Grocer 200: Prices are delayed by at least 15 mins

BAT HQ

City snapshot: BAT set for second half profit growth but currency tailwind reduces Subscription

13 Dec 2017 | By Alec Mattinson

British American Tobacco has issued a second half pre-close trading update, stating it is on course to hit earnings growth expectations amid market share growth, but currency tailwinds are declining.

poundstretcher

Chris Edwards to drive recovery of Poundstretcher as CEO Subscription

08 Dec 2017 | By Alec Mattinson

Value retailer Poundstretcher is understood to have brought in former Poundworld boss Chris Edwards to lead its battle against falling sales

Graham's Organic Whole Milk

Graham’s Family Dairy profits fall 9% despite double-digit sales jump Subscription

08 Dec 2017 | By Edward Devlin

Scottish dairy group Graham’s has boosted annual revenues by 20% but profits declined 9% as margins remained tight amid challenging industry conditions.

2 sisters organic chickens

2 Sisters profits hit by site closure and rising commodities Subscription

08 Dec 2017 | By Edward Devlin

Operating profits at 2 Sisters fell 58% to £8.4m in the 13 weeks to 28 October…

fortnum

Fortnum & Mason credits record sales to tea and hampers Subscription

01 Dec 2017 | By Emma Weinbren

Tea sales spiked by 18% and the luxury retailer’s hampers also enjoyed a strong year, with sales up by 15%

Marston's

Marston's sales surge but core bottled ales struggle Subscription

30 Nov 2017 | By Daniel Woolfson

Revenues are up 10% his year, but sales of Pedigree and key brands have plummeted, despite a £1m revamp

graze chocolate cherry tart

Graze profits fall as it invests in US expansion Subscription

28 Nov 2017 | By Edward Devlin

Revenues at Graze rose 8% to £76m last year but profits fell 40% as the snacks business invested heavily to establish a retail presence in the US.

Foxs Glacier Mints

Raisio removes Big Bear boss Ciaran Sullivan Subscription

24 Nov 2017 | By Ronan Hegarty

Raisio blamed a negative financial performance for the senior management change

majestic wine

City snapshot: Naked Wines drives first half growth at Majestic Subscription

23 Nov 2017 | By Alec Mattinson

Majestic Wine has posted underlying first half sales growth of 4.2% and a return to profitability as its Naked Wines online business saw its US sales jump. Plus, platinum members can read the our full exclusive interview with Tesco’s Dave Lewis and Booker’s Charles Wilson, Remy Cointreau’s first half sales rise and all the rest of this morning’s news from the City. 

Uppercrust

Air travel growth boosts SSP Group Subscription

22 Nov 2017 | By Alec Mattinson

Upper Crust and Caffe Ritazza owner SSP Group has reported a double-digit hike in annual sales and profits as a rise in air travel and growth in North America boosted performance.

Compass Group

City snapshot: Strong North American growth boosts catering giant Compass Group Subscription

21 Nov 2017 | By Alec Mattinson

FTSE 100 catering giant Compass Group (CPG) has announced a 4% rise in organic revenues as a strong performance in North America underpinned growth. Plus, Tesco and Booker shares rise again and all the rest of this morning’s news from the City

asda advertising

Asda reports second consecutive quarter of sales growth Subscription

16 Nov 2017 | By Ian Quinn

Like for like sales in the third quarter grew by 1.1%

Bachelors deli box noodle

Nissin partnership starts to pay off for Premier Foods Subscription

16 Nov 2017 | By Alec Mattinson

Premier Foods’ boss Gavin Darby has hailed the “renaissance” of its Bachelors brand under its partnership with Nissin Foods as the UK-listed supplier reported a revival of fortunes in the second quarter.

Hello Fresh

HelloFresh UK sales double but investment expands losses Subscription

13 Nov 2017 | By Alec Mattinson

UK sales at Berlin-based HelloFresh leapt to £72.8m in 2016 from £35.2m in 2015

moy park chicken

Moy Park reports 'strong' sales growth in Q3 Subscription

10 Nov 2017 | By Edward Devlin

Revenues at Northern Irish poultry producer Moy Park rose 11.3% to £392.6m in the third quarter on strong volume growth, favourable exchange rate movements and recovery of cost inflation.

marks & spencer food hall

Marks & Spencer's food division hit by price inflation Subscription

10 Nov 2017 | By Alec Mattinson

For years, Simply Food has bailed out falling clothes sales at Marks & Spencer

Mike Coupe

Sainsbury's Coupe upbeat over food despite flatlining sales Subscription

09 Nov 2017 | By Emma Weinbren

The CEO admitted volumes were “broadly flat” taking into account food inflation, currently pegged at the 2% mark

Wincanton_0001

Wincanton sees profits jump despite Tesco contract loss Subscription

09 Nov 2017 | By Matt Strudwick

Chief executive Adrian Colman said the group had delivered a “good overall performance”…

marks & spencer food hall

City snapshot: M&S to slow food openings as profits squeezed by rising inflation Subscription

