latest – Page 97
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Noble Foods sees pre-tax profits drop amid falling egg prices
Newly filed accounts at Companies House show pre-tax profits slumped by 78.8% in the year to 30 September 2017.
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Young's reveals losses as bidders raise interest
The seafood supplier recorded a 5.4% upturn in sales over the year
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City snapshot: Low sugar prices temper Primark growth at ABF
Associated British Foods has announced it expects hit full year expectations despite a reduced profit in its sugar division as the group has enjoyed higher margins than expected at its Primark clothing retail business. Plus, Premier Foods and Oasis row continues, World Cup helps positive trading at C&C Group, new non-exec at Ocado and all the rest of the latest news from the City.
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Sainsbury's sales growth slows following price investments
Like-for-likes were up 0.2% compared to 0.9% in the previous quarter
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City snapshot: Sainsbury's like for like growth slows to 0.2% in first quarter
Sainsbury’s like-for-like sales growth slowed to 0.2% in the first quarter of 2018 as it instigated price cuts to battle a “competitive market”.
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McBride sells personal care business and issues profits warning
Own label household goods manufacturer McBride has agreed a £12.5m sale of its European personal care liquids business and issued a profits warning on weaker than expected early summer sales.
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Tate & Lyle Sugars blames 'uncompetitive' EU regulations for huge loss
Brexit backer Tate & Lyle Sugars has blamed the ‘uncompetitive’ European Union sugar regime for annual losses that have ballooned to more than £25m.
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Fruit Bowl maker back in profit despite sales decline
Fruit Bowl snacks maker Stream Foods is back in the black after improving profitability, despite a drop in sales.
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Poundland defies high street turmoil with positive results
This whole story of the demise of the high street is actually the demise of poor retailers, says Poundland MD Barry Willia…
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2 Sisters profits fall 77% amid protein division restructure
The poultry giant said volume growth was more than offset by the “negative impact of beef, poultry and fish price inflation”
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Whitbread blames high street woes for Costa Coffee sales fall
Whitbread said a decline in footfall in traditional shopping locations dragged Costa’s like-for-like sales back 2% in its first quarter.
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Greene King's profits slump amid rising costs and cold winter
Annual profits slumped by 11.4% at brewer and pub company Greene King last year as it suffered from the cold British winter and rising costs.
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Giant crumpets help prop up Warburtons’ annual sales
However, Warburtons’s pre-tax profits dived by 40.2% in the 53 weeks to 30 September 2017
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Five Waitrose stores to close as JLP issues profit warning
Four Waitrose convenience stores and one supermarket have been earmarked for closure, as tough high street conditions took their toll
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City snapshot: Costa Q1 like-for-likes slide ahead of demerger
Whitbread owned Costa Coffee grew its first quarter sales by 5.2% ahead of its planned demerger, but like-for-like sales fell 2% reflecting the slump on UK high streets. Plus, butchery group Crawshaw suffers 12.9% like-for-like collapse in 20 weeks to 17 June and all the rest of the latest news from the City.
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City snapshot: 2 Sisters hit by protein price inflation
UK chicken giant 2 Sisters was buoyed by the £200m sale of Goodfellas to Nomad Foods in its third quarter, but underlying profitability collapsed on a £5.8m protein division loss. Plus, Oasis Management steps up campaign against Premier Foods CEO Gavin Darby and all the rest of the latest news from the City.
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Losses deepen as profit margins drop at Daniels Chilled Foods
Newly filed accounts show the Hain Daniels subsidiary recorded an almost £18m decline in turnover
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Haribo sales jump 4% despite 'challenging' market conditions
Dunhills (Pontefract) grew sales despite a 1.2% decline in the wider consumption of confectionery last year
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Company Shop eyes further expansion after profits boost
Turnover in the year to 30 September 2017 rose 8% to a new annual high of £34m
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Froneri returns to profit in first year since R&R/Nestlé merger
Froneri said it had “performed strongly” in the year to 31 December 2017