All Financial Results articles – Page 42
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Comment and Opinion
How Sainsbury’s is forcing inflation to work in its favour
The number of lines matching Aldi slipped in the run-up to Christmas, but two moves show it’s back on the programme
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News
Sainsbury’s pledges to keep prices low amid mounting food inflation
CEO Simon Roberts said he was committed to giving customers “the best value to really support them”
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News
City Snapshot: Sainsbury’s lifts profit forecasts despite Christmas sales slump
Sainsbury’s has lifted its profit guidance for the year despite a fall in sales over the key Christmas trading period. Plus, Just Eat Takeaway misses full-year growth target, and Vimto maker Nichols issues full-year trading update.
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News
City snapshot: Lidl claims crown as the UK’s fastest growing bricks and mortar retailer over Christmas
Lidl GB posted annual sales growth of 2.6% over the Christmas period, claiming its festive performance places it as the country’s fastest growing bricks and mortar retailer for the second year running
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News
Booths sees 6.5% sales growth over Christmas trading period
COO Nigel Murray said he was “delighted” to report growth on growth figures for a third consecutive year
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News
City Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.
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News
Positive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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News
Princes’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
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News
Omicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
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News
William Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
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News
Lily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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News
City Snapshot: C&C Group Christmas trading hit by Omicron
Magners producer and beer and wine distributor C&C Group has warned that its profits could be impacted by a significant downturn in trading in December amid the spread of the Omicron Covid variant
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News
Boots comparable sales up 16.3% in three months to 30 November
Boots’ online sales were nearly double pre-Covid levels, according to today’s trading update
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News
City snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
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News
City Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
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News
Camden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.
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News
Yeo Valley profits rise as demand for health-focused yoghurt soars
Newly filed accounts for Yeo Valley Production for the year to 30 May 2021 showed sales were up 5% to £265m
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News
Online grocer Farmdrop cancels Christmas deliveries as it falls into administration
Online grocer Farmdrop has ceased trading after failing to secure the funding needed for its survival, The Grocer has learned
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News
Finnebrogue posts £50m growth across group of businesses
The total of £148.7m was 48.7% higher than the £100m (annualised) turnover of the three businesses during the previous 12 months
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News
City snapshot: Ocado sales dented by labour shortage
Ocado sales fell back 4% in its fourth quarter as labour shortages, temporary capacity contrants and the normalisation of consumer shopping behaviour dented the online supermarket’s growth. Plus, store growth boosts Pepco’s profits and grocery sales fall back in November.