All Financial Results articles – Page 80
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NewsRamsden International sinks to first loss in company’s history as Brexit hits sales
Ramsden International has fallen to its first-ever loss as new Brexit rules hit revenues at the wholesale exporter.
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Comment & OpinionWho is Tesco’s Aldi Price Match campaign benefiting most: Tesco… or Aldi?
Tesco’s repeated value benchmarking of Aldi in a cost of living crisis will be a ‘marketing case study in years to come’
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NewsBooker freezes prices on 450 catering lines
The wholesaler will lock prices on popular products such as premium frozen chips from 5 October until 3 January
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NewsTesco cuts 325 head office roles as part of £500m efficiency drive
The supermarket said staff had been informed of the cuts late last month, though they were not mentioned at this week’s results call
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NewsCity snapshot: Imperial Brands launches £1bn share buyback scheme
Tobacco player Imperial Brands has announced the launch of a multi-year share buyback programme, with the intention of buying back £1bn shares by the end of September 2023. Plus a trading update from Diageo and all the rest of the latest news from the City.
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NewsTesco as competitive with discounters as ever, claims CEO Ken Murphy
Tesco said its products from its Aldi Price Match now featured in 99% of all large baskets and over 80% of top-up shops
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NewsCity snapshot: Tesco profits squeezed as customers ‘watch every penny’
Profits at Tesco fell back in the first half as customers faced “a tough time” but rising food prices helped Britain’s biggest supermarket grow sales.
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NewsCity snapshot: Real Good Food embarks on “radical” reforms to save turnaround attempt
Real Good Food has unveiled a radical reform programme to deal with inflationary pressures and protect its attempted turnaround. Plus, PM abandon plans to scrap top rate of tax.
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NewsKP Snacks posts strong growth as out-of-home bounces back
KP Snacks returned to strong growth last year as out-of-home snacking rebounded and it gained share in grocery
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NewsMcBride shares rally as it strikes agreement with lender amid early signs of recovery
CFO Mark Strickland said the amended financing agreement was “an excellent outcome” following a “very difficult” trading period that provided the group with funding certainty as its propsects recover.
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NewsCity snapshot: Science in Sport launches strategic review amid consumer slowdown
Sports nutrition specialist Science in Sport has launched a strategic review that could result in the sale of the company or assets as it warned of weaking consumer demand despite first half growth.
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NewsQuorn profits shrink as rivals eat in market leader’s share of meat-free category
Profits at Quorn have retreated as soaring costs put pressure on margins and an increasingly crowded meat-free category saw sales dwindle at the market leader.
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NewsCo-op looking to triple number of franchise stores as part of new food strategy
Co-op is alos investing £37m to reduce the price of 120 key convenience lines such as orange juice, pizza, wine, fruit and salads
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NewsMorrisons profits slump on sales decline as shoppers feel the pinch
Profits slumped as subdued consumer sentiment led to a decline in sales and “unprecedented” inflationary pressures hit in-house manufacturing operations
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NewsBooming sparkling and off-trade sales boost UK’s biggest winemaker
The UK’s largest wine producer Chapel Down returned to growth in the first half of the year as strong demand for English sparkling wine, the reopening of the on-trade and strong off-trade sales boosted performance
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NewsCity snapshot: Hot summer and off-trade reopening boost AG Barr
AG Barr has posted strong first half growth as out-of-home consumption rebounded and the soft drinks maker benefited from the warm summer weather. Plus SSP Group sees travel rebound, new interim CEO at Domino’s and all the rest of the latest news from the City
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NewsAldi boss admits store opening programme more challenging than expected, as it misses target
The discounter was aiming to have 1,000 UK stores by 2022 but currently has only 970, with another 16 to be opened this year
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NewsCity snapshot: UK profits plunge at Aldi as investment in price hits bottom line
Aldi suffered a near 80% drop in operating profits in 2021 as sales flatlined ahead of a strong rebound in growth in 2022. Elsewhere, Alan Jope to retire from Unilever, Sainsbury’s scraps property sale, updates and Finsbury Food Group and Chapel Down and all the rest of the latest news from the City
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Analysis & FeaturesFood and drink’s top financial performers of 2022
PepsiCo benefited from a return to out-of-home consumption of its snacks and drinks
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NewsCity News: Haleon posts strong growth in first listed results amid Zantac battle
Former GSK consumer arm Haleon posted strong double-digit growth in its first financial results as a listed company, although investors were more interested in its tough stance against its former parent over Zantac litigation. The recently spun-off consumer health group saw organic revenue growth of 11.6% in ...