All Financial Results articles – Page 263
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Sharing new ways of giving profits a boost
As the top multiples continue to invest in convenience formats, independents and smaller c-store chains need all the ideas they can get to fight their corner.As a result, CRS is dedicating areas which provide a wealth of inspiration for...
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Mike Coupe moves on with sales in growth
The Big Food Group has announced that Mike Coupe, managing director of Iceland, is stepping down in September after two years in the role.In its third quarter trading statement, BFG said Coupe would continue as MD until early...
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Safeway/BP link drives profits
Safeway has posted a 44% leap in interim profit from its convenience store joint venture with fuel giant BP.For the six months to October 11, Safeway said its share of the £6.9m partnership profit with BP would be £3.5m. Total sales...
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P&H profit exceeds MBO target
P&H McLane has reported profit well ahead of target in its first full year of trading following the £172m management buyout in February last year.Chairman Christopher Adams said the £13.5m profit before tax exceeded the MBO target by £4.1m...
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Aussies drill for oil shares…
Australia’s olive oil producers are launching an assault on the UK with two brands going into major multiples this month.Cobram Estate has secured a listing for its Murray Valley Blend in 550 Tesco stores.And fellow Aussie brand...
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Insurance costs fall by a quarter
Insurance premiums in the food industry have begun to fall following a peak in 2002, according to new research from insurance broker Aon.It found that food and drink companies were seeing reductions on 2002 of between 25% and 30%, in...
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Fat lady’s praise swells sales of Willow Water
Lakeland Willow Water has reported a sales surge of up to 700% in Waitrose after celebrity cook Clarissa Dickson Wright decided to champion the brand’s cause.The star, who found fame with her role in the Two Fat Ladies TV series, spotted the...
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Somerfield refits grow sales
Somerfield has revealed an upturn in sales growth in the second half of the year, to back its argument that the group is worth more than the £509m offered by John Lovering and Bob Mackenzie last month.The Bristol-based supermarket operator...
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A quarter of the major fmcg brands' websites contain no info
However, on the whole, the market has begun to embrace the internet as a valuable tool for communication, with 11% more brands having a product specific web presence than last year and 7% more brands having a web presence generally. Our...
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Why these results are crucial
All eyes will be on Morrisons next week as it unveils its first set of financial results since its bid for Safeway. Morrisons' annual results are out on Monday (March 17) and the company will be hoping to salvage its share price, which has...
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Nearly a quarter of shoppers intending to buy jams or preser
The main reasons for this are that they can not find the product they want or it is too expensive. Many shoppers are not prepared to settle for an alternative if their favoured brand or product is not available. Jams and preserves is a bit of a...
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S&N's Hartwall profits up
Scottish & Newcastle's Finnish unit Hartwall posted an 11.9% rise in annual pre-tax profit with strong performances from its two principal operating businesses – Hartwall Finland and Baltic Beverages Holdings. For the year ended December 31...
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Wiseman laps up profits
Robert Wiseman Dairies has posted a 38% jump in pre-tax profit which it said was driven by its investment programme and increased contracts with the major supermarkets.To March 29 pre-tax profit rose to £22.8m from £16.5m last year on a 5.4%...
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Somerfield gains sales but loses Maguire
Somerfield’s second quarter like-for-like sales have rallied but also announced another high profile executive casualty with the departure of Kwik Save md, Graham Maguire, from the group.Group like-for-like sales for the 28 weeks to November...
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Interims can get great results
The interim executive phenomenon is booming, and the rewards are great if you can cope with the downsides says Steve Crabb, editor of People Management.Imagine a world where you could work for, say, six months, save up some cash and go...
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Sara Lee profits shape up
US consumer products group Sara Lee has raised its first quarter earnings forecast by 21% as the benefits of its two year reshaping programme kick in.With products ranging from its bakery goods to Jimmy Dean hot dogs, Hanes underwear and...
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Budgens failed to release its annual results this week as pl
Safeway has dismissed reports it is considering returning to TV advertising in the near future. The supermarket said it was reviewing media planning and buying and was meeting with four agencies, but had not yet taken on anyone new. Greencore has...
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Conversions hit Safeway results
Elaine Watson "Severe disruption" at Safeway stores being converted to the new hypermarket format will drag into early summer as bosses continue to tinker with the concept, the company has admitted. Safeway blamed a lacklustre set of fourth...
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Owner-occupier could lift profits
Its corporate owner has put the Spar store in the centre of the village of Tanterton, near Preston in Lancashire, on the market because it no longer fits the company's profits criteria. That said, the business represents a considerable opportunity...