Results – Page 107
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Analysis & FeaturesBernstein: “In current shape, the UK does not need Morrisons”
Morrisons’ investors may be breathing a sigh of relief after the supermarket’s near 10% share price recovery so far this year, but Bernstein analyst Bruno Monteyne poured the coldest of waters on the retailer’s recovery today.
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NewsFirst Milk returns to annual profit after 15% sales boost
First Milk has reported a 15% hike in revenue and a return to profit in its financial results for the year ending 31 March 2014.
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NewsBusiness booming for Tyrrells following Investcorp takeover
Premium snacks supplier Tyrrells has enjoyed booming sales in its first year…
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NewsFood retailers issue record number of profit warnings in 2014
Listed UK food and drug retailers issued a record number of profit warnings in 2014 as the grocery sector came under attack from discounters.
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Analysis & FeaturesPremier Foods flying high as investors cling to shreds of good news
At first glance it may seem somewhat surprising to witness shares in Premier Foods flying today as its power brands once again failed to perform. What’s behind it?
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NewsB&M Bargains' shares rise on Christmas sales uplift
B&M Bargains’ shares were up by over 5% this morning after it reported a like-for-like sales uplift of 4.5% in the 13 weeks to 27 December.
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NewsPremier Foods shares soar as Mr Kipling puts in ‘stand-out’ performance
A stand-out performance from Mr Kipling has helped Premier Foods put the brakes on power brand slowdown.
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NewsHoliday periods in the UK and US just the tonic for Fever-Tree growth
Strong sales in the final two months of 2014 have pushed Fever-Tree’s full-year revenue comfortably ahead of expectations.
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NewsSABMiller hit by third quarter China slowdown
Peroni brewer SABMiller has reported a 1% dip in third quarter lager volumes, driven by a significant decline in China.
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NewsDelayed store openings take the shine off Poundland's record Christmas
More than seven million customers were served at Poundland in the peak Christmas trading week helping the discount chain to a record festive period.
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NewsWH Smith focuses on margin as group sales slip again
WH Smith’s gross margin continues to grow, despite a 2% fall in like-for-like sales in the 20 weeks to 17 January.
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Analysis & FeaturesUnilever’s subdued revenue growth is only part of the story
Unilever shares were 2.5% down in early trading after it revealed a drop in full year revenues this morning and under par fourth quarter sales.
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Unilever sales hit by challenging market conditions
Unilever has posted lower than expected full-year sales as growth remained mixed in emerging markets and Europe.
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NewsFaccenda Foods grows sales for fourth year running
Poultry processor Faccenda Foods has increased its top line for the fourth consecutive year with profits more than doubling.
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Analysis & FeaturesConviviality Retail drinks to rise in Christmas sales without the need to squeeze margins
Bargain Booze owner pushes up Christmas sales without resorting to an investment in margin.
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NewsBooker sales increase 2.5% in third quarter
Booker’s like-for-like sales rose by 2.5% in the 16 weeks to 2 January…
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Strong retail growth at Thorntons pulled back by commercial sales weakness
Thorntons has reported like-for-like retail sales growth of 7.8% in the run-up to Christmas, but total second quarter revenues fell due to poor UK commercial sales.
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NewsGreggs targets retail parks as it gets back on expansion trail
Greggs plans to reverse its recent programme of store reductions by expanding its estate away from the high street in 2015…
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NewsBooming Latin American sales help Carrefour post 3.9% annual revenue increase
French retail giant Carrefour has posted full-year organic sales growth of 3.9%, boosted by strong growth it Latin America.
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NewsSainsbury’s chooses EY as auditor as it drops PwC
Sainsbury’s’ board intends to drop PwC as its auditor in favour of Big Four rival EY for the upcoming financial year.