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All Financial Results articles – Page 2
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year
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NewsTesco boss Ken Murphy admits rivals have ‘upped their game’ in supermarket price war
Tesco’s sales hit £12.3bn in the quarter as its market share climbed to 28% in the latest Kantar results.
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NewsTesco wins more market share as Finest range goes from ‘strength to strength’
The rise in sales beat City expectations, with Tesco highlighting a strong performance from its premium Finest range
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NewsVK and Hooch owner Global Brands suffers sales hangover from introduction of lower abv for its alcopops
Global Brands reduced the abv of its alcopops so it could pay a lower tax rate
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NewsMedia Bites 10 June: consumer spending, spending review nerves, e-cig flop
Today’s food and drink headlines are dominated by the doom and gloom of new figures showing families are cutting back on spending in the shops in their droves
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NewsMash Direct back in the black after ‘reset with purpose’
Mash Direct grew sales to just under £24m in the 10-month period to 31 December 2024, according to its latest accounts
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Comment & OpinionWhat is the outlook for B&M as profits continue to fall?
B&M’s full-year earnings may be in line with its downgraded forecast, but investor patience is wearing thin as analysts wait for the new boss to get stuck in
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NewsBrown-Forman forecasts sales and profit declines citing tariffs
Brown-Forman is less exposed to tariffs than other booze suppliers as it has a large US production presence
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NewsB&M’s share price down 16% after recognition of poor performance
The retailer’s difficulties have caused its share price to halve since the end of 2023
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NewsFever-Tree’s US expansion undeterred by Trump’s tariffs
Fever-Tree sold an 8.5% stake to Molson Coors in January as part of a strategic partnership to expand across the US
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NewsNorthern Monk surge continues but cash remains tight
The company said that, as is common with growth-stage businesses, it is not yet profitable and is funded by private equity
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NewsRémy Cointreau abandons 2030 sales target amid tariff uncertainty
Tariff uncertainty and a slowdown in US spirits have hit sales and profits at the French spirits group
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NewsWH Smith to complete sale of high street stores within weeks
In a trading update, WH Smith gave a picture of what the slimmed-down company will look like in future
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NewsB&M admits it must do better as profits slump
Former CEO Alex Russo stepped down in February after the company issued a profit warning
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NewsMicroSalt hails ‘transformational year’ as fmcg giant signs up
MicroSalt said it has started receiving ‘regular and repeating’ orders from ‘one of the world’s leading food and beverage companies’
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NewsCharlie Bigham’s profits soar from growing brand awareness
Revenues at the company rose 8.8% to £144.3m in the year to 31 August 2024 as volumes jumped by the same amount
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NewsBulmers owner C&C Group pleases shareholders with return to profitability
The cidermaker’s share price sank by about 18% in March after it said its annual earnings would miss expectations
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NewsAdnams losses shrink but debts remain ‘unsustainable’
Despite some disposals, Adnams’ net bank debt reduced by just £600k to £15.3m last year
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NewsEG Group profits sink due to ‘adverse weather’
Fuel volumes fell 2.9% due to problems in the US and Germany, plus reduced demand in Australia
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NewsFox’s Burton’s reaps rewards of merger to boost profits
Fox’s Biscuits and Burton’s Biscuits merged in early 2022 after both being acquired by Ferrero