Results – Page 38
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NewsMorrisons' retail growth slows as Ocado deal renegotiated
Morrisons has posted a 2.3% rise in like for like first quarter sales as it has announced a temporary suspension of its use of online partner Ocado’s Erith customer fulfilment centre and an end to the exclusivity of their partnership.
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NewsAB InBev explores IPO for Asian business
AB InBev is exploring a potential minority stake listing of its Asia Pacific business on the Hong Kong Stock Exchange as it announced “solid” first quarter sales.
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NewsTotal Produce breaks €5bn in revenue after buying Dole stake
Sales soared by almost €700m, equal to 17%, in the year to 31 December 2018
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NewsWaitrose profits given huge boost by cut in staff bonuses
The most recent bonus represents the lowest profits-to-bonus ratio on record
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NewsReckitt Benckiser admits to 'slow' first quarter
Consumer health giant Reckitt Benckiser has posted a “slow” start to the year, with overall first quarter like for like growth of just 1%.
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NewsBlocked Asda deal costs Sainsbury’s £46m
Sainsbury’s collapsed merger with Asda cost it £46m in the year to 9 March, contributing to one-off costs that drove a 41% reduction in pre-tax profits to £239m.
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NewsSignature Flatbreads profits treble back under family control
Private label tortilla and naan manufacturer Signature Flatbreads has grown sales and profits in the year the company was taken back under family ownership.
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NewsZetar confectionery and snacks divisions return to profit
Confectionery and natural snacks maker Zetar has turned a corner after two years of losses.
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NewsCity snapshot: Just Eat first quarter sales rise 28% as UK slows down
Online takeaway marketplace Just Eat has reported a 28% jump in first quarter sales to £227.9m, despite a slowdown in UK sales. Plus, Sainsbury’s shares sink to 30-year low and all the rest of the latest news from the City.
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NewsSugar division woes hold back ABF's first half performance
Associated British Foods has posted a 15% drop in first half pre-tax profits as the plunge in margins at its AB Sugar business hit performance.
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NewsCoca-Cola reports “solid” start to the year with 5% sales uplift
The Coca-Cola Company has posted net revenue growth of 5% in the first three months of the year, representing an “encouraging” first quarter performance.
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NewsTyphoo falls to £20m loss as tea and operating costs soar
The tea supplier suffered from a sharp rise in the cost of key raw materials
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NewsCity snapshot: Unilever’s first quarter sales beat expectations
Unilever has topped City expectations with underlying sales growth of 3.1% in the first three months of the year. Plus, Nestlé posts first quarter organic growth ahead of forecasts this morning and all the rest of the latest news from the City.
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NewsCity snapshot: Card Factory profits hit by mounting costs
Greeting cards and gifts chain Card Factory has posted flat like for like annual sales despite a “tough consumer environment” but saw profits hit by rising costs. Plus, all the rest of the latest news from the City.
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Analysis & FeaturesTesco shares rise as Dave Lewis reawakens retail giant
Tesco CEO Dave Lewis is well on the way to reawakening the power of the once dominant retail behemoth as the supermarket exceeded lofty financial expectations this week.
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NewsBidfood owner BFS Group suffers £14.8m loss driven by logistics weakness
Bidfood owner BFS Group slumped to a headline loss of £14.8m in its most recent financial year due to heavy losses outside its core foodservice business.
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NewsFiddes Payne losses deepen after international sales decline
Revenues at the Cake Angels owner dropped 2% to £14.3m in the year to 30 June 2018
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NewsUS expansion boosts first half sales at WH Smith
Travel revenues continues to rise at WH Smith, which has announced 8% growth in first half sales after its acquisition of US travel retailer InMotion. Plus all the rest of the latest news from the City.
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Analysis & FeaturesTesco preliminary results: analyst reactions
Tesco has beaten analyst expectations to deliver a 29% surge in pre-tax profits
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NewsCity snapshot: Tesco profits surge as turnaround nears completion
Tesco beat analyst expectations to deliver a 29% surge in pre-tax profits, Diageo and Greggs add non-executive directors and the rest of the news from the City