All Financial Results articles – Page 244
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NewsParfetts turnover tops £300m as exports and retail club shine
A boost from exports and membership of its Go Local retail club have helped AG Parfett & Sons break the £300m turnover barrier.
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Comment & Opinion
Ocado clears the fridge when it should be basting the turkey
The timing of Ocado’s profits warning couldn’t have been worse, laying out for all to see the extent of its…
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NewsGlanbia warns of global dairy slowdown
Glanbia has issued a robust assessment of trading for the year to date, but warned of weakening demand globally for dairy products.
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NewsBrits to spend £33bn on festive food
UK shoppers will splash out £1bn more on Christmas than they did last year, despite the squeeze on consumer spending…
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NewsImperial profits grow again despite sliding tobacco volumes
Imperial Tobacco relied on growth in emerging markets as profits improved by more than 4% over the past year. Operating profits at the Lambert & Butler maker grew to £2.64bn, while price hikes contributed to a rise in total sales of 3.7% to £29.22bn.
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NewsRecord UWS profits hit by £1m legal bill
United Wholesale (Scotland) incurred an exceptional charge of more than £1m in legal costs covering the successful appeal against the conviction of former MD Athif Sarwar for money laundering. Accounts published this week at Companies...
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NewsProfits up a quarter at Home Bargains operator TJ Morris
TJ Morris has posted operating profits of £57.5m for the past year. The figure, for the 12 months to 30 June, represents an increase of 24% over the previous year. Turnover at the discount retailer, which trades as Home Bargains, hit £721m.
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Comment & Opinion
Tesco's fighting talk
Philip Clarke today had the unfortunate task of unveiling what many have described as Tesco’s worst interims for 20 years, despite a tidy rise in profits across the group.
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News‘Mindless munching’ sees sweet sales soar
Brits have munched their way through 120 million more boxes, bags and bars of sweets and chocolates in the past year. Supermarket sales of sweets soared almost 5% year-on-year to a whopping 2.9 billion packs, while the value of the market…
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NewsThe Green Issue 2011: YouGov food waste survey results
An exclusive poll carried out by YouGov on behalf of The Grocer has shed new light on the attitudes and habits of shoppers when it comes to food waste and recycling.
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News
Indie tobacco profits hit by falling margins
Tobacco companies are undermining "the viability of independent retailers" by steadily chipping away at their margins, a leading wholesaler has warned.Figures seen by The Grocer show the trade margin shared between the wholesaler and...
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Comment & Opinion
Peter Marks' very long game
Peter Marks, boss of The Co-operative Group, declared this morning that trading conditions were “the worst” he had seen “in over 40 years of retailing”.
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NewsNon-traditional sales help DCS growth spurt
DCS Europe has reported record sales as it continues to attract customers beyond its traditional cash & carry base. Sales in the year to 31 December 2010 rose by 6.4% to £126m, accounts filed this week at Companies House revealed….
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NewsP&H appoints sales and commercial director
Wholesale giant Palmer & Harvey has appointed Martyn Ward as its new sales and commercial director. Ward starts on Monday and replaces commercial director Peter Austen, who last month announced his intention to leave the wholesaler.
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Comment & Opinion
Balance of power may soon shift in suppliers' favour
The protracted sale of Iceland looks like giving analysts and media commentators lots more opportunities to comment on the space…
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News
Bibby acquisitions fuel record results in 2010
Costcutter's owner Bibby Line Group has posted record annual results on the back of three acquisitions in its distribution arm.Operating profits rose 46% to £40.8m on sales up 6% to £1.16bn in the year to 31 December, while Bibby...
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NewsProfits slip as Heron opts to reduce debts
Pre-tax profits at frozen food discounter Heron Foods fell to £7.05m last year, down from £7.77m, accounts at Companies House have revealed. Accounts for the year to 25 December 2010 revealed the chain, which has 180 stores, closed a...
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NewsA million more shoppers a week drive surge in Sainsbury’s profits
Sainsbury’s has unveiled surging profits for the past year after seeing a million extra customers a week pass through its tills. Pre-tax profits at the supermarket giant grew by 12.8% to £827m in the year to 19 March.
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NewsMenzies ups profits despite latest newspaper decline
Menzies Distribution has reported increases in full-year sales and profits despite being hit by last winter’s poor weather conditions. Operating profits in 2010 rose 3.2% to £28.8m, on sales up 4% to £1.3bn, buoyed by contract wins following the demise of Dawson News.
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NewsSales VP Deste to leave after two decades at CCE
Coca-Cola Enterprises vice president of sales and customer development Ian Deste is leaving his role following 20 years with the soft drinks giant, The Grocer can reveal. Deste has been a key member of CCE's top team during a successful...