All Financial Results articles – Page 43
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NewsPoundland owner suffers net €662m loss, citing UK discount chain’s ‘weak performance’
Poundland’s like-for-like sales were down 3.6% in the latest set of dismal results for the brand
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NewsBuckfast sales jump despite ‘unprecedented’ duty hike
Sales of Buckfast jumped by 11.8% last year despite the fortified wine brand facing an “unprecedented” duty increase and pressures from the rising cost of living
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NewsCity snapshot: Naked Wines’ revenue slide enters another year
Naked Wines is losing both new and old customers but despite its struggles, says its turnaround plan is working. Also, Tesco achieves its highest market share since December 2017.
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NewsSSP shares surge on profit recovery plan
SSP Group shares surged by as much as 12% this week as the catering operator looked to put the pandemic and constant train strikes in the UK behind it
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NewsCity snapshot: DS Smith profits slip on cheaper packaging
In April, DS Smith agreed terms on a £5.8bn all-share takeover from US rival International Paper. Also, new data shows cash use has risen for the second year in a row.
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NewsCommodity prices help Treatt bounce back from destocking
Global ingredients player Treatt bounced back from a weak first quarter to grow full-year revenues and profits as higher commodity prices and growth in China boosted performance
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NewsGreencore shares rise again as profits jump
Greencore’s profits saw healthy growth last year as the sandwich maker posted “stronger than expected” full year results.
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Comment & OpinionThe Grocer and its journalists are not anti-vegan or anti-plant-based foods
It’s our job to report on the plant-based category’s downs, as well as ups
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NewsGail’s Bakery sales surge ahead of rumoured buyout
Analysts have speculated the company could be worth up to £500m
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NewsCity snapshot: Remy Cointreau’s cost cutting helps limit profit slide
Remy Cointreau is cutting around €50m in costs this year to help limit its profits slide as sales continue to plummet in the US and China. Also, consumer confidence unaffected by last month’s budget, according to the British Retail Consortium.
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NewsCity snapshot: Just Eat to delist from London Stock Exchange
The move is a blow to the UK government which launched “the biggest set of reforms to listing rules in over 30 years” earlier this year to try and reinvigorate the country’s capital markets. Also, Pet at Home sales stutter amid an “unusually subdued” pet retail market
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NewsTunnock’s profits rebound despite cocoa shortage
Tunnock’s, the maker of its eponymous teacakes and caramel wafers, saw profits rebound last year despite high ingredients costs continuing to weigh on its bottom line
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NewsCity snapshot: Cranswick poised for strong Christmas as first-half volumes deliver results
Cranswick is set up for a strong Christmas after the meat processor reported volume-led growth in the first half. Plus, vape maker Supreme reports interims, Compass Group presents annual results and the latest BRC-NielsenIQ Shop Price Index
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Comment & OpinionAllan Leighton: can Asda’s comeback kid do it again… at 71?
After a 25-year absence, Allan Leighton was met with a rapturous reception on his return to Asda. Is he the shot in the arm it needs?
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NewsNestlé turnaround plan gets muted market reaction
Nestle’s share price has sat in the doldrums of late and is down 23% since the start of the year
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NewsCity snapshot: PZ Cussons steadies ship after Nigerian turbulence
Ahead of its AGM later today, PZ Cussons said it expects 5% like-for-like revenue growth in the first half of its financial year, largely led by growth in the UK. Also, Tereos profits fall due to lower prices for sugar and sweeteners.
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NewsLidl boss urges government to ‘see sense’ over £7bn in costs heaped on retail
Ryan McDonnell spoke as Lidl announced its latest full-year results
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NewsMarketing uplift of £20m drives revenue growth at Britvic
Advertising and promoting to drive awareness and trial had been a key factor in performance, said Britvic GB managing director Paul Graham
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NewsCity snapshot: Lidl swings back to profit as shoppers switch from rivals
Lidl has bounced back into the black in the UK as shoppers switched more than £500m of spending to the disctounter from rival supermarkets. Plus, annual results from Britvic, UK inflation jumps by more than expected and Gusbourne partners with Enotria&Coe
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NewsCity snapshot: Nestlé to spin off bottled water and cut costs by another £2.2bn as part of new action plan
Nestlé will spin-off its bottled water business as part of new plans for turning around the ailing food giant revealed ahead of today’s Capital Markets Day for investors and analysts. Plus, full-year results from Imperial Brands