more results news & analysis – Page 48
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News
Poundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
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Border Biscuits takes pandemic hit from out-of-home sales slump
Premium snacks supplier Border Biscuits saw a double-digit drop in sales last year as the coronavirus pandemic hit out-of-home sales, but expects to return to growth this year as the out-of-home market reopens.
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City News: WH Smith recovery set back by profit warning
A mixed update said trading in the eight weeks to 28 August had been better than expected
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Asda confirms plans for hundreds of convenience stores on EG forecourts
Twenty-eight ‘Asda on the Move’ stores are to open on EG Group forecourts this year, with a target of 200 by the end of next year and more in 2023
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South Caernarfon Creameries racks up record profit
The Welsh business shrugged off pandemic-based challenges to post operating profits of £3.4m in its latest accounts
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City snapshot: CCEP sales rebound as easing of Covid restrictions boosts consumption
Coca-Cola Europacific Partners has reported ‘strong’ first half performance as volumes recovered in the second quarter as coronavirus restrictions eased across key territories.
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City Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
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Burts sustains growth surge despite foodservice sales fall
Premium crisps brand Burts Snacks maintained its surging growth last year despite a collapse in foodservice sales
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City Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.
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Arla expecting stormy end to year, despite strong H1 results
The dairy co-op said its recent milk supply chain issues were expected to continue over the coming weeks, potentially impacting H2 results
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City Snapshot: Delivery Hero revenues surge but losses edge upwards
German food delivery firm Delivery Hero posted surging sales in the first half of 2021, although its EBITDA losses remained at over €330m as it continued to invest in growth
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City Snapshot: UK supermarket sales rise as grocery shopping shifts back instore
Total till sales in the grocery sector bounced back to growth of 1.1% in the most recent four weeks as physical stores benefited from a 10% slump in online grocery sales.
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City Snapshot: Sainsbury’s shares rocket on takeover speculation
Shares in Sainsbury’s have ballooned more than 9% to a three-year high after speculation emerged in the weekend papers that the supermarket group was the next target of US private equity group.
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City News: McBride issues major profit warning as costs mount
The private-label cleaning goods producer downgraded its full-year profit expectations by up to 65% on Thursday
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Eight Fifty Food Group sales and profits rose ahead of Sofina deal
Sales and profits soared at Eight Fifty Food Group in the run-up to the takeover by Canada’s Sofina Foods as the Karro and Young’s owner benefited from Covid-fuelled demand, a growing premium offering, access to China and efficiencies.
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Waitrose ‘only major retailer in growth’ as grocery sales slip
Sales at the retailer were up 0.6% in the 12 weeks to 8 August
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City snapshot: McBride issues profits warning on rising costs
Household goods manufacturer McBride has slashed its earnings expectations by up to 65% as mounting input and transportation costs hit its bottom line.
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Welsh wholesaler Castell Howell ups driver wages by 24% to fight shortage
It has also increased pay to workers in its six depots by 8% this year
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Confex reports sales jump of 30% since the start of the year
The group has recruited eight new members this year, taking its membership to 219 wholesalers
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City Snapshot: Carlsberg upgrades profits forecasts as sales recover post-lockdown
Carslberg is the latest brewing giant to report a strong recovery throughout 2021 as pubs and bars reopened following long periods of lockdown.