All Financial Results articles – Page 79
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Crediton Dairy sees sales jump 7% in ‘year of transformation’
The supplier was buoyed by a ‘strong increase’ in sales of its growing range of added-value, branded and own-label dairy drinks
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City snapshot: SSP swings to interim loss as coronavirus hits
SSP Group has swung to an interim loss as the coronavirus pandemic “heavily impacted” its trading, while announcing a call for investors to reinvest the dividend payment by buying new shares in the company.
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Thatchers sales top £106m as it bucks downward cider trend
Cidermaker Thatchers “outperformed” the wider market last year as its annual sales continued past £100m and profits grew.
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Frank Roberts & Son sees profits soar to £3.2m
Frank Roberts & Son has seen profits more than double in the past year despite operating in the challenging wrapped bread market
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Farmdrop needs ‘significant’ funding to sustain expansion
‘Material uncertainty’ concerns the future of the online supermarket Farmdrop’s auditor warns
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City snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
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City snapshot: Paypoint card transactions surge during coronavirus outbreak
Paypoint has seen card transactions increase around 75% in April and May as shoppers are urged to ditch cash to prevent spreading the coronavirus
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Waitrose profits sliced in half as restructure plan takes toll
Exceptional costs of more than £30m related to redundancies at head office and store closures
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Costcutter plans to keep ‘lifeline shoppers’ as results show 10% sales hike
Sales in the four months to the end of April were up 22%, excluding tobacco
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Greencore to reopen Atherstone food-to-go manufacturing site
CEO Patrick Coveney told The Grocer the convenience food manufacturer was preparing for a “volume comeback” in its food-to-go business
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City snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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M&S set to gravitate away from high streets more after coronavirus
Struggling travel franchise sites and some city centre locations have contributed to sluggish food sales during the crisis
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Danish Crown enjoys best-ever start to the year after Tulip divestment
The Danish farming co-op saw net profit climb 46% on the back of its sale of UK processor Tulip and soaring demand
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City snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
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Asda reports 3.5% first-quarter sales growth as coronavirus drives stockpiling
CEO Roger Burnley said despite the initial boom in sales, consumer sentiment was now being dominated by fears of a financial depression
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City snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
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Coronavirus crunch pushes raft of FTSE retailers to profit warnings
FTSE retailers issued 38 profit warnings in the first three months of the year, exceeding the 32 recorded in the sector for the whole of 2019
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Morrisons share buoyed by lockdown durability
The Bradford-based grocer reported a 5.7% jump in first quarter like-for-like sales excluding fuel, as its retail sales su…
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Symington’s dips into the red after exit of licensed brands
Symington’s plunged back into the red last year, as the planned exit of its Ainsley Harriott and Golden Wonder brands hit the company’s financial performance
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City snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.