more results news & analysis – Page 208
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News
Coca-Cola profits hit by poor US sales
Coca-Cola warned yesterday that its sale for the second half of the year would disappoint investors.It blamed miserable weather and weaker sales in the American market for its poor performance.Shares fell 5% to a 16-month low on the New York...
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Coles Myer has strong fourth quarter
Australian supermarket and department store operator Coles Myer has released strong fourth quarter sales results.Turnover for the 13 weeks to 25 July increased 28.1% to A$8.6bn (£3.35bn), pushing annual sales up 19.4% to $32.3bn...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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The profitable paper chase
Is Morrisons about to jettison one of grocery’s most effective marketing tools? Robert McLuhan reportsFour years ago Safeway raised eyebrows when it dropped its loyalty card and national advertising in favour of door-to-door...
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John Henderson hires Doody as sales director
John Henderson, the Northern Ireland Spar wholesaler, has appointed a new sales director charged with growing its franchise business.Based at John Henderson’s head office at Mallusk, Co Antrim, Patrick Doody will develop and implement a...
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Sharing new ways of giving profits a boost
As the top multiples continue to invest in convenience formats, independents and smaller c-store chains need all the ideas they can get to fight their corner.As a result, CRS is dedicating areas which provide a wealth of inspiration for...
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Mike Coupe moves on with sales in growth
The Big Food Group has announced that Mike Coupe, managing director of Iceland, is stepping down in September after two years in the role.In its third quarter trading statement, BFG said Coupe would continue as MD until early...
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Safeway/BP link drives profits
Safeway has posted a 44% leap in interim profit from its convenience store joint venture with fuel giant BP.For the six months to October 11, Safeway said its share of the £6.9m partnership profit with BP would be £3.5m. Total sales...
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P&H profit exceeds MBO target
P&H McLane has reported profit well ahead of target in its first full year of trading following the £172m management buyout in February last year.Chairman Christopher Adams said the £13.5m profit before tax exceeded the MBO target by £4.1m...
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Aussies drill for oil shares…
Australia’s olive oil producers are launching an assault on the UK with two brands going into major multiples this month.Cobram Estate has secured a listing for its Murray Valley Blend in 550 Tesco stores.And fellow Aussie brand...
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Insurance costs fall by a quarter
Insurance premiums in the food industry have begun to fall following a peak in 2002, according to new research from insurance broker Aon.It found that food and drink companies were seeing reductions on 2002 of between 25% and 30%, in...
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Fat lady’s praise swells sales of Willow Water
Lakeland Willow Water has reported a sales surge of up to 700% in Waitrose after celebrity cook Clarissa Dickson Wright decided to champion the brand’s cause.The star, who found fame with her role in the Two Fat Ladies TV series, spotted the...
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Somerfield refits grow sales
Somerfield has revealed an upturn in sales growth in the second half of the year, to back its argument that the group is worth more than the £509m offered by John Lovering and Bob Mackenzie last month.The Bristol-based supermarket operator...
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A quarter of the major fmcg brands' websites contain no info
However, on the whole, the market has begun to embrace the internet as a valuable tool for communication, with 11% more brands having a product specific web presence than last year and 7% more brands having a web presence generally. Our...
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Why these results are crucial
All eyes will be on Morrisons next week as it unveils its first set of financial results since its bid for Safeway. Morrisons' annual results are out on Monday (March 17) and the company will be hoping to salvage its share price, which has...
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Nearly a quarter of shoppers intending to buy jams or preser
The main reasons for this are that they can not find the product they want or it is too expensive. Many shoppers are not prepared to settle for an alternative if their favoured brand or product is not available. Jams and preserves is a bit of a...
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S&N's Hartwall profits up
Scottish & Newcastle's Finnish unit Hartwall posted an 11.9% rise in annual pre-tax profit with strong performances from its two principal operating businesses – Hartwall Finland and Baltic Beverages Holdings. For the year ended December 31...
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Wiseman laps up profits
Robert Wiseman Dairies has posted a 38% jump in pre-tax profit which it said was driven by its investment programme and increased contracts with the major supermarkets.To March 29 pre-tax profit rose to £22.8m from £16.5m last year on a 5.4%...