more results news & analysis – Page 206
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Associated British Foods results expected
Associated British Foods is expected to post a pre-tax profit of around £282m, up from £268m, when it unveils its half-year results tomorrow (Tuesday).Analysts are expecting strong performances from its grocery business, British Sugar unit...
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Supermarket shares fall
Shares in Tesco, Sainsbury's and Morrisons fell yesterday after analysts warned the chains could struggle to hit sales expectations.“Consensus forecasts appear to assume that Tesco, Sainsbury and Morrison will all continue to grow UK sales...
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'Ban on cheap alcohol will boost shop profits'
A ban on below-cost alcohol sales would not curb binge drinking, the Irish Competition Authority has warned - it would only end up lining the pockets of the supermarkets.In a submission to the special advisory group preparing...
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Dobbies issues profits warning
Dobbies garden centre has issued a profit warning just five days after Tesco gained control of the 21-strong chain.The Scottish gardening group, in which Tesco now has a 53% stake, said rain had hit sales of garden furniture, plants and...
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Profits drop for McMullen's
Hertfordshire-based brewer and pub group McMullen's has reported a drop in profits after a "challenging year" that saw rises in energy costs, the minimum wage and property rates. The company saw profit before tax drop to £7.4m in...
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Punting for profit
On the morning of 22 November 2003, 63 million pints were sunk as Jonny Wilkinson dropped that now immortal goal to win England the Rugby World Cup. Four years later and pubs have every chance of beating that figure - starting on 7 September and… -
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Makro steps up store refurbs after promising early results
Makro is ramping up the pace of the makeover of its 33-store network and is to launch a marketing campaign to increase public awareness of the company. The wholesaler began revamping its stores two years ago with improved fixtures, new signage,...
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Tates fights back after energy costs hit profits
The Grocer Gold-winning independent grocery chain Tates says it is putting plans in place to double its profit margins in the next few years after seeing its bottom line badly hit by a surge in energy costs.MD Geoff Hallam told delegates...
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AB Foods shares rise
Shares in Associated British Foods rose 6.5p to finish on 932p yesterday after the group revealed it had acquired Indian food company Patak's in a deal thought to be worth more than £100m.The deal includes the Patak's brand and assets in all...
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Proactive suppliers can boost retailers' profits
Kishor Patel Independent retailer, Houghton TradingSays: Retailers want to stock the bestselling brands in their stores so it is important that suppliers and retailers work together. By working with suppliers, retailers can make...
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In Brief: Technical direction; Daly new JML MD; AgroFair sales trio; Chairing the West; Specialising in NPD
Technical direction The British Retail Consortium has appointed former Sainsbury's technical director Dr Geoff Spriegel as its new director of standards and technical services. His role is to enhance the BRC's existing range of Global Standards as...
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Polish foods boost sales
Britain's appetite for Polish food is driving supermarket sales.Tesco said its sales of Polish foods had increased tenfold since they were introduced five months ago thanks to the influx of migrants following EU...
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Rejected 31% profit margin 'proves the waterbed effect'
A confectionery supplier has hit out at the supermarket chains after Morrisons rejected one of its products because the 31% profit margin it offered the retailer was considered too low.Roy Willett, MD of manufacturing wholesale...
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A mixed and not-so-greenset of results
The multiples still have work to do to become environmentally friendly if this quarter's The Grocer 33 online survey is anything to go by.Despite their much-trumpeted environmentally friendly plans, the multiples used 53 plastic bags...
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Festive sales brighten independents' mood
It wasn't just the multiples that enjoyed the Christmas spirit - the festive period was just as much a winner for independents. Nisa-Today's put to rest the ghost of Christmas 2005 - when it suffered serious distribution problems at its...
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M&S results expected
Marks and Spencer is expected to report its half-year results tomorrow (Tuesday).Analysts have predicted that the retailer will record like-for-like sales of 3-5%, slightly down from 5.8% in the first quarter, but a pre-tax profit of...
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Own label, Fairtrade, organic in lead as premium sales soar
Own label products constitute two-thirds of premium grocery offerings sold and are enjoying growth ahead of the market as a whole. A study of Tesco Clubcard data by Channel 4, Dunnhumby and media surveying company TGI, indicated that an...
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Net sales set todouble
A grocery retailer with sales exceeding those of Waitrose or Somerfield. That will be the size of the internet grocery market in the next five years as its value more than doubles, a new report seen exclusively by The Grocer reveals. The...
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JS aims to drive up online sales to £500m by 2008
Sainsbury's aims to more than double its online sales to £500m by 2008, as part of plans for its website to make a bigger contribution to its 'Making Sainsbury's Great Again' turnaround strategy.The increased sales from its current...
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3663 sales growth despite MoD loss
Wholesaler 3663 First for Foodservice expects to report full-year turnover in excess of £1.4bn next month, compared with sales of £1.29bn last year. In an exclusive interview with the The Grocer, 3663 chief executive Fred Barnes said he...