latest – Page 83
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NewsCity snapshot: AG Barr posts ‘record’ first half profits as out-of-home consumption rebounds
Irn-Bru maker AG Barr has posted record first half profits as the out-of-home soft drinks market rebounded, but warned second half margins will slide on rising costs.
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NewsAldi’s checkout-free store: location of first ‘frictionless’ discounter revealed
The store will use a system of cameras, sensors and artificial intelligence to identify products customers take from shelves, eliminating the need for checkouts
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NewsCity Snapshot: Aldi to invest £1.3bn following record sales in 2020
Aldi has revealed plans to invest £1.3bn over the next two years in an attempt to grab a bigger share of the UK grocery market following sales hitting record levels in 2020.
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NewsSeabrook sales hike boosts Calbee profits
Newly filed accounts revealed 2020 turnover of £43.7m.
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NewsAston Manor reports record performance in face of Covid challenges
The cidermaker has posted a record performance in 2020 despite the hospitality sector battling mass disruption throughout the pandemic
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NewsInnocent turns pandemic sales decline around
CEO Douglas Lamont told The Grocer “a steady return” of the impulse business as lockdown restrictions ended had led to “an encouraging” performance in 2021.
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NewsCity Snapshot: PZ Cussons swings to a loss as turnaround effort makes progress
Personal care group PZ Cussons has swung into the red as it put a turnaround plan into action, with CEO Jonathan Myers hailing the initial progress but recognising there was “much more to do”. Plus, full-year results from Eagle Eye.
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NewsPret a Manger unveils ambitious growth plans after losses spiral to more than £250m
The Covid pandemic wiped more than £400m from Pret’s sales in 2020
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NewsCity Snapshot: C-stores boosted by return of pre-Covid shopping habits
A gradual shift to pre-pandemic shopping behaviour has delivered a boost to the UK’s convenience store market, according to the latest monthly data from NielsenIQ. Plus, a fourth quarter trading update from Compass Group, and full-year results from Real Good Food.
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NewsCity Snapshot: Finsbury Food Group shows signs of recovery from Covid
Bakery group Finsbury Food has boosted sales and profits as it adapted to the ongoing coronavirus pandemic and saw lost foodservice business begin to recover. Plus, Supermarket Income REIT has added six more supermarkets to its portfolio, and Ultimate Products has signed a license brand endorsement with Weight Watchers.
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NewsCity News: Ocado Retail suffers impact of Erith fire as growth takes hit
The joint venture between Ocado and M&S saw a 10.6% drop in third-quarter revenues from £578.8m back to £517.5m
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NewsWarp Snacks reports ‘exceptional’ start to trading
Sales of Warp Snacks, the company created after Exponent’s acquisition of Proper Snacks, are up almost 30% this year.
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NewsMüller bounces back into black after several years of losses
The dairy giant posted an operating profit of £17.2m last year, according to its latest accounts
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NewsCity Snapshot: John Lewis cuts losses but exceptional costs leave it in the red
The John Lewis Partnership has bounced back from a £635m loss in its first half of 2020, but remains in the red. Plus interim results from The Co-op and Hilton Food Group, while Phillip Morris declares victory in Vectura battle.
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NewsCity snapshot: International growth drives 36% Fever-Tree sales rise as margins slide
Premium mixers suppliers Fever-Tree has posted a 36% rise in year-on-year revenues in the first half of the year, though rising cost pressures meant margins contracted
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NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.
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NewsJTF stores begin reopening after sale of chain to Poundstretcher owners
JTF’s Tamworth store reopened on Thursday (10 September) selling a “large range of cleaning, toiletries, food and drink, home, garden and much more”
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NewsYo Sushi owner counteracts restaurant sales drop with more supermarket counters
Yo Sushi parent company Snowfox suffered a sharp drop in sales as stores were forced to shut in pandemic, but it continues to grow its supermarket presence to mitigate the impact
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NewsCity snapshot: ABF ups profit guidance on sugar and Primark outperformance
Associated British Foods has raised its full year profit guidance after the fourth quarter margin performance of Primark and its sugar business beat expectations
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NewsMorrisons warns of ‘industry-wide retail price inflation’ later this year
The pandemic, rising commodity costs, freight inflation and the shortage of HGV drivers across the UK were all putting pressure on prices, it said