Foods reports a “strong start” to its financial year; and Finsbury Food Group issues a pre-close trading update.
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Comment & OpinionHotel Chocolat’s US retreat has dismayed the City, but the long-term plan is key
The decision to ‘de-risk’ the multinational chocolate business sent shares falling to an all-time low this morning
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NewsRising costs trigger surge in profit warnings in first half of 2022
A record number of grocery stocks issues profits warnings in the first half of 2022 as spiralling costs squeezed margins and consumers tightened purse strings.
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NewsCity snapshot: Deliveroo slashes sales outlook as cost-of-living crisis squeezes consumers
Top story Deliveroo has downgraded its sales forecasts for the year as squeezed consumers cut back their spending on takeaways. In a trading update, the group revealed gross transaction value (GTV) growth for the second quarter plunged to just 2%, compared with 12% in the first three ...
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NewsCity snapshot: FeverTree issues profits warning on soaring costs
FeverTree has lowered its annual profits forecast as a result of increasing cost pressures and labour and glass shortages
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NewsCity snapshot: SSP Group sales continue to rebound on travel sector recovery
Travel retail player SSP Group has continued to rebuild revenues after Covid, with third quarter sales back up to 87% of pre-pandemic levels. Plus trading updates from McBride and Poundland owner Pepco Group.
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NewsMeat snacks player New World Foods sales jump on protein snacking growth
Kings, Wild West and Cruga owner New World Foods has posted a double digit jump in sales and profits in the run-up to its acquisition by Valeo Food Group last year.
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NewsCity Snapshot: JD Wetherspoon calls for tax equality with ‘far more profitable’ supermarkets
JD Wetherspoon has called for tax equality between pubs and supermarkets as the group reported its losses for the year would be larger than expected. Plus, spirits group Distil issues a trading update and KKR’s acquisition of drinks bottler Refresco completes.
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Analysis & FeaturesShare price slump: who has struggled the most in food and drink?
It’s been a turbulent six months on the Stock Exchange. So who’s struggled the most? Who’s least affected? And is there any stock actually still growing?
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NewsCity snapshot: Record palm oil prices boost Dekel Agri-Vision
Dekel Agri-Vision has been boosted by record high prices for palm oil despite falling volumes at its operations in the Ivory Coast.
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NewsCity News: Sainsbury’s boosted Q1 sales not enough to offset inflation fears
Sainsbury’s tumbling share price received some respite this week after it posted better-than-expected first-quarter sales figures – but fears over the impact of the cost of living crisis continue to weigh on the stock
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Analysis & FeaturesIs Beyond Meat beyond hope? And what its slump says about the other plant-based players
Beyond Meat was on fire following its 2019 IPO, yet it’s since crashed and burned. The fall raises questions for the entire plant-based sector
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NewsWarburtons sales juggernaut rolls on but profits hit by increasing costs
UK bakery giant Warburtons held on to sales gains from the pandemic spike last year, but profit margins were hit by mounting costs
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NewsHaribo boosted by rebound in impulse
Haribo grew domestic UK sales last year despite “challenging” conditions for the category, with double-digit growth in early 2022 as impulse sales have rebounded