more results news & analysis – Page 119
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Morrisons' seventh quarter of growth fails to impress City
As Morrisons found this week, the trouble with over-achieving is that it builds expectations
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Waitrose profits hit by Brexit and store renovation costs
Waitrose sales rose 2.2% to £3.1bn, with like-for-like growth of 0.7%
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Morrisons' seventh quarter of growth: what the analysts say
Industry commentators continue to be impressed by CEO David Potts’ turnaround of the retailer
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Reynolds turnover drops following Pret A Manger delivery exit
The wholesaler saw its sales fall to £190.5m for the year ending 31 December 2016
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McBride bounces back from bruising price war
Own-label supplier McBride was an early victim of the supermarket price wars as heavy branded discounting squeezed sales, but the household goods supplier appears on the way back.
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Typhoo faces second year of decline in flagging black tea
Typhoo and PG Tips both suffered delistings in the past year at Tesco
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Farmfoods' pre-tax profits halve as sales drop by £25m
Pre-tax profits at frozen foods supermarket Farmfoods more have halved in 2016
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Growth slows as dairy and meat hikes pile pressure on Higgidy
The business warned margins were under pressure in the new financial year
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McCormick UK profit slumps due to weak pound and writedown
It incurred interest charges of £3.7m and an investment impairment of £2m
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Scottish Salmon Co reports record half-year results
Revenues up 25% year on year on the back of higher prices, strong demand and lower volumes
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Sales up 15% for Arla UK branded portfolio
Year-on-year group revenues for the global Arla Foods grew 3.4% to €5bn (£4.6bn), according to the half-year results
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Weak pound pushes down Duerr's profits
Profits have slid almost 20% at conserve maker Duerr’s as the weak pound and low sector growth hit the business
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$11bn wiped from supermarket and food & drink shares as Amazon fires gun on price war
More than $11bn (£8.6bn) has been wiped off the value of the world’s largest supermarkets and food and drink manufacturers
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Molson Coors outperforms UK beer market
Carling brewer Molson Coors has outperformed the UK beer market after growing domestic sales 3.1% to £1.35bn last year
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Birds Eye owner Nomad slows decline in UK as prices increases lift sales
Birds Eye and Findus owner Nomad Foods recorded organic growth for the second quarter in a row as the group pushed through price increases
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Greencore shares tumble as it tries to reassure the City
Shares in Greencore have slumped by almost 9% today after the sandwich maker tried to reassure investors over the continued fall in value of the stock during 2017.
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The Kay Group profits fall as tobacco and petrol gets tougher
Kay warned he did not expect to see an uplift in performance in next year’s results
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Tesco £85m investor compensation scheme opens
The scheme, agreed by the supermarket with the Financial Conduct Authority (FCA) in March this year, will cost Tesco an estimated £85m
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Carlsberg bottom line growth compensates for volume slump
A worse than expected sales volume slump was accompanied by stronger than forecast progress on the bottom line
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Castle Dairies returns to double-digit growth
Welsh butter producer returns to double-digit growth as investment in its factory pays off and exports to Europe rise