All Financial Results articles – Page 70
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NewsCity News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
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NewsPlant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
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NewsAsda paid Walmart £1.15bn dividend despite profits drop
Asda paid a £1.15bn dividend to US owner Walmart last year, even as its profits slumped by more than a quarter
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NewsCompagnie Fruitiere eyes UK expansion as sales leap 28%
The French firm’s UK division principally supplies bananas to at least two major retailers
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NewsYeo Valley bounces back after restructure leads to 72% profit hit
The supplier saw pre-tax profits rise by 31.6% to just under £4m for the year to 31 May 2020
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NewsCity snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
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NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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NewsWholesaler Parfetts sees annual turnover leap 26% to £474m
Parfetts has also added 150 stores to its Go Local symbol group this year, taking it to 650 in total
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NewsCity snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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NewsFarmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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NewsMüller highlights restructure success despite posting £76m loss
The dairy giant’s Project Darwin cost-cutting strategy launched was launched in February 2019
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NewsAt-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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NewsContract loss and coronavirus hit profits at Branston maker Mizkan Euro
The maker of Branston pickle and Sarson’s vinegar has posted a sharp rise in pre-tax losses, amid mounting cost inputs and the loss of a private label contract.
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NewsCity snapshot: Second lockdown costs ABF £430m in lost sales
A second wave of coronavirus lockdowns has cost Associated British Foods £430m in lost sales, as Primark stores have closed across Europe. Plus, Pets at Home the latest retailer to pay back business rates relief and all the rest of the latest news from the City.
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News2 Sisters trumpets turnaround plan after surge in profit
The poultry giant saw operating profits rise to almost £40m for 53 weeks to 1 August following a major shake-up of the business
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NewsCity Snapshot: Sainsbury’s to hand back £440m of business rates relief
Sainsbury’s has joined Tesco and Morrisons in handing back its business rates relief, which will cost the supermarket around £440m
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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Analysis & FeaturesTesco business rates payback: the industry reacts
Industry and City analysts respond to Tesco’s repayment of £585m in government BR relief
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NewsCity News: Compass Group and Greencore provide reasons for optimism
This year will not be looked back on with any fondness by out-of-home eating specialists
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NewsSecond lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions