Results – Page 31
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NewsCity Snapshot: John Lewis Partnership scraps staff bonus as it suffers £635m loss
The John Lewis Partnership has scrapped its annual staff bonus as it suffered a first half loss of £635m amid restructuring costs and heavy writedowns of its John Lewis store estate. Plus, grocery sales boom at Co-op, update from Hilton Food Group and all the rest of the latest news from the City.
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NewsCity snapshot: Ocado sales surge by 52% ahead of M&S switch
Ocado’s retail revenues soared by 52% in the 13 weeks to August due to sharply rising demand for online groceries - plus, growth slows in August as more meals are eaten out according to the latest grocery market share figures.
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NewsCity snapshot: Morrisons profits dented by extra coronavirus costs
Morrisons has reported a surge in first half sales, but a double-digit fall in profitability as the extra costs of operating through the coronavirus crisis hit its bottom line.
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NewsCity snapshot: Wincanton raises market expectation on back of online demand
The online shopping boom during the coronavirus pandemic has significantly boosted revenues and profits at logistics group Wincanton
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NewsCity snapshot: Fever-Tree sales and profits slump amid coronavirus lockdowns
Premium drinks mixer producer Fever-Tree saw a double-digit drop in sales and profitability as the shutdown of bars, pubs and restaurants hit first half trading. Plus, on a hectic morning, retail sales rebound in August, trading updates from Bakkavor, McBride, DS Smith and Applegreen joins US service station project
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter
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NewsCity snapshot: Branded sales growth helps Arla shrug off coronavirus challenges
Danish dairy giant Arla grew its first half revenues by 2.8% driven by branded sales and retail growth, The Hut Group confirm £4.5bn September float plan, B&M promoted to the FTSE 100 and all the latest news from the City.
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NewsCity snapshot: Sweet sales growth for Cake Box as stores reopen
Cream cake retailer Cake Box is giving back furlough cash and paying shareholders a special dividend after a strong performance since the easing of lockdown. Plus Nestlé is set to acquire biopharmaceutical company Aimmune Therapeutics and all the rest of the latest news from the City.
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsCity snapshot: Ultimate Products returns furlough money as profits hold firm
Consumer goods group Ultimate Products has repaid all the money received during the pandemic under the government’s furlough scheme
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NewsCity snapshot: Meaty sales growth at Cranswick during coronavirus lockdown
Cranswick has upgraded its outlook for 2020 as lockdown and stockpiling sent sales soaring by more than 20% in the first quarter.
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NewsCity snapshot: Carlsberg posts double-digit sales and profits drop amid lockdown closures
Carlsberg has posted an 12.6% drop in first half revenues and a double-digit fall in operating profits as the coronavirus pandemic hammered its second quarter sales.
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NewsLockdown order surge underpins Just Eat Takeaway.com global sales jump
Takeaway food delivery giant Just Eat Takeaway.com has posted a 44% jump in first half sales to over €1bn as a flurry of orders during the global lockdown periods boosted first half trading.
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NewsCity snapshot: Out of home closures hit first half trading at Coca-Cola European Partners
Great Britain Coke bottler Coca-Cola European Partners has reported a 26% revenue slump in second quarter as the closures of food to go outlets hit trading across Europe. Plus , McColl’s falls to first half loss, trading updates from Naked Wines and Hammerson and all the rest of the news from the City.
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NewsProfits lose fizz at Coke bottler Coca-Cola HBC during lockdown
Profits went flat at Coca-Cola HBC as the world went into lockdown, but the fizzy drink bottler reported “encouraging” signs as markets reopened.
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NewsLockdown and writedowns halve Diageo’s annual profits
Annual profits at global spirits giant Diageo have almost halved amid write-downs of £1.4bn and an 8.4% slump in sales due to closure of pubs and restaurant, the cancellation of sporting events and a plunge in travel retail.
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NewsHeineken profits plunge as UK pub network closes
Profits at Heineken have fallen off a cliff as the brewer’s high exposure to the pub trade in the UK led to lower volumes and higher costs during the coronavirus lockdown.
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NewsCity snapshot: Lockdown hits first half performance at Kerry Group
Revenues and profits were hit at Kerry Group in the first half of the year as the global closure of foodservice businesses hit its business in the second quarter. Plus, half year results from AB InBev, Pets at Home sales slow and all the rest of the latest news from the City.
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NewsCity snapshot: Lockdown stockpiling boosts Nestlé’s first half sales
Panic buying in March has helped Nestlé to a stronger-than-expected start to the year as consumers turned to trusted brands during the coronavirus outbreak. Plus, on the busy morning, updates from AB InBev, Danone, Compass Group, Casino and all the rest of the latest news from the City.
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NewsCity snapshot: Premier Foods sales surge 22.5% in first quarter
Premier Foods has posted a 22.5% surge in first quarter sales driven by consumers flocking to its brands during the coronavirus lockdown period. Plus, food inflation holds steady at 1.5% and all the rest of the latest news from the City.