latest – Page 162
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NewsWhittard profits climb as it chases global presence
Tea and coffee specialist Whittard of Chelsea saw annual profit rise by 43% last year as it extended its London retail footprint.
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NewsAldi profits soar 65% as it boasts of ‘best value’ groceries
Pre-tax profits at Aldi soared 65.2%, the discounter revealed today, as it claimed to offer “the best value in UK grocery retail”.
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NewsMPK Garages sees profits and sales rocket
Forecourt operator MPK Garages has posted double-digit increases in full-year sales and profit after picking up new stores…
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NewsCooltraders help hike Heron Foods turnover to £250m
The acquisition of 54 Cooltrader stores a year ago boosted turnover at Heron Foods by 28% to £250m in 2013…
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NewsMars Chocolate profits fall despite turnover growth
After its profit revival in 2012, Mars Chocolate saw pre-tax profit fall by 7% last year.
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NewsBirds Eye owner Iglo Group records revenue dip
Iglo Group, the European owner of Birds Eye, saw a 0.9% slide in constant currency sales during the second quarter due to “tough market conditions”.
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NewsGrocery market growth at record low as Tesco and Sainsbury's take a hit
Overall grocery market growth has slowed to a record low of just 0.3% as inflation fell to zero according to the latest Kantar Worldpanel market share figures for the 12 weeks to 14 September.
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NewsPZ Cussons shrugs off Nigerian market disruption
St Tropez brand ambassador Kate Moss helped give PZ Cussons a healthy glow in its most recent quarter despite tough UK trading conditions and disruption in its African markets.
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NewsAG Barr signs Snapple distribution deal after strong first half
Irn-Bru manufacturer AG Barr has posted a near 15% jump in first half pre-tax profits and announced a 10-year deal to distribute the Snapple brand in the UK.
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NewsTesco shock profit warning: the City reacts
Tesco shocked the City today by announcing it had discovered it had overstated its profits by £250m. Here’s our round-up of how leading City and industry analysts reacted to the news.
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NewsTesco admits a £250m overstatement of profits
Tesco has stunned the city this morning by admitting that it may have overstated its profits for the half year by as much as £250m.
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NewsRobin Terrell to lead Tesco UK as investigation into £250m profit hole kicks off
Tesco head of online operations Robin Terrell is to lead the retailer’s UK business as it kicks off an urgent investigation into how its half-year profit guidance ended up being overstated by £250m.
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NewsFinsbury Food set to drive growth through acquisitions
Cakes and baked goods supplier Finsbury Food Group has revealed it is looking to double in size through acquisitions.
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NewsDairy Crest to close two sites amid 'challenging' market conditions but profits on track
Dairy Crest has announced plans to close two of its sites – with the potential loss of 260 jobs – as it warned about growing pressure from falling retail milk prices and “extremely volatile” dairy commodities markets.
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NewsMorrisons honours dividend pledge despite plummeting profits
Morrisons’ underlying profits before tax plunged 51% to £181m in the six months to 3 August…
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NewsMorrisons’ profits plunge in first half as price war eats margin
Morrisons’ underlying profits before tax fell 51% to £181m in the six months to 3 August on the back of the retailer’s price-cutting strategy, while like-for-like sales fell 7.4%.
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NewsWaitrose profits fall as store investment soars
Waitrose’s operating profit plunged by 9.4% during the first half despite rising sales.
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NewsGlorious! soup-maker TSC Foods Group in 36% profit boost
TSC Foods Group saw a 36% boost to pre-tax profit in the year before it was bought by The Billington Group…
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NewsOcado sales climb 15% despite fall in basket size
Ocado hailed “steady growth” this morning as it reported a 15.5% rise in gross retail sales in its third quarter.
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NewsMcBride’s full-year sales hurt by brand promotions
An explosion of promotional activity on branded goods has hit the performance of private label specialist McBride in the year to the end of June.