latest – Page 108
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NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.
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NewsVegan boom propels Huel to top of the Alantra Food & Beverage Fast 50
The explosive growth of direct to consumer ‘complete meal’ brand Huel has propelled the brand to the top of Alantra’s Fast 50 list of rapidly expanding food and drink players.
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NewsCity snapshot: M&S warned of ‘severe impact’ of coronavirus and readies store closure contingencies
Marks & Spencer has warned of the “severe impact” of the coronavirus outbreak on its clothing and home business and has detailed a cost-control programme to mitigate the damage. Plus, supermarket competition law temporarily relaxed, Hotel Chocolat raises cash amid outbreak sales downturn and all the rest of the latest news from the City.
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NewsCity snapshot: Ocado Retail reports sales lift amid ‘unprecedented demand’
Ocado Retail has reported double-digit sales increase in the first quarter, which was unaffected by the coronavirus outbreak
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NewsCity snapshot: Morrisons expands online delivery and guarantees pay amid ‘unprecedented’ coronavirus challenge
Morrisons has pledged to expand its online delivery capacity and has guaranteed the pay of its staff amid what it called ”unprecedented challenges and uncertainty” around the coronavirus outbreak.
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NewsCity snapshot: Compass Group issues coronavirus-driven profits warning
Global catering giant Compass Group expects the spread of the coronavirus to hits its bottom line by up to 30% and reduce profits by £225m. Plus, The British Honey Co will use excess capacity to produce alcohol sanitisers, Bakkavor completes £455m refinancing and all the rest of the latest news from the City.
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NewsCity snapshot: Associated British Foods warns of impact of Primark European store closures
Associated British Foods has this morning warned the temporary closures of its Primark stores in Italy, France, Spain and Austria could cost £190m in lost sales. Plus The BRC and supermarkets issue public plea over panic buying and all the rest of the latest news from the City.
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NewsCity snapshot: WH Smith says coronavirus outbreak will cost up to £130m of sales
Shares in travel retailer WH Smith have collapsed after it warned the outbreak of the Covid-19 virus will hit its annual sales by up to £130m and its bottom line by up to £40m. Plus, markets plunge again on coronavirus spread, Carrs Group issues profits warning, C&C Group updates the market and all the rest of the latest news from the City.
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NewsVeg producers struggle amid poor weather conditions and labour shortages
Growers struggled last year as sales were impacted by ‘extreme’ weather conditions and supply chain pressures
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NewsNisa boosts frozen sales with expanded Co-op range
In October last year, Nisa retailers were given access to more than 70 additional frozen lines through the Co-op
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NewsGosh posts stellar growth as demand for meat alternatives soars
Plant-based food producer Gosh has posted another year of stellar growth, with sales jumping 34% to £18.6m as it continues to tap demand for meat alternatives.
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NewsCity snapshot: Waitrose sale ‘not up for debate’ in John Lewis turnaround plan
John Lewis Partnership chairman Sharon White has insisted a sale of Waitrose is not on the table as the group revealed a wide-scale strategic review.
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NewsCharlie Bigham’s propelled back into the black with sales boost
Upmarket ready meals supplier Charlie Bigham’s has rebounded back into the black, driven by stellar sales growth that continues to defy the wider slump in the ready meals market.
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NewsCity snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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NewsCity snapshot: DS Smith delivers ‘robust’ Christmas performance
FTSE 100 packaging giant DS Smith said it had delivered robust performance since 1 November despite macro-economic uncertainty. Plus, Devro falls to loss amid factory writedowns and all the latest news from the City.
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NewsHenderson Foodservice reports 23% surge in sales
MD Cathal Geoghegan attributed the rise to acquisitions and organic growth
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NewsMackie’s of Scotland hits £16.7m turnover after chocolate sales boost
The record annual revenues mark a 20% increase on the previous financial year
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity Snapshot: Just Eat Takeaway.com takes action against Delivery Hero
Just Eat Takeaway.com is taking action against German rival Delivery Hero, accusing it of breaking a standstill agreement by announcing plans to increase its stake in the newly merged UK-listed firm.
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NewsFiddes Payne reports sales drop of 23%
Sales at home baking and spices supplier Fiddes Payne plunged last year due to weakness in its core UK market.