latest – Page 84
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NewsCity snapshot: WH Smith CEO Stephen Clarke steps down
WH Smith chief executive Stephen Clarke has decided to step down at the end of October after 15 years with the company. Plus, trading updates from Cranswick, Greencore, Hilton Food Group, Tesco stops mortgage lending and all the rest of the latest news from the City.
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NewsParfetts reports 10% sales hike at Sheffield depot
Wholesaler attributed the growth to a switch to a 24-hour operating model
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NewsLily's Kitchen vows to double sales of its petfood globally
Premium petfood brand Lily’s Kitchen is plotting a huge exports push to double its international sales this year and break into the Asian and Middle East pet care markets.
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NewsAsda like-for-likes up 0.5% with Easter adjustment
Asda CEO Roger Burnley said the supermarket remained focused but warned of challenges ahead
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NewsExceptional costs drive £43m annual loss for Premier foods
Premier Foods has fallen to an annual loss of £42.7m as impairments and pension charges hit its bottom line, but core profitability improved in a further sign of “consistent progress”.
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NewsLWC Drinks hails 'aggressive growth' after £53m sales surge
The booze wholesaler has reported sales up more than £53m
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NewsWilko suffers 4% drop in sales in 'challenging environment'
Despite the sales drop, the retailer managed a return to profitability, credited to reduced costs
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NewsFarmfoods reverses 2017 decline with 2.7% revenue rise
Turnover rose from £642.7m to £660.3m in the year to 29 December, according to newly filed accounts at Companies House…
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NewsKettle falls to loss as it invests heavily in promotions
Premium crisps player Kettle Foods has slumped to a heavy loss as it maintained high levels of promotions to fight declining market share.
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NewsTails.com hits £21m in sales following Nestlé majority stake deal
This year’s sales will be driven in part by Tails.com’s first overseas expansion in February
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NewsMarussia Beverages falls to loss of £470k
MD Bruce Perry said the loss was due to ’continued marketing investment’ despite ‘difficult trading conditions’
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NewsMorrisons' retail growth slows as Ocado deal renegotiated
Morrisons has posted a 2.3% rise in like for like first quarter sales as it has announced a temporary suspension of its use of online partner Ocado’s Erith customer fulfilment centre and an end to the exclusivity of their partnership.
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NewsAB InBev explores IPO for Asian business
AB InBev is exploring a potential minority stake listing of its Asia Pacific business on the Hong Kong Stock Exchange as it announced “solid” first quarter sales.
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NewsCoupe vows to live well with less as Asda deal is 'history'
The embattled CEO insisted the future is bright for Sainsbury’s and this week vowed to stay for “months and years”
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NewsTotal Produce breaks €5bn in revenue after buying Dole stake
Sales soared by almost €700m, equal to 17%, in the year to 31 December 2018
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NewsWaitrose profits given huge boost by cut in staff bonuses
The most recent bonus represents the lowest profits-to-bonus ratio on record
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NewsReckitt Benckiser admits to 'slow' first quarter
Consumer health giant Reckitt Benckiser has posted a “slow” start to the year, with overall first quarter like for like growth of just 1%.
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NewsBlocked Asda deal costs Sainsbury’s £46m
Sainsbury’s collapsed merger with Asda cost it £46m in the year to 9 March, contributing to one-off costs that drove a 41% reduction in pre-tax profits to £239m.
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NewsSignature Flatbreads profits treble back under family control
Private label tortilla and naan manufacturer Signature Flatbreads has grown sales and profits in the year the company was taken back under family ownership.
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NewsZetar confectionery and snacks divisions return to profit
Confectionery and natural snacks maker Zetar has turned a corner after two years of losses.