All Financial Results articles – Page 88
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NewsMFG profits improve despite £1.1bn pandemic sales decline
The pandemic cost forecourt giant Motor Fuel Group £1.1bn in sales last year, but profits nevertheless improved as its grocery convenience sales boomed
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NewsSainsbury’s shrugs off inflationary pressures to hike profits expectations
Sainsbury’s has hiked its profit expectations for the full year despite pledging action on price and mounting inflationary pressures following better-than-expected sales in the first quarter
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NewsCity snapshot: Deliveroo ups sales forecast as second quarter orders surge past expectations
Food delivery player Deliveroo has enhanced its full year sales forecast after announcing its second quarter revenues were significantly ahead of previously announced expectations.
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NewsCity snapshot: Wetherspoon bemoans food taxes as temporary hospitality VAT cut approaches end
Wetherspoon chairman Tim Martin has criticised the ‘tax inequality’ between supermarkets and the leisure trade as the government’s temporary reduction in hospitality VAT nears an end in September.
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NewsOcado deploys lorry drivers to help struggling suppliers
The business has also increased stock levels to shore up availability amid the ongoing lorry driver shortage
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NewsCity snapshot: Sainsbury’s upgrades earnings on strong Q1 sales
Sainsbury’s has raised its full year profits expectations after posting growth in its first quarter despite ’exceptionally tough comparatives’.
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NewsBrakes suffers £234m loss as Covid clobbers hospitality market
Wholesaler Brakes fell to a £234m loss last year as the coronavirus pandemic wiped out its hospitality sales at the end of its financial year
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NewsBestway revenues hit £2.5bn as wholesale profits soar 260%
EBITDA for Bestway Wholesale Group jumped 82% from £20.8m to £37.9m
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NewsCity snapshot: ABF grocery sales fall but Primark recovery drives revenue jump
Associated British Foods has reported a 47% jump in third quarter revenues as the re-opening of Primark stores mitigated a modest decline in grocery sales. Plus, Supreme buys SCI-MX, trading updates from PZ Cussons and C&C Group and all the rest of the latest news from the City.
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NewsCity Snapshot: Supermarket price war keeps lid on inflation fears
Food prices have fallen for a third month in a row as the supermarkets continue to fight it out to attract shoppers from rivals, according to new data. Plus, record full-year results for Cake Box; and Treatt CFO Richard Hope to retire after 20 years with the ingredients company.
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NewsCity Snapshot: Greggs sales recovery continues at stronger-than-expected pace
Greggs has continued to see customers flooding back to its stores in greater than expected numbers since the relaxing of coronavirus restrictions, the high street bakery chain said in an unscheduled trading update. Plus, Coca-Cola HBC acquires minority stake in premium Italian coffee company Caffè Vergnano.
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NewsPub closures see annual sales tank at alcohol wholesaler LWC Drinks
Booze wholesaler LWC Drinks saw revenues plunge by 42% last year as it suffered from pub and leisure closures.
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NewsWhitworths returns to profit following Covid sales boom
The dried fruit supplier has bounced back into profit as the boom in healthy snacking and home baking during the pandemic drove a 19% jump in sales
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NewsHelloFresh makes first profit in UK amid rocketing demand
Meal kit giant HelloFresh made its first profit in the UK last year as booming sales during the pandemic led to increased profitability.
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NewsCity snapshot: Store estate expansion drives Pepco profit and sales growth
Newly listed Poundland owner Pepco Group has announced an increase in first half revenues and profits as the addition of new stores mitigated the impact of Covid shop closures and lower footfall in its UK stores.
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NewsElla’s Kitchen defies slump in babyfood to increase revenues
Ella’s Kitchen has defied a pandemic-driven slump in the babyfood category to grow revenues and market share in the UK
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NewsCity snapshot: Tesco first quarter sales top record 2020 lockdown surge
Tesco has grown its first quarter sales despite the unprecedented surge in demand during the first coronavirus lockdown period in the corresponding quarter last year. Plus, ONS retail sales figures show surprise May slowdown and all the rest of the latest news from the City.
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NewsCity Snapshot: Distil reports 'significant' growth as UK grocery launches offset Covid losses
Drinks group Distil has significantly increased revenues and profits despite Covid disruption as it shift to grocery and online retail helped offset lost business elsewhere. Plus, agricultural supplies group Wynnstay appoints a non-executive director.
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NewsHighland Spring falls to £2.7m loss after ‘disappointing’ year
Bottled water brand Highland Spring fell to a £2.7m pre-tax loss in 2019 and suffered further sales slumps in 2020
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Analysis & FeaturesHow Britain’s 50 fastest-growing food and drink companies beat the pandemic
Fast-growing food and beverage firms faced huge challenges during the pandemic, but while some have suffered many have thrived