latest – Page 171
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NewsTesco’s Clarke warns there are ‘no quick fixes’ as sales fall
Tesco boss Philip Clarke today described some of the activities of the discounters as “uneconomic” and said the UK’s biggest retailer would not resort to short term fixes on price, despite falling sales.
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NewsTesco and Hilton strike five-year meat deal
Meat packer Hilton Food Group has struck a six-year deal to supply fresh meat to Tesco, extending the two companies’ relationship until February 2019.
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NewsBritvic profits jump as it plans Fruit Shoot expansion in US
Britvic has reported a 28% increase in full-year profit before tax to £108m and sealed a new deal with PepsiCo Americas Beverages to extend the distribution of Fruit Shoot in the US.
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NewsCranswick reinvests £11m as profits climb 16%
Cranswick has pledged an £11m overhaul of its cooked meat facilities this year, having posted a 16% increase in pre-tax profits, to £26.1m.
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NewsPayPoint sales rise as Collect+ turns a profit
Sales and profits are up at PayPoint, while its Collect+ parcel scheme has turned a profit for the first time, half-year results have shown.
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NewsMajestic pledges online growth won’t erode bricks and mortar
Majestic Wine is aiming to grow its online sales to around 15% of its UK business over the next five year, chief executive Steve Lewis has said.
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NewsVion losses hit £50m before UK exit
Losses at Vion Food UK Limited – the company that covered Vion UK’s former pork, poultry and head office operations – had …
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NewsMajestic Wine sales bolstered by e-commerce
New customers and an increasing focus on online sales helped Majestic Wine in the first half of the year, the company has reported.
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NewsCo-op members 'disgusted' as half-year dividend is scrapped
Members of The Co-operative Group have taken to social media to berate it for scrapping its interim dividend…
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NewsBooths profits drop as staff bonus hits costs
Booths’ annual profits fell by a third to £6.4m Booths has reported a drop in annual profits after reinstating an annual bonus to staff. The northern supermarket’s operating profit fell by a third to £6.4m in the year to 31 March, according to accounts filed on Companies ...
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NewsSainsbury’s profits jump 7% as own-brand powers sales
Sainsbury’s has trumped its rivals by posting strong first-half trading figures, with own brand growing twice as fast as branded goods.
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NewsCarr’s milling business reaps rewards from poor weather
Poor weather in the US and UK helped boost profits at milling and agricultural business Carr’s by 21.5% year-on-year.
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NewsMorrisons sales fall again as online debut approaches
Morrisons’ like-for-like sales for the third quarter fell 2.4% with CEO Dalton Philips insisting the retailer will return to positive like-for-like growth in Q4.
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NewsDairy Crest half-year results reveal cheese as the star
Dairy Crest has reported a strong first-half performance in its cheese business, with total sales increasing by 12% year o…
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NewsImperial Tobacco profits rise despite volume fall
Imperial Tobacco’s full-year profits rose despite falling volumes, the company revealed yesterday, as it forecast “modest” growth for the coming year.
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NewsBernard Matthews posts £20m loss as costs spiral
Bernard Matthews has posted a dramatic £20m loss in its latest full-year results, as bad grain harvests, poor weather and operational inefficiencies took their toll.
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NewsTesco meat packer Hilton returns to growth in UK
Hilton Food Group has reported a return to growth in its UK meat-packing operations as the impact of ‘Horsegate’ on the market has eased and economic conditions have improved.
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NewsAB InBev’s MacFarlane to head up combined European division
Former AB InBev UK boss Stuart MacFarlane, who developed the brewer’s hit Stella Artois Cidre and Stella 4%, is to head up a new combined European division for the company.
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NewsPremier Foods sales drop despite focus on power brands
Premier Foods’ outlook for the full year remains unchanged despite a 3.2% fall in total sales in its third quarter.
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NewsBoparan suffers £33.5m loss as horsegate takes a toll
Protein giant Boparan Holdings has suffered a £33.5m full-year loss as a result of a “perfect storm” of inflation, the horsemeat scandal and its acquisition of Vion’s UK operations.