All Financial Results articles – Page 87
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Tate & Lyle sees 75% increase in losses as sugar beet quotas end
T&L Sugars, owned by American Sugar Holdings since 2010, posted a pre-tax loss of €50m (£44m) in the year to 30 September as the end of sugar quoatas caused a glut of supply in the market.
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City sours on B&M over core business slowdown
B&M Bargains has been a rare beacon of hope for the beleaguered UK high street, but investors gave the group’s annual results the cold shoulder this week despite its stellar growth.
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City snapshot: Annual losses balloon at Tate & Lyle Sugars
Losses ballooned at Tate & Lyle Sugars as the glut of sugar production in the EU following the end of quotas hammered prices and profitability. Plus, annual losses at parent and young children specialist retailer Mothercare rose to £87.3m last year and all the rest of the latest news from the City.
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Leon expansion behind loss despite 25% sales jump
Leon cited concerns about rising business rates, wages and food inflation as well as uncertainly surrounding Brexit
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Danish Crown sees benefits of boost in pork exports to China
Danish Crown pointed to the ‘unprecedented recovery’ in the pork market in recent months
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Store openings boost annual growth at B&M Bargains
B&M Bargains owner BME European Value Retail has delivered another “strong” annual performance with a double-digit rise in sales and underlying earnings.
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M&S announces £600m discounted rights issue to fund Ocado JV
Marks and Spencer has announced a £600m rights issue to fund its joint venture with Ocado as it reveals a 10% drop in pre-tax profits and a 3% drop in annual revenues.
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City snapshot: WH Smith CEO Stephen Clarke steps down
WH Smith chief executive Stephen Clarke has decided to step down at the end of October after 15 years with the company. Plus, trading updates from Cranswick, Greencore, Hilton Food Group, Tesco stops mortgage lending and all the rest of the latest news from the City.
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Parfetts reports 10% sales hike at Sheffield depot
Wholesaler attributed the growth to a switch to a 24-hour operating model
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Lily's Kitchen vows to double sales of its petfood globally
Premium petfood brand Lily’s Kitchen is plotting a huge exports push to double its international sales this year and break into the Asian and Middle East pet care markets.
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Asda like-for-likes up 0.5% with Easter adjustment
Asda CEO Roger Burnley said the supermarket remained focused but warned of challenges ahead
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Exceptional costs drive £43m annual loss for Premier foods
Premier Foods has fallen to an annual loss of £42.7m as impairments and pension charges hit its bottom line, but core profitability improved in a further sign of “consistent progress”.
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LWC Drinks hails 'aggressive growth' after £53m sales surge
The booze wholesaler has reported sales up more than £53m
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Wilko suffers 4% drop in sales in 'challenging environment'
Despite the sales drop, the retailer managed a return to profitability, credited to reduced costs
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Farmfoods reverses 2017 decline with 2.7% revenue rise
Turnover rose from £642.7m to £660.3m in the year to 29 December, according to newly filed accounts at Companies House…
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Kettle falls to loss as it invests heavily in promotions
Premium crisps player Kettle Foods has slumped to a heavy loss as it maintained high levels of promotions to fight declining market share.
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Tails.com hits £21m in sales following Nestlé majority stake deal
This year’s sales will be driven in part by Tails.com’s first overseas expansion in February
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Marussia Beverages falls to loss of £470k
MD Bruce Perry said the loss was due to ’continued marketing investment’ despite ‘difficult trading conditions’
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Morrisons' retail growth slows as Ocado deal renegotiated
Morrisons has posted a 2.3% rise in like for like first quarter sales as it has announced a temporary suspension of its use of online partner Ocado’s Erith customer fulfilment centre and an end to the exclusivity of their partnership.
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AB InBev explores IPO for Asian business
AB InBev is exploring a potential minority stake listing of its Asia Pacific business on the Hong Kong Stock Exchange as it announced “solid” first quarter sales.