All Financial Results articles – Page 55
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NewsCity News: Diageo’s woes continue as Latin America sales plunge
Diageo’s woes across the Atlantic continued this week, as second-half results were hit by a plunge in sales in Latin America and a continued slowdown in North America
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Comment & OpinionP&G results show the only winning strategy: differentiation
P&G’s European volume growth accelerated to 3% from 2% in the previous quarter, which is impressive when most of its peers are posting volume declines in the region, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsMorrisons boss Rami Baitiéh claims ‘strong progress’ as forecourt sell-off dominates Q4 results
Rami Baitiéh today claimed the supermarket had made “strong progress” in its fightback after announcing like-for-like sales for the year were up by 1.8%
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NewsCity snapshot: Gusbourne narrows losses despite challenging second half
English sparkling wine producer Gusbourne has narrowed underlying losses as it cut costs and continued to grow sales.
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NewsABF shares rise on back of strong growth in food and sugar
Shares of food and retail conglomerate Associated British Foods rose this week on the back of solid growth in its food and sugar arms
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NewsCity snapshot: Travel recovery boosts WH Smith
WH Smith grew revenues in the second half of last year as the global travel market continues to recover and it expands its number of airport outlets
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NewsCity snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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Comment & OpinionFestive cheer for Premier Foods, but bigger tests await in 2024
Premier Foods remained full of festive cheer this week after revealing it enjoyed its ‘biggest ever Christmas’, but bigger tests await as food price inflation falls out of the market
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NewsCity snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsVibrant Foods back in growth as transformation takes effect
World foods specialist Vibrant Foods is back in growth following a £30m refinancing
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NewsWyke Farms defies inflation challenges to post £11m profit
The West Country-based cheese and butter maker delivered a 68.4% rise in operating profits to £10.9m in the year to 31 March 2023
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NewsInnocent losses soar as £200m factory needs more investment
Revenues declined by £15.6m – a 3.5% fall year on year – to £426.2m in the 12 months ended 31 December 2022, according to newly filed accounts
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsSuperdrug sees ‘strong’ Christmas trading driven by own label growth
Sales of Superdrug’s Beauty Studio services were up 20% year on year
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsCity underwhelmed by supermarkets’ Christmas results despite bumper sales
As many childhoods can attest, the difference between Christmas expectations and festive reality can be an almighty chasm
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NewsCook makes major comeback with sales and profit in growth
Cook entered its latest financial year facing rampant inflation, a heatwave that left high streets deserted, and supply chain disruption