latest – Page 83
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NewsCharlie Bigham’s sales jump but profits slip into the red
Upmarket ready meals supplier Charlie Bigham’s has posted a £9.3m jump in annual sales in its most recent financial year, but investment in growing capacity sent the company into the red.
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NewsIceland reports 4.5% rise in sales as EBITDA falls back
Sales were boosted by a net increase of 43 stores
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NewsSpanish fine foods importer Mevalco doubles sales last year
A customer showroom and new kitchens are due to be completed in the autumn
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NewsCity snapshot: Tesco first quarter growth slows amid 'subdued' market
Tesco is continuing to outperform a “subdued” UK grocery market, as its first quarter like for like sales rose 0.8% in the UK and Republic of Ireland. Plus, Majestic Wine confirms “advanced discussions” over the sale of Majestic Retail and Commercial businesses, M&S rights issue undersubscribed, PZ Cussons trading update and all the rest of the latest news from the City.
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NewsSymington's sees sales and profits rocket as turnaround continues
The Ragu owner reported a rise in sales in the year to 26 August 2018 from £115m to £120.3m…
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NewsCity snapshot: Global demand for premium spirits boosts Rémy Cointreau
French spirits giant Rémy Cointreau has posted annual sales growth of 7.9% driven by strong global sales of its key premium brands.
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NewsCamelot reports £255m boost in National Lottery sales
Altogether £1,654.7m was generated for good causes and £4,128.5m was awarded in prizes to players
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NewsNetwork Rail reports retail sales jump across 18 train stations
Across Network Rail’s managed station estate, like-for-like sales rose by 2.4% for the fourth quarter
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NewsApplegreen reports solid trading so far in 2019
Forecourt trader Applegreen will continue to explore opportunities in the US, chairman Daniel Kitchen will announce at its AGM this morning.
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NewsLRS maintains profits despite soft drinks levy and dip in sales
LRS has posted a drop in sales of £5.9m but its pre-tax profits edged up regardless
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NewsBeavertown off-trade sales surge 500% after Heineken sale
The surge had been largely driven by the popularity of its session IPA
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NewsPep&Co clothing drives soaring revenue growth at Poundland
Store numbers rose by 0.5% from 871 to 875, with 20 opened and 16 closed as Poundland continued to ‘rationalise its portfolio’
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NewsQuorn's profits dip as it steps up investment in growth
Veggie foods specialist Quorn grew sales by 7% last year, though profits fell back as it continues to invest in expansion of its meat-free ranges.
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NewsTate & Lyle sees 75% increase in losses as sugar beet quotas end
T&L Sugars, owned by American Sugar Holdings since 2010, posted a pre-tax loss of €50m (£44m) in the year to 30 September as the end of sugar quoatas caused a glut of supply in the market.
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NewsCity sours on B&M over core business slowdown
B&M Bargains has been a rare beacon of hope for the beleaguered UK high street, but investors gave the group’s annual results the cold shoulder this week despite its stellar growth.
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NewsCity snapshot: Annual losses balloon at Tate & Lyle Sugars
Losses ballooned at Tate & Lyle Sugars as the glut of sugar production in the EU following the end of quotas hammered prices and profitability. Plus, annual losses at parent and young children specialist retailer Mothercare rose to £87.3m last year and all the rest of the latest news from the City.
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NewsLeon expansion behind loss despite 25% sales jump
Leon cited concerns about rising business rates, wages and food inflation as well as uncertainly surrounding Brexit
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NewsDanish Crown sees benefits of boost in pork exports to China
Danish Crown pointed to the ‘unprecedented recovery’ in the pork market in recent months
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NewsStore openings boost annual growth at B&M Bargains
B&M Bargains owner BME European Value Retail has delivered another “strong” annual performance with a double-digit rise in sales and underlying earnings.
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NewsM&S announces £600m discounted rights issue to fund Ocado JV
Marks and Spencer has announced a £600m rights issue to fund its joint venture with Ocado as it reveals a 10% drop in pre-tax profits and a 3% drop in annual revenues.