latest – Page 11
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City News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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City snapshot: DS Smith CEO to retire as box volumes fall amid ‘weak’ demand
Long-serving DS Smith CEO Miles Roberts is to stand down from his role as the box maker reported a drop in revenues and profits amid weak demand
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Wholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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City snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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Valeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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City News: Greencore shares decline despite stabilising performance
Shares in Greencore tumbled this week despite the sandwich maker reporting significant progress in its ongoing recovery.
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City Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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Higgidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs
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City snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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Greencore boss Dalton Philips signals further price increases amid soaring wages
The boss of sandwich maker Greencore has warned of potential further price hikes
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City snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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Britvic shares slip despite a ‘resilient’ performance
The Robinsons squash maker grew full year sales by 6.6% to £1.75bn in the year to 30 September
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Retail push helps Huel return to profitability
Meal replacement brand Huel has bounced back into profitability as its deepening push into retail bolstered the DTC pioneer’s customer base
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City snapshot: PZ Cussons trading in line as Nigerian business grows despite volatility
PZ Cussons has told the market it is trading in line with expectations amid a rebound in its Nigeria business despite volatility and currency devaluation in the country
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Burts boosts sales with brand relaunch
A brand relaunch and investment in capacity helped premium snacking player Burts grow sales and profits last year ahead of its sale to Europe Snacks
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City news: Premier Foods impresses with bumper growth in half year results
Premier Foods shares were on the up again on Thursday as it upgraded profit expectations after maintaining bumper growth in its second quarter
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Asda sales growth shrinks but so does its debt leverage
It represents a slowing of growth compared with its second quarter – when it saw like-for-like sales rise 9.6% – despite continued investment in lowering prices
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City News: Marks & Spencer hails massive growth but keeps forecast cautious
Marks & Spencer “blew the bloody doors off” with its first half results, enthused one analyst, but the strong outperformance didn’t lead to upgraded forecasts
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Tetley owner profits hit by soaring costs
The group delivered a 7% rise in annual revenues to £140.5m in the year to 31 March 2023, with growth across its key markets of the UK, Canada and Australia
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International growth boosts sales but hits Butternut Box profits
Fast-growing fresh online dogfood operator Butternut Box almost doubled sales last year thanks to international expansion, but losses reached almost £25m as it continued to plough cash into growth