more results news & analysis – Page 145
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Sugro set to top £1bn in sales as turnover rises 10%
MD Philip Jenkins said growth was due to member recruitment and creative marketing
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Rowe's comments send shockwaves through the City
Steve Rowe’s ascension to the Marks & Spencer hotseat was widely welcomed, but his first set of annual results at the helm of the high street stalwart sent shockwaves through the City.
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Ferrero UK losses escalate to £16m as it targets choc top spot
Chocolatier Ferrero has suffered an escalation in UK losses after investing heavily in its quest to grow sales
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Innocent growth plan pushes it into the red
Profits have plummeted at smoothie maker Innocent Drinks for the second year in a row
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UK store openings drive B&M's revenues above £2bn
B&M Bargains owner B&M European Retail saw revenues top £2bn in the year to 26 March 2016, driven by new store openings.
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M&S marks four millionth customer for Sparks loyalty scheme
Retailer planning more personalised offers to customers through the card while reducing price promotions
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City snapshot: Earnings up 5% at Tate & Lyle after year of restructuring
Group sales of £2.4bn were 1% higher than the prior year
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Media Bites 26 May: M&S, BHS, Tesco
Unsurprisingly M&S dominates the retail headlines this morning after its shares fell by more than 10% yesterday.
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City Snapshot: M&S profits drop 19.5% as it steps up convenience roll-out
M&S saw profit before tax drop 19.5% to £483.3m on revenues up 0.8% to £10.4bn
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City snapshot: Poultry acquisitions boost earnings at Cranswick
Revenue for the year to 31 March rose by 6.6% to £1.07bn with comparable volumes up 12% in the year
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Slowing Chinese economy hits Aquatic Foods Group
Chinese seafood company Aquatic Foods Group has reported a 7% drop in first quarter revenues reflecting the pressures of the stalling Chinese economy.
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Kettle Chips profits fall amid 'intense' competition
Kettle Chips has seen profits fall more than 31% in the UK as intense competition and heavy promotions in the snacking sector ate away at margins.
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City News: Asda figures offer little cause for optimism
Asda may have already hit its “nadir”, but its first-quarter figures provided little cause for comfort
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Dairy Crest enjoys profit boost after liquid milk sale
Processor reports increase in pre-tax profits after offloading dairies division to Müller
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Fever-Tree shares fizz to record high
Shares at Fever-Tree have rocketed by more than 18% to record levels after the premium mixer brand said trading had outperformed expectations in the first four months of 2016.
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Asda Q1 sales slide 5.7%
Asda has posted a 5.7% decline in like-for-like sales in its first quarter as the supermarket continued to struggle against “fierce competition”.
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City snapshot: Booker profits up despite like-for-like sales slip
Operating profit (before exceptional items) was up 11% to £155.1m
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“Super premium” growth drives up revenues at Miller Brands
SABMiller’s UK and Ireland subsidiary Miller Brands UK saw net producer revenues rise by 5% last year as UK appetite for “super premium” brands Peroni Nastro Azzurro and Pilsner Urquell grew.
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SSP Group profits take off but rail affected by Paris terror attacks
Travel concession group SSP (SSPG) has reported a more than 40% hike in first-half profits as air passenger numbers swelled but trading in railway stations in the UK and Europe slowed in the wake of the terrorist attacks in Paris and Brussels.
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Greencore focus on food-to-go reaps dividends
Double-digit growth in food-to-go helped Greencore push up revenues 8.1% to £691.6m during the first half and raise its dividend.