All Financial Results articles – Page 18
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News
City news: AG Barr shares hit despite stellar growth
Shares in AG Barr suffered this week despite the Irn-Bru maker posting stellar annual growth, as investors reacted to the impact of investment on margin recovery
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News
Morrisons boss hails gathering momentum as sales turn positive
Morrisons has halted declining sales in its first quarter, with CEO David Potts declaring that ‘momentum in the business is now building’
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News
City snapshot: Supermarket Income REIT grocery portfolio value drops by £250m amid rising rates
Supermarket property investor Supermarket Income REIT has seen the value of its portfolio drop by almost £250m over the past six months amid rising UK interest rates
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News
Asda owners the Issa brothers announce ‘resilient’ full year results
Owners the billionaire Issa brothers said its investments in price reductions and the launch of its Just Essentials budget range had proved a drag on profits
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News
City snapshot: Chapel Down sales fizz as it shifts record volumes of premium sparkling wine
English wine maker Chapel Down has registered a record year as sales of traditional method sparkling wine boomed.
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News
Boots posts double-digit growth after strong Christmas sales
Pharmacy chain Boots has posted double-digit growth in its second quarter, driven by strong Christmas trading and beauty sales
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News
Ocado Retail sales edge up on pricing and increased customer numbers
The online retailer’s first quarter revenues were up 3.4% year on year to £584m
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Comment and Opinion
The emotional and financial reaction to JLP employee ownership plans
Proposals to rip up JLP’s long-standing 100% employee ownership model have whipped up a media storm
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Comment and Opinion
Just how desperate is the situation at the John Lewis Partnership?
The leak about sales discussions has blindsided many partners, not to mention rivals and City sources
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Analysis and Features
Unpicking the failures that led to a £234m loss at Waitrose and John Lewis
After posting huge losses, Sharon White has rung the changes, promising more cuts. Even its hallowed mutual status is under review
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News
City snapshot: C&C Group profits rise despite ‘challenging trading backdrop’
Drinks supplier C&C Group has announced its full year profits will be in line with revised expectations and it will recommence dividend payments despite a ‘challenging trading backdrop’
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Comment and Opinion
Why have Fever-Tree’s sales fallen? And how is it planning to get them back?
Fever-Tree is worth less in grocery than in 2019
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News
City snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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News
Home Bargains revenue climbs following opening of 20 stores
Operating profit fell from £394m to £290m despite 2% rise in turnover to £3,419m
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News
Ella’s Kitchen growth soars as babyfood sector bounces back
Revenues soared 17.9% to £85.8m in the year ended 30 June 2022, according to newly filed accounts.
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News
Waitrose to expand convenience network amid declining online sales
Waitrose saw sales fall 3% to £7.3bn in the 12 months to 28 January, driven entirely by declining online sales
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News
Brakes losses reduced to £57.2m after post-pandemic recovery
Newly filed accounts for Brake Bros, which include its parent company Sysco’s operations in Sweden and France, showed pre-tax losses had reduced by £161m
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News
City snapshot: John Lewis Partnership swings to £234m loss as it warns of job cuts
The John Lewis Partnership has plunged to a £234m loss on property writedowns and a drop in core profitability at both retail brands, while warning of future job cuts and declining to pay a staff bonus
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News
Oatly shares surge on profitability promises and better end to 2022 than expected
Shares in Oatly have surged thanks to better-than-expected annual figures, promises of a future profit and $425m of new financing. CEO Toni Petersson said the group was ”well-positioned to start playing offence in 2023”.
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News
City snapshot: Virgin Wines launches ‘full business review’ after sales and profits plunge
Online wine merchant Virgin Wines has launched a ‘full business review’ as pressure on consumer spending hit first half sales and profits. Plus, Sainsbury’s buys £430m property portfolio and Eagle Eye upgrades earnings expectations