All Financial Results articles – Page 16
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NewsCity snapshot: Just Eat to delist from London Stock Exchange
The move is a blow to the UK government which launched “the biggest set of reforms to listing rules in over 30 years” earlier this year to try and reinvigorate the country’s capital markets. Also, Pet at Home sales stutter amid an “unusually subdued” pet retail market
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NewsTunnock’s profits rebound despite cocoa shortage
Tunnock’s, the maker of its eponymous teacakes and caramel wafers, saw profits rebound last year despite high ingredients costs continuing to weigh on its bottom line
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NewsCity snapshot: Cranswick poised for strong Christmas as first-half volumes deliver results
Cranswick is set up for a strong Christmas after the meat processor reported volume-led growth in the first half. Plus, vape maker Supreme reports interims, Compass Group presents annual results and the latest BRC-NielsenIQ Shop Price Index
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Comment & OpinionAllan Leighton: can Asda’s comeback kid do it again… at 71?
After a 25-year absence, Allan Leighton was met with a rapturous reception on his return to Asda. Is he the shot in the arm it needs?
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NewsNestlé turnaround plan gets muted market reaction
Nestle’s share price has sat in the doldrums of late and is down 23% since the start of the year
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NewsCity snapshot: PZ Cussons steadies ship after Nigerian turbulence
Ahead of its AGM later today, PZ Cussons said it expects 5% like-for-like revenue growth in the first half of its financial year, largely led by growth in the UK. Also, Tereos profits fall due to lower prices for sugar and sweeteners.
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NewsLidl boss urges government to ‘see sense’ over £7bn in costs heaped on retail
Ryan McDonnell spoke as Lidl announced its latest full-year results
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NewsMarketing uplift of £20m drives revenue growth at Britvic
Advertising and promoting to drive awareness and trial had been a key factor in performance, said Britvic GB managing director Paul Graham
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NewsCity snapshot: Lidl swings back to profit as shoppers switch from rivals
Lidl has bounced back into the black in the UK as shoppers switched more than £500m of spending to the disctounter from rival supermarkets. Plus, annual results from Britvic, UK inflation jumps by more than expected and Gusbourne partners with Enotria&Coe
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NewsCity snapshot: Nestlé to spin off bottled water and cut costs by another £2.2bn as part of new action plan
Nestlé will spin-off its bottled water business as part of new plans for turning around the ailing food giant revealed ahead of today’s Capital Markets Day for investors and analysts. Plus, full-year results from Imperial Brands
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NewsHuel sales and profits surge as UK expansion plans revealed
This year has been ‘transformative’ for Huel, according to its CEO
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NewsCity snapshot: Nomad Foods downgrades profit guidance due to technical disruption
Nomad’s sales were hit by ERP disruption, the software used by companies to organise their operations that is notorious for causing problems. In 2021, similar issues at Walkers led to a multi-month crisp shortage.
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NewsWH Smith’s profits surge on travel growth
Profits from shops in the UK’s railway stations, airports and hospitals rose by 20%
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NewsBudget tax raid ‘not significant for us’, says Premier Foods CEO
Premier has estimated the cost of the changes and says ‘it’s not a huge number’
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NewsCity snapshot: Premier Foods boosted as shoppers switch back to brands
Premier Foods has grown first-half sales supported by double-digit volume growth as consumers switched back to brands. Plus, annual results at WH Smith and interims at B&M Bargains
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NewsMorrisons own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsKestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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NewsBurts Snacks slips into the red due to acquisition costs
The company’s sales continue to perform strongly, however, with revenue up 11%