more results news & analysis – Page 71
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NewsAG Barr profits fall as it warns of coronavirus impact on 2020
Irn-Bru maker AG Barr has posted a 17.3% slump in annual pre-exceptional profits and warned of a “material” impact on trading from the coronavirus outbreak.
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NewsCity snapshot: Tesco boss Dave Lewis warns of coronavirus costs as he defends dividend payout
Tesco boss Dave Lewis today defended plans to award a £900m dividend to shareholders, as he warned the cost of the coronavirus crisis could be as much as £1.2bn for the retailer if it drags on beyond October.
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NewsPoundstretcher future in doubt as accounts reveal slump in profits
Owner Aziz Tayub said the future of the variety discounter hinged on cost reductions
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NewsCity snapshot: Hilton Food Group annual revenues surge as it reassures on coronavirus preparedness
Hilton Food Group has posted a double digit rise in annual revenues on strong volume growth, while reassuring the market it is well positioned to cope with the challenges caused by the coronavirus outbreak. Plus, WH Smith raises £166m from shareholders as it warns of hit from store closures and all the rest of the latest news from the City.
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NewsGreencore and Bakkavor’s food to go businesses savaged by coronavirus outbreak
While the supermarkets have experienced unprecedented levels of demand and sales growth in the midst of the coronavirus outbreak, the demand mechanics for two key listed grocery suppliers have been rather more mixed.
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NewsCity snapshot: Chapel Down sees booming retail and online wine sales but suspends brewing business
English winemaker Chapel Down has experienced “substantial” growth in supermarket, off license and online sales, but has shuttered its beer and cider brewing arm due to the closure of on-trade outlets. Plus, UK shop prices fall 0.8% in March and all the rest of the latest news from the City.
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NewsImperial Brands shares surge on coronavirus resilience
Shares in FTSE 100 tobacco giant Imperial Brands closed up more than 12% on its reassurance to the market that the current coronavirus outbreak has had “no material impact” on trading.
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NewsCity snapshot: Grocery sales surge to decade-long high amid coronavirus lockdown
Grocery sales have surged to the highest level in more than a decade amid the UK coronavirus lockdown, with industry growth at more than 20% in the past four weeks. Plus, Nichols warns of coronavirus impact, WH Smith and Sainsbury’s team up for NHS stores, Imperial Brands and BAT raise cash and all the rest of the latest news from the City.
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NewsTilda returns to growth ahead of Ebro Foods sale
The rice brand reported sales of £115.9m in the year ended June 2019, a 6% increase on the prior year
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NewsWelcome Break deal sends Applegreen sales soaring but coronavirus threatens 2020 growth
The addition of Welcome Break’s network of motorway services has boosted the annual sales of forecourt operator Applegreen to over €3bn, with profits more than doubling.
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NewsCity snapshot: Domino’s reports sales surge during coronavirus crisis
Domino’s Pizza Group has reported a jump in UK sales in recent weeks as consumers order more takeaway deliveries during the coronavirus-driven social lockdown. Plus, annual results from Applegreen, coronavirus trading updates from Coca-Cola HBC, Finsbury Food Group, Total Produce and all the rest of the latest news from the City.
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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NewsCity snapshot: SSP braces for £135m coronavirus revenue hit
As travel halts across Europe and Asia, SSP Group expects group revenues to fall between £125m and £135m
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NewsCoronavirus: DTC meal kit businesses report record demand
DTC recipe kit providers have been forced to turn down new customers as they grapple with ‘unprecedented’ levels of demand
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NewsCity snapshot: McColl’s reassures the market on financial strength
McColl’s has issued a business update regarding the deepening COVID-19 crisis, reassuring the City that it has the “financial and operational flexibility” to deal with prolonged disruption. Plus, Waitrose introduces new coronavirus measures, trading updates from Applegreen, Cake Box, Wynnstay, a new CFO for Greencore and all the rest of the latest news from the City.
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NewsCoronavirus: Greggs to close its stores tomorrow as weekly sales plunge 9.9%
Food to go chain Greggs has announced it will close its entire shop estate by the close of business on Tuesday 24 March in response to the coronavirus crisis
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NewsAs Nature Intended falls to loss ahead of Planet Organic sale
As Nature Intended slipped into the red last year ahead of its acquisition by Planet Organic, announced last week
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NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.
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NewsVegan boom propels Huel to top of the Alantra Food & Beverage Fast 50
The explosive growth of direct to consumer ‘complete meal’ brand Huel has propelled the brand to the top of Alantra’s Fast 50 list of rapidly expanding food and drink players.
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NewsCity snapshot: M&S warned of ‘severe impact’ of coronavirus and readies store closure contingencies
Marks & Spencer has warned of the “severe impact” of the coronavirus outbreak on its clothing and home business and has detailed a cost-control programme to mitigate the damage. Plus, supermarket competition law temporarily relaxed, Hotel Chocolat raises cash amid outbreak sales downturn and all the rest of the latest news from the City.