All Financial Results articles – Page 64
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NewsSainsbury’s slumps to a loss despite surging revenues amid pandemic
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn
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NewsCity snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
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NewsGousto posts first profit as demand soars during pandemic
Recipe box player Gousto posted a full-year profit for the first time last year after sales soared to record levels
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NewsEast of England Co-op food sales boost offsets Covid-related declines
Sales across its travel, petrol filling station and events businesses were down over 40%
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NewsCity News: Nestlé posts strongest quarter in a decade
Nestlé solidified its position as one of food and drink’s star performers in the pandemic
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NewsCentral England Co-op trading profits soar as sales rise 3% to £869m
Total food sales increased by 7.7% to £691.2m
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NewsFultons profits plummeted before Poundland takeover, accounts show
Results reveal how stores were closing and employee numbers shrinking before Poundland stepped in last year
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NewsFarmfoods sales soar 35%, buoyed by store openings in the pandemic
According to location data specialist CACI, the business opened at least 12 new stores between September 2019 and December 2020
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NewsCity snapshot: Booming coffee sales drives Nestlé first quarter sales outperformance
Nestlé has reported a 7.7% jump in first quarter organic growth, boosted by a surge in coffee sales and early signs of recovery in out-of-home channels
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NewsKerrygold owner Ornua hails ‘record’ profits for 2020
The dairy co-op’s 2020 accounts show a 69% increase in operating profit before exceptional items to €83.1m
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NewsCity snapshot: Solid start for Heineken as strong growth in Africa makes up for Covid hit in Europe
Heineken has reported a “solid” start to the year with profits growing despite trade in Europe continuing to be hit by lockdowns. Plus, Coca-Cola European Partners changes its name following approval for its acquisition of Asia-Pacific Coke bottle Coca-Cola Amatil.
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NewsTH Clements boosts sales and narrows losses despite weather challenges
The major brassica grower’s improved performance came about despite the impact of extreme flooding in 2019
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NewsCoca-Cola revenues boosted by vaccine rollout and economic reopening
Coca-Cola has posted a 5% rise in first quarter net revenues as its performance improved in key markets where vaccine availability increased and economies are opening up
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NewsBooker sales surge despite Covid catering impact
The wholesale giant enjoyed a 18.5% jump in retail sales as more shoppers turned to convenience stores during the crisis
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NewsCity News: Deliveroo woes grow as shares fall again
Deliveroo posted record first quarter numbers in its first update as a listed company, but investor concerns remain about a 2021 slowdown
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NewsGail’s owner Bread Holdings benefits from quality demand
Shopper demand for better-quality bread in supermarkets during lockdown has helped the premium bakery group behind Gail’s offset some of the sales losses incurred in the pandemic
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NewsScotmid Co-op results reveal sales up 6.2% to £409m
Society’s trading profts increased by 14.3% to £6.4m
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NewsCity snapshot: Deliveroo orders soar in first quarter ahead of 2021 slowdown
Newly listed Deliveroo has posted a 130% jump in first quarter turnover, but the delivery giant pointed to dramatic slowdown for the rest of the year. Plus Naked Wines’ sales soar on US growth and THG posts £482m loss despite strong growth.
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NewsKen Murphy: Tesco in ‘no hurry’ to end social distancing
Tesco predicted it would face at least another £200m of pandemic costs in the current financial year
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NewsCity snapshot: Tesco profits sink by 28% as Covid costs bite
Profits at Tesco have plunged by more than £700m despite sales rocketing as the supermarket incurred Covid-related costs of almost £900m. Plus, Tesco appoints the CEO of Kingfisher and a former Sainsbury’s chief digital and marketing officer to its board.