latest – Page 117
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NewsHalewood International back in profit
Despite sales falling by £16m to £215m, the group secured a £2.6m profit, up from a loss of £8.2m the previous year
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NewsWalgreens Boots revenues slump despite 'solid' Christmas for UK stores
A Christmas sales boost at Boots in the UK was not enough to stop a decline in group revenues at parent Walgreens Boots Alliance during the second quarter.
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NewsYoplait sales fall as yoghurt lovers exit traditional formats
Yoplait blamed “category slowdown” and changes to promotional strategies and market dynamics for the sales drop
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NewsBirds Eye owner Nomad falls to a Q4 loss but says conditions improving in the UK
Birds Eye and Findus owner Nomad Foods recorded a loss in the fourth quarter of 2016 but the decline in the UK market slowed as the group battled to turnaround its performance in the challenging frozen market.
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NewsCity snapshot: Booker’s non-tobacco like for likes up 4.7% in fourth quarter
Booker Group has a reported a strong end to the year, with non-tobacco group like-for-like sales up 4.7% in the fourth quarter ahead of its £3.7bn buyout by Tesco
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NewsAG Barr profits sparkle as Irn Bru maker cuts sugar across its range
Shares in the Irn-Bru maker fizzed 2.2% higher to 559.5p on the back of its results in the year to 28 January.
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NewsCity snapshot: Tesco fined £129m for profit overstatement scandal
Tesco (TSCO) has announced this morning it has agreed with the UK Serious Fraud Office to pay a £129m fine to avoid prosecution for its 2014 accounting scandal
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NewsScience in Sport makes gains in supermarket sector
Sports nutrition specialist Science in Sport grew its UK grocery sales by 25% last year as the category receives more shelf space in the traditional supermarkets.
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News2 Sisters blames rising input prices for £2.5m loss
2 Sisters slipped back into loss in the second quarter as rising input prices slashed margins at the UK food giant
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NewsFever-Tree shares lose momentum on 'encouraging' growth
Fever-Tree became a victim of its own success this week as shares lost some sparkle on Tuesday
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NewsCity snapshot: Higher input prices hit profits at 2 Sisters
2 Sisters Food Group owner Boparan has reported a £2.5m loss in the second quarter to 28 January despite a rise in like-for-like sales
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NewsSterling slump causes 14% drop in Coca-Cola European Partners' British sales
The recently formed Coca-Cola European Partners saw sales in Great Britain slide by 14% once translated into euros in 2016 as the collapse in the value of the pound hit reported revenues
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NewsFinsbury Food Group bets on Mary Berry to boost flat sales
Finsbury has turned to former Bake Off judge Mary Berry to sweeten sales with a new range of cakes as inflationary cost pressures squeeze the business.
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NewsManufacturing investment helps Sykes Seafoods post 9% annual sales rise
Manchester-based Sykes Seafoods has grown annual sales and profits after investment in its manufacturing base and a concentration on higher margin products.
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NewsSupermarket shorting on the rise despite retailer recoveries
Short trading in supermarket shares is picking up as worries mount over listed grocers coping with rising food prices
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NewsSainsbury's like-for-like decline is propped up by Argos
Like-for-like sales fell 0.5% at the supermarket in its fourth quarter
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NewsFourth quarter like for like sales up 7.4% at Moy Park as annual volumes increase
JBS-owned Norther Irish poultry processor Moy Park saw annual revenues dip 0.3% but profits increase as the volume of birds processed rose over the year.
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NewsEagle Eye turnover up as more brand partnerships are sealed
The company made a loss of £879,000 due to its investment in a “very significant” client in Canada
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NewsCity snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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NewsCity snapshot: Management team to depart early at troubled Aryzta
Swiss bakery goods supplier Aryzta is accelerating wholesale changes to its management team after its first half earnings slumped by more than 30%. Plus a look ahead to the week in the City and all the latest news from the markets this morning.