All Financial Results articles
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NewsThanet Earth heralds ‘more positive’ year after poor 2019-20 financial results
According to its latest results, it saw turnover decline and losses widen – a performance it says it has since turned around
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City snapshot: B&M hikes profits expectations after strong lockdown sales
The owner of B&M Bargains has hiked its full year profit expectations after sales continued to boom during the second lockdown period this year. Plus, Marston’s asks bondholders to relax financial covenants, Wynnstay acquisitions, Supermarket Income REIT raises more cash to buy supermarkets and all the rest of the latest news from the City
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Pukka Pies sets out £4.5m bakery investment as it eyes further growth
The pie brand, which took home the Brand of the Year title the 2020 Grocer Gold Awards, plans to enhance manufacturing capacity and capability at the Syston factory as it gears up for future growth.
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City snapshot: Profits evaporate at Vimto owner Nichols in face of Covid crisis
Vimto maker Nichols has experienced a dramatic slump in sales and profits as it faced the “unequalled challenges” presented by the Covid pandemic. Plus, fierce competition keeps food inflation in check, according to the latest BRC-Nielsen shop price index for February. There are also trading updates from DS Smith and Smiths News.
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Lindt sweetens global decline with rising UK sales
A strong performance in the UK helped Lindt offset declines across the world as the coronavirus pandemic disrupted several areas of the Swiss confectionery giant’s business.
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Waitrose reports 10% hike in sales of Duchy Organic products
Waitrose has also rebranded the packaging of the 300-strong Duchy range to reflect its sustainability-led values
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City Snapshot: Primark drags back grocery and sugar progress at ABF
Associated British Foods said its grocery, sugar and agriculture businesses will be “materially ahead of expectations” for its first half, but Primark’s coronavirus-drive weakness will reduce overall sales and profits. Elsewhere, Biffa buys food waste retailer Company Shop, Virgin Wines reveals £110m listing details and AB InBev grows fourth quarter sales.
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Heck to make debut in cooked meats with cocktail sausage duo
It comes as the supplier posted a 10.5% increase in turnover for the year to 31 July 2020
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Poundland sales fell to 60% of normal levels in first lockdown
Across the group, including Pepco and Dealz, sales nevertheless rose 3% to €3.5bn, full-year accounts reveal
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City snapshot: Record year for Reckitt Benckiser as Covid fuels demand for Dettol
A strong end to the year has helped Reckitt Benckiser register double-digit growth in 2020 as consumers turned to Dettol, Lysol and other hygiene brands to keep coronavirus at bay. Plus, EG Group strengthen board with new non-exec appointment, and Glanbia profits slump as Covid take toll on performance nutrition division.
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City Snapshot: McBride boosted by cleaning products demand spike
Household goods manufacturer McBride has seen an uplift in sales and profits in the second half of the year as the coronavirus outbreak continues to boost the sale of cleaning products
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Huel sees surge in growth as home delivery booms
Huel said growth was helped by new flavour launches and the rollout of an improved recipe
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Home Bargains turnover boosted by estate growth amid pandemic
New stores helped boost turnover by 13% to £2.8bn in the year to 30 June 2020, newly filed accounts at Companies House reveal
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City snapshot: Finsbury Food suffers further decline as lockdown drags on
Finsbury Food Group has suffered further declines in sales and profits as the return of lockdown towards the end of 2020 halted the recovery of its foodservice business.
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Nestlé posts strongest growth numbers in five years
Petcare was the group’s standout performer, with its premium brands Purina Pro Plan, Purina One and Felix driving the category to organic growth
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City snapshot: Danone plans ‘year of recovery’ after 2020 sales drop
Danone has guided towards a ‘year of recovery’ in 2021, while it has acquired US-based vegan dairy player Earth Island. Plus, UK retail sales slump in January and all the rest of the latest news from the City.
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Saputo hails ‘robust’ results as Cathedral City remains strong
Much of Saputo’s growth came from sales rises by market-leader Cathedral City and best-selling spreads brand Clover
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Asda sales up 6.9% over Christmas in last Walmart era results
CEO Roger Burnley cites ‘strong growth’ in online as the standout factor
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City Snapshot: Booming petcare sales help Nestlé increase 2020 revenues
Global foods giant Nestlé has posted an uptick on organic sales growth during the coronavirus period, helped by strong growth in its petcare, dairy and coffee businesses. Plus, Premier Foods pays down more debt, Carrefour posts ‘record’ year and more.
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Nomad Foods reveals strong finish to 2020 as frozen gets Covid boost
In a trading update issued ahead of its annual results next week, the Birds Eye owner revealed organic revenues jumped by 9.5% in the final three months of 2020 as the Uk entered lockdown once more.
