more results news & analysis – Page 11
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News
Sainsbury’s records ‘strong’ Christmas sales as premium demand increases
Sainsbury’s saw its ‘best ever year’ for sales of mine pies and premium cheese
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City snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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City snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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Record Black Friday drives 9.8% Q1 sales growth for Boots
Online sales in the three months to 30 November were up 17.5% year on year, contributing 19.2% of total retail sales
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Premium spirit sales forecast to come under pressure in 2024
Consumers are likely to trade down into cheaper alcohol in 2024 to add further pressure to premium drinks brands, according to Bloomberg Intelligence
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City snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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Mackie’s sales jump 17% but rising costs hit profits
Premium ice cream player Mackie’s saw its sales jump 17% in its most recent financial year, but profits fell back as it absorbed sharply higher costs rather than pass them on to consumers
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City snapshot: ‘Whopper’ Christmas for supermarkets as Brits spend a record £13.7bn over the festive period
Supermarkets enjoyed the busiest Christmas since before the pandemic as a record £13.7bn passed through their tills over the crucial December trading period, according to data released this morning
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City snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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City snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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City News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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City snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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City News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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City snapshot: DS Smith CEO to retire as box volumes fall amid ‘weak’ demand
Long-serving DS Smith CEO Miles Roberts is to stand down from his role as the box maker reported a drop in revenues and profits amid weak demand
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Wholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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City snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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Valeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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City News: Greencore shares decline despite stabilising performance
Shares in Greencore tumbled this week despite the sandwich maker reporting significant progress in its ongoing recovery.
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City Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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Higgidy sinks to a loss as inflation and bakery expansion hit savoury pastry maker
The upmarket savoury pastries brand was hit by disruption during a major bakery upgrade and experienced a massive spike in costs