All Financial Results articles – Page 264
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Record profits boosted
by former Somerfields Waitrose is set to announce record interim profits when the John Lewis Partnership announces its results for the first half of the year this week. Waitrose md David Felwick told The Grocer sales for the first half were up 13%...
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McBride profits slump as takeover talks continue
Full year pre-tax profit at troubled household products manufacturer McBride slumped by more than a third as profit margins were hammered by the weak euro, soaring raw material prices and transport costs. Discussions regarding a possible takeover...
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Somerfield: Results vindicate Kwik Save retention'
Somerfield's decision to retain its Kwik Save stores and operate two separate fascias has been vindicated by the results announced this week, according to chief executive Alan Smith. He said: "Some suppliers had doubts about Kwik Save, but had it...
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B2B e-commerce: Exchange members hungry to see results says
The honeymoon period is over for B2B e-commerce, delegates were told at a trading exchange conference hosted by IGD. GlobalNetXchange chief executive Joe Laughlin said members of exchanges want to see results now, not in the dim and distant...
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n With the latest results out, is there hard proof Sir Peter
Sainsbury's fortunes have seemed rather like a runaway trolley over the last few years, complete with wobbly wheels. After years of growing market share, it began haemorrhaging customers and profits while arch rivals Tesco and Asda continued their...
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Drinks: Allied outmanoeuvres Diageo as profits soar
Allied Domecq produced a double whammy this week by announcing better than expected full year results and revealing a strategic alliance with Captain Morgan firm Destileria Serralles. The deal has thrown the bidding for Seagram's drinks portfolio...
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Scotland: Botterills aims for £51m sales with new stores
The 31-strong Scottish Spar chain Botterills Convenience Stores aims to open four or five new stores in the next year, which should take annual sales to approximately £51m. Speaking at the company's awards dinner at the Crutherland Hotel, East...
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Profits probe: Byers: minister signals a sympathetic verdict
Clive Beddall, Belinda Gannaway Hopes that Trade and Industry Secretary Stephen Byers will not deliver a damning verdict on the multiples after the Competition Commission's profitability probe have soared after one of his ministerial team said...
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Wholesaling: Prepare for a profits wipe out'
The wholesaling industry is on the verge of a massive shakeup that many firms may fail to live through, one of the sector's top players has warned. The reason? The government's decision to end forestalling where cigarettes and tobacco are...
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Carrefour expansion will knock profits
French giant Carrefour has shocked investors by warning profits will be at the lower end of expectations for the coming year. Chairman Daniel Bernard said he expected an earnings growth of 20% this year at the company's annual shareholders meeting...