latest – Page 131
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NewsCity snapshot: Associated British Foods warns of “tough” retail market
Associated British Foods has warned of the impact of a “tough” retail market on its Primark clothing chain, which experienced “challenging” conditions in November. Plus the FTSE has its worst day since Brexit and all the rest of the latest news from the City.
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NewsJascots blames cost hikes and poor harvest for pre-tax loss
Its managing partner John Charnock called it “an interesting year for wine merchants that specialise in servicing the on-trade”
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NewsMarket share gains drive first half growth at packaging giant DS Smith
FTSE 100 packaging firm DS Smith has grown organic revenues by 3.2% in the first half due to volume growth and market share gains and announced plans to sell its plastics division.
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NewsFood to go drives Greencore sales increase after US exit
Greencore has posted a 4.2% rise in annual sales from continuing operations after the sale of its US business as its food to go revenues grew by double-digits.
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NewsMcColl's shares plummet after profit warning issued
Convenience retailer McColl’s shares plummeted 23% after it issued a profit warning, blaming problems relating to its Morrisons supply contracts
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NewsFortnums sees profits rise 26% through multichannel sales
The queen’s grocer had its sixth successive year of double-digit sales growth
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NewsCity reaction as Unilever CEO Paul Polman steps down
The recent Rotterdam relocation debacle a ‘sorry way to finish an exceptional career at the company’
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NewsProfits slide at Refresco after rise in raw material costs
Refresco Beverages saw pre-tax profits dive to £7.3m in the year ended 31 December 2017
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NewsCranswick sees sales growth slow in 'year of consolidation'
The processor saw sales grow by 0.6% for the six months to 30 September, compared to a 23% uplift this time last year
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NewsCity snapshot: Lower pig prices hold back Cranswick’s first half growth
Protein supplier Cranswick has posted first half revenue growth of just 0.6% as export sales fell back. Plus, Greggs upgrades full year expectations on strong autumn trading and William Jackson Food Group agrees to buy premium olive oil brand Belazu.
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NewsCake Box half year profits jump 34% in first post-IPO trading update
Cream cake retailer Cake Box saw adjusted profits surge 34% in its first half year results since launching its IPO on the AIM market in June
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NewsProfits slide 25% at Stateside Foods
The supplier saw pre-tax profit slide 25% to £5.2m for the year ended 28 Feb 2018
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NewsMajestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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NewsSSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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News2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18
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NewsCompass Group annual profits rise 7% despite UK margin pressures
Food service giant Compass Group reported a 5.5% jump in full year organic sales to £23.2bn.
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NewsNational Lottery ticket sales leap by 5.4% this year
Sales across the National Lottery’s range of scratchcards and online instant win games also rose by £136m
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NewsThird quarter earnings slump 9% at Dole after oversupply
Earnings fell 9% for the third quarter at fresh produce supplier Dole, after an oversupply resulted in lower pricing
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NewsAsda reports sixth quarter of like-for-like sales growth
Asda said it had benefited from a 13.8% growth in online grocery sales in the quarter
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NewsDevro warns on volume growth over Russia slowdown
Sausage skin supplier Devro has warned that weaker than expected sales in Russia will result in lower than expected full year sales volumes as it begins the search for a new chairman.