All Financial Results articles – Page 61
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News
City snapshot: Naked Wines sales soar as consumer discover online wine
First-half revenues at Naked Wines have soared 80% to £157.1m as consumers flocked to online as the coronavirus outbreak hit the UK. Plus Vimto maker Nichols is considering redundancies across its operations as the Covid pandemic continues to hammer the soft drinks market; European supermarket group Ahold Delhaize acquires online US grocer FreshDirect, and a trading update from Finsbury Food Group.
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News
City snapshot: Delayed harvests hit revenues at Origin Enterprises
International agri-services group Origin Enterprises has experiences a double-digit revenue drop in the first quarter as delayed harvests hit revenues. Plus, Wynnstay upgrades full year profit expectations, British Land loses £730m and all the rest of the latest news from the City.
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News
City snapshot: Profits and sales rise at Imperial Tobacco as lockdowns boost tobacco consumption
Imperial Tobacco has posted a rise in annual sales and profits despite a collapse in duty-free travel sales as coronavirus lockdowns have boosted at home tobacco consumption.
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News
Salad supplier G’s records Covid-19 sales boost but margins tighten
Running to 2 May 2020, G’s Group’s annual accounts showed profitability narrowed despite increased sales
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News
City snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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News
City snapshot: Lockdown and Covid costs drive WH Smith to £280m loss
WH Smith has fallen to a £280m loss as the due to the coronavirus-driven closure of stores and a slump in its travel business.
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News
City snapshot: Coca-Cola HBC puts fizz back in trading as countries emerge from lockdown
Coke bottler Coca-Cola HBC has reported “strongly” improved trading in the the third quarter as its markets across Europe and Africa reopened, but volumes cotinued to be affected by the ongoing coronavirus pandemic. Plus, grocery tech firm Eagle Eye has signed a five-year agreement with Australian retail chain Woolworths Group, and markets continued to rally yesterday on vaccine hopes.
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News
Premier Foods wins over consumers during lockdown as sales boom
Premier Foods boss Alex Whitehouse is confident the group can hold on to the wave of new shoppers flocking to its household favourites
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News
City snapshot: Premier Foods upgrades profits outlook after ‘exceptional’ half
Premier Foods has raised its profit expectations for the year after “exceptionally” strong first-half results as consumers flocked back to its stable of household brands during the coronavirus pandemic. Plus, the latest Kantar and Nielsen supermarket data shows no sign of rampant panic buying after the new lockdown was announced. And the latest BRC-KPMG retail sales report. Finally, a host of food and drink stocks rallied yesterday after the hopeful vaccine announcement by Pfizer.
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News
St Austell Brewery records £10m first-half loss
St Austell Brewery has plunged to a loss of £10m in the first half of 2020, despite record supermarket sales during the coronavirus pandemic. Total turnover collapsed by 90% when all 178 of its pubs and hotels were forced to close in March as the country went ...
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News
Kilo yoghurt pot sales offset decline at Lancashire Farm
The Rochdale-headquartered dairy said retail volumes were up as much as 40% in March and April
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News
CJ Lang reports 18% sales growth since April
The Scottish Spar wholesaler this week reported a 3.4% increase in sales for the year to 31 April
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News
Sainsbury’s to permanently close in-store counters and 420 Argos stores
Retailer has warned that 3,500 roles could be impacted by the changes
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News
City snapshot: Sainsbury’s sales soar more than expected as UK enters second lockdown
Sales and profits have surged at Sainsbury’s as the country continues to battle the coronavirus pandemic. The group also announced a strategy update, which included the closure of a further 420 Argos standalone stores. Plus, Tate & Lyle and Wincanton report first-half results.
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News
M&S ‘lobbying hard’ for Sunday trading extension
CEO Steve Rowe said it would give people more time to shop for food safely in the run-up to Christmas
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News
City snapshot: Primark closures drive ABF sales and profits plunge despite grocery growth
Associated British Foods has posted a double-digit drop in annual sales and profits as the strong performance of its grocery businesses was unable to fully mitigate the closure of its Primark stores during lockdown.
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News
City snapshot: Lower Covid costs boost profits at Groupe Casino
French grocery giant Groupe Casino has posted a rise in sales and earnings in the third quarter as strong performance in Latin American was helped by improved profitability in France as Covid costs reduced. Plus, losses as Tasty mount, Carrefour sells payments arm for €300m and the rest of the latest news from the City.
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News
Kraft Heinz reports Q3 coronavirus pandemic sales boost
Sales at Kraft Heinz have experienced a boost in the third quarter as consumers continue to drive growth at global food groups during the coronavirus pandemic.
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News
Kellogg upgrades sales forecast on demand for Pringles and cereal
Kellogg has become the latest global fmcg giant to reveal better-than-expected results as shoppers continue to buy more of its portfolio of brands while spending more time at home during the ongoing coronavirus crisis.
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Analysis and Features
The true cost of upheaval: the OC&C Top 150 Supplier Index 2020 report
Suppliers are counting their costs as coronavirus, recession and Brexit are offset against one another