All Financial Results articles – Page 57
-
NewsCity Snapshot: John Lewis cuts losses but exceptional costs leave it in the red
The John Lewis Partnership has bounced back from a £635m loss in its first half of 2020, but remains in the red. Plus interim results from The Co-op and Hilton Food Group, while Phillip Morris declares victory in Vectura battle.
-
NewsCity snapshot: International growth drives 36% Fever-Tree sales rise as margins slide
Premium mixers suppliers Fever-Tree has posted a 36% rise in year-on-year revenues in the first half of the year, though rising cost pressures meant margins contracted
-
NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.
-
NewsJTF stores begin reopening after sale of chain to Poundstretcher owners
JTF’s Tamworth store reopened on Thursday (10 September) selling a “large range of cleaning, toiletries, food and drink, home, garden and much more”
-
NewsYo Sushi owner counteracts restaurant sales drop with more supermarket counters
Yo Sushi parent company Snowfox suffered a sharp drop in sales as stores were forced to shut in pandemic, but it continues to grow its supermarket presence to mitigate the impact
-
NewsCity snapshot: ABF ups profit guidance on sugar and Primark outperformance
Associated British Foods has raised its full year profit guidance after the fourth quarter margin performance of Primark and its sugar business beat expectations
-
Analysis & FeaturesOC&C Global 50 food and beverage report and ranking: the impact of Covid-19
The world’s 50 biggest fmcg giants have seen growth slow, though they have outpaced smaller players. As restrictions ease, how permanent is the new dynamic?
-
NewsMorrisons warns of ‘industry-wide retail price inflation’ later this year
The pandemic, rising commodity costs, freight inflation and the shortage of HGV drivers across the UK were all putting pressure on prices, it said
-
NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.
-
NewsSpanish food wholesaler Mevalco sees record sales post-pandemic
The wholesaler told The Grocer it had been performing at record levels on a consistent week-on-week basis since lockdown ended in May
-
NewsJW Filshill sees profits more than double as convenience boom offsets Covid costs
Turnover jumped 23% to £191m in the year to 31 January 2021
-
NewsPoundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
-
NewsBorder Biscuits takes pandemic hit from out-of-home sales slump
Premium snacks supplier Border Biscuits saw a double-digit drop in sales last year as the coronavirus pandemic hit out-of-home sales, but expects to return to growth this year as the out-of-home market reopens.
-
NewsCity News: WH Smith recovery set back by profit warning
A mixed update said trading in the eight weeks to 28 August had been better than expected
-
NewsAsda confirms plans for hundreds of convenience stores on EG forecourts
Twenty-eight ‘Asda on the Move’ stores are to open on EG Group forecourts this year, with a target of 200 by the end of next year and more in 2023
-
NewsSouth Caernarfon Creameries racks up record profit
The Welsh business shrugged off pandemic-based challenges to post operating profits of £3.4m in its latest accounts
-
NewsCity snapshot: CCEP sales rebound as easing of Covid restrictions boosts consumption
Coca-Cola Europacific Partners has reported ‘strong’ first half performance as volumes recovered in the second quarter as coronavirus restrictions eased across key territories.
-
NewsCity Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
-
NewsBurts sustains growth surge despite foodservice sales fall
Premium crisps brand Burts Snacks maintained its surging growth last year despite a collapse in foodservice sales
-
NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.