Results – Page 44
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NewsCity snapshot: WH Smith CEO Stephen Clarke steps down
WH Smith chief executive Stephen Clarke has decided to step down at the end of October after 15 years with the company. Plus, trading updates from Cranswick, Greencore, Hilton Food Group, Tesco stops mortgage lending and all the rest of the latest news from the City.
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NewsLily's Kitchen vows to double sales of its petfood globally
Premium petfood brand Lily’s Kitchen is plotting a huge exports push to double its international sales this year and break into the Asian and Middle East pet care markets.
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NewsAsda like-for-likes up 0.5% with Easter adjustment
Asda CEO Roger Burnley said the supermarket remained focused but warned of challenges ahead
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NewsExceptional costs drive £43m annual loss for Premier foods
Premier Foods has fallen to an annual loss of £42.7m as impairments and pension charges hit its bottom line, but core profitability improved in a further sign of “consistent progress”.
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NewsLWC Drinks hails 'aggressive growth' after £53m sales surge
The booze wholesaler has reported sales up more than £53m
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NewsKettle falls to loss as it invests heavily in promotions
Premium crisps player Kettle Foods has slumped to a heavy loss as it maintained high levels of promotions to fight declining market share.
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NewsBoparan asset sell-off mitigates mounting losses
The 2 Sisters owner would have posted an annual loss of over £100m but for the sale of Goodfella’s…
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NewsTails.com hits £21m in sales following Nestlé majority stake deal
This year’s sales will be driven in part by Tails.com’s first overseas expansion in February
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NewsMarussia Beverages falls to loss of £470k
MD Bruce Perry said the loss was due to ’continued marketing investment’ despite ‘difficult trading conditions’
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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.