All Financial Results articles – Page 260
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NewsBargain Booze profits from growth of mults
Bargain Booze claims the growth of Tesco Express has helped it to expand its own stores as independent retailers seek a value symbol group that competes on price. The company has opened 60 stores in the past year, many of which it said had...
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Cadbury sales up as chocolate defies credit crunch
Strong sales have helped Cadbury to an encouraging set of full-year results, but warned growth would be at the lower end of its 4-6% growth targets.
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New Netto chief aims to accelerate sales growth
Charles Kay has replaced Richard Lancaster as MD at Netto, The Grocer can reveal.The former European trading director for AMS Sourcing, an international buying group with 11 members including Morrisons and Netto’s parent company Dansk, has...
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Somerfield reports sales growth of 3.7% for Christmas period
Somerfield has emerged as a surprise Christmas winner, posting like-for-like sales growth of 3.7% in the three weeks to 3 January. The figure, which is well ahead of Tesco's 2.5% growth, comes despite a smaller marketing budget than its...
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Fast forecourt work helps boost profits of Snax 24 by 40%
"Speedier shoppers" have helped forecourt operator Snax 24 boost its full-year pre-tax profit by nearly 40% and sales by nearly 20%.Snax 24 group MD Bill Ahearn said sales rose 19% to £228.8m and pre-tax profit by 39% to £3.5m in the year to...
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Greencore hails ‘resilience’ as results conclude costs fiasco
Greencore chief executive Patrick Coveney has hailed “a resilient response to a challenging year” after the convenience food giant announced a rise in sales of 13% to €1.31bn.
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Bakkavör profits less than interest payments on debt
Bakkavör has not made enough money in the past three months to cover the interest payments on its £1.5bn debt and other liabilities, the latest quarterly results reveal.The ready-meals maker, which is a major supplier to M&S, made operating...
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Record sales but profits collapse at Robert Wiseman
Despite rapid sales growth for its healthy ‘the One’ range, rising costs and investment in its new Bridgwater dairy meant profits at Robert Wiseman Diaries fell by more than a third over the last six months.
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Kingsmill helps ABF shrug off sugar slump as sales soar 21%
An "enormously encouraging" improvement at its Allied Bakeries subsidiary capped a strong performance by manufacturing giant Associated British Foods - to offset increased costs at its European sugar business.
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3663 results bruised as consumers eat out less
Foodservice giant 3663 First For Foodservice is feeling the effects of the credit crunch as people cut back on eating out. The wholesaler’s profits have levelled off over the past year and are not expected to improve greatly in the year...
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Sales dip 6% but profits up at Roys
Independent retailer Roys of Wroxham has reported a 5.8% dip in full-year sales. Sales fell from £47.7m to £45m in the year to 26 January following the closure in 2007 of the retailer’s store in Bury St Edmunds, Suffolk, according to accounts filed...
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Rain and smoking ban cut Costco profits 24%
Bad weather, the smoking ban and cost pressures led to a 24.2% fall in pre-tax profit at Costco Wholesale UK, according to the latest accounts. Full-year pre-tax profit fell from £22.3m to £16.9m in the year to 2 September, 2007, on...
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Tates posts record profit as it heads for 250 stores mark
Leading independent retail chain Tates is riding high after announcing a record £5.4m profit for the year to April. The Spar retailer, number four in The Grocer's Top 50 ranking of the UK's biggest independent retailers, generated £275m...
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Henderson Group profit soars by 10%
Northern Irish Spar wholesaler Henderson Group has reported a 10.1% increase in pre-tax profit to £9.8m last year on sales up 8.3% to £407m for 2007.Henderson said wholesalers and independents in the province were coming under fiercer...
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Associated British Foods results expected
Associated British Foods is expected to post a pre-tax profit of around £282m, up from £268m, when it unveils its half-year results tomorrow (Tuesday).Analysts are expecting strong performances from its grocery business, British Sugar unit...
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Supermarket shares fall
Shares in Tesco, Sainsbury's and Morrisons fell yesterday after analysts warned the chains could struggle to hit sales expectations.“Consensus forecasts appear to assume that Tesco, Sainsbury and Morrison will all continue to grow UK sales...
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'Ban on cheap alcohol will boost shop profits'
A ban on below-cost alcohol sales would not curb binge drinking, the Irish Competition Authority has warned - it would only end up lining the pockets of the supermarkets.In a submission to the special advisory group preparing...
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Dobbies issues profits warning
Dobbies garden centre has issued a profit warning just five days after Tesco gained control of the 21-strong chain.The Scottish gardening group, in which Tesco now has a 53% stake, said rain had hit sales of garden furniture, plants and...
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Profits drop for McMullen's
Hertfordshire-based brewer and pub group McMullen's has reported a drop in profits after a "challenging year" that saw rises in energy costs, the minimum wage and property rates. The company saw profit before tax drop to £7.4m in...
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Punting for profit
On the morning of 22 November 2003, 63 million pints were sunk as Jonny Wilkinson dropped that now immortal goal to win England the Rugby World Cup. Four years later and pubs have every chance of beating that figure - starting on 7 September and…