All Financial Results articles – Page 62
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NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.
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NewsTesco opens new UFCs as online expansion steps up a gear
The Grocer can reveal the latest site will be the Horwich Extra store, in Bolton
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
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Comment & OpinionThe results are in and the winner is… grocery
We have Kantar and NielsenIQ to tell us about topline sales momentum, but that’s slim pickings versus the updates from the plcs
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NewsFortnum & Mason sees online growth drive Christmas sales
Fortnum & Mason also recruited over 700 additional staff over the festive period to support the surge in online demand
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NewsTesco promises collaborative fight with suppliers against inflation
CEO Ken Murphy said Tesco’s suppliers had “stepped up magnificently” to the challenges of the pandemic
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NewsCity Snapshot: Tesco hikes profit forecast after market share hits four-year high
Tesco has upgraded its profit expectations after strong growth in its third quarter and over Christmas. Plus, M&S posts bumper festive grocery growth, trading updates from Hilton Food Group, and Finsbury Food Group and all the rest of the latest news from the City
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NewsBerry Bros & Rudd sees Christmas sales fizz as drinkers celebrate at home
The fine wine merchant saw a further increase in sales over the festive period on top of a bumper 2020, with sales up a third on pre-pandemic levels
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Comment & OpinionHow Sainsbury’s is forcing inflation to work in its favour
The number of lines matching Aldi slipped in the run-up to Christmas, but two moves show it’s back on the programme
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NewsSainsbury’s pledges to keep prices low amid mounting food inflation
CEO Simon Roberts said he was committed to giving customers “the best value to really support them”
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NewsCity Snapshot: Sainsbury’s lifts profit forecasts despite Christmas sales slump
Sainsbury’s has lifted its profit guidance for the year despite a fall in sales over the key Christmas trading period. Plus, Just Eat Takeaway misses full-year growth target, and Vimto maker Nichols issues full-year trading update.
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NewsCity snapshot: Lidl claims crown as the UK’s fastest growing bricks and mortar retailer over Christmas
Lidl GB posted annual sales growth of 2.6% over the Christmas period, claiming its festive performance places it as the country’s fastest growing bricks and mortar retailer for the second year running
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NewsBooths sees 6.5% sales growth over Christmas trading period
COO Nigel Murray said he was “delighted” to report growth on growth figures for a third consecutive year
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NewsCity Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.
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NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
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NewsPrinces’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
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NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
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NewsWilliam Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
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NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
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Analysis & FeaturesFood & drink in the stock market: who’s up and who’s down?
Covid, Brexit, labour shortages – plcs have had plenty to contend with. So how have stocks fared amid the turmoil?