latest – Page 106
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NewsPoundland shrugs off scandal to deliver successful Christmas
Discounter reported a like-for-like sales increase of 5.6% for the 12 weeks to 24 December…
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NewsCity snapshot: Next’s Christmas sales rise but in-store slump points to tough retail conditions
Next has posted better than expected trading in the run-up to Christmas, but a 6.1% drop in in-store sales points to a festive trading difficulties in non-food for traditional retailers. The FTSE opens the year on the back foot as fmcg giants fall back and the rest of the latest news from the City.
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NewsPrinces profits hit by cost hikes and exchange rate pressure
Pre-tax profits excluding impairment charges were £28.7m, down from £54.4m in 2016
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NewsCamerons Brewery hails 'strong year' as profits boom
Its contract brewing arm had performed particularly well, said chief executive Christopher Soley…
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NewsBooths sees losses balloon to £13.5m as it struggles in competitive market
Sales at the retailer, which reportedly hired bankers at Rothschild in November to explore a potential sale, sank another 4.3% to £263.4m in the year ended 1 April 2017.
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NewsSales surge at London craft brewery Camden Town
Revenues for the brand, snapped up by brewing behemoth AB InBev in January 2016, grew £2.53m to £16.9m
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NewsBread Holdings heads for sale with soaring sales
Revenues have surged 24% at Bread Holdings as the upmarket bakery group behind the Gail’s chain prepares a sale
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NewsDuck specialist Gressingham Foods enjoys 6% value sales boost
Sales for Gressingham, trading under the name Green Label Foods, rose from £100.6m to £106.8m
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NewsCity snapshot: Ocado’s retail sales growth slows to 11.6% in fourth quarter
Ocado has posted a slowdown in fourth quarter retail sales growth to 11.6% amid capacity constraints owing to a shortage of drivers. PZ Cussons announced a rise in first half profits, but a 10% drop in earnings and all the rest of the latest news from the City
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NewsBAT set for second half profit growth but currency tailwind reduces
British American Tobacco has issued a second half pre-close trading update, stating it is on course to hit earnings growth expectations amid market share growth, but currency tailwinds are declining.
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NewsChris Edwards to drive recovery of Poundstretcher as CEO
Value retailer Poundstretcher is understood to have brought in former Poundworld boss Chris Edwards to lead its battle against falling sales
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NewsGraham’s Family Dairy profits fall 9% despite double-digit sales jump
Scottish dairy group Graham’s has boosted annual revenues by 20% but profits declined 9% as margins remained tight amid challenging industry conditions.
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News2 Sisters profits hit by site closure and rising commodities
Operating profits at 2 Sisters fell 58% to £8.4m in the 13 weeks to 28 October…
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NewsFortnum & Mason credits record sales to tea and hampers
Tea sales spiked by 18% and the luxury retailer’s hampers also enjoyed a strong year, with sales up by 15%
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NewsMarston's sales surge but core bottled ales struggle
Revenues are up 10% his year, but sales of Pedigree and key brands have plummeted, despite a £1m revamp
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NewsGraze profits fall as it invests in US expansion
Revenues at Graze rose 8% to £76m last year but profits fell 40% as the snacks business invested heavily to establish a retail presence in the US.
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NewsRaisio removes Big Bear boss Ciaran Sullivan
Raisio blamed a negative financial performance for the senior management change
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NewsCity snapshot: Naked Wines drives first half growth at Majestic
Majestic Wine has posted underlying first half sales growth of 4.2% and a return to profitability as its Naked Wines online business saw its US sales jump. Plus, platinum members can read the our full exclusive interview with Tesco’s Dave Lewis and Booker’s Charles Wilson, Remy Cointreau’s first half sales rise and all the rest of this morning’s news from the City.
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NewsAir travel growth boosts SSP Group
Upper Crust and Caffe Ritazza owner SSP Group has reported a double-digit hike in annual sales and profits as a rise in air travel and growth in North America boosted performance.
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NewsCity snapshot: Strong North American growth boosts catering giant Compass Group
FTSE 100 catering giant Compass Group (CPG) has announced a 4% rise in organic revenues as a strong performance in North America underpinned growth. Plus, Tesco and Booker shares rise again and all the rest of this morning’s news from the City