All Financial Results articles – Page 61
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NewsCity snapshot: ABF grocery sales fall but Primark recovery drives revenue jump
Associated British Foods has reported a 47% jump in third quarter revenues as the re-opening of Primark stores mitigated a modest decline in grocery sales. Plus, Supreme buys SCI-MX, trading updates from PZ Cussons and C&C Group and all the rest of the latest news from the City.
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NewsCity Snapshot: Supermarket price war keeps lid on inflation fears
Food prices have fallen for a third month in a row as the supermarkets continue to fight it out to attract shoppers from rivals, according to new data. Plus, record full-year results for Cake Box; and Treatt CFO Richard Hope to retire after 20 years with the ingredients company.
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NewsCity Snapshot: Greggs sales recovery continues at stronger-than-expected pace
Greggs has continued to see customers flooding back to its stores in greater than expected numbers since the relaxing of coronavirus restrictions, the high street bakery chain said in an unscheduled trading update. Plus, Coca-Cola HBC acquires minority stake in premium Italian coffee company Caffè Vergnano.
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NewsPub closures see annual sales tank at alcohol wholesaler LWC Drinks
Booze wholesaler LWC Drinks saw revenues plunge by 42% last year as it suffered from pub and leisure closures.
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NewsWhitworths returns to profit following Covid sales boom
The dried fruit supplier has bounced back into profit as the boom in healthy snacking and home baking during the pandemic drove a 19% jump in sales
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NewsHelloFresh makes first profit in UK amid rocketing demand
Meal kit giant HelloFresh made its first profit in the UK last year as booming sales during the pandemic led to increased profitability.
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NewsCity snapshot: Store estate expansion drives Pepco profit and sales growth
Newly listed Poundland owner Pepco Group has announced an increase in first half revenues and profits as the addition of new stores mitigated the impact of Covid shop closures and lower footfall in its UK stores.
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NewsElla’s Kitchen defies slump in babyfood to increase revenues
Ella’s Kitchen has defied a pandemic-driven slump in the babyfood category to grow revenues and market share in the UK
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NewsCity snapshot: Tesco first quarter sales top record 2020 lockdown surge
Tesco has grown its first quarter sales despite the unprecedented surge in demand during the first coronavirus lockdown period in the corresponding quarter last year. Plus, ONS retail sales figures show surprise May slowdown and all the rest of the latest news from the City.
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NewsCity Snapshot: Distil reports 'significant' growth as UK grocery launches offset Covid losses
Drinks group Distil has significantly increased revenues and profits despite Covid disruption as it shift to grocery and online retail helped offset lost business elsewhere. Plus, agricultural supplies group Wynnstay appoints a non-executive director.
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NewsHighland Spring falls to £2.7m loss after ‘disappointing’ year
Bottled water brand Highland Spring fell to a £2.7m pre-tax loss in 2019 and suffered further sales slumps in 2020
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Analysis & FeaturesHow Britain’s 50 fastest-growing food and drink companies beat the pandemic
Fast-growing food and beverage firms faced huge challenges during the pandemic, but while some have suffered many have thrived
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NewsCity Snapshot: Naked Wines pre-tax losses double despite sales surge
Booming online sales of wine helped propel Naked Wines’ annual revenues up 68% year-on-year, but the company remains loss-making as it continues to invest in new customers and growth.
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NewsLosses continue to mount at beleaguered Thorntons
Revenues fell 15% to £103.7m for the year ended 31 August 2020, with pre-tax losses widening to £37.7m.
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NewsAsda claims a rebound is underway after revealing big profits slump
Operating profit slumped by almost 16.7% last year to £486.5m thanks to Covid-related costs
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NewsMorrisons shareholders vote against payout for David Potts
The vote came after a rebellion by investor advisory groups, who recommended shareholders vote against the report, including a whopping £1.7m bonus for the CEO
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NewsSales at Bidfood affected by coronavirus-hit final three months of financial year
According to results filed this week, turnover had been outperforming the previous year up until the start of the pandemic
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NewsCity snapshot: Finnish dairy group Valio mitigates domestic decline with Chinese exports growth
Finnish dairy group Valio saw sales rise 1.2% in 2020 as a plunge in food service sales was mitigated my increased exports.
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NewsCity snapshot: SSP Group slumps to £300m loss as Covid continues to hammer Upper Crust owner
Upper Crust and Ritazza owner SSP Group has fallen to first-half pre-tax losses of £300m as the ongoing coronavirus restrictions wiped out revenues. Plus, the European Commission has given Total Produce the all clear for its combination with Dole Food Company.
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NewsCity News: B&M shares fall on expectation it can’t ‘improve on perfection’
Having absorbed B&M European Value Retail’s surging annual sales and doubling of profits, the market promptly sent the discounter down 5%