more results news & analysis – Page 110
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Waitrose profits down by more than a third
Operating profit before exceptional items was down 32.1% to £172 million for the 52 weeks to 27 January
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City snapshot: Domino's defies UK consumer caution with sales jump
Domino’s Pizza Group, the UK-based master franchise business, has shrugged of a the struggles of the high street dining sector by posting a double-digit rise in revenues. Plus all the rest of the latest news from the City.
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City snapshot: Stock Spirits profits hit by tough conditions in Poland
Central and Eastern European spirits producer the Stock Spirits Group has revealed a year-on-year increase in revenue and sales, but a decrease in profits on troubles in its core Polish business. Plus, Aldi signs up to UK Plastics Pact, FTSE 100 dips on trade worries and all the rest of the morning’s news from the City.
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Strong US performance returns PureCircle to double-digit growth
Stevia sweetener producer PureCircle has returned double digit growth of 13.3%, driven by an excellent performance in the United States and Europe.
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Fourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
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AB InBev toasts strong fourth-quarter results
The City was toasting AB InBev after it surprised the market with far stronger fourth-quarter results than expected
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Mackie's profits hit by 250% rise in price of cream
Growth in chocolate bar sales as well as exports to the Far East helped ice cream maker Mackie’s grow sales
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Brexit vote hits Bon Bon Buddies profits
Welsh confectioner Bon Bon Buddies fell to a pre-tax loss last year, blaming the Brexit vote
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Total Produce reveals profit jump in preliminary results
Pre-tax profits were up 43.2% to €72.5m (£64.3m) in the year to 31 December 2017
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City snapshot: Strong end to the year boosts AB InBev
AB InBev is toasting a solid performance in 2017, with fulll-year and fourth quarterly revenue growth of 5.1% and 8.2% respectively and strong bottom-line growth.
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City snapshot: Bakkavor full year sales up 4.6% but listing costs hit profits
Ready meals supplier Bakkavor has announced a solid increase in full-year sales and net income in its maiden set of results since becoming a plc
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Greggs boss warns of rising costs even as commodity inflation eases
Greggs’ chief executive Roger Whiteside has warned that 2018 will be a year of significant cost headwinds, due to wage inflation and auto enrolment pensions.
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City snapshot: Greggs battles rising costs and "challenging" economy to post sales rise
Greggs has shrugged off worries over high street spending to record a small improvement in underlying pre-tax profits, due to the store expansion and improvements made to product ranges.
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McColl's breaks £1bn sales barrier thanks to new stores
Total revenues in 2017 jumped 19.1% to £1.1bn following the integration of the 298 shops acquired from Co-op
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City snapshot: Associated British Foods reports sugar and Primark slowdown
Associated British Foods (ABF) has announced it expects to post a first half fall in revenues in its sugar division and a like-for-like sales drop at Primark, though grocery continues to grow. Plus, Hilton Food Group extends Aussie partnership with Woolworths, Tesco and Booker seek shareholder approval for merger this week and all the rest of the latest news from the City.
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High street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
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Reckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
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Arla promises NPD to grow Yeo Valley sales
Under the proposed deal, Yeo Valley will quit the liquid milk business
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City snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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Asda reports fourth consecutive sales increase after a strong Christmas
Like-for-like sales rose just 0.5 per cent in the last three months of 2017, as the supermarket fights off competition from the discounters