more results news & analysis – Page 95
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Food to go drives Greencore sales increase after US exit
Greencore has posted a 4.2% rise in annual sales from continuing operations after the sale of its US business as its food to go revenues grew by double-digits.
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McColl's shares plummet after profit warning issued
Convenience retailer McColl’s shares plummeted 23% after it issued a profit warning, blaming problems relating to its Morrisons supply contracts
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Fortnums sees profits rise 26% through multichannel sales
The queen’s grocer had its sixth successive year of double-digit sales growth
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City reaction as Unilever CEO Paul Polman steps down
The recent Rotterdam relocation debacle a ‘sorry way to finish an exceptional career at the company’
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Profits slide at Refresco after rise in raw material costs
Refresco Beverages saw pre-tax profits dive to £7.3m in the year ended 31 December 2017
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Cranswick sees sales growth slow in 'year of consolidation'
The processor saw sales grow by 0.6% for the six months to 30 September, compared to a 23% uplift this time last year
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City snapshot: Lower pig prices hold back Cranswick’s first half growth
Protein supplier Cranswick has posted first half revenue growth of just 0.6% as export sales fell back. Plus, Greggs upgrades full year expectations on strong autumn trading and William Jackson Food Group agrees to buy premium olive oil brand Belazu.
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Cake Box half year profits jump 34% in first post-IPO trading update
Cream cake retailer Cake Box saw adjusted profits surge 34% in its first half year results since launching its IPO on the AIM market in June
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Profits slide 25% at Stateside Foods
The supplier saw pre-tax profit slide 25% to £5.2m for the year ended 28 Feb 2018
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Majestic slips to first half loss amid Naked investment and “sluggish” UK market
Majestic Wine has fallen to a first half loss of £0.2m as investment in growth and the “tough” retail market were a drag on performance.
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SSP Group CEO Kate Swann steps down after “record” year
Travel food-to-go specialist SSP Group has announced its CEO Kate Swann is to step down next year after it posted 22.7% surge in full year underlying operating profit and revenue growth of 9.5%.
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2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18
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Compass Group annual profits rise 7% despite UK margin pressures
Food service giant Compass Group reported a 5.5% jump in full year organic sales to £23.2bn.
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National Lottery ticket sales leap by 5.4% this year
Sales across the National Lottery’s range of scratchcards and online instant win games also rose by £136m
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Third quarter earnings slump 9% at Dole after oversupply
Earnings fell 9% for the third quarter at fresh produce supplier Dole, after an oversupply resulted in lower pricing
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Asda reports sixth quarter of like-for-like sales growth
Asda said it had benefited from a 13.8% growth in online grocery sales in the quarter
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Devro warns on volume growth over Russia slowdown
Sausage skin supplier Devro has warned that weaker than expected sales in Russia will result in lower than expected full year sales volumes as it begins the search for a new chairman.
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Gavin Darby announces Premier Foods departure as it seeks Ambrosia sale
Premier Foods’ CEO Gavin Darby has announced he is to step down in January, while it has also said it is in talks to sell its Ambrosia brand
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Kellogg's UK sales drop £50m as Pringles decline continues
Kellogg’s recorded a £50m plunge in UK sales in its most recent financial year as its Pringles lost sales to add to the structural decline of its cereals.
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City snapshot: Sainsbury’s posts first half underlying profit growth as second quarter sales improve
Sainsbury’s grew underlying profits by 20% in the 28 weeks to 22 September 2018 and recorded improved second quarter sales driven by the warm summer. Plus all the rest of the latest news from the City.