All Financial Results articles – Page 84
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NewsWaitrose defends rates relief as it posts record profits
Waitrose posted record levels of profits last year as sales boomed during a period in which it benefited from business rates relief.
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NewsCity snapshot: AB InBev boss Carlos Brito to step down
The world’s largest brewer AB InBev has announced CEO Carlos Brito will step down after 15 years in charge, to be replaced by North America chief Michel Doukeris. Plus ABI posts strong start to 2021, Virgin Wines and Glanbia up guidance and all the rest of the latest news from the City
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NewsWorldwide Fruit enjoys double-digit Covid-19 sales bounce
The supplier of apples, berries, avocados and stone fruits saw sales grow by more than a third
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NewsCity snapshot: HelloFresh sales more than double amid increased capacity
European delivery kit giant HelloFresh has posted another quarter of bumper growth as it increased capacity to meet surging demand during the coronavirus pandemic.
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NewsLaila’s posts further losses amid pandemic scratch cooking boom
Laila’s Fine Foods ‘reliant on creditors’ as it forecast it would be lossmaking for the third year in a row
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Analysis & FeaturesWhat’s the plan for Sainsbury’s following £261m loss?
Simon Roberts insists the business ‘is in good shape and has lots of potential’. How is he planning to bounce back?
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NewsJempson’s reports ‘outstanding’ increase in turnover and profit
Jempson’s launched a home delivery service for groceries, which racked up £1m of sales in the 2020 calendar year
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NewsCity Snapshot: Unilever boosted by emerging markets reopenings
Unilever has started the year on the front foot, posting organic growth of 5.7% helped by the lapping strict lockdowns in key emerging markets
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NewsMondelez sees sweet sales rise as shoppers continue to stock up on Cadbury and Oreo
Mondelez net revenues in the first quarter of 2021 jumped 7.9% to $7.2bn, with shoppers in Europe and Asia buying more of its brands, including the likes of Oreo, Belvita, Milka and Toblerone.
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NewsSainsbury’s slumps to a loss despite surging revenues amid pandemic
Underlying pre-tax profits at the group slumped 39% to £356m in the year ended 6 March 2021, despite a 7.3% jump in retail sales to £28.8bn
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NewsCity snapshot: Sainsbury’s slumps to a loss despite surging revenues
Sainsbury’s has plunged into the red after £485m of Covid-related costs and £600m-plus of restructuring charges for its Argos transformation programme more than offset a surge in revenues over the past year. Plus, on a busy morning, trading updates from Reckitt Benckiser, Carlsberg and Nichols; Deliveroo appoints two non-execs; and the latest shop prices index from the BRC and Nielsen.
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NewsGousto posts first profit as demand soars during pandemic
Recipe box player Gousto posted a full-year profit for the first time last year after sales soared to record levels
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NewsEast of England Co-op food sales boost offsets Covid-related declines
Sales across its travel, petrol filling station and events businesses were down over 40%
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NewsCity News: Nestlé posts strongest quarter in a decade
Nestlé solidified its position as one of food and drink’s star performers in the pandemic
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NewsCentral England Co-op trading profits soar as sales rise 3% to £869m
Total food sales increased by 7.7% to £691.2m
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NewsFultons profits plummeted before Poundland takeover, accounts show
Results reveal how stores were closing and employee numbers shrinking before Poundland stepped in last year
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NewsFarmfoods sales soar 35%, buoyed by store openings in the pandemic
According to location data specialist CACI, the business opened at least 12 new stores between September 2019 and December 2020
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NewsCity snapshot: Booming coffee sales drives Nestlé first quarter sales outperformance
Nestlé has reported a 7.7% jump in first quarter organic growth, boosted by a surge in coffee sales and early signs of recovery in out-of-home channels
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NewsKerrygold owner Ornua hails ‘record’ profits for 2020
The dairy co-op’s 2020 accounts show a 69% increase in operating profit before exceptional items to €83.1m
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NewsCity snapshot: Solid start for Heineken as strong growth in Africa makes up for Covid hit in Europe
Heineken has reported a “solid” start to the year with profits growing despite trade in Europe continuing to be hit by lockdowns. Plus, Coca-Cola European Partners changes its name following approval for its acquisition of Asia-Pacific Coke bottle Coca-Cola Amatil.