All Financial Results articles – Page 19
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News
City snapshot: EG Group reports ‘resilient’ 2022 as it sells off chunk of US sites for $1.5bn
Forecourt giant EG Group has delivered “a highly resilient” performance in 2022 despite the challenging macro-economic environment. The group also announced a $1.5bn sale and leaseback on a portfolio of sites on the east coast of the US to help reduce its mountain of debt
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News
City snapshot: World Cup helps Domino’s Pizza Group score record Q4 orders
Domino’s Pizza Group has increased annual sales after an “outstanding” performance in the final quarter, boosted by a rollout on Just Eat and the World Cup
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News
City snapshot: Bakkavor pushes revenues beyond £2bn but soaring costs weigh on profits
Bakkavor has reported a “robust” annual performance as like-for-like revenues exceeded £2bn but profits were weighed down by inflationary headwinds totalling more than £200m
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News
HelloFresh sales hit record highs in 2022 but shares sink as it guides for slower growth
Revenues at HelloFresh hit a new record of €7.6bn in 2022 as it shipped more than one-billion meals to customers
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News
Premier Foods shares soar on surprise profits upgrade
The group said, in a short unscheduled trading update, that it had continued to trade “strongly” in recent weeks, building on the momentum of the third quarter
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News
City snapshot: Record store openings drive sales boom for Greggs
Revenues at Greggs have soared as the high street bakery chain opened a record number of new shops in 2022
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News
City snapshot: Haleon boosted by strong ‘power brands’ growth in debut annual results
Consumer health group Haleon has posted a double-digit revenue and profits jump in its first annual results as a listed company
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Comment and Opinion
Sainsbury’s Argos job cuts are unfortunate, but not unexpected
CEO Simon Roberts has been busy identifying savings as part of his ‘save to invest’ strategy
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News
Vimto maker Nichols back in the black but inflationary pressures persist
Soft drinks group Nichols has returned to the black thanks to a 14.3% jump in sales, with Vimto selling particularly well overseas. However, chairman John Nichols warned ongoing inflationary pressures continued to make life difficult in 2023.
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News
Heura sales boom as it grows UK distribution for plant-based brand
In 2020 just 6% of sales occurred outside of Spain, while this number hit 12% in 2021 and 23% in 2022.
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News
City snapshot: Profits and sales jump at Reckitt as prices rise
Annual revenues at Reckitt Benckiser have increased 9.2% to £14.5bn as the Dettol to Durex owner increased prices by almost 10%. Plus, the latest BRC shop price index, and annual results from Vimto owner Nichols, Just Eat Takeaway and Glanbia
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News
Household goods player McBride points to further price hikes as it cuts losses
Private label househole goods manufacturer McBride said it had delivered a first half performance in line with its business recovery plan, despite facing a further spike in costs in the period
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News
City snapshot: Ocado shares slump as annual loss hits £500m
Ocado has posted a statutory loss of over £500m after a slowdown in its retail operations, sharply rising costs and one-off charges hit its bottom line. Plus, Kantar finds grocery inflation hits new high, profits and sales up and Kitwave and McBride posts first half recovery
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News
City snapshot: ABF issues profits upgrade as inflation steadies
Associated British Foods has lifted its profit forecasts for the year as inflation becomes less volatile and commodity costs start to decline. Plus, DX group reports strong first half
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News
City News: Mixed feelings on Danone’s turnaround progress
Danone shareholders were boosted this week by better-than-expected end of year numbers, but debate remains over how far along the dairy giant is on the path to turnaround
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Analysis and Features
Why it's so hard to prove profiteering and greedflation in food
Questions have been raised about the legitimacy of supplier price increases. But margins at major fmcg giants are almost universally in decline
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News
City snapshot: Price hikes mitigate sales volume drop at Nomad Foods
Frozen Foods specialist Nomad Foods grew sales to almost €3bn last year as acquisitions and price growth mitigated a fall in sales volumes
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News
City snapshot: Supermarket Income REIT sees portfolio valuation drop as interest rates bite
Listed supermarket property investor Supermarket Income REIT saw the valuation of its portfolio drop by double digits amid steeply climbing interest rates and wider economic slowdown
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News
City snapshot: Price rises lift sales at Danone but margins fall on higher costs
Danone has boosted annual revenues on the back of higher prices but soaring costs squeezed the French food group’s profit margins. Plus, a pre-close trading update from Science in Sport.
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News
City Snapshot: Finsbury Food Group ‘encouraged’ by double-digit first half growth
Finsbury Food Group has posted an ‘encouraging’ first half performance as pricing drove revenue growth and profits were flat as margins reduced due to cost inflation