All Financial Results articles
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NewsSugro members grow turnover 12.5% during pandemic
Sugro CEO Neil Turton said the bulk of the growth had been driven by surging grocery sales during the pandemic
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News
City Snapshot: Diageo returns to growth as markets recovery from lockdown
Drinks giant Diageo is restarting its programme to return £4.5bn to shareholders as its first-half performance benefitted from strong trading across its global markets. Plus, on a busy morning, Coca-Cola HBC updates on its Q1 performance, Marston’s names a new CEO, Compass Group reports its first-half results and Ahold Delhaize reveals Q1 figures.
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News
Higgidy profits hit record highs during Covid lockdown
Higgidy said awareness of the brand had grown while consumers were working from home
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News
Covid screens to stay in Morrisons despite pandemic retreat, says Potts
More than 400 Morrisons cafés that will open on Monday fitted with new screens for the long term
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News
City Snapshot: “Encouraging” start for Morrisons but sales growth slows in Q1
Growth has slowed at Morrisons in its first quarter as society began to reopen and the supermarket started to lap its own figures from last year when panic-buying was in full force during the first national lockdown. Plus, Q1 figures from Coca-Cola Europacific Partners, THG acquire US beauty product manufacturer, the latest retail sales data from BRC-KPMG and the latest spending report from Barclaycard.
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News
Hotel Chocolat shares soar on expectation of post-lockdown profits boom
Revenues at the business in the eight weeks to 25 April were 19% higher than two years ago
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News
City Snapshot: Greggs profits from easing of lockdown as sales surge
Profits at Greggs look set to return to pre-Covid levels quicker than expected after sales at the bakery chain surged as shoppers flocked back to the high street in April. Plus, a trading update from Hotel Chocolat reveals a strong performance.
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News
Riverford Organic Farmers revenues rise on ‘phenomenal surge in demand’
Turnover at the Devon-based company jumped 13.5% to £75.7m for the 52 weeks to 30 April 2020.
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News
City News: AB InBev’s new top team will benefit from post-lockdown resurgences
AB InBev confirmed on Thursday that CEO Carlos Brito would step down after 15 years in charge, to be replaced by North America chief Michel Doukeris, amid a strong rebound of first quarter sales as coronavirus restrictions eased across key markets.
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News
Waitrose defends rates relief as it posts record profits
Waitrose posted record levels of profits last year as sales boomed during a period in which it benefited from business rates relief.
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News
City snapshot: AB InBev boss Carlos Brito to step down
The world’s largest brewer AB InBev has announced CEO Carlos Brito will step down after 15 years in charge, to be replaced by North America chief Michel Doukeris. Plus ABI posts strong start to 2021, Virgin Wines and Glanbia up guidance and all the rest of the latest news from the City
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News
Worldwide Fruit enjoys double-digit Covid-19 sales bounce
The supplier of apples, berries, avocados and stone fruits saw sales grow by more than a third
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News
City snapshot: HelloFresh sales more than double amid increased capacity
European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic.
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News
Laila’s posts further losses amid pandemic scratch cooking boom
Laila’s Fine Foods ‘reliant on creditors’ as it forecast it would be lossmaking for the third year in a row
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Analysis & Features
What’s the plan for Sainsbury’s following £261m loss?
Simon Roberts insists the business ‘is in good shape and has lots of potential’. How is he planning to bounce back?
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News
Jempson’s reports ‘outstanding’ increase in turnover and profit
Jempson’s launched a home delivery service for groceries, which racked up £1m of sales in the 2020 calendar year
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News
City Snapshot: Unilever boosted by emerging markets reopenings
Unilever has started the year on the front foot, posting organic growth of 5.7% helped by the lapping strict lockdowns in key emerging markets
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News
Mondelez sees sweet sales rise as shoppers continue to stock up on Cadbury and Oreo
Mondelez net revenues in the first quarter of 2021 jumped 7.9% to $7.2bn, with shoppers in Europe and Asia buying more of its brands, including the likes of Oreo, Belvita, Milka and Toblerone.
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News
Sainsbury’s slumps to a loss despite surging revenues amid pandemic
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn
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News
City snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
