All Financial Results articles – Page 43
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News
Riverford Organic sees profits fall after investing in people and packaging
The veg-box delivery business ramped up its marketing in a bid to grow customers after Covid-19
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News
City snapshot: ABF sales jump as commodity costs and inflation ease
Associated British Foods grew revenues by 20% in the quarter encompassing Christmas as it benefited from a less volatile inflationary environment, easing commodity costs and ‘resilient’ consumer spending
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News
City snapshot: Revenues sparkle at Chapel Down as market share grows
Sparkling wine sales at English producer Chapel Down have fizzed 53% higher as a record number of bottles of its premium offering were sold last year. Plus, consumer confidence turns a corner in the UK following 15 months of decline
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News
City News: Ocado misses out on yearly growth despite Christmas rebound
Ocado shares were rocked this week by its first drop in annual sales
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News
Lily’s Kitchen revenues soar in post-Covid pet ownership boom
Revenues at the natural petfood brand, which was snapped up by Nestlé in April 2020, shot up 31.6% in the year to 31 March 2022
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News
Superdrug Christmas sales up 16% as footfall recovers
Own brand lines were up 20%, while more shoppers took advantage of discounts for loyalty scheme members
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News
City snapshot: Premier Foods Christmas sales jump on grocery growth as it shuts factory
Premier Foods has posted double-digit growth in its crucial third quarter as it announces the proposed closure of its Knighton powdered beverage factory affecting 300 roles. Plus, trading updates from Hotel Chocolat, Deliveroo, Bakkavor and Finsbury Food Group
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News
City snapshot: Inflation slows again but food prices keep shooting higher
Food and drink prices continued to climb higher in December, but the UK headline rate of inflation slowed for the second month in a row. Plus, trading updates from WH Smith, Just Eat Takeaway and Eagle Eye
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News
Diageo shells out €260m-plus for ‘super premium’ Don Papa Rum
Diageo has agreed to acquire Don Papa Rum, a super-premium, dark rum from the Philippines, in a deal worth up to €438m (£385m)
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Comment & Opinion
Ocado couldn’t grasp the pandemic online opportunity. The new normal is even more of a nightmare
Ocado Retail’s new CEO Hannah Gibson put a brave face on some milquetoast results this morning
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News
Cook delivers record-breaking Christmas sales figures a year on from cyber-attack
Like-for-like retail sales, including local delivery and click & collect across its 94-shop estate, were up 22% from £12.6m in 2021 to £15.7m
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News
City snapshot: Strong Christmas week drives Ocado Retail to fourth quarter growth
Ocado Retail saw 15% growth in the days leading up to Christmas to drag its overall fourth quarter sales up 0.3% despite a sharp drop in basket sizes. Plus, Diageo makes rum acquisition and trading updates from Naked Wines, THG and McBride
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News
Fortnum & Mason will resume exports to Europe in 2023, after bumper Christmas
‘We can’t wait for the government establish better relations with the EU,’ CEO Tom Athron told The Grocer
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News
City News: Sainsbury’s, Tesco and M&S all post bumper Christmas sales
Soaring food price inflation and solid sales volumes combined to accelerate growth rates
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Comment & Opinion
Who won Christmas? The grocers, of course
It would have needed a spectacularly bad performance for a grocery retailer not to achieve at least some sort of sales growth
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News
Innocent pushed to £9.5m loss by Brexit-linked factory move
Smoothie maker Innocent Drinks has fallen into the red after splurging on a new purpose-built factory in the EU post-Brexit.
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News
Farmison marks Horsegate anniversary with new traceability scheme
The upmarket online butcher started rolling out front-of-pack QR codes across its whole cut range this month
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News
City snapshot: C&C Group warns strikes and cost of living will hit full year profits
Beer and cider producer and distributer C&C Group has warned rail strikes and cost of living pressures will hit its full year performance, despite strong trading in December
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News
Acquisitions boost Kettle Foods to £100m in sales for first time
Snack maker Kettle Foods has pushed sales above the £100m mark for the first time thanks to bolt-on acquisitions and increased own-label demand.
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News
Princes owner in search of buyer as sales fall sharply
The owner of tinned food giant Princes has kicked off a search for a buyer, as newly filed accounts revealed it suffered a sharp drop in sales and profits as surging Covid demand eased