All Financial Results articles – Page 107
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News
Media Bites 3 Oct: Deliveroo, Tesco, Tariffs
Deliveroo has seen revenues jump 72% in 2018 but losses widened 17% to £232m as the ride haling app invested into new markets and competitiveness in challenging areas. Revenues came in at £476m but operating expenses surged to £349.4m from £106m the previous year (The Financial Times ...
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Whitworths sales continue to slide but operational losses improve
The business is now focused on shifting from being an ingredients-focused company to a healthy snacking firm
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City snapshot: Tesco CEO Dave Lewis to step down
“I believe that the tenure of the CEO should be a finite one and that now is the right time to pass the baton,” he said.
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Innocent sales rocket amid European expansion
Innocent has posted further revenue growth last year, with sales rocketing to nearly £400m as health-conscious consumers flocked to buy its smoothies
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Hovis Holdings hails ‘solid year’ after £9.1m bakery sales boost
At group level, Hovis Holdings’ sales were £460.9m – a 2% decline on 2017
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City snapshot: Greggs outlook unchanged as third quarter sales rise
Greggs posted another quarter of sales increase, while analysts predict Tesco’s interim sales to flatline amid strong comparatives and Brexit uncertainty
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Burton’s makes return to growth as sales of sweet biscuits rise
Burton’s returned to growth in 2018, with sales up 1% to £235m
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Birds Eye UK sees second year of sales growth but profits tighten
The frozen food manufacturer posted revenues up 5.9% to £431m for the year ending 31 December 2018
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Moy Park heralds ‘strong financial performance’ for 2018
Its latest accounts show growth in both operating profit and revenues
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City snapshot: Müller posts further significant UK losses in face of ‘broken’ market
Müller’s UK & Ireland business has slumped to another significant annual operating loss, on the back of challenging conditions in the liquid milk category.
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Burts Snacks sales jump 50% following popcorn acquisition and organic growth
Burts annual sales jumped in 2018 but the company swung to a pre-tax loss of £608k due to rising costs
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Branston owner Mizkan Euro expects redundancies after losing key contract
Branston pickle and chutney maker Mizkan Euro has announced the loss of a “significant” private brand contract that will likely result in a programme of redundancies
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Imperial Tobacco warns of vaping crackdown hit on profits
Imperial Brands has warned investors that a “challenging” US market for vaping products and weaker than expected performance in its Africa, Asia and Australasia business will hamper full year revenue and earnings growth.
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City snapshot: Sainsbury’s stems sales slowdown amid store estate shake-up
Sainsbury’s has posted a small 0.2% drop in second quarter like-for-like sales (ex fuel), while announcing it plans to axe as many as 125 stores across its supermarkets, convenience stores and Argos outlets amid 200 openings.
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Fentimans profit growth hit by sugar tax and Brexit stockpiling despite sales jump
The premium soft drinks producer saw gross profits rise 14% last year but the growth was softened by costs associated with the sugar tax and Brexit stockpiling
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Henderson Wholesale reports rocketing sales and profits
The company-owned stores division, Henderson Retail posted a 12% increase in turnover to £384m and a 12.9% jump in pre-tax profit to £8.7m
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City snapshot: Hotel Chocolat annual sales and profits jump amid global expansion plans
Hotel Chocolat has shrugged off “economic headwinds” on the UK high street to post a 14% full year sales surge and a 9% rise in underlying earnings. Plus, sales and profits drop at AG Barr after “disappointing” first half and all the rest of the latest news from the City.
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Grenade sales soar as protein bar popularity continues
The “continued success” of its range of protein bars, shakes, spreads and biscuits boosted sales by 30% to £37.6m in 2018
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Aldi results: what next as sales rise and profits fall?
There’s no sign of shrinking confidence as Giles Hurley sets out the way forward, from his Aldi Local plans to overtrading
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Comment & Opinion
Are Aldi’s lower profits really such a bad thing, PR-wise, in these uncertain times?
Aldi isn’t bothered by short-term shareholder concerns. It’s investing in the future