latest – Page 57
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NewsOne Below sees expansion opportunity as retail failures leave stores vacant
The chain is also negotiating better terms with landlords whenever leases come up for renewal, according to its accounts
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
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NewsThe Fresh Produce Centre posts operating loss, first full accounts show
Fresca Group’s recently formed retail-focused fresh produce business endured a ‘turbulent’ first full year of operating
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NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
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NewsHeart of England Co-op half-year update records soaring food sales
The society’s newest stores, including Rotherham Road in Coventry and Sketchley Brook in Hinckley, all recorded ‘significant’ increases
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NewsCity News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
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NewsPlant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
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NewsCompagnie Fruitiere eyes UK expansion as sales leap 28%
The French firm’s UK division principally supplies bananas to at least two major retailers
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NewsYeo Valley bounces back after restructure leads to 72% profit hit
The supplier saw pre-tax profits rise by 31.6% to just under £4m for the year to 31 May 2020
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NewsCity snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
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NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.
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NewsWholesaler Parfetts sees annual turnover leap 26% to £474m
Parfetts has also added 150 stores to its Go Local symbol group this year, taking it to 650 in total
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NewsCity snapshot: B&Q owner Kingfisher joins flurry of retailers returning business rates relief
Screwfix and B&Q owner Kingfisher has joined the flood of retailers to hand back business rates relief received during the coronavirus pandemic. Plus, a trading update from The Hut Group and Mike Ashley’s Frasers Group confirms Debenhams rescue talks.
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NewsFarmison & Co growth rockets 550% as mutton sales soar
Turnover is expected to more than double to £12m in the year to end of March 2021
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NewsMüller highlights restructure success despite posting £76m loss
The dairy giant’s Project Darwin cost-cutting strategy launched was launched in February 2019
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NewsAt-home demand for gin helps Chase Distillery offset on-trade collapse
The company, which was snapped up by Diageo in October, experienced “very strong” growth with retail partners
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NewsContract loss and coronavirus hit profits at Branston maker Mizkan Euro
The maker of Branston pickle and Sarson’s vinegar has posted a sharp rise in pre-tax losses, amid mounting cost inputs and the loss of a private label contract.
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NewsCity snapshot: Second lockdown costs ABF £430m in lost sales
A second wave of coronavirus lockdowns has cost Associated British Foods £430m in lost sales, as Primark stores have closed across Europe. Plus, Pets at Home the latest retailer to pay back business rates relief and all the rest of the latest news from the City.
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News2 Sisters trumpets turnaround plan after surge in profit
The poultry giant saw operating profits rise to almost £40m for 53 weeks to 1 August following a major shake-up of the business