latest – Page 109
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NewsCity snapshot: Tesco hails turnaround as first half profits jump 27.3%
Tesco has declared its turnaround “firmly on track” after positing a 27.3% jump in first half group operating profit before exceptional items and its seventh consecutive quarter of sales growth. Plus, McColl’s founder James Lancaster steps away and all the rest of the latest news from the City
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NewsCity snapshot: Greggs’ third quarter sales up 8.6% as better availability boosts trading
Bakery and food to go group Greggs has posted an 8.6% rise in total sales for the 13 weeks to 30 September, driven by strong like-for-like growth and new store openings. Plus, Refresco receives €1.6bn PAI offer, Britvic to shut Norwich factory, Coca-Cola HBC CEO dies and all the rest of the latest news from the City
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NewsWilliam Grant & Sons revenues and profits soar in 2016
Sales and profits have leapt at William Grant & Sons as the Scottish spirits giant thanks to “significant” currency tailwinds in the wake of the weak pound.
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NewsReal Good Food swings to £5.8m loss after troubled year
Beleaguered Real Good Food has swung to heavy losses after a delay in passing on Brexit-linked price inflation and poor cost controls, the group revealed in its full-year results released unscheduled on the London Stock Exchange this afternoon.
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NewsMeat The Alternative to take on Quorn with chilled branded range
The supplier has created an 11-strong range of meals
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NewsCrawshaw Group shares sink as losses widen at value meat retailer
Shares in value meat retail chain Crawshaw Group plunged more than 12% today as its first-half losses widened on the back of the devaluation of sterling and investment in lowering prices in an attempt to lure back customers.
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NewsHotel Chocolat set to unveil new app and loyalty scheme
The app will give “very different functionality and capabilities” to the site
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NewsCity snapshot: Aldi UK sales jump 13.5% to £8.7bn but profits fall back
Aldi grew its UK and Ireland sales by £1bn last year to £8.7bn but investment in growth and price meant operating profits fell by 17%.
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NewsOcado sees solid growth but reveals Andover investment needed
Ocado proved once again to be one of the most divisive of all grocery stocks
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NewsKP Snacks in black for first time since Intersnack takeover
Operating profits more than doubled after investment in factories over the past three years significantly reduced costs
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NewsWhitworths reports £50m loss as IT works cause supply chaos
Dried fruit & nuts brand Whitworths slumped to a £50m loss last year as sales fell, a new IT system hampered supply, the former management team departed and loans were written off, delayed accounts have revealed.
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NewsOcado to invest extra £2m in robot-powered Andover site
Fulfilment centre will process 65,000 orders a week once at full capacity
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NewsWhitby Seafoods boosted by £10m sales increase
The scampi specialist credits its strong growth during 2016 to new business wins
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NewsCity snapshot: Efficiency focus helps grow profits at Finsbury Food Group
Cake supplier Finsbury Food Group (FIF) has grown pre-tax profits on flat revenues as investments in production efficiency helped boost the bottom line.
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NewsIcelandic Seachill shrugs off volatility to post rise in sales
Revenues for seafood supplier climb by £18m despite ending of M&S supply deal in 2016
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NewsMorrisons to drive further recovery by expanding The Best
Morrisons is to double the size of its The Best premium own-label range by the end of the year
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NewsFilippo Berio profits soar as it predicts tougher year ahead
Sales nudged up 1% to £41.2m in 2016, with a more than £1m fall in cost of sales to £37.4m
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NewsOne Stop sales increase 5% as franchise stores turn profit
Overall pre-tax profit was £18.8m, up 25% on the same period last year.
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NewsMorrisons' seventh quarter of growth fails to impress City
As Morrisons found this week, the trouble with over-achieving is that it builds expectations
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NewsWaitrose profits hit by Brexit and store renovation costs
Waitrose sales rose 2.2% to £3.1bn, with like-for-like growth of 0.7%