All Financial Results articles – Page 8
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NewsCBD drinks brand Trip racks up losses amid global expansion
The business, launched by Olivia Ferdi and Dan Khoury in 2019, accumulated losses of £5.6m in the year ended 28 February 2024, according to unaudited accounts filed at Companies House. It comes on top of a similar deficit in the prior year and takes total losses at the business to £13.9m
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NewsPoundland cuts profit guidance as sales slump escalates
Efforts to sell the business are still ongoing with a deal expected by the end of September
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NewsFilippo Berio sales down in 2024 as olive oil price hikes lingered
The olive oil brand has started to recover in 2025 after sales slumped last year due to record-high retail prices
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NewsThis improves margins as meat-free brand halves losses
The business has slashed the total number of SKUs produced from 100 to 44 as part of its strategy to become profitable
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NewsM&S cyberattack ‘nothing to do with underinvestment’ in tech, says chief
M&S CEO Stuart Machin has said the retailer was ‘unlucky’
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NewsFroneri’s ice cream profits hit by factory closure
A wet British summer was also a drag on Froneri’s sales last year
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NewsM&S cyberattack to cost £300m as disruption continues until July
The cyberattack, which took place over the Easter weekend, forced M&S halt to online orders and is expected to continue affecting availability until July
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NewsUpper Crust owner SSP boosts profits despite geopolitical disruption
The FTSE 250 company said recent geopolitical events had triggered a ‘heightened level of uncertainty’
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NewsCranswick to review animal welfare as it posts record revenues and profits
Cranswick announced the ‘new, fully independent, expert veterinarian review’ this morning as it reported record annual revenues and profits over the past year
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NewsDiageo hints at substantial brand disposals to aid cashflow goals
Offloads would go beyond portfolio trimming seen in recent years, CFO Nik Jhangiani revealed
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NewsUS tariffs to cost Diageo $150m a year
The drinks giant believes it can mitigate about half the impact without price rises
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Comment & OpinionTesco 30% share aim puts different complexion on profit warning
The last time Tesco enjoyed 30% share in UK grocery sales was October 2013. Then the wheels came off
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NewsPremier Foods eyes M&A push as sales of brands pass £1bn
CEO Alex Whitehouse called the 52 weeks ended 29 March “another strong year” for the group and highlighted further M&A as a central pillar of the growth strategy
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NewsM&S cyberattack costing retailer £43m a week in lost sales
The cyberattack’s impact on sales will cut M&S’ full-year 2026 earnings before interest and taxes by around 7%, the Bank of America Global Research report notes
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NewsCampari misses sales forecasts on ‘soft’ first quarter trading
Revenues at the Aperol supplier declined by 4.2% to €665.6m in the three months ended 31 March
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NewsTariff fears prompt Molson Coors to lower sales and earning forecasts
Molson Coors sales in the three months ended 31 March fell by 11.3% on a reported basis
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NewsAB InBev profits smash forecasts despite soft volumes
AB InBev, the world’s largest brewer, reported a 7.9% increase in operating profit in the three months ended 31 March
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NewsBoparan bounces back into profitability on back of efficiencies and new business wins
A £28m pre-tax loss in its previous accounts swung by £63.5m into a £35.5m profit before tax for the year to 27 July 2024
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NewsCoca-Cola HBC’s ‘strong start’ to 2025 buoyed by emerging markets
Organic revenue increased by 10.6% in the first quarter of 2025, with 1.8% growth in volumes
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NewsCCEP’s ‘strategic’ offloading of Capri-Sun brings volume declines
CCEP reported revenue of €4.7bn during the first three months of 2025