All Financial Results articles – Page 69
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NewsBooths reports strong Christmas with like-for-like sales up 12%
There were strong sales of smaller turkey lines, up 23%, while turkey crown sales rose 38%
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsCity snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsKettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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NewsPrinces profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
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Comment & OpinionWhy did Aldi struggle this Christmas?
It’s already clear from the Kantar numbers, out this week, who the biggest ‘loser’ was this Christmas
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NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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NewsYoung’s & Karro register big sales growth after addition to Eight Fifty Food Group
It was the first time both companies had filed financial results since the creation of the ‘surf and turf’ umbrella group
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NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
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NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
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NewsOne Below sees expansion opportunity as retail failures leave stores vacant
The chain is also negotiating better terms with landlords whenever leases come up for renewal, according to its accounts
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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Analysis & FeaturesShare prices: who were food and drink’s winners and losers of 2020?
Coronavirus has caused some food and drink share prices to soar but it’s not been as simple as adding extra sales
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NewsThe Fresh Produce Centre posts operating loss, first full accounts show
Fresca Group’s recently formed retail-focused fresh produce business endured a ‘turbulent’ first full year of operating
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NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
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NewsHeart of England Co-op half-year update records soaring food sales
The society’s newest stores, including Rotherham Road in Coventry and Sketchley Brook in Hinckley, all recorded ‘significant’ increases