All Financial Results articles – Page 93
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NewsAldi may open more than 50 Local stores in London, says Giles Hurley
Hurley said Aldi’s London estate could grow from the current 45 to 250, more than 50 of which could be Aldi Locals
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NewsCity snapshot: Aldi pledges to double London store count despite 18% profits drop
Aldi has announced plans to double its store footprint inside the M25 after posting an 18% drop in pre-tax profits despite a double digit sales increase. Plus, second half growth surges at Finsbury Food Group and all the rest of the latest news from the City.
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NewsJapanese drinks giant Asahi sees sales surge across UK
The company said the growth was achieved “through continued investment in brand marketing campaigns”…
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NewsCity snapshot: Morrisons first half profits rise 5.3% despite first quarterly sales dip since 2016
Morrisons has posted a 5.3% rise in first half pre-tax profits despite recording a second quarter sales fall of 1.9%. Plus, The John Lewis Partnership has posted a £25.9m loss in the first six months of the year, British American Tobacco has announced it is to cut 2,300 jobs globally and all the rest of the latest news from the City.
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NewsHilton Food Group posts double-digit first half profits rise
Hilton Food Group has reported a 10.6% jump in first half pre-tax profits, boosted by growth in UK meat and its Seachill seafood business.
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NewsSugar woes dampen ABF’s grocery and Primark growth
Associated British Foods has issued a pre-close trading update, forecasting that earnings will be in line with last year as profit growth in its grocery and Primark businesses was offset by the continued struggles of AB Sugar.
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NewsCity snapshot: Sales slip at Greene King ahead of £2.7bn takeover
Greene King has reported a fall in like for like sales over the 18 weeks to 1 September ahead of a shareholder vote to approve its £2.7bn takeover.
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NewsHandmade Cake Co attributes ‘strong growth’ to free-from focus
The Handmade Cake Co reported a “year of strong growth” as increased focus on free-from bakery products boosted annual sales
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NewsMcBride profits drop 23% amid ‘difficult trading conditions’
Private label household goods manufacturer McBride has posted a 23% drop in full year adjusted operating profits as performance fell short of its ambitions amid “difficult trading conditions”.
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News‘Short-term challenges’ force Tyson to cut earnings forecast
US meatpacking giant Tyson Foods has cut its 2019 earnings guidance due to “short-term challenges” it said were negatively affecting fourth-quarter earnings.
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NewsJW Filshill posts 7% sales boost despite Brexit concerns
In June, Filshill announced plans to move to a new larger headquarters near Glasgow Airport
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NewsKraft Heinz UK sales climb by almost 5%
Increased consumption was supported by the launches of Bull’s-Eye barbecue sauce and low-sugar Tomato Ketchup.
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NewsAF Blakemore reports ‘tremendous’ year as profits rocket
The wholesaler had made major investments in the period, upgrading and buying new stores, improving logistics and developing IT systems
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NewsArla Foods posts strong sales but warns of Brexit concerns
Dairy giant Arla Foods hailed “strong” sales growth in the first half of 2019, but warned the impact of a hard Brexit could hit performance in the second half.
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NewsCity snapshot: McColl’s blames weather for third quarter sales slide
Convenience retailer McColl’s has announced a 2.2% drop in third quarter like for like sales, blaming “highly unseasonable” weather for the revenue drop. Plus, Pernod Ricard reports “strong” annual sales growth as it announces share buyback and $223m US spirits deal, PZ Cussons sells Greek food business and all the rest of the latest news from the City.
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NewsCity snapshot: WH Smith travel business delivers ‘strong’ performance
WH Smith (SMWH) has reported its travel business continues to perform ’strongly’ across all its channels. Plus, food inflation eases and all the rest of the latest news from the City.
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NewsSupreme Imports eyes standalone flotation for 88 Vape
MD Sandy Chadha told The Grocer it was mulling a pureplay float of its vaping business
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NewsCity snapshot: Supreme Imports considers standalone vaping float
Supreme Imports is considering floating its 88 Vape brand as a standalone business after returning to profit growth
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NewsAround Noon reports soaring sales of its Fruit Pots
The number of fruit pot units sold by Around Noon had increased more than 110% since 2017
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NewsFruitapeel profits shrink as Puratos invests in long-term growth
Fruit and confectionery sauce maker Fruitapeel saw sales and profits contract in its first financial period under the ownership of Belgian confectionery group Puratos, as it invested in longer-term post-acquisition growth.