All Financial Results articles – Page 43
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News
City Snapshot: Boots explores sale of Aromatherapy Associates
Boots is set to sound out potential buyers for Aromatherapy Associates, according to reports. Plus, CBD brand Love Hemp reports boost in annual revenues.
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News
City News: Investors stick with SSP Group despite Omicron wobble
The Omicron Covid variant may have wobbled travel food retailer SSP Group’s ongoing recovery, but investors remained unshaken this week by a second £400m loss and the threat of further travel disruption
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News
City snapshot: Packaging demand boosts sales and profits at DS Smith
FTSE 100 packaging player DS Smith grew revenues and profits at a double-digit rate in the first half of its financial year driven by strong demand from the ’resilient’ fmcg sector.
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News
City Snapshot: McColl’s warns of continued supply chain disruption as revenues fall by £140m
McColl’s has warned it will continue to be hit by supply chain shortages as the c-store group revealed revenues tumbled 11.2% to £1.1bn in 2021. Plus, SSP sinks to another loss of more than £400m, and Nestle sells 4% of its L’Oreal holding.
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News
Bread Holdings profits hit record levels despite Covid challenges
A boom in demand for premium bread throughout lockdown helped the business as it focused on selling the Gail’s and Bertinet brands in supermarkets.
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News
EG Group hails performance of foodservice brands in Q3
Revenues at EG Group soared more than 20% in the third quarter thanks to its growing foodservice business
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News
City snapshot: Greencore returns to profit on food to go recovery
Food to go specialist Greencore has returned to profit as revenues recovered due to the relaxation of Covid restrictions. Plus, updates from Treatt, Marston’s and all the rest of the latest news from the City.
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Comment and Opinion
Booming plant-based brands should heed the category’s US slowdown
Product overload and health concerns have slowed growth of the meat-free market in the US
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News
Asda charters cargo ship to shore up Christmas supply
Asda has chartered its own cargo ship to protect the availability of key festive products including decorations, toys, clothing and gifts
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News
Irn-Bru maker AG Barr’s shares fizz higher on profits upgrade
The group continued to benefit from the return of trading with the hospitality industry and consumers drinking out of the home again.
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News
One Stop reports 10.7% pre-tax profit slide but revenue spikes
As of February, store numbers were back in growth across its company-owned estate at 701 sites
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News
City Snapshot: McColl’s expands Morrisons Daily conversion programme
Embattled McColl’s Retail Group has agreed an extension with wholesale partner Morrisons to convert a further 100 of its stores to the Morrisons Daily fascia. Plus, AG Barr upgrades full-year profit expectations as recovery continues.
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News
Graze battles fall in impulse while DTC business drops again
Bought by consumer giant Unilever in February 2019 as a DTC play, Graze was not able to offset the loss of sales in impulse
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News
Tonic wine Buckfast hits the buffers as Covid dampens demand
Newly filed accounts for Buckfast distributor J Chandler & Co show sales reversed by 10.8% in the year to 31 March 2021
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News
Kitwave profits better than expected as Covid recovery gains momentum
Kitwave has upgraded profit expectations as trading recovered to pre-pandemic levels and the wholesaler escaped the worst of the HGV driver crisis
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News
City snapshot: Rémy Cointreau upgrades guidance as sales surge past pre-pandemic levels
French spirits player Rémy Cointreau has upgraded its full year guidance after first half revenues jumped 52% driven by the global recovery from Covid. Plus results from Paypoint, Mitchells & Butlers and all the rest of the latest news from the City.
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News
Lidl GB CEO: this Christmas ‘much harder work’ than any before
Lidl is in a much better place than 12 weeks ago, and expects to a deliver a great Christmas for customers despite new isolated issues daily
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News
City Snapshot: Lidl targets 1,100 stores by 2025 as sales and profits rise
Lidl has committed to opening another 235 stores across the UK, creating up to 4,000 jobs. Plus, Britvic reveals 12% dividend following ‘strong’ recovery from the pandemic.
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News
City snapshot: Poultry growth compensates for weaker pork sales at Cranswick
Meat giant Cranswick has brushed off a drop pork retail and export sales amid a shortage of butchers to grow first half revenues and profits on increased sales poultry and other categories. Plus results from Compass Group and Pets at Home and all the rest of the latest news from the City
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News
British Land repurposing retail park space as part of £600m urban logistics development plan
The property company sees additional value in retail parks because features such as ease of access by vehicle make them well-suited to repurposing to meet growing online demand