Results – Page 77
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NewsDave Lewis targets bigger profits as Tesco reports growth
CEO says the business has “moved out of crisis” and sets sights on further cost reductions
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NewsGreggs faces rising costs as pound plunges
Greggs has warned of mounting pressures on food prices as the fallout from Brexit continues to weaken the pound and labour costs rise.
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NewsCity snapshot: Greggs’ third quarter sales up 5.6%
Third quarter sales at bakery food to go chain Greggs (GRG) rose 5.6%, though its rate of like for like growth slowed during the 13 weeks to 1 October. Plus, the FTSE bursts through the 7,000pts mark as the pound falls to mid-1980s levels and all the rest of today’s news from the City.
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NewsHovis pushed into £19m loss by 'poor market conditions'
Hovis plunged to a £19m loss in its second year of trading since being spun out of Premier Foods as it battled to hold on to market share in a declining bakery category
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NewsIndustrial sales drive McCormick UK revenues up 6.6%
US spices and sauce giant McCormick saw a 6.6% uplift in sales from its UK division last year, although the proportion of its sales booked in the UK market fell back
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NewsWalkers feels the heat from rivals' baked snacks and popcorn
Rivals’ baked snacks and popcorn have taken a bite out of revenues at Walkers
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NewsSainsbury's investors face more misery as like-for-likes fall
A second consecutive quarter of declining like-for-like sales at Sainsbury’s resulted in more misery for investors
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NewsProduce Investments looking to broaden into other veg
Potato and daffodil supplier delivers “robust” results despite challenging market
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NewsCity Snapshot: US drives “strong” annual sales growth for Imperial Brands
FTSE 100 tobacco firm Imperial Brands has reassured the market it is on track to meet full year expectations, driven by strong US growth and currencies
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NewsSainsbury's results: What the analysts say
For two years, Sainsbury’s defied the economic gravity of Britain’s supermarket shootout. The brand has come down to earth with a bump
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NewsCity snapshot: Sainsbury’s like for likes down 1.1% in second quarter
Sainsbury’s has announced a 1.1% like for like retail sales fall, excluding fuel, for the 16 weeks to 24 September 2016.
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NewsDr Oetker UK profits up by 64% as efficiencies pay off
UK revenues at pizza and home baking supplier Dr Oetker edged up to £156m last year, but profits jumped by two-thirds driven by operational efficiencies and the accounting treatment of previous acquisitions.
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NewsAldi results: What the analysts say
Aldi announced another set of record results as sales reached £7.7bn, but profits shrank. What did the industry analysts make of it?
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NewsAldi plans £300m store refresh amid 11.8% annual sales growth
Aldi is to invest £300m in enhancing its UK stores after posting annual sales of £7.7bn in the year to 31 December 2015.
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NewsTesco sales figures boost City optimism over recovery
Grocery market share data once again showed Tesco as the best of the mults
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NewsThe Co-op reports 3% increase in like-for-like food sales
Turnaround continues as convenience business grows by 4.3%
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NewsMPM sales driven up another 25% by pet pampering trend
The group drove revenues last year thanks to its first foray into TV advertising for the Encore brand
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NewsCoke bottler goes flat in wake of Brexit and poor weather
A lack of consumer thirst for Coke, poor weather, challenging consumer markets and the slump in sterling after Brexit combined to send sales backwards at Coca-Cola European Partners
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NewsCity snapshot: Grocery listings help boost sales at Science in Sport
Sports nutrition specialist Science in Sport has grown revenues by 24% in the first half of the year, driven higher by international sales and new listings
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NewsPureCircle warns of volatility as US Customs troubles slows growth
Shares in the London-listed business sank 6.1% to 310p as CEO Magomet Malsagov warned there would be more volatility in the future.