more results news & analysis – Page 16
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City snapshot: Cranswick lifts outlook as inflation slows
Meat processor Cranswick has raised its annual financial expectations after a “strong” start to the year and signs inflation is starting to slow. Plus, Ocado settles long-running legal dispute with Norway’s AutoStore.
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City News: Ocado shares soar 19% as investors sense ‘jam today’
Ocado shares soared 19% on Tuesday as the grocery tech group outperformed City expectations in the first half, but analysts remain spilt over future prospects.
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City snapshot: Premier Foods vows to hold prices as inflation passes peak
Premier Foods has pledged no further price rises in 2023 as the Bisto, Batchelors and Mr Kipling owner revealed a strong start to the year and declared that the period of soaring costs had peaked.
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Substantial slowdown in grocery industry profit warnings
Fmcg profit warnings have slowed significantly in the first half of 2023 as retailers and manufacturers experienced a positive start to the year
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City snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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City snapshot: Ocado losses grow as M&S retail partnership swings into red
Losses at Ocado have widened in the first half despite revenues growing as the grocery tech group was hit by a range of exceptional costs and battled to get the online M&S partnership on track
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Savers sales surge 19% as shoppers return to stores post-pandemic
The lifting of Covid restrictions was followed by improved footfall across stores, according to the retailer’s results for the year to 31 December 2022
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City snapshot: Virgin Wines UK hits forecasts as it makes strategic progress
Virgin Wines UK is trading in line with expectations, as the under-pressure DTC retailer is set to report falling revenues and profits
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City snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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Haribo steadfast in face of HFSS rules as revenues hit new high
Revenues at Haribo have soared to record levels despite the sweets maker battling government restrictions and rising costs.
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Typhoo turnaround ‘in progress’ despite more heavy losses
Pre-tax losses at the group totalled £8.5m in the year ended 30 September 2022
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Superdrug sales and profits surge as it pushes omnichannel and value strategy
Superdrug enlisted food blogger and anti-poverty campaigner Jack Monroe to promote its value credentials in May last year, as it froze prices of 130 ‘everyday essential’ own label lines
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City snapshot: Wincanton volumes hit in challenging market
Revenues have declined at logistics provider Wincanton as its grocery, consumer and general merchandise divisions recorded lower volumes amid the ongoing economic headwinds.
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Jude’s forecasts more rapid growth as sales jump 38%
The sustainable ice cream brand significantly expanded distribution and boosted its offering with wide-ranging NPD, including a move into plant-based products
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City News: Tepid market reaction despite Sainsbury’s strong Q1 results
Sainsbury’s posted stronger than expected Q1 sales this week as grocery sales returned to volume growth, but the share price reaction was tepid due to fears of a slowdown
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Fuel10K sales soar as range expands
High-protein breakfast brand Fuel10K has posted huge growth to hit annual sales of £18.5m.
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Naked Wines shares crash as it warns of revenues shortfall
Naked Wines shares crashed this week after a delay to its annual results, a warning on sales and the replacement of its chairman with founder Rowan Gormley
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City snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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Kitwave begins construction of 80,000 sq ft warehouse in south west
Construction of the new distribution centre, which is located two miles outside Newton Abbot, is expected to be completed by quarter three of 2024
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City snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years