more results news & analysis – Page 14
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Freshways sales boost drives a ‘dramatic’ return to profitablity
The mid-market processor saw sales rise by 38%, while operating profit hit almost £3m, up froma loss of £4.6m in 2021
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Waitrose boss hints at further price cuts as sales improve
‘Our value for money strategy is a long-term one, put it that way,’ James Bailey said
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Gousto losses spiral on growth reversal but return to profit expected in 2023
Losses have ballooned to almost £160m in 2022 at Gousto as costs spiralled and rapid growth reversed for the first time in the recipe kit supplier’s 11-year history.
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City snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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City snapshot: Profits plunge at palm oil producer MP Evans as prices stabilise
Profits have plummeted by 62% at London-listed palm oil producer MP Evans as record high prices in the wake of the Ukraine war returned to more normal levels.
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Pots & Co targets profitability after slashing its losses
Upmarket desserts player Pots & Co is aiming to move into profitability after slashing its losses, growing sales, and expanding in the US
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City News: WH Smith shares drop despite booming travel sales
WH Smith shares fell sharply this week despite booming travel sales, as a trading update raised concerns over slowing growth and a lack of upgrade in profit guidance
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Crawshaws successor Sterling Meat Co plans two new stores after strong 2022
Sterling hailed its ‘winning’ everyday low prices strategy as a key factor of ’more customers migrating’ towards the retailer
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City snapshot: WH Smith sales soar on travel rebound
WH Smith has posted a 28% jump in total revenues last year amid a strong rebound of travel sales following the relaxing of Covid restrictions
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Juice Burst maker Purity Soft Drinks sees sales surge
Purity Soft Drinks, the maker of Juice Burst, has seen sales jump by 37% and profits double in its most recent financial year
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Itsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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City snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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Arla sees UK branded sales fall during mixed first half of 2023
The dairy co-op saw sales of its key brands fall as shoppers downtraded into the discount channels and own label
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Lily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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M&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week
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Jamie Oliver's food empire sees strong sales rebound
Jamie Oliver’s food empire saw a strong rebound in sales and profits last year as it prepares to re-enter the UK restaurant space
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First Milk sees sales rise by almost 40% in year of ‘profitable growth’
The dairy co-op hailed the ‘resilience’ of the business as it posted operating profits of £5.1m in its 2022/23 financial year
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City snapshot: Food price inflation register sharp slowdown in July
A sharp slowdown in soaring food and drink prices helped drive inflation down to a 17-month low in July, according to new government data. Plus, Glanbia appoints a new CEO after Siobhán Talbot retires and also reports first-half results, and Carlsberg raises profit guidance
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M&S hikes profit guidance following strong sales growth
Marks & Spencer has upgraded earnings expectations after a strong start to its new trading year
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Lotus Natural Foods sales jump 25% amid export growth
The UK snacking arm of Belgian group Lotus Bakeries saw sales jump 25% in the first half of 2023 as its brand continued to grow share in the UK and push into new markets