latest – Page 58
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NewsCity Snapshot: Sainsbury’s to hand back £440m of business rates relief
Sainsbury’s has joined Tesco and Morrisons in handing back its business rates relief, which will cost the supermarket around £440m
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NewsSymington’s returns to profit as pandemic boosts demand
Symington’s has bounced back into the black as a strategic plan led by the new CEO and demand driven by the coronavirus pandemic helped sales at the Chicken Tonight owner climb higher.
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NewsCity News: Compass Group and Greencore provide reasons for optimism
This year will not be looked back on with any fondness by out-of-home eating specialists
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NewsSecond lockdown hitting food to go less hard, says Greencore
Greencore said sales had decreased far less dramatically since the advent of new tiered restrictions
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NewsGraze losses increase as sales fall following Unilever acquisition
Operating losses at Graze have widened as sales slumped almost 20% following its acquisition by Unilever and closure of the US division
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NewsCity snapshot: Britvic confident in recovery after sales and profits plummet in lockdown
Brtivic’s boss has pledged to be at the forefront of the recovery in a soft drinks category slammed by the coronavirus pandemic after revenues and profits slumped at the group. Plus, PZ Cussons appoints a new CFO.
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NewsCity snapshot: Greencore raises £90m as coronavirus impact drives annual loss
Greencore has raised £90m in a share placement as the impact of the coronavirus outbreak led to a double-digit drop in annual sales and a pre-tax loss of more than £10m. Plus, on the busy morning, trading updates from Cranswick, Compass Group, Pets at Home and all the rest of the latest news from the City.
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NewsCity Snapshot: Danone to cut global SKU count by up to 30%
French food group Danone is to cut its product range by up to 30% in a cost-cutting effort to return to profitable growth in 2021
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NewsMars blames virus outbreak for 2020 profit and sales slowdown
The coronavirus crisis exacerbated a tough 2020 for the UK arm of the company
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NewsCity snapshot: Naked Wines sales soar as consumer discover online wine
First-half revenues at Naked Wines have soared 80% to £157.1m as consumers flocked to online as the coronavirus outbreak hit the UK. Plus Vimto maker Nichols is considering redundancies across its operations as the Covid pandemic continues to hammer the soft drinks market; European supermarket group Ahold Delhaize acquires online US grocer FreshDirect, and a trading update from Finsbury Food Group.
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NewsCity snapshot: Delayed harvests hit revenues at Origin Enterprises
International agri-services group Origin Enterprises has experiences a double-digit revenue drop in the first quarter as delayed harvests hit revenues. Plus, Wynnstay upgrades full year profit expectations, British Land loses £730m and all the rest of the latest news from the City.
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NewsCity snapshot: Profits and sales rise at Imperial Tobacco as lockdowns boost tobacco consumption
Imperial Tobacco has posted a rise in annual sales and profits despite a collapse in duty-free travel sales as coronavirus lockdowns have boosted at home tobacco consumption.
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NewsSalad supplier G’s records Covid-19 sales boost but margins tighten
Running to 2 May 2020, G’s Group’s annual accounts showed profitability narrowed despite increased sales
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NewsCity snapshot: Profits soar at EG Group despite fuel sales drop
EG Group, the new owner of Asda, has reported a surge in earnings in the third quarter despite a decline in revenues due to lower fuel sales.
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NewsCity snapshot: Lockdown and Covid costs drive WH Smith to £280m loss
WH Smith has fallen to a £280m loss as the due to the coronavirus-driven closure of stores and a slump in its travel business.
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NewsCity snapshot: Coca-Cola HBC puts fizz back in trading as countries emerge from lockdown
Coke bottler Coca-Cola HBC has reported “strongly” improved trading in the the third quarter as its markets across Europe and Africa reopened, but volumes cotinued to be affected by the ongoing coronavirus pandemic. Plus, grocery tech firm Eagle Eye has signed a five-year agreement with Australian retail chain Woolworths Group, and markets continued to rally yesterday on vaccine hopes.
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NewsPremier Foods wins over consumers during lockdown as sales boom
Premier Foods boss Alex Whitehouse is confident the group can hold on to the wave of new shoppers flocking to its household favourites
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NewsCity snapshot: Premier Foods upgrades profits outlook after ‘exceptional’ half
Premier Foods has raised its profit expectations for the year after “exceptionally” strong first-half results as consumers flocked back to its stable of household brands during the coronavirus pandemic. Plus, the latest Kantar and Nielsen supermarket data shows no sign of rampant panic buying after the new lockdown was announced. And the latest BRC-KPMG retail sales report. Finally, a host of food and drink stocks rallied yesterday after the hopeful vaccine announcement by Pfizer.
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NewsSt Austell Brewery records £10m first-half loss
St Austell Brewery has plunged to a loss of £10m in the first half of 2020, despite record supermarket sales during the coronavirus pandemic. Total turnover collapsed by 90% when all 178 of its pubs and hotels were forced to close in March as the country went ...
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NewsKilo yoghurt pot sales offset decline at Lancashire Farm
The Rochdale-headquartered dairy said retail volumes were up as much as 40% in March and April