more results news & analysis – Page 202
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NewsP&H appoints sales and commercial director
Wholesale giant Palmer & Harvey has appointed Martyn Ward as its new sales and commercial director. Ward starts on Monday and replaces commercial director Peter Austen, who last month announced his intention to leave the wholesaler.
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Bibby acquisitions fuel record results in 2010
Costcutter's owner Bibby Line Group has posted record annual results on the back of three acquisitions in its distribution arm.Operating profits rose 46% to £40.8m on sales up 6% to £1.16bn in the year to 31 December, while Bibby...
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NewsProfits slip as Heron opts to reduce debts
Pre-tax profits at frozen food discounter Heron Foods fell to £7.05m last year, down from £7.77m, accounts at Companies House have revealed. Accounts for the year to 25 December 2010 revealed the chain, which has 180 stores, closed a...
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NewsA million more shoppers a week drive surge in Sainsbury’s profits
Sainsbury’s has unveiled surging profits for the past year after seeing a million extra customers a week pass through its tills. Pre-tax profits at the supermarket giant grew by 12.8% to £827m in the year to 19 March.
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NewsMenzies ups profits despite latest newspaper decline
Menzies Distribution has reported increases in full-year sales and profits despite being hit by last winter’s poor weather conditions. Operating profits in 2010 rose 3.2% to £28.8m, on sales up 4% to £1.3bn, buoyed by contract wins following the demise of Dawson News.
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NewsProfits dip as MRH predicts a tough 2011
Forecourt operator MRH (GB) has warned trading will remain "difficult" throughout 2011 after reporting a 28% dip in profits to £18.2m for the year to 26 September 2010. Sales for the period rose 14.2% to £1.4bn, according to accounts at...
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NewsSales VP Deste to leave after two decades at CCE
Coca-Cola Enterprises vice president of sales and customer development Ian Deste is leaving his role following 20 years with the soft drinks giant, The Grocer can reveal. Deste has been a key member of CCE's top team during a successful...
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NewsBAT strikes lucky as profits grow again
Profits grew by 5% at British American Tobacco in the past year to £4.32bn. Sales were up by 3% on an organic basis and by 5% overall to a new high of £14.88bn.
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CJ Lang profit stable despite sales slipping
Scottish Spar wholesaler CJ Lang has maintained its profits despite a fall in turnover. Accounts filed at Companies House revealed pre-tax profits of £4.9m in the year to 30 April, up from £4.7m the previous year. However, turnover fell...
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NewsHeston’s puddings help Northern to third-quarter growth
Northern Foods has reported strong third-quarter performances for its chilled and bakery arms, helped by the success of Heston Blumenthal’s Christmas pudding at Waitrose.
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NewsSales are great, but will Fresh & Easy really break even by 2013?
Sales at Tesco’s US chain are growing. So why do experts maintain it doesn’t have a future unless it undergoes dramatic change, asks Liz Hamson
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Gross profits up but Tout slides into red
Budgens retailer and forecourt operator Tout has fallen into the red.The south west of England-based retailer reported a loss of £155,770 in the year to 31 March against profits of £58,801 the year before, accounts posted at Companies...
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NewsUnpaid bills hit profits at JW Filshill
A rise in turnover at Scottish delivered wholesaler JW Filshill has been marred by a drop in profits caused partly by bad debts. Glasgow-based Filshill said it had been pleased with a 5.5% increase in turnover to £171.8m in the year to 31...
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NewsFresh & Easy ‘will be profitable in 2012/13’
Fresh & Easy, Tesco's US-based convenience chain, will no longer require a recovery in the US economy in order to make money, and will be profitable from 2012/13, CEO Sir Terry Leahy predicted this week.
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James Graven reports profit and sales up
Budgens and Spar retailer James Graven & Sons has posted an increase in full-year sales and profits.The Cambridgeshire-based retailer said sales rose 7.6% to £24.8m across its businesses in the year to 31 March, with pre-tax profits...
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NewsTJ Morris reports big profits but warns of discounter VAT woe
TJ Morris has posted bumper sales and profits but has warned the booming discount market will be squeezed when January’s VAT hike kicks in.
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Hilton Food Group reports profits uplift
Hilton Food Group has reported a 12% rise in pre-tax profits as a result of higher sales volumes and a reduction in finance charges. The group, which supplies meat lines to Tesco, this week said pre-tax profits rose to £11.5m in the 28...
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P&H ‘stronger’ despite a slight drop in profits
Palmer & Harvey has declared itself a "stronger and leaner business" despite posting a small drop in full-year profits.Pre-exceptional EBITDA fell 5.2% to £40.2m in the year to 3 April, the UK's biggest wholesaler said, while...
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Staycations help sales at J&J Wilson
A combination of Brits holidaying in the UK and new store openings have boosted full-year sales at J&J Wilson.The retailer, which runs 55 Costcutter stores in holiday parks across the UK and is ranked number 45 in The Grocer's Top 50...
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Profits bounce back at Delamere Dairy
Pre-tax profits at Delamere Dairy have climbed 51% as the company got back on track following its 2008 management buyout. Pre-tax profits increased by £180,512 to £534,399 in the year ended 31 December 2009, according to the latest...