Results – Page 27
-
NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
-
NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
-
NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
-
NewsCity snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.
-
NewsCity snapshot: Morrisons retail sales surge under coronavirus lockdown
Morrisons has reported a 5.7% jump in first quarter like for like sales, excluding fuel, as its grocery sales surged under the coronavirus lockdown conditions.
-
NewsCity snapshot: Ocado sales surge 40% during coronavirus lockdown
Ocado’s retail sales have surged by more than 40% in the coronavirus lockdown period after ramping up capacity during the crisis. Plus, McColl’s CFO quites for Holland & Barrett role and all the rest of the latest news from the City.
-
NewsHelloFresh sales soar under coronavirus lockdowns
Global meal-kit supplier Hello Fresh has recorded a surge of sales in the first three months of 2020, further boosted by the coronavirus lockdowns in many of its key markets over recent weeks.
-
NewsCity snapshot: Hotel Chocolat suffers trading hit from Easter closures
Hotel Chocolat has suffered a “material” impact on trading after being forced to close all retail stores ahead of Easter, the second largest seasonal peak for the business.
-
NewsSainsbury’s not yet ‘in the money’ despite coronavirus sales uplift
Mike Coupe’s final results as Sainsbury’s boss firmly dispelled any notion the supermarket is finally “in the money” as a result of the coronavirus-induced grocery sales surge.
-
NewsCity snapshot: Sainsbury’s defers dividend amid £500m coronavirus hit
Sainsbury’s has deferred its final dividend amid the “significant impact” of the coronavirus outbreak on its business, which it expects to generate £500m of extra costs. Plus, on a busy morning, updates from Reckitt Benckiser, Carlsberg, M&S, C&C Group and British American Tobacco.
-
NewsCity snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
-
NewsUnilever sales fall flat amid ‘unprecedented impact’ of Coronavirus outbreak
Unilever’s underlying sales growth was flat in the first quarter amid a significant hit to its emerging markets business and sales of ice cream due to the coronavirus outbreak.
-
NewsCity snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.
-
NewsABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
-
NewsCity snapshot: Premier Foods completes strategic review with pensions restructure
Premier Foods reaches “transformational” agreement with its pensions schemes, completing the strategic review announced over a year ago
-
NewsCity snapshot: Carr’s Group reports ‘resilient performance’ with no material coronavirus impact
Agriculture and engineering group Carr’s (CARR) has reported a ‘resilient performance’ in the first half of its financial year and reassured the market the current coronavirus crisis has not had a material impact on its trading.
-
NewsCity snapshot: Diageo suspends share buyback scheme and withdraws financial guidance
Global spirits group Diageo has suspended its £4.5bn share buyback scheme and withdrawn financial guidance for its 2020 financial year, though it will still pay an interim dividend. Elsewhere, Naked Wines and Distil see coronavirus trading boost, Supermarket Income REIT looks for cash to fund acquisitions and all the rest of the latest news from the City.
-
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.
-
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.
-
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.