latest – Page 56
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NewsCider sales dipped ahead of pandemic, financials reveal
Westons and Aspall have posted losses for the last financial year
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NewsCity snapshot: WH Smith reports surprise Christmas boost
WH Smith has performed better than expected over Christmas as its high street stores operated at close to 2019 levels despite the ongoing Covid restrictions. Plus, Wincanton upgrades profit forecasts as shoppers turn online. And, inflation rises to 0.6% for December.
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NewsLindt sales slump as Covid lockdown hits Christmas trading
Group revenues slumped 6.1% to CHF 4bn (£3.3bn) in 2020 as a result of lockdown restrictions across the world and a fall in out-of-home consumption. The fall was in line with guidance the Swiss chocolatier gave at the half year, with expected declines between -5% and -7%.
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NewsCity snapshot: Premier Foods profits jump as branded sales continue to surge
Premier Foods has upgraded its full year profit expectations as consumer demand for its branded goods continues to boom. Plus, Hotel Chocolat posts double-digit Christmas growth despite COVID and all the rest of the latest news from the City.
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NewsFlorette owner Agrial improves profitability despite sales dip
The company cut back on its losses thanks to ‘improved cost control’, accoring to its latest financial results
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NewsFruit supplier J. O. Sims sees big sales boost after cereal supply contract win
But profits were dented by market volatility and the impact of Brexit on the pound, according to its latest financial results
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NewsCity unconvinced by Tesco’s Christmas numbers as Booker struggles
The UK’s largest supermarket group announced like-for-like sales growth of 6.7% for the 13 weeks to 28 November 2020
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NewsTyrrells and Popchips acquisitions boost top line at KP Snacks
The addition of Tyrrells and Popchips to KP Snacks’ portfolio of brands has helped boost sales by more than 25%
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NewsCity Snapshot: Tesco posts Christmas sales growth of 8.1% as Covid costs mount
Tesco has reported a “strong” sales performance in its third quarter and Christmas period, although new coronavirus restrictions have added a further £85m to existing Covid costs. Plus, trading updates from ABF, Bakkavor, Hilton Food Group, Finsbury Food Group and Science in Sport
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NewsBooths reports strong Christmas with like-for-like sales up 12%
There were strong sales of smaller turkey lines, up 23%, while turkey crown sales rose 38%
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsCity snapshot: Nichols annual sales drop 19% as out of home revenues slump
Vimto producer Nichols has reported a 19.3% drop in 2020 revenues as the coronavirus outbreak decimated out of home sales. Plus trading updates from The Hut Group, British Honey Co and Carr’s, while B&M founders sell £218m of shares and all the rest of the latest news from the City.
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NewsKettle back in the black following sale to Valeo Foods
Bagged snacking brand Kettle has bounced back into the black following its acquisition by Valeo Foods, as the CapVest-owned group further expands its snacking empire
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NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
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NewsPrinces profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
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NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
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NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
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NewsYoung’s & Karro register big sales growth after addition to Eight Fifty Food Group
It was the first time both companies had filed financial results since the creation of the ‘surf and turf’ umbrella group
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NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
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NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.