08 Nov 2017 | By Edward Devlin

Profits crashed 18% at Marks & Spencer in the first half as its food margins were squeezed more than expected as the retailer absorbed inflation to remain competitive in the challenging grocery market. Plus, trading updates from Hilton Food Group and Kerry Group; third quarter results at Raisio and Ahold Delhaize; and C&C interim CFO given role on permanent basis

Fever-Tree

Fever-Tree shares fizz 14% higher on 'exceptional' UK performance Subscription

07 Nov 2017 | By Edward Devlin

Shares in Fever-Tree (FEVR) soared by almost 14% today as the premium mixer brand lifted its profit expectation for 2017 thanks to a continued “exceptional” performance in the UK.

Coke

Coca-Cola European Partners Q3 sales decline despite demand for Coke Zero Subscription

07 Nov 2017 | By Edward Devlin

Revenues Coca-Cola European Partners have fallen 1.5% to €3bn in the third quarter as the popularity of Coke Zero Sugar was not enough to make up for the decline of the trademark brands.

Somerdale

Somerdale profits decline as growth slows Subscription

07 Nov 2017 | By Edward Devlin

Profits have declined at cheese exporter Somerdale International as growth slowed and currency and commodity price volatility hit the business.

bargain booze store

Conviviality enjoys 9% rise in revenues Subscription

07 Nov 2017 | By Daniel Woolfson

Sales were up across its Direct, Retail and Trading…

sugar

Higher sugar prices boost profits at Associated British Foods Subscription

07 Nov 2017 | By Alec Mattinson

Primark owner Associated British Foods has posted a 15% jump in sales and a 22% rise in adjusted operating profits, boosted by a dramatic recovery of profits at AB Sugar and the weakness of the pound.

morrisons

City unmoved by an eighth consecutive quarter of like-for-like sales growth at Morrisons Subscription

03 Nov 2017 | By Edward Devlin

Investors in supermarkets remain a tough bunch to please

argos sainsbury's nine elms

Sainsbury's first-half results: what the analysts say Subscription

09 Nov 2017 | By Edward Devlin

Sales at Sainsbury’s jumped 17% to £16.3bn in the first half thanks to the acquisition of Argos, but losses at the catalogue retailer, keeping prices down and the national living wage all dragged down the supermarket’s profits

Marks & Spencer shoppers

Marks & Spencer half year results: what the analysts say Subscription

08 Nov 2017 | By Edward Devlin

Openings of Simply Food stores to be scaled back  because of the ’increasingly tough trading environment’

morrisons

Morrisons third quarter sales: what the analysts say Subscription

02 Nov 2017 | By Edward Devlin

Group like-for-like sales including fuel increased 3.4% in the period, with total sales for the quarter, excluding fuel, up 2.3%

Tesco

Tesco first half results: What the analysts say Subscription

04 Oct 2017

Tesco has declared its turnaround “firmly on track” after posting a 27.3% jump in group operating profit before exceptional items and its seventh consecutive quarter of sales growth

Casamigos clooney

How Clooney worked his magic on Diageo sales too Subscription

03 Aug 2017 | By Alec Mattinson

Brand growth has largely been achieved by premiumisation focus

mike coupe sainsbury's

Sainsbury’s hasn’t taken its eye off the grocery ball. But will Nisa prove a distraction? Subscription

04 Jul 2017 | By Emma Weinbren

What a difference a quarter makes. One analyst described Sainsbury’s performance as “little short of a Lazarus moment” so should it now focus on its core business?

Sainsbury's

Sainsbury's Q1 results: What the analysts say Subscription

04 Jul 2017 | By Emma Weinbren

Analysts have hailed the 3% rise in grocery sales as a positive development

Tesco Knocknagoney 3

Tesco Q1 results: analyst reactions Subscription

16 Jun 2017

During the quarter it reported a 1.3% growth in customer transactions – some ten million more than last year

Morrisons CEO David Potts

Morrisons results: what the analysts say Subscription

04 May 2017

Morrisons’ like-for-like sales rose 3.4% in the 13 weeks to 30 April – its highest growth rate yet under CEO David Potts

Sainsbury's Nine Elms store

Sainsbury's results: what the analysts say Subscription

03 May 2017

Sainsbury’s has reported a 1% drop in profit before tax for the year to 11 March. Here’s how leading City and retail analysts reacted to the news

Dave Lewis tesco

Tesco results: what the analysts say Subscription

12 Apr 2017 | By Edward Devlin

Tesco’s UK-like-for-like sales were up 0.9% in the year – its first reported full-year growth for seven years. Here’s how analysts have reacted

Sainsbury's Nine Elms store

Sainsbury's results: what the analysts say Subscription

16 Mar 2017 | By Emma Weinbren

  Sainsbury’s Nine Elms store

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