All Financial Results articles – Page 59
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News
City snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
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News
Kettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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News
City Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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News
Princes profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
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Comment and Opinion
Why did Aldi struggle this Christmas?
It’s already clear from the Kantar numbers, out this week, who the biggest ‘loser’ was this Christmas
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News
City Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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News
Online drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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News
Young’s & Karro register big sales growth after addition to Eight Fifty Food Group
It was the first time both companies had filed financial results since the creation of the ‘surf and turf’ umbrella group
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News
Morrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
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News
City snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
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News
One Below sees expansion opportunity as retail failures leave stores vacant
The chain is also negotiating better terms with landlords whenever leases come up for renewal, according to its accounts
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News
Fiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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News
Innocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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News
The Fresh Produce Centre posts operating loss, first full accounts show
Fresca Group’s recently formed retail-focused fresh produce business endured a ‘turbulent’ first full year of operating
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News
City Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
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News
Heart of England Co-op half-year update records soaring food sales
The society’s newest stores, including Rotherham Road in Coventry and Sketchley Brook in Hinckley, all recorded ‘significant’ increases
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News
City News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
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News
Plant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
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News
Compagnie Fruitiere eyes UK expansion as sales leap 28%
The French firm’s UK division principally supplies bananas to at least two major retailers
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News
Yeo Valley bounces back after restructure leads to 72% profit hit
The supplier saw pre-tax profits rise by 31.6% to just under £4m for the year to 31 May 2020