latest – Page 90
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NewsCity snapshot: Graze sales slide as buyout nears
Sales dived 5.2% at healthy snacking brand Graze last year as the search for a buyer continues into the New Year. Plus, British American Tobacco makes a raft of staffing changes, Dole Food Company sells European salad businesses to BAMA International and all the rest of the latest news from the City.
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NewsJJ Food Service sales pass £200m - but profits decline
The company saw pre-tax profits plunge from £6.1m to £3.7m
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NewsPoundland posts strong growth in fourth quarter
Poundland’s growth was driven primarily by the introduction of Pep&Co clothing outlets in 300 branches
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NewsFirst quarter losses widen at 2 Sisters amid “substantial turnaround challenge”
2 Sisters owner Boparan has once more posted widening losses in its first quarter as it continues to tackle its “substantial turnaround challenge”.
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NewsPoundstretcher sales and profits drop as it expands estate
The Grocer revealed last week that Poundstretcher planned to convert the entire estate to the Bargain Buys banner
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NewsGrocery growth slows as Christmas looms
The latest grocery market share figures have showed the weakest supermarket sales growth since March 2017 as the industry heads into the vital Christmas trading period.
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NewsMcColl's says P&H woes are behind it despite profit warning
The convenience retailer adjusted full-year EBITDA to £35m from the forecasted £44m
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NewsSushi Daily growth and Pret contract loss hits Taiko Foods
Waitrose sushi supplier Taiko Foods has fallen into the red after being hit by the growth of Sushi Daily and the loss of its Pret a Manger supply contract.
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NewsCity snapshot: Associated British Foods warns of “tough” retail market
Associated British Foods has warned of the impact of a “tough” retail market on its Primark clothing chain, which experienced “challenging” conditions in November. Plus the FTSE has its worst day since Brexit and all the rest of the latest news from the City.
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NewsJascots blames cost hikes and poor harvest for pre-tax loss
Its managing partner John Charnock called it “an interesting year for wine merchants that specialise in servicing the on-trade”
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NewsMarket share gains drive first half growth at packaging giant DS Smith
FTSE 100 packaging firm DS Smith has grown organic revenues by 3.2% in the first half due to volume growth and market share gains and announced plans to sell its plastics division.
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NewsMcColl's shares plummet after profit warning issued
Convenience retailer McColl’s shares plummeted 23% after it issued a profit warning, blaming problems relating to its Morrisons supply contracts
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NewsFortnums sees profits rise 26% through multichannel sales
The queen’s grocer had its sixth successive year of double-digit sales growth
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NewsProfits slide at Refresco after rise in raw material costs
Refresco Beverages saw pre-tax profits dive to £7.3m in the year ended 31 December 2017
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NewsCity snapshot: Lower pig prices hold back Cranswick’s first half growth
Protein supplier Cranswick has posted first half revenue growth of just 0.6% as export sales fell back. Plus, Greggs upgrades full year expectations on strong autumn trading and William Jackson Food Group agrees to buy premium olive oil brand Belazu.
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NewsCake Box half year profits jump 34% in first post-IPO trading update
Cream cake retailer Cake Box saw adjusted profits surge 34% in its first half year results since launching its IPO on the AIM market in June
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NewsProfits slide 25% at Stateside Foods
The supplier saw pre-tax profit slide 25% to £5.2m for the year ended 28 Feb 2018
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NewsMajestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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NewsSSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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News2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18