All Financial Results articles
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NewsPoundstretcher returns to profit as CVA reaps rewards
Operating profit rose to £88.3m in the 12 months to 31 March 2021, up from a £45.3m loss the previous year
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Morrisons sales slump amid ‘very challenging’ trading environment
An update to investors for the 13 weeks ended 1 May revealed a 6.4% decline in like-for-like sales in the second quarter
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City snapshot: Food inflation ramps up in June as fresh prices accelerate
Food prices have raced to a new 11-year high, according to the latest shop price index from the BRC and NielsenIQ. Plus, McBride secure banking covenant waiver as it continues to battle with soaring costs; B&M issues first-quarter update; and Moonpig reveals full-year results.
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Holland & Barrett sees UK sales drop £10m as Covid effects continue
Pre-tax profits jumped from £5.7m to £43.6m as the group consolidated online revenues
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City Snapshot: Higher prices provide boost to PZ Cussons sales
Personal care group PZ Cussons has continued to make progress in its turnaround as its new strategy. Plus, full-year results from Cake Box and the latest innovation from Parsley Box.
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City snapshot: Naked Wines moves back into profit as it cuts marketing spend
Naked Wines has posted revenue growth a move back into profitability despite inflationary challenges as it cut investment in new customer acquisition.
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City Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.
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Ferrero UK sales soar by £40m as shoppers seek boxed chocs
Revenues for the UK and Irish operations increased 10.3% to £450.1m in the year ended 31 August
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City snapshot: Tesco sales fall back amid “unprecedented” cost of living increases
Tesco’s core retail sales fell back in its first quarter as CEO Ken Murphy warned of the impact of “unprecedented increases in the cost of living”.
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City Snapshot: WH Smith optimistic as travel recovery lifts sales above pre-pandemic levels for first time
Group revenues in the 15 weeks to 11 June were 7% ahead of 2019 levels thanks to “a particularly strong” performance from travel.
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City Snapshot: Distil sinks to a loss as Covid sales fall away
Premium spirits group Distil has fallen to a loss as revenues returned to more normal levels following a lockdown surge.
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Food & drink reformulation and drive to cut sugar boosts Tate & Lyle
The sweetener and sucralose supplier posted double-digit sales and profit growth from continuing operations after shedding its US industrial starches business last year
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Thorntons losses under Ferrero hit £190m as closure of retail stores hits sales
Pre-tax losses totalled £26.7m in the 12 months ended 31 August 2021 – a 29% improvement on the prior year’s £37.7m – as overheads associated with the retail operations were erased.
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City snapshot: Tate & Lyle boosted by global reformulation drive
Tate & Lyle has posted double digit sales and profit growth from continuing operations as the drive to reformulate food and drinks boosted its performance. Plus trading updates from Poundland owner Pepco and British American Tobacco.
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Minor Figures launches new oat milk duo into Waitrose chiller cabinets
The new range is available now in 250 Waitrose stores, and will be rolled out into all Holland & Barrett locations later this month
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Ornua hails ‘record’ year as turnover hits $2.5bn in 2021
Despite ‘persistant challenges’, the dairy company has seen turnover rise to €2.5bn, an increase of 6.9% year on year
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City Snapshot: Gusbourne reveals sparkling growth on Covid recovery
Revenues have almost doubled at Gusbourne as the English wine maker emerged from the pandemic with a growing online presence.
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BrewDog narrows losses thanks to efficiencies and jump in sales
Punk craft beer brand BrewDog has narrowed its losses as NPD and growing supermarket distribution helped revenues jumped 21% last year.
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City News: B&M shares plummet on sales and profits downturn
B&M was a clear winner from the pandemic as its stores stayed open through lockdowns, but the City sent its shares down by double digits on Tuesday amid concerns over changing leadership and a downturn in sale and profits
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City Snapshot: Grocery price inflation accelerates at decade-high pace
Food prices accelerated at their fastest rate in more than decade as retail trade body the BRC warns inflation is set “to get worse before it gets better”.
