more results news & analysis – Page 122
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Quorn to invest £150m in factory as exports boom
The meat substitute brand also revealed soaring global growth as its focus on exports following the takeover by Philippines-headquartered Monde Nissin in 2015 began to pay off.
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City snapshot: Reckitt’s first half sales slip amid portfolio transformation
First half like for like sales fell 1% at FTSE 100 consumer goods firm Reckitt Benckiser despite its “significant progress on portfolio transformation”. Plus, Co-op stores deal boosts sales at McColls, Quorn sales rise amid investment, Cranswick like-for-like sales jump and all the rest of the latest news from the City.
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Conviviality shares up as results surpass City expectations
Conviviality’s bold transformation from booze retailer to the UK’s largest alcohol wholesaler is paying off for investors
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Vimto owner Nichols continues to outperform UK soft drinks market
Vimto owner Nichols has boosted revenues 12.4% to £63.5m in the first half to 30 June as the soft drinks maker continued to outperform the market in the UK.
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Unilever boosts long-term strategy as sales grow and margins increase faster than expected
Unilever hailed its long-term growth model this morning as first-half revenues increased 5.5% alongside a substantial step-up in profitability. The group added the preparation for the sale of the non-core spreads business was “well underway”
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City snapshot: Premier Foods suffers further slump in sales
Premier Foods revealed a difficult start to the year as first quarter sales fell 3.1%, driven by changes to supermarket promotions and less demand for its products in the June heat
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Hotel Chocolat plans 'shop plus café' growth as sales rise
The luxury chocolate brand reported a 12% year-on-year increase in revenue to £104m
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Eagle Eye remains £1.8m in the red
Grocery tech firm Eagle Eye Solutions has increased group full-year revenues by 71% to £11.1m but still expects losses to remain at the same level as in 2016.
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Finsbury Food Group offsets UK losses with overseas growth
The company today said it was confident of delivering profits in line with market expectations
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Berry Bros & Rudd sales rise to six-year high
Sales were up 17% year on year, boosted by strong en primeur sales
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City snapshot: Profits soar at Conviviality as Bibendum beds in
Profits have more than doubled at Bargain Booze owner Conviviality (CVR) as the integration of Matthew Clark and Bibendum continued ahead of schedule. Plus, growth overseas helps Finsbury Food Group offset UK struggles and Stock Spirits acquires a 25% stake in Quintessential Brands Group’s Irish whiskey division for up to €18.3m (£16m).
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Holland & Barrett profits under pressure from supermarkets
Holland & Barrett’s UK retail sales rose 4.6% in the year before its £1.8bn takeover by a Russian billionaire
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Marks & Spencer puzzles analysts with sales fall
The market was left distinctly unimpressed this week by Marks & Spencer’s first quarter organic sales fall
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Noble delays IPO to focus on rebuilding sales and profitability
Happy Egg Co owner Noble Foods has put its mooted IPO on ice as it focuses on regrowing revenues
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B&M benefits from late Easter and sunshine as shoppers hunt for bargains
B&M Bargains has recorded its strongest first quarter of like-for-like growth in three years as the late Easter and hot weather boosted sales and the return of inflation sent shoppers searching for a bargain.
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SSP Group sees sales grow as air passenger numbers rise
Travel concession operator SSP Group has reported like-for-like sales growth of 3.6% in its third quarter results and a 21.7% jump in total group revenues.
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Waitrose hit by £41.5m property writedown cost
The retailer focused on improving its existing estate rather than aggressive expansion in the past year
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M&S trading update: What the analysts say
M&S shares have fallen 4.7% today despite improving trends in general merchandise and grocery and headline sales growth of 2.7%.
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City snapshot: Marks & Spencer’s first quarter like-for-like sales drop 0.5%
Marks & Spencer has reported a 0.5% fall in first quarter like-for-like sales, as the timing of Easter and improved performance in general merchandise led to an improved overall sales performance. Plus, retail sales rise 1.2% last month amid best food sales since 2012, McBride’s annual sales drop 5.9% and all the rest of the latest news from the City
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Pukka Herbs slips into the red as it invests in growth
Rapidly growing herbal tea brand Pukka Herbs has slipped into the red as it invested in accelerating growth