All Financial Results articles – Page 259
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NewsNestlé completes Alcon eyecare sale to Novartis
Nestlé has concluded the $28bn sale of its majority stake in eyecare business Alcon to Novartis.
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Dairy Crest and Wiseman post strong profit growth
Two of Britain's largest dairy companies have reported sharp uplifts in profits, raising hopes the outlook for the dairy market is starting to improve.In the past week, processors Dairy Crest and Robert Wiseman have both announced...
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NewsABF hails Kingsmill's Little Big Loaf for profits boost
Kingsmill maker Associated British Food’s pre-tax profits rose 4% to £655m for the year to 12 September.
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Former Greencore director to head up sales team at Lyons
Former Greencore commercial director Jonathan Hodgson is to lead the sales team at seafood supplier Lyons Seafood.Hodgson brought 22 years of experience in the food and drink industry to the role and was perfectly placed to drive Lyons'...
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Organic lines cut by a third as sales fall
Plummeting organic sales have led Tesco and Asda to slash the number of organic lines stocked by at least 30%, exclusive data reveals.Tesco, which just two weeks ago pledged to support the category's recovery, has cut the number of...
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Efficiencies drive up profits at JW Filshill
Scottish wholesaler JW Filshill has increased its pre-tax profits by 7% to £2m, despite a sales growth of just 1% to £163m.The increased profitability in the year to January 2009 was brought about by driving unnecessary cost out of the...
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TJ Morris set to hit £1bn barrier target early as profits leap 28%
TJ Morris is expecting to break through the £1bn sales mark two years earlier than expected after reporting a massive hike in full-year sales and profits.The north of England-based discounter, which trades as Home Bargains, had aimed to...
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Profits twice as nice for BA Cash & Carry
Full-year pre-tax profits have more than doubled at Welsh wholesaler BA Cash & Carry.Profits jumped 101% to £282,262 in the year to 28 February, the Landmark Wholesale member revealed in accounts filed at Companies House. Sales rose...
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Half of dairy farmers say their profits have fallen
More than eight out of 10 dairy farmers say profits have fallen or remained static over the past year.Some 53% of farmers reported a decline in profits, with 31% saying profits had remained unchanged in the study by the Royal...
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P&H increases tobacco sales by 5.7% to £3.2bn
Palmer & Harvey's sales increased 5% to £4.23bn in the year to April, with tobacco sales up 5.7% to £3.2bn.However the wholesaler said it made just £500,000 pre-tax profits in the same period, leaving it with a margin of 0.01%.
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JJ’s profits £3m higher than forecast
JJ Food Service has made a profit nearly £3m higher than predicted. Pre-tax profits at the London-based food specialist fell 3% to £8.3m for the year to March, but this was £3m more than expected following a period of major investment in the...
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Cook franchisees set for bumper profits
Cook franchisees could earn more than £40,000 in their first year of trading, the frozen ready meals retailer has claimed. The chain laid out plans in April to allow other businesses to run Cook-branded stores and last month revealed that its...
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JJ takes hit to online profits as it bids to 'revolutionise business'
Incentivising customers to use its new online ordering service is expected to have wiped almost a third off JJ Food Service's profits.Sales for the year ending April 2009 were expected to have risen 10% to about £130m. But pre-tax profits...
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NewsProfits down but Greene King grabs market share
Brewer and pub operator Greene King has posted a 15% drop in full-year group pre-tax profits to £118.5m, on sales up 1.3% at £954.6m.
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Hall buys plant to lift retailer sarnie profits
Spar wholesaler James Hall & Co has bought a sandwich factory to supply Spar stores in the north of England, cutting Greencore out of the chain.Hall has spent more than £1m buying the plant in Blackpool and seven lorries to help deliver the...
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Baker profits from local touch
A decade after MJ Baker Foodservice started trading, the wholesaler is boasting an impressive 11% pre-tax profit margin by staying true to its roots. Peter Cripps reports
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NewsRetailers reap 90% of trade promotion profits
Retailers pocket 90% of the profits generated by trade promotions, despite manufacturers spending £8bn a year funding the deals.
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Sales at caterer Compass hit by rising unemployment
Catering giant Compass is expected to announce a fall in UK sales for the past six months.
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AG Barr energised by Irn-Bru but water sales dry up
Fizzy drinks fuelled solid growth in profits for soft drinks group AG Barr, despite a flat performance by waters, juices and smoothies.
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NewsSainsbury’s celebrates strong fourth quarter
A strong final quarter has helped Sainsbury’s to report a rise in like-for-like sales of 4.5% for the past 12 months, the supermarket announced today.