All Financial Results articles – Page 262
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... as Sir Terry reports £2.2bn profit
Tesco reported record profit this week of £2.2bn, but its growth in recent months slowed to its lowest in four years. Tesco chief Sir Terry Leahy admitted that it was now growing slower than some of its competitors, following...
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In Brief: Northern rumours; Sale closer; Bleak house 2; Living for Scots; Tobacco profit up
Northern Foods could be planning to sell its biscuits business Fox's Biscuits. Reports suggest the company could be planning to sell its bakeries and flour mills division, which includes Fox's Biscuits. The division recorded sales of...
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C-store shoppers push Centra sales over E1bn
A change in the Irish lifestyle helped sales at Musgrave’s Centra franchise chain break the E1bn barrier for the first time last year.Reporting sales of E1.035bn, a 14% increase, Centra managing director Donal Horgan told a group national...
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Irish MPs calling for profits probe
An Irish parliamentary committee has called for an official study to establish the profits made by multiples in the Republic’s l7bn-plus grocery market, and which are not disclosed by the major chains, Tesco, Dunnes and Superquinn. As part of...
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Irish retailers’ profits soaring
Profits in the Republic of Ireland’s wholesale and retail grocery sector may be higher than 11.3bn a year, according to the Department of Finance.It is the first official estimate, as the major supermarkets – Tesco, Dunnes, Superquinn, Aldi and...
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Tates’ fresh look boosts sales
An initiative to boost fresh produce takings in Spar stores has resulted in a sales uplift of almost a third in 12 months.Central Meridian Spar wholesaler AF Blakemore undertook a “root and branch overhaul” of its fresh produce offer last...
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M&S shares moving fast
Shares in troubled retailer Marks and Spencer are rocketing amid rumours that Icelandic retail specialist Baugur could be building a 3% stake in the company.Reports in the City suggest that an Icelandic group has been building a stake in the...
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Sales dip at Somerfield
Somerfield revealed today that its group like-for-like sales slipped by 0.4% in the 53 weeks to end April 30 after a difficult second-half.Group sales were up 0.6% in the first half on a like-for-like basis, but fell by 1.5% in the second...
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Irish call on chains to disclose profits
Tesco may be among a number of retailers forced to disclose how much profit they make in the Irish Republic, under new proposals aimed at finding out if consumers get a fair deal.In a report to government, a parliamentary committee...
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Geest profits reach £34.4m while takeover looks likely
Convenience food manufacturer Geest has announced pre-tax profits of £34.4m for the year, which coincides with its recommendation that its shareholders accept a takeover bid from Icelandic food group Bakkavor, which values the convenience food…
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Disappointing festive sales for independents
Tesco may have posted record sales but the Christmas period wasn’t half as cheery for the independent retailers quizzed in our latest survey. Ninety per cent said Christmas was poorer or the same as previous years, with only a handful feeling...
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Supervalu reports rise in profits
US grocery retailer Supervalu has reported a 33% increase in its net profits to $64.9m for its third quarter to 4 December 2004, compared to $48.6m the year before. Sales for the quarter totalled $2.4bn, flat with the previous...
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Reckitt Benckiser records successful results
Reckitt Benckiser, household products manufacturer, reported stronger than expected results with a 15% increase in operating profit for its third quarter to £197m and an increase in net income of 23% to £151m.The company stated that the...
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Coles Myer expects strong full-year results
Coles Myer, the Australian supermarket retailer, is expected to report strong annual profits this week, aided by high consumer spend, cost cutting and a discount fuel offer, according to media reports.The company has also recently revamped...
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Coca-Cola profits hit by poor US sales
Coca-Cola warned yesterday that its sale for the second half of the year would disappoint investors.It blamed miserable weather and weaker sales in the American market for its poor performance.Shares fell 5% to a 16-month low on the New York...
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Coles Myer has strong fourth quarter
Australian supermarket and department store operator Coles Myer has released strong fourth quarter sales results.Turnover for the 13 weeks to 25 July increased 28.1% to A$8.6bn (£3.35bn), pushing annual sales up 19.4% to $32.3bn...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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How Grimsey will tackle sales falls
Big Food Group has pledged to drive up operational efficiency at Iceland after another quarter of negative like-for-like sales growth.Posting a 1.7% drop in like-for-like sales at Iceland and a 1.1% drop at Booker in the 13 weeks to July 2,...
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The profitable paper chase
Is Morrisons about to jettison one of grocery’s most effective marketing tools? Robert McLuhan reportsFour years ago Safeway raised eyebrows when it dropped its loyalty card and national advertising in favour of door-to-door...
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John Henderson hires Doody as sales director
John Henderson, the Northern Ireland Spar wholesaler, has appointed a new sales director charged with growing its franchise business.Based at John Henderson’s head office at Mallusk, Co Antrim, Patrick Doody will develop and implement a...