more results news & analysis – Page 208
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NewsRobin Terrell to lead Tesco UK as investigation into £250m profit hole kicks off
Tesco head of online operations Robin Terrell is to lead the retailer’s UK business as it kicks off an urgent investigation into how its half-year profit guidance ended up being overstated by £250m.
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NewsFinsbury Food set to drive growth through acquisitions
Cakes and baked goods supplier Finsbury Food Group has revealed it is looking to double in size through acquisitions.
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NewsDairy Crest to close two sites amid 'challenging' market conditions but profits on track
Dairy Crest has announced plans to close two of its sites – with the potential loss of 260 jobs – as it warned about growing pressure from falling retail milk prices and “extremely volatile” dairy commodities markets.
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NewsHovis sales back on uphill trend after split from Premier
Hovis – which lost £56m in retail sales last year – has returned to growth…
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NewsMorrisons honours dividend pledge despite plummeting profits
Morrisons’ underlying profits before tax plunged 51% to £181m in the six months to 3 August…
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NewsMorrisons’ profits plunge in first half as price war eats margin
Morrisons’ underlying profits before tax fell 51% to £181m in the six months to 3 August on the back of the retailer’s price-cutting strategy, while like-for-like sales fell 7.4%.
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NewsWaitrose profits fall as store investment soars
Waitrose’s operating profit plunged by 9.4% during the first half despite rising sales.
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NewsGlorious! soup-maker TSC Foods Group in 36% profit boost
TSC Foods Group saw a 36% boost to pre-tax profit in the year before it was bought by The Billington Group…
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NewsOcado sales climb 15% despite fall in basket size
Ocado hailed “steady growth” this morning as it reported a 15.5% rise in gross retail sales in its third quarter.
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NewsMcBride’s full-year sales hurt by brand promotions
An explosion of promotional activity on branded goods has hit the performance of private label specialist McBride in the year to the end of June.
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NewsThorntons profits jump 60% as fmcg focus pays off
Thorntons has announced a 60.4% increase in full-year profits as its pledged to grow its global business to rebalance the company away from UK retail to become an international fmcg firm.
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NewsHilton Food Group hit by currency movement and lower meat prices
Meat packing firm Hilton Food Group saw a fall in first half revenues despite rising volumes as currency movement and lower raw material prices took their toll.
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NewsABF weighed down by weak sugar sales
Associated British Foods expects to see improved full-year profits despite “substantially lower” revenues and earnings from its sugar business.
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NewsRed Bull blames economy and competition for falling turnover
The UK arm of Red Bull has laid the blame for a 2.5% drop in turnover last year on “difficult economic and competitive fac…
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NewsDr Oetker back in profit following increased focus on own label
Dr Oetker bounced back into profit in the UK after posting a pre-tax profit of £165,000 compared with a £2.4m loss in 2012…
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NewsBirds Eye operating profits rise in spite of horsemeat scandal
Birds Eye shook off the impact of Horsegate to post a 15.8% increase in operating profit last year…
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NewsCo-op returns to profit as Pennycook made permanent CEO
The Co-operative Group has posted a half-year profit of £66m and confirmed that interim CEO Richard Pennycook will take on the role permanently.
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NewsBudgens operator Kavanagh Retailing reports 144% profit hike
Kavanagh Retailing UK has posted full-year pre-tax profits up 144%
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NewsHeinz Tomato Ketchup props up ailing Beanz and Soups
Sales of Heinz Beanz and soups fell in the UK last year – with Heinz Tomato Ketchup one of the few bright spots.
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NewsTesco profit warning clatters supermarket shares
The listed UK supermarkets experienced heavy share price falls this morning after Tesco’s shock profit warning.