more results news & analysis – Page 207
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McCracken hails recovery in food sales
The Co-operative Group's food retail business is enjoying its first period of like-for-like growth after almost two years of negative same store sales. In an exclusive interview, Guy McCracken, who heads the food business, said: "In the...
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Uniq results expected
European convenience foods group Uniq is expected to report its full-year results tomorrow (Tuesday).Analysts are expecting the group to report full-year profit of £5m, against £22.5m the year before.In March this year Uniq warned...
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Food sales drive group recovery at upbeat M&S
Marks and Spencer served up a strong set of results this week, thanks to the food business that it intends to grow further, says James DurstonThe nationals have been obsessed with the nascent signs of recovery shown by Marks and...
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M&S results expected
Marks and Spencer is this week expected to reveal full-year pre-tax profit of approximately £751m, up from £618m the year before.Analysts have also predicted that the retailer will unveil plans to increase the amount of space in its stores...
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Store managers key to making POP lift sales
Manufacturers who invest in point-of-purchase advertising designed to drive sales in-store are wasting time and money unless they build a relationship with store managers. New research indicates retail buyers are completely uninterested...
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In Brief: Wilkinson's blitz; Organic growth; Shipment Service; Trading results; Gum campaign
General merchandise retailer Wilkinson has launched a ‘Price Blitz’ as part of its ongoing trial of the sale of grocery products in its stores. As part of the promotion, which will run throughout the six-month grocery trial,…
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... as Sir Terry reports £2.2bn profit
Tesco reported record profit this week of £2.2bn, but its growth in recent months slowed to its lowest in four years. Tesco chief Sir Terry Leahy admitted that it was now growing slower than some of its competitors, following...
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In Brief: Northern rumours; Sale closer; Bleak house 2; Living for Scots; Tobacco profit up
Northern Foods could be planning to sell its biscuits business Fox's Biscuits. Reports suggest the company could be planning to sell its bakeries and flour mills division, which includes Fox's Biscuits. The division recorded sales of...
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C-store shoppers push Centra sales over E1bn
A change in the Irish lifestyle helped sales at Musgrave’s Centra franchise chain break the E1bn barrier for the first time last year.Reporting sales of E1.035bn, a 14% increase, Centra managing director Donal Horgan told a group national...
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Irish MPs calling for profits probe
An Irish parliamentary committee has called for an official study to establish the profits made by multiples in the Republic’s l7bn-plus grocery market, and which are not disclosed by the major chains, Tesco, Dunnes and Superquinn. As part of...
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Irish retailers’ profits soaring
Profits in the Republic of Ireland’s wholesale and retail grocery sector may be higher than 11.3bn a year, according to the Department of Finance.It is the first official estimate, as the major supermarkets – Tesco, Dunnes, Superquinn, Aldi and...
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Tates’ fresh look boosts sales
An initiative to boost fresh produce takings in Spar stores has resulted in a sales uplift of almost a third in 12 months.Central Meridian Spar wholesaler AF Blakemore undertook a “root and branch overhaul” of its fresh produce offer last...
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M&S shares moving fast
Shares in troubled retailer Marks and Spencer are rocketing amid rumours that Icelandic retail specialist Baugur could be building a 3% stake in the company.Reports in the City suggest that an Icelandic group has been building a stake in the...
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Sales dip at Somerfield
Somerfield revealed today that its group like-for-like sales slipped by 0.4% in the 53 weeks to end April 30 after a difficult second-half.Group sales were up 0.6% in the first half on a like-for-like basis, but fell by 1.5% in the second...
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Irish call on chains to disclose profits
Tesco may be among a number of retailers forced to disclose how much profit they make in the Irish Republic, under new proposals aimed at finding out if consumers get a fair deal.In a report to government, a parliamentary committee...
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Geest profits reach £34.4m while takeover looks likely
Convenience food manufacturer Geest has announced pre-tax profits of £34.4m for the year, which coincides with its recommendation that its shareholders accept a takeover bid from Icelandic food group Bakkavor, which values the convenience food…
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Disappointing festive sales for independents
Tesco may have posted record sales but the Christmas period wasn’t half as cheery for the independent retailers quizzed in our latest survey. Ninety per cent said Christmas was poorer or the same as previous years, with only a handful feeling...
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Supervalu reports rise in profits
US grocery retailer Supervalu has reported a 33% increase in its net profits to $64.9m for its third quarter to 4 December 2004, compared to $48.6m the year before. Sales for the quarter totalled $2.4bn, flat with the previous...
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Reckitt Benckiser records successful results
Reckitt Benckiser, household products manufacturer, reported stronger than expected results with a 15% increase in operating profit for its third quarter to £197m and an increase in net income of 23% to £151m.The company stated that the...
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Coles Myer expects strong full-year results
Coles Myer, the Australian supermarket retailer, is expected to report strong annual profits this week, aided by high consumer spend, cost cutting and a discount fuel offer, according to media reports.The company has also recently revamped...