Results – Page 32
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NewsWhitworths sales continue to slide but operational losses improve
The business is now focused on shifting from being an ingredients-focused company to a healthy snacking firm
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NewsInnocent sales rocket amid European expansion
Innocent has posted further revenue growth last year, with sales rocketing to nearly £400m as health-conscious consumers flocked to buy its smoothies
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NewsHovis Holdings hails ‘solid year’ after £9.1m bakery sales boost
At group level, Hovis Holdings’ sales were £460.9m – a 2% decline on 2017
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NewsCity snapshot: Greggs outlook unchanged as third quarter sales rise
Greggs posted another quarter of sales increase, while analysts predict Tesco’s interim sales to flatline amid strong comparatives and Brexit uncertainty
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NewsBurton’s makes return to growth as sales of sweet biscuits rise
Burton’s returned to growth in 2018, with sales up 1% to £235m
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NewsBirds Eye UK sees second year of sales growth but profits tighten
The frozen food manufacturer posted revenues up 5.9% to £431m for the year ending 31 December 2018
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NewsMoy Park heralds ‘strong financial performance’ for 2018
Its latest accounts show growth in both operating profit and revenues
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NewsCity snapshot: Müller posts further significant UK losses in face of ‘broken’ market
Müller’s UK & Ireland business has slumped to another significant annual operating loss, on the back of challenging conditions in the liquid milk category.
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NewsBurts Snacks sales jump 50% following popcorn acquisition and organic growth
Burts annual sales jumped in 2018 but the company swung to a pre-tax loss of £608k due to rising costs
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NewsBranston owner Mizkan Euro expects redundancies after losing key contract
Branston pickle and chutney maker Mizkan Euro has announced the loss of a “significant” private brand contract that will likely result in a programme of redundancies
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NewsImperial Tobacco warns of vaping crackdown hit on profits
Imperial Brands has warned investors that a “challenging” US market for vaping products and weaker than expected performance in its Africa, Asia and Australasia business will hamper full year revenue and earnings growth.
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NewsCity snapshot: Sainsbury’s stems sales slowdown amid store estate shake-up
Sainsbury’s has posted a small 0.2% drop in second quarter like-for-like sales (ex fuel), while announcing it plans to axe as many as 125 stores across its supermarkets, convenience stores and Argos outlets amid 200 openings.
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NewsFentimans profit growth hit by sugar tax and Brexit stockpiling despite sales jump
The premium soft drinks producer saw gross profits rise 14% last year but the growth was softened by costs associated with the sugar tax and Brexit stockpiling
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NewsCity snapshot: Hotel Chocolat annual sales and profits jump amid global expansion plans
Hotel Chocolat has shrugged off “economic headwinds” on the UK high street to post a 14% full year sales surge and a 9% rise in underlying earnings. Plus, sales and profits drop at AG Barr after “disappointing” first half and all the rest of the latest news from the City.
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NewsGrenade sales soar as protein bar popularity continues
The “continued success” of its range of protein bars, shakes, spreads and biscuits boosted sales by 30% to £37.6m in 2018
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NewsNestlé UK profits fall despite soaring sales of Nespresso
Double-digit growth for Nespresso hasn’t been enough to prevent the fall in operating profits
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NewsCity snapshot: Diageo earnings on target but ‘not immune’ from global trade threat
Diageo has said it expects to post solid organic sales and profit growth, but has warned it is “not immune” from disruption associated with changes to global trade policies. Plus, Coca-Cola HBC buys Italian waters supplier, Tate & Lyle agrees pensions deal and all the rest of the latest news from the City.
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NewsMPM sales continue to rise as owners keep spoiling pets
Sales at premium petfood manufacturer MPM Products have continued to rise as owners splurged on luxury meals for their cats and dogs
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NewsParfetts posts 10% jump in turnover as profits surge
The wholesaler’s like-for-like sales grew by 5%
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NewsCity snapshot: Science in Sport first half losses top £3m despite sales surge
Science in Sport has widened pre-tax losses from £2.6m to £3.1m in the half-year to the end of June on revenue that soared from £9.9m to £24.9m. Plus all the rest of the latest news from the City.