All Financial Results articles – Page 60
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News
City snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
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News
Nomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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News
Wholesaler Parfetts sees annual turnover leap 26% to £474m
Parfetts has also added 150 stores to its Go Local symbol group this year, taking it to 650 in total
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News
City snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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News
Farmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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News
Müller highlights restructure success despite posting £76m loss
The dairy giant’s Project Darwin cost-cutting strategy launched was launched in February 2019
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News
At-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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News
Contract loss and coronavirus hit profits at Branston maker Mizkan Euro
The maker of Branston pickle and Sarson’s vinegar has posted a sharp rise in pre-tax losses, amid mounting cost inputs and the loss of a private label contract.
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News
City snapshot: Second lockdown costs ABF £430m in lost sales
A second wave of coronavirus lockdowns has cost Associated British Foods £430m in lost sales, as Primark stores have closed across Europe. Plus, Pets at Home the latest retailer to pay back business rates relief and all the rest of the latest news from the City.
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News
2 Sisters trumpets turnaround plan after surge in profit
The poultry giant saw operating profits rise to almost £40m for 53 weeks to 1 August following a major shake-up of the business
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News
City Snapshot: Sainsbury’s to hand back £440m of business rates relief
Sainsbury’s has joined Tesco and Morrisons in handing back its business rates relief, which will cost the supermarket around £440m
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News
Symington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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Analysis and Features
Tesco business rates payback: the industry reacts
Industry and City analysts respond to Tesco’s repayment of £585m in government BR relief
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News
City News: Compass Group and Greencore provide reasons for optimism
This year will not be looked back on with any fondness by out-of-home eating specialists
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News
Second lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions
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News
Graze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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News
City snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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News
City snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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News
City Snapshot: Danone to cut global SKU count by up to 30%
French food group Danone is to cut its product range by up to 30% in a cost-cutting effort to return to profitable growth in 2021
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News
Mars blames virus outbreak for 2020 profit and sales slowdown
The coronavirus crisis exacerbated a tough 2020 for the UK arm of the company