All Financial Results articles – Page 44
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News
City Snapshot: Naked Wines shares sink as it warns of lower sales as customers return to bars and restaurants
Online wine retailer Naked Wines has warned sales for the year will be lower than forecast as consumers returned to bars and restaurants and drank less at home. Plus, Finsbury Food Group and Eagle Eye both issue trading statements ahead of AGMs.
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News
City Snapshot: McColl’s warns profits to miss forecasts as supply chain disruption intensifies
Embattled convenience group McColl’s has warned its profits will be even lower than expected this year after supply chain issues intensified in the fourth quarter. Plus, UK inflation rises sharply to highest rate in almost a decade.
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News
Diageo rolls out ambitious growth plans to capture a bigger share of drinks market
Shares in the group soared 3% higher when markets in London opened this morning as investors reacted to the news, with the stock hitting record highs of 3,935p
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News
City Snapshot: Premier Foods suffers declines as shoppers eat out once more
Revenues and profits have fallen at Premier Foods as the group lapped figures from a year ago when demand was elevated during the ongoing lockdown. Plus, the latest NielsenIQ grocery data, full-year results at Imperial Brands, new growth ambitions at Diageo and interim CFO appointment at Domino’s.
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News
Oatly shares crash as supply chain challenges lead to revenue warning at plant-based brand
Oatly has warned its growth will not hit the heights expected this year as the group suffered from a number of issues, including the UK HGV driver shortage
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Analysis and Features
OC&C 150 rankings: how the UK’s Top 150 food & drink suppliers fared in the pandemic
Some thrived, some lagged behind, but there’s more hurdles to come for the UK’s Top 150 food & drink suppliers
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News
Another M&S profit forecast hike earns the City’s confidence
Shares in M&S rocketed to two-year highs this week, after the second profit forecast hike of the year helped convince the City of its latest attempt to turn around fortunes
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News
Mowi Scotland profits hit by poor fish health and price deflation
The Scottish arm of Norwegian salmon giant Mowi also saw turnover fall last year
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News
City Snapshot: M&S lifts profits forecast as turnaround picks up pace
Marks & Spencer has upgraded its expectations for the year for the second time as its sales and profits leapt ahead of pre-pandemic figures.
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News
City Snapshot: Cake Box profits boom as it grows estate
Profits have more than doubled at Cake Box as customers flooded back to its stores after the end of lockdown.
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News
City News: Sainsbury’s bumper profits not enough to offset Argos concerns
Continued strong grocery performance was not enough to reassure investor concerns over increasing costs and tumbling Argos sales.
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News
Tunnock’s profits crash after missing pandemic biscuit boom
The business ceased production at its Uddingston factory in South Lanarkshire on 24 March 2020 for six weeks.
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News
Coconut Collaborative sees sales grow by 29%
The yoghurt alternative brand’s sales rose from £11.9m in 2019 to £15.2m in 2020.
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News
Mondelez upgrades sales outlook as it hikes prices to battle inflation
Cadbury owner is the latest fmcg giant to highlight the role of price increases as the industry continues to battle inflation
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News
City Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
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News
City snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
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News
Hopes rise for Reckitt Benckiser after troubled pandemic performance
The Dettol maker raised its full-year revenue forecast after a stronger third quarter than forecast
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News
Typhoo sets sights on return to profit after rationalising range
The tea supplier almost halved losses in the run-up to recent investment
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News
James Convenience Retail sales and profits suffer due to pandemic
The retailer temporarily closed 12 shops for a period of the financial year due to the pandemic
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News
‘Transformed’ CJ Lang doubles pre-tax profits as sales grow 9%
In the past year, the company has invested more than £2m in the rollout of its overarching food-to-go brand