All Financial Results articles – Page 48
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NewsMüller UK&I sinks to £6m loss in 2022 as inflationary pressures bite
A £25.8m operating profit in 2021 swung to a £5.9m operating loss in the year to 31 December 2022, its latests accounts have shown
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NewsCity snapshot: Tesco and Marks & Spencer post bumper Christmas sales
Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider market
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NewsSainsbury’s records ‘strong’ Christmas sales as premium demand increases
Sainsbury’s saw its ‘best ever year’ for sales of mine pies and premium cheese
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsRecord Black Friday drives 9.8% Q1 sales growth for Boots
Online sales in the three months to 30 November were up 17.5% year on year, contributing 19.2% of total retail sales
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NewsPremium spirit sales forecast to come under pressure in 2024
Consumers are likely to trade down into cheaper alcohol in 2024 to add further pressure to premium drinks brands, according to Bloomberg Intelligence
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Analysis & FeaturesHow grocery stock market players coped with 2023’s uncertainty
Fmcg players are used to volatility and uncertainty, driven by a plethora of global crises in recent years.
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NewsMackie’s sales jump 17% but rising costs hit profits
Premium ice cream player Mackie’s saw its sales jump 17% in its most recent financial year, but profits fell back as it absorbed sharply higher costs rather than pass them on to consumers
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsCity News: Pepco Group posts ‘record’ revenues but profits take a hit
European discount retail group and Poundland owner Pepco Group posted “record” revenues last year, but shares have fallen back on a sharp drop in profitability and a slowing of sales
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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NewsCity News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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NewsCity snapshot: DS Smith CEO to retire as box volumes fall amid ‘weak’ demand
Long-serving DS Smith CEO Miles Roberts is to stand down from his role as the box maker reported a drop in revenues and profits amid weak demand
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NewsWholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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NewsCity snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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NewsValeo Foods urged to 'cease acquisitions and focus on turnaround'
Valeo Foods must focus on turning around its UK snacking business and hold off from acquisitions to avoid any further deterioration in its credit rating, according to Moody’s
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NewsCity News: Greencore shares decline despite stabilising performance
Shares in Greencore tumbled this week despite the sandwich maker reporting significant progress in its ongoing recovery.