Results – Page 132
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Analysis & FeaturesWinners and losers from Horsegate begin to emerge
There’s little doubt that Horsegate was the major food story of 2013, but so far there has been little concrete evidence the horsemeat scandal had much of an impact on the meat industry’s bottom line.
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Analysis & FeaturesOcado bullish as it chases first full-year profit
Ocado is on track to turn a profit this year, chief financial officer Duncan Tatton-Brown reaffirmed today, as the online retailer reported Q3 sales up 15.5% to £218.5m.
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NewsMorrisons honours dividend pledge despite plummeting profits
Morrisons’ underlying profits before tax plunged 51% to £181m in the six months to 3 August…
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NewsMorrisons’ profits plunge in first half as price war eats margin
Morrisons’ underlying profits before tax fell 51% to £181m in the six months to 3 August on the back of the retailer’s price-cutting strategy, while like-for-like sales fell 7.4%.
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NewsWaitrose profits fall as store investment soars
Waitrose’s operating profit plunged by 9.4% during the first half despite rising sales.
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NewsGlorious! soup-maker TSC Foods Group in 36% profit boost
TSC Foods Group saw a 36% boost to pre-tax profit in the year before it was bought by The Billington Group…
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NewsOcado sales climb 15% despite fall in basket size
Ocado hailed “steady growth” this morning as it reported a 15.5% rise in gross retail sales in its third quarter.
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Analysis & FeaturesThorntons bets the shop on life as a supplier
Is life easier as a fmcg retailer or supplier? Thorntons has bet the shop on the answer being the latter.
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NewsMcBride’s full-year sales hurt by brand promotions
An explosion of promotional activity on branded goods has hit the performance of private label specialist McBride in the year to the end of June.
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NewsThorntons profits jump 60% as fmcg focus pays off
Thorntons has announced a 60.4% increase in full-year profits as its pledged to grow its global business to rebalance the company away from UK retail to become an international fmcg firm.
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NewsHilton Food Group hit by currency movement and lower meat prices
Meat packing firm Hilton Food Group saw a fall in first half revenues despite rising volumes as currency movement and lower raw material prices took their toll.
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Analysis & FeaturesABF's grocery business stabilises in Primark's shadow
Associated British Food’s grocery sales will fall this year, but underlying performance provides more reason for cheer/
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NewsABF weighed down by weak sugar sales
Associated British Foods expects to see improved full-year profits despite “substantially lower” revenues and earnings from its sugar business.
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NewsRed Bull blames economy and competition for falling turnover
The UK arm of Red Bull has laid the blame for a 2.5% drop in turnover last year on “difficult economic and competitive fac…
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NewsDr Oetker back in profit following increased focus on own label
Dr Oetker bounced back into profit in the UK after posting a pre-tax profit of £165,000 compared with a £2.4m loss in 2012…
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NewsBirds Eye operating profits rise in spite of horsemeat scandal
Birds Eye shook off the impact of Horsegate to post a 15.8% increase in operating profit last year…
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Analysis & FeaturesTesco struggles for momentum as Dave Lewis takes the reins
If Dave Lewis were under any misapprehensions as to the size of the challenge, his first week will have set him straight…
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Analysis & FeaturesSlimmed down Co-op Group is finally on the up
A slide on The Co-operative Group’s interim results presentation this morning highlighted just how drastically the society has changed in the last 18 months.
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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.