Results – Page 115
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NewsCo-op returns to profit as Pennycook made permanent CEO
The Co-operative Group has posted a half-year profit of £66m and confirmed that interim CEO Richard Pennycook will take on the role permanently.
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Analysis & FeaturesIs the only way now up for Morrisons?
Last week’s market share data suggested Morrisons had turned a corner, but the supermarket still has plenty of hard work ahead.
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NewsBudgens operator Kavanagh Retailing reports 144% profit hike
Kavanagh Retailing UK has posted full-year pre-tax profits up 144%
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NewsHeinz Tomato Ketchup props up ailing Beanz and Soups
Sales of Heinz Beanz and soups fell in the UK last year – with Heinz Tomato Ketchup one of the few bright spots.
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Analysis & FeaturesTesco’s strategy left up in the air after profit warning
Where do today’s shock announcements from Tesco leave the retailer’s turnaround strategy?
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NewsTesco cuts profit forecast and brings forward Dave Lewis' arrival
Tesco today cut its profit forecast and interim dividend
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NewsLidl sales on course to smash £4bn barrier in 2014
Lidl expects to smash the £4bn barrier in 2014, with its sales on course to rise 20%.
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NewsEmmi cuts earnings forecast after poor trading in Italy
Swiss dairy group Emmi’s shares opened 6% lower this morning after it downgraded its full-year earnings forecast.
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NewsMoy Park on course for IPO before the end of the year
Moy Park is already in the “advanced stages” of its IPO preparations and on course to float on the Stock Market…
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NewsPoundland execs decide against bonuses despite successful year
Poundland executives have elected to receive no bonus despite a year of double-digit sales growth and a landmark IPO…
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NewsCo-op Bank making ‘progress’ despite £75.8m loss
The Co-operative Bank has said it is making progress towards stability despite reporting a loss before tax of £75.8m for the six months to 30 June 2014.
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NewsWH Smith short sellers may yet be caught out
A stark split of opinion has emerged in the City over the prospects for WH Smith…
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NewsTreasury Wine Estates hit by AU$100m loss
Troubled Australian wine company Treasury Wine Estates has seen profits tumble by 30% following a “challenging” year that saw it lose $100m.
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NewsSymington's reports falling profits amid 'challenging' UK market
Pinched consumers, the cost of promotions and the rise of the discounters have led to slump in full-year profits at Symington’s.
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NewsHeineken beer volumes boosted by the World Cup
Heineken saw overall beer volumes rise 3.1% and a “mid-single digit” figure in the UK as the World Cup and warm weather helped boost first half trading.
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NewsImperial Tobacco reports a 1% slide in global sales
Imperial Tobacco Group said today it remained on course to acquire a range of US cigarette brands as it reported a 1% fall in global revenue for the first nine months of the year.
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NewsAndy Clarke: Asda staff morale 'not as bad as I had feared'
Staff morale at Asda is holding up better than expected in light of its ongoing in-store management restructure…
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NewsRaisio blames sales slump on flailing Honey Monster
Raisio Group has reported further losses and sales decline in its troubled UK business…
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Analysis & FeaturesAsda reaps the benefits of early action on prices
If the supermarkets have indeed been locked in a price war this year, today seems to confirm Asda as the clear winner of round one.
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NewsAsda sales grow 0.5% in second quarter
Asda’s like-for-like sales grew 0.5% in the 10 weeks ending 30 June, it revealed today.