All Financial Results articles – Page 108
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NewsCity snapshot: Hotel Chocolat suffers trading hit from Easter closures
Hotel Chocolat has suffered a “material” impact on trading after being forced to close all retail stores ahead of Easter, the second largest seasonal peak for the business.
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NewsSainsbury’s not yet ‘in the money’ despite coronavirus sales uplift
Mike Coupe’s final results as Sainsbury’s boss firmly dispelled any notion the supermarket is finally “in the money” as a result of the coronavirus-induced grocery sales surge.
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NewsPosh crisps maker Kettle slashes losses ahead of sale to Valeo
Premium crisps manufacturer Kettle Foods has cut its losses by over 85% in the year ahead of its sale to Irish food giant Valeo
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NewsSainsbury’s optimistic profits will hold despite £500m coronavirus hit
CEO Mike Coupe has presented a positive forecast for the 2020/21 financial year
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NewsCity snapshot: Sainsbury’s defers dividend amid £500m coronavirus hit
Sainsbury’s has deferred its final dividend amid the “significant impact” of the coronavirus outbreak on its business, which it expects to generate £500m of extra costs. Plus, on a busy morning, updates from Reckitt Benckiser, Carlsberg, M&S, C&C Group and British American Tobacco.
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NewsHeck hails 12% sales rise after boost in supermarket distribution
The Yorkshire-based business saw sales grow by £2.5m to £23.6m for the 12 months to 31 July 2019
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NewsUnilever sees 2020 sales growth clobbered by coronavirus
The consumer giant’s sales growth for the first three months of the year fell back to zero
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NewsPremier Foods shares rise on ‘elegant’ pensions restructure and coronavirus sales boost
The Mr Kipling producer revealed the results of its year-long strategic review on Monday…
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NewsBooming food sales drive Co-op annual profits jump
The Co-op has posted a 50% hike in underlying profits, driven by strong growth in its grocery business
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NewsCity snapshot: Nestlé sales fall as coronavirus hits Chinese trade
Nestlé has reported a 6.2% sales drop in the first quarter of 2020, as stockpiling in the US and Europe failed to offset a slump in the Chinese market
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NewsUnilever sales fall flat amid ‘unprecedented impact’ of Coronavirus outbreak
Unilever’s underlying sales growth was flat in the first quarter amid a significant hit to its emerging markets business and sales of ice cream due to the coronavirus outbreak.
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NewsCity snapshot: FeverTree annual sales rise 10% but coronavirus impact will be ‘material’
FeverTree annual revenues surged but the company expects “material impact” from the coronavirus pandemic. Plus, Glanbia’s 2020 sales rise but it withdraws full year guidance and all the rest of the latest news from the City.
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NewsABF takes £284m coronavirus stock writedown but grocery shows strong profit growth
Associated British Foods has posted a significant fall in first half profits as it was forced to take a £284m writedown on Primark stock, but the rest of its business continues to perform despite the pandemic. Plus, Danone shows solid Q1 growth but withdraws full year guidance and all the rest of the latest news from the City.
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NewsCity snapshot: Premier Foods completes strategic review with pensions restructure
Premier Foods reaches “transformational” agreement with its pensions schemes, completing the strategic review announced over a year ago
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NewsCoronavirus: Plant-based startup THIS sees supermarket sales double amid lockdown
This was despite many vegan and plant-based items being left on shelves
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NewsCity snapshot: Carr’s Group reports ‘resilient performance’ with no material coronavirus impact
Agriculture and engineering group Carr’s (CARR) has reported a ‘resilient performance’ in the first half of its financial year and reassured the market the current coronavirus crisis has not had a material impact on its trading.
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NewsOrnua enjoys strong 2019 but warns of coronavirus impact on business
Ornua said the coronavirus crisis would negatively impact its business and ’severely impact market sentiment’
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NewsCity snapshot: Diageo suspends share buyback scheme and withdraws financial guidance
Global spirits group Diageo has suspended its £4.5bn share buyback scheme and withdrawn financial guidance for its 2020 financial year, though it will still pay an interim dividend. Elsewhere, Naked Wines and Distil see coronavirus trading boost, Supermarket Income REIT looks for cash to fund acquisitions and all the rest of the latest news from the City.
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NewsAG Barr profits fall as it warns of coronavirus impact on 2020
Irn-Bru maker AG Barr has posted a 17.3% slump in annual pre-exceptional profits and warned of a “material” impact on trading from the coronavirus outbreak.
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NewsCity snapshot: Tesco boss Dave Lewis warns of coronavirus costs as he defends dividend payout
Tesco boss Dave Lewis today defended plans to award a £900m dividend to shareholders, as he warned the cost of the coronavirus crisis could be as much as £1.2bn for the retailer if it drags on beyond October.