latest – Page 64
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NewsCity snapshot: Nichols profits halve as coronavirus pandemic hits out of home sales
The company’s adjusted operating profits for the six months to 30 June amounted to £6.8m, a 48.9% drop on the previous year’s £13.3m
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NewsIceland’s losses grow despite boost to sales
Pre-tax losses for the year ending 27 March 2020 were £71.8m, up from £53.8m the previous year, according to new accounts
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NewsFood surplus retailer Company Shop sales rise 17% on estate expansion
During the year the company opened its first retail store in Scotland, doubled the size of its Corby store and opened its fifth Community Shop in Halton
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NewsFirst Milk posts “solid” results despite weakened dairy market
The dairy co-op has seen a rise in both its turnover and operating profit, according to its latest financial results
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NewsHeineken sales slump 16% amid €550m coronavirus writedown
Global brewer Heineken has reported a 16% first half revenue slump amid “unprecedented volatility and uncertainty” caused by the coronavirus outbreak.
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NewsElla’s Kitchen continues to ‘outperform’ babyfood market despite pandemic
The Hain Celestial-owned brand reported revenues for the year ended 2019, up to £73.4m from £70.6m the prior year
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NewsCity Snapshot: Finsbury Food Group sales fall on coronavirus impact
The listed bakery manufacturer has guided for revenues in the year ended 27 June to be £306.3m, down from £315.3m last year
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NewsCity snapshot: Ocado first half retail sales top £1bn but pre-exceptional losses mount
Ocado has posted first half retail sales growth of 27.2% amid “unprecedented and sustained demand”, but its pre-exceptional losses rose by 64% to almost £80m amid mounting costs. Plus, Fever-Tree buys German distributor and updates on sales, McBride guides to better second half than expected and all the rest of the latest news from the City.
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NewsPoor potato harvest hits McCain profits
Profits more than halved at frozen foods specialist McCain last year as “one of the worst potato harvests in 40 years” hit its bottom line.
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NewsBrakes records £25m loss and warns over coronavirus impact
The loss came in the wake of £39.3m pre-tax profit from the previous year
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NewsPoundland revenues flat as rivals open in former Poundworld sites
Like-for-like growth had been driven by Pep&Co, while the positive impact of Poundworld’s demise had been offset by competitors opening in the chain’s former sites, according to newly filed accounts
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NewsCity snapshot: Distil revenues rise 21% since April on strong retail sales
The premium drinks brands owner now expects revenues for the first half up by 75% to 85%
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NewsHiggidy back in profit after stake sale to Samworth Brothers
Higgidy’s pre-tax profits came in at £42k, compared with a £180k loss the prior year
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NewsLosses mount at scotch whisky producer Loch Lomond Distillers
For the 12 months to September 2019, the Loch Lomond Single Malt and Glen Scotia producer generated losses of £17.1m compared with £10.1m a year ago
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NewsOnline sales still haven’t hit ‘high watermark’, says Sainsbury’s CEO
Higher online demand is here to stay, says Simon Roberts in first trading update as new CEO
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NewsCity snapshot: Sainsbury’s sales jump but coronavirus profit hit to exceed £500m
Sainsbury’s has reported a double digit grocery sales increase in the first quarter of the year, but warned it expects a profit hit of more than £500m from the coronavirus crisis. Plus, SSP Group plans to cut 5,000 jobs, B&M continues strong COVID trading and all the rest of the latest news from the City.
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NewsCity snapshot: Online sales surge boosts Tesco’s first quarter
Tesco has reported first-quarter UK like for like sales growth of 8.7%, including a forecast £2bn rise in online sales which have nearly doubled since the COVID crisis began.
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NewsPremier Foods shares surge to six-year high on strong branded growth
Premier Foods shares jumped to a six-year high this week, as the surge in sales during lockdown looks set to drive its performance this year beyond City expectations.
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NewsMoy Park expects to recover ‘good portion’ of coronavirus financial impact
The business implemented a ‘broad range of actions’ to mitigate the effect of the virus and expects its results to ‘not be significantly impacted’
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NewsPremier Foods sales and profits rise in year of ‘considerable progress’
Premier Foods’ annual sales and trading profits rose last year after strong trading during the coronavirus crisis built on ‘substantial progress’ during the period.