All Financial Results articles – Page 51
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NewsCity snapshot: Danone price hikes boost sales but Russia seizure triggers €200m hit
Danone has outperformed market expectations as it expanded margins and boosted revenues with price hikes at the expense of volumes. Plus, first-half results from Reckitt Benckiser, Nichols, British American Tobacco and Just Eat Takeaway. And Just Eat reports CFO resignation.
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NewsCity snapshot: Unilever grows margins on pricing increases
Unilever increased its margins in the first half of its financial year, despite €1.6bn of input inflation. Plus updates from Compass Group and Greencore and grocery market share data from NIQ
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NewsCity snapshot: Cranswick lifts outlook as inflation slows
Meat processor Cranswick has raised its annual financial expectations after a “strong” start to the year and signs inflation is starting to slow. Plus, Ocado settles long-running legal dispute with Norway’s AutoStore.
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NewsCity News: Ocado shares soar 19% as investors sense ‘jam today’
Ocado shares soared 19% on Tuesday as the grocery tech group outperformed City expectations in the first half, but analysts remain spilt over future prospects.
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NewsCity snapshot: Premier Foods vows to hold prices as inflation passes peak
Premier Foods has pledged no further price rises in 2023 as the Bisto, Batchelors and Mr Kipling owner revealed a strong start to the year and declared that the period of soaring costs had peaked.
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NewsSubstantial slowdown in grocery industry profit warnings
Fmcg profit warnings have slowed significantly in the first half of 2023 as retailers and manufacturers experienced a positive start to the year
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NewsCity snapshot: Food price inflation slows from peak
A slowdown in the soaring rate of food prices and falling fuel prices have contributed to UK inflation dropping to its lowest level in more than a year, according to the latest data this morning. Plus, Finsbury Food Group announces record sales.
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NewsCity snapshot: Ocado losses grow as M&S retail partnership swings into red
Losses at Ocado have widened in the first half despite revenues growing as the grocery tech group was hit by a range of exceptional costs and battled to get the online M&S partnership on track
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NewsSavers sales surge 19% as shoppers return to stores post-pandemic
The lifting of Covid restrictions was followed by improved footfall across stores, according to the retailer’s results for the year to 31 December 2022
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NewsCity snapshot: Virgin Wines UK hits forecasts as it makes strategic progress
Virgin Wines UK is trading in line with expectations, as the under-pressure DTC retailer is set to report falling revenues and profits
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NewsCity snapshot: McBride ups guidance after strong end to the year
Shares in household goods manufacturer McBride have jumped this morning after it confirmed it had moved back into profitability in the current financial year
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NewsHaribo steadfast in face of HFSS rules as revenues hit new high
Revenues at Haribo have soared to record levels despite the sweets maker battling government restrictions and rising costs.
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NewsTyphoo turnaround ‘in progress’ despite more heavy losses
Pre-tax losses at the group totalled £8.5m in the year ended 30 September 2022
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NewsSuperdrug sales and profits surge as it pushes omnichannel and value strategy
Superdrug enlisted food blogger and anti-poverty campaigner Jack Monroe to promote its value credentials in May last year, as it froze prices of 130 ‘everyday essential’ own label lines
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NewsCity snapshot: Wincanton volumes hit in challenging market
Revenues have declined at logistics provider Wincanton as its grocery, consumer and general merchandise divisions recorded lower volumes amid the ongoing economic headwinds.
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NewsCity News: Tepid market reaction despite Sainsbury’s strong Q1 results
Sainsbury’s posted stronger than expected Q1 sales this week as grocery sales returned to volume growth, but the share price reaction was tepid due to fears of a slowdown
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NewsFuel10K sales soar as range expands
High-protein breakfast brand Fuel10K has posted huge growth to hit annual sales of £18.5m.
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NewsNaked Wines shares crash as it warns of revenues shortfall
Naked Wines shares crashed this week after a delay to its annual results, a warning on sales and the replacement of its chairman with founder Rowan Gormley
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NewsCity snapshot: Coca-Cola HBC upgrades earnings forecast on strong start to summer
European Coke bottler Coca-Cola HBC has hiked its 2023 earnings expectations after a stronger than anticipated close to the first half of the year
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NewsKitwave begins construction of 80,000 sq ft warehouse in south west
Construction of the new distribution centre, which is located two miles outside Newton Abbot, is expected to be completed by quarter three of 2024