All Financial Results articles – Page 78
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NewsCity snapshot: Aldi overtakes Morrisons as grocery inflation soars to 12.4%
The UK’s big four grocers are no more as Aldi has overtaken Morrisons’ market share as private label sales continue to grow amid soaring inflation. Plus, Ocado returns to growth in Q3, FeverTree first half sales rise but shipping costs hit profits and all the rest of the latest news from the City.
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NewsSewell Retail turnover soared during 2021 as commuters returned to work
According to its latest accounts posted at Companies House, turnover rose by 18.5% to £57.1m for the year to 31 December 2021
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NewsCity Snapshot: MP Evans profits soar on record palm oil prices
Profits at palm oil producer MP Evans have soared as the price of the edible vegetable oil hit record highs as a result of the Ukraine war.
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NewsCity News: Associated British Foods issues gloomy forecast as Primark is hit by ‘market volatility’
Associated British Foods became one of the first major consumer multinationals to downgrade profit expectations this week, warning its Primark retail business would be hit by the strength of the US dollar and “significant market volatility”
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NewsCharlie Bigham’s tops £100m sales and snaps up frozen brand By Ruby
Revenues increased 29.2% – or £23.6m – to a record £104.4m in 2020/21 thanks to a legion of new customers trying the brand’s range of meals and puddings throughout lockdown.
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NewsCity snapshot: ABF warns on profits as currencies and economic volatility weigh on Primark
ABF has warned its profits next year will be hit by the strength of the US dollar and ‘signficant market voility affecting costs’, which will hit margins at its Primark retail arm.
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NewsCity Snapshot: Bakkavor sales recover but inflation drags on profits
Bakkavor Group has continued its recovery from pandemic disruption, reporting strong revenue momentum in the first half despite inflationary challenges. Plus, WH Smith issues a pre-close trading update for the year.
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NewsThe Original Factory Shop sees profit growth as concessions open in Co-op
The performance in the 12 months to 27 March 2022 was also up on a two-year basis
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NewsPilgrim’s UK sees £16m loss but promises strong recovery
The pork giant reported significant inflation throughout the supply chain and lower pig prices meant results had been negatively impacted
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NewsGeary’s warns of impact of soaring energy costs as it returns to growth
Geary’s Bakeries returned to double-digit growth last year, but has warned of the impact of soaring energy costs on top of mounting input inflation last year
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NewsPlanet Organic sets new store estate target despite losses
Planet Organic is now aiming to open 100 new stores across the UK over the next three years
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NewsArla Foods reports strong first-half results, but warns of downturn ahead
Prices will continue to rise amid soaring on-farm inflation, the dairy co-op has warned
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NewsYo Sushi owner sees sales jump following retail and kiosk push
Yo Sushi owner Snowfox Group saw a near 50% jump in sales last year, driven by its concerted push into grocery retail and in-store kiosks
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues
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NewsAsda claims sales going in the right direction despite cost of living crisis
Asda has also expanded its ‘Dropped & Locked’ pricing campaign to include more than 250 products, which will remain for the rest of the year
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsIceland’s debt rating downgraded as it slips to annual loss
Iceland’s debt rating has been downgraded by Moody’s as newly filed accounts show the supermarket fell to a pre-tax loss last year
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NewsMoy Park sees near 60% profit slump amid ‘challenging headwinds’
The Northern Ireland-based poultry giant saw operating profit fall by 58.1% (or £50m) to £36.2m in the face of significant cost increases in feed, utilities and labour
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes
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NewsUnited Wholesale Scotland posts £4.9m pre-tax profit
UWS said its strong partnership with suppliers and loyal customer base had allowed it to perform strongly in a competitive market