latest – Page 24
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NewsCity snapshot: B&M hikes profit guidance on strong pre-Christmas trading
B&M Bargains owner B&M European Value Retail has raised its full year profits guidance after posting double-digit growth in the quarter leading to Christmas. Plus, Greggs sees ‘favourable’ Christmas trading and all the rest of the latest news from the City.
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NewsCook EBITDA slumps £2m following Christmas 2021 cyber-attack
The attack ground manufacturing systems at its Sittingbourne site to a halt and prevented Cook from making and delivering food
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NewsCity snapshot: Soaring prices deliver record Christmas supermarket sales
Spending in supermarkets has breached the £12bn barrier for the first time this Christmas thanks to soaring inflation, new Kantar figures have revealed. Plus, the BRC-NielsenIQ shop price index shows a new record for food inflation.
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NewsUnited Wholesale Grocers pre-tax profits slump by 28% despite increased turnover
UWG said the decreased profits could be attributed to lower margin rates, due to a continuous review of its pricing and promotional strategies
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NewsCity snapshot: Aldi festive sales surge 26% to record high
Sales at Aldi through December jumped by 26% to a record high of £1.4bn as Christmas trading was boosted by the World Cup. Plus, Hotel Chocolat agrees new Japanese partnership and post-Christmas footfall rises.
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NewsDairy exporter Somerdale sees sales and profit fall slightly post-pandemic
The exporter saw turnover fall by 3.4% to £44.3m. Meanwhile, operating profit and pre-tax profit all fell, by 13% and 12%
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NewsCity snapshot: NWF expands reach with £10m fuel oils deal as H1 trading remains ‘strong’
Specialist fuel, food and feed distributor NWF Group has reported “strong” first-half trading and announced a £10m acquisition in an update to the London Stock Exchange this morning. Plus, Greencore hands Sheffield workers a bumper pay increases ahead of Christmas
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NewsCity snapshot: General Mills upgrades sales and profits guidance as Q2 beats expectations
General Mills has raised full-year forecasts for its top and bottom lines after beating expectations in the group’s second quarter. Plus, Pets at Home appoints former Asda boss Roger Burnley as non-exec.
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NewsCity snapshot: British Honey Co losses surge
Losses at the British Honey Co ballooned to £12m in 2021 as a result of a number of writedowns, it was revealed this morning as the distiller and honey producer published long-delayed accounts.
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NewsCity news: Poundland owner Pepco posts strong growth despite ‘challenging’ environment
Poundland owner Pepco continued to negotiate the squeeze on consumer incomes this week by posting strong sales and profit growth despite macroeconomic pressures
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NewsMy Fabulosa benefits from non-core moves as disinfectant sales slow
Cleaning disruptor My Fabulosa has overcome the post-Covid slump in disinfectant sales by rapidly expanding its fragranced ranges outside of its core category
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NewsAF Blakemore sales soar 19% to £1.19bn
Key investments meant the group delivered a pre-tax loss of £3.3m, down from a pre-tax profit of £6m in the previous year
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NewsPoundland closes all Fultons Foods stores as frozen range rolls out across its own estate
A trading update also revealed a shake-up ahead for Poundland’s clothing and GM buying team
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NewsCity News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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NewsMeadow Foods reports strong growth with sales and profits up
Meadow attributed its growth to rising milk and dairy ingredient prices, alongside “some volume growth” of ingredients, while exports performed solidly
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NewsCity snapshot: ABF says cost inflation remains significant but volatility diminishing
Ahead of its annual general meeting today, ABF has said its outlooking for the current financial year remains unchanged but that the volatility of input costs has begun to ease
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NewsCity snapshot: Naked Wines turnaround takes shape despite fall into the red
Naked Wines has slipped to a loss in the first half but pointed to an improvement in underlying profitability as it embarks on a new strategy to turn the group’s performance around.
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NewsCity News: Greencore shares plunge despite food to go recovery
Prepared food group Greencore posted a huge jump in sales and profits this week, but its shares fell on worries over its outlook
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NewsWilko falls to staggering loss as high streets struggle
Total sales fell by £43.2m to £1.32bn, while like-for-likes dipped by 3.1%, according to accounts newly filed at Companies House
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NewsCity snapshot: Greencore sales and profits jump on food-to-go rebound
The strong rebound in food to go boosted annual revenues and profits at Greencore, though the group warned of “further substantial inflation” in the coming year. Plus updates from Unilever, Treatt, Supreme and all the rest of the latest news from the City.