All Financial Results articles – Page 53
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NewsGraze 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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NewsTonic 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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NewsKitwave 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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NewsCity 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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NewsLidl 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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NewsCity 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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NewsCity 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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NewsCity News: Premier Foods weathers mini sell-off as it faces tough comparatives
As consumers returned to out-of-home eating, the business came up against last year’s Covid-elevated figures.
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NewsBritish 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
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NewsCity 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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NewsCity 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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NewsDiageo 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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NewsCity 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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NewsOatly 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 & FeaturesOC&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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NewsAnother 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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NewsMowi 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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NewsCity 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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NewsCity 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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NewsCity 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.