latest – Page 69
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NewsCity snapshot: Waitrose sale ‘not up for debate’ in John Lewis turnaround plan
John Lewis Partnership chairman Sharon White has insisted a sale of Waitrose is not on the table as the group revealed a wide-scale strategic review.
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NewsCharlie Bigham’s propelled back into the black with sales boost
Upmarket ready meals supplier Charlie Bigham’s has rebounded back into the black, driven by stellar sales growth that continues to defy the wider slump in the ready meals market.
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NewsCity snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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NewsCity snapshot: DS Smith delivers ‘robust’ Christmas performance
FTSE 100 packaging giant DS Smith said it had delivered robust performance since 1 November despite macro-economic uncertainty. Plus, Devro falls to loss amid factory writedowns and all the latest news from the City.
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NewsHenderson Foodservice reports 23% surge in sales
MD Cathal Geoghegan attributed the rise to acquisitions and organic growth
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity Snapshot: Just Eat Takeaway.com takes action against Delivery Hero
Just Eat Takeaway.com is taking action against German rival Delivery Hero, accusing it of breaking a standstill agreement by announcing plans to increase its stake in the newly merged UK-listed firm.
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NewsFiddes Payne reports sales drop of 23%
Sales at home baking and spices supplier Fiddes Payne plunged last year due to weakness in its core UK market.
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NewsJempson’s hails boosted c-store trade and premium range for solid growth
The group grew overall gross sales by 4% to £32.9m compared with 2018
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NewsPukka Pies sales rise after ramped-up marketing activity
Several advertising and marketing campaigns run during the year have bared fruit, boosting the pie manufacturer’s sales almost 7%
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NewsCity snapshot: Danone cuts 2020 guidance on ‘volatile and uncertain’ outlook
French dairy giant Danone has cut its growth targets for 2020 amid ‘volatile and uncertain’ global economic conditions and the potential impact of the coronavirus outbreak. Plus, Diageo and SSP Group warn of financial hits from COVID-19 outbreak, annual results from McColl’s and Nichols and all the rest of the latest news from the City.
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NewsCity snapshot: Hotel Chocolat boosted by store openings and global growth
Hotel Chocolat has posted a double-digit rise in first half sales and 7% pre-tax profit growth driven by the opening of new stores, international expansion and growing sales of its Velvetiser hot chocolate system. Plus, Tesco sells its share of China joint venture and all the rest of the latest news from the City.
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NewsBig 30 wholesalers shrug off challenges to record strong growth
The leading UK wholesalers have continued to perform strongly despite facing an ever increasingly list of challenges
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NewsCity snapshot: ABF ‘well-stocked’ for Coronavirus outbreak
Associated British Foods has said it is closely monitoring the Coronavirus outbreak in China, though it does not expect any short-term impact.
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NewsTesco clubcard operator Dunnhumby enjoys international sales boost
Sales at Tesco Clubcard operator Dunnhumby were boosted by international growth last year as it continued to diversify revenues away from its parent company.
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NewsRising costs damage profits at CK Foodstores despite sales growth
CK opened two more stores during the year to take its estate to 28 sites across Wales
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NewsCity snapshot: McBride profits slump amid weak second quarter
Private label household goods manufacturer McBride has announced a slump in first half sale and profits after a weak second quarter amid “difficult” market conditions.
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NewsArla reports sales growth but UK liquid milk hits results
Arla’s UK boss was ’concerned’ about the future of liquid milk in the face of a profitability crisis across the sector
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NewsAsda blames challenging market conditions for sales decline
Asda posted a 1.3% decline in like-for-like sales in the fourth quarter, as cash-strapped customers failed to provide the Christmas trading boost it had hoped for.
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NewsCity snapshot: Kerry Group profits jump to €900m on growth and acquisitions
Irish food and ingredients giants Kerry Group has posted a double-digit rise in annual profits on the back of solid volume growth and the contribution of acquisitions.