more results news & analysis – Page 209
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Somerfield gains sales but loses Maguire
Somerfield’s second quarter like-for-like sales have rallied but also announced another high profile executive casualty with the departure of Kwik Save md, Graham Maguire, from the group.Group like-for-like sales for the 28 weeks to November...
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Interims can get great results
The interim executive phenomenon is booming, and the rewards are great if you can cope with the downsides says Steve Crabb, editor of People Management.Imagine a world where you could work for, say, six months, save up some cash and go...
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Sara Lee profits shape up
US consumer products group Sara Lee has raised its first quarter earnings forecast by 21% as the benefits of its two year reshaping programme kick in.With products ranging from its bakery goods to Jimmy Dean hot dogs, Hanes underwear and...
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Budgens failed to release its annual results this week as pl
Safeway has dismissed reports it is considering returning to TV advertising in the near future. The supermarket said it was reviewing media planning and buying and was meeting with four agencies, but had not yet taken on anyone new. Greencore has...
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Conversions hit Safeway results
Elaine Watson "Severe disruption" at Safeway stores being converted to the new hypermarket format will drag into early summer as bosses continue to tinker with the concept, the company has admitted. Safeway blamed a lacklustre set of fourth...
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Owner-occupier could lift profits
Its corporate owner has put the Spar store in the centre of the village of Tanterton, near Preston in Lancashire, on the market because it no longer fits the company's profits criteria. That said, the business represents a considerable opportunity...
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Record profits boosted
by former Somerfields Waitrose is set to announce record interim profits when the John Lewis Partnership announces its results for the first half of the year this week. Waitrose md David Felwick told The Grocer sales for the first half were up 13%...
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McBride profits slump as takeover talks continue
Full year pre-tax profit at troubled household products manufacturer McBride slumped by more than a third as profit margins were hammered by the weak euro, soaring raw material prices and transport costs. Discussions regarding a possible takeover...
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Somerfield: Results vindicate Kwik Save retention'
Somerfield's decision to retain its Kwik Save stores and operate two separate fascias has been vindicated by the results announced this week, according to chief executive Alan Smith. He said: "Some suppliers had doubts about Kwik Save, but had it...
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B2B e-commerce: Exchange members hungry to see results says
The honeymoon period is over for B2B e-commerce, delegates were told at a trading exchange conference hosted by IGD. GlobalNetXchange chief executive Joe Laughlin said members of exchanges want to see results now, not in the dim and distant...
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n With the latest results out, is there hard proof Sir Peter
Sainsbury's fortunes have seemed rather like a runaway trolley over the last few years, complete with wobbly wheels. After years of growing market share, it began haemorrhaging customers and profits while arch rivals Tesco and Asda continued their...
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Drinks: Allied outmanoeuvres Diageo as profits soar
Allied Domecq produced a double whammy this week by announcing better than expected full year results and revealing a strategic alliance with Captain Morgan firm Destileria Serralles. The deal has thrown the bidding for Seagram's drinks portfolio...
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Scotland: Botterills aims for £51m sales with new stores
The 31-strong Scottish Spar chain Botterills Convenience Stores aims to open four or five new stores in the next year, which should take annual sales to approximately £51m. Speaking at the company's awards dinner at the Crutherland Hotel, East...
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Profits probe: Byers: minister signals a sympathetic verdict
Clive Beddall, Belinda Gannaway Hopes that Trade and Industry Secretary Stephen Byers will not deliver a damning verdict on the multiples after the Competition Commission's profitability probe have soared after one of his ministerial team said...
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Wholesaling: Prepare for a profits wipe out'
The wholesaling industry is on the verge of a massive shakeup that many firms may fail to live through, one of the sector's top players has warned. The reason? The government's decision to end forestalling where cigarettes and tobacco are...
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Carrefour expansion will knock profits
French giant Carrefour has shocked investors by warning profits will be at the lower end of expectations for the coming year. Chairman Daniel Bernard said he expected an earnings growth of 20% this year at the company's annual shareholders meeting...