latest – Page 126
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NewsTesco profits jump 28% as it 'moves quickly' to deliver Booker synergies
Tesco has reported “another year of strong progress” with the ninth consecutive quarter of growth and said it was “moving quickly” to deliver synergies and access new growth from the completion of the merger with Booker.
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NewsThe Co-op returns to profit for first time since 2015
It recorded £72m profits before tax for the year to 6 January, compared with a £132m loss in the previous year
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NewsFisherman's Friend maker reports 45% drop in profits
The company grew sales by 0.7% to £51.6m in the year to 31 December 2017
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NewsMRH profits up ahead of Motor Fuel Group takeover
MRH has reported a double-digit rise in sales and profits for the year to 1 October 2017
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NewsConstellation Brands fourth-quarter sales exceed estimates
The company said its beer portfolio was the number one growth contributor to the US beer market
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NewsUS spice giant McCormick reports 'great start' to 2018
Net Q1 sales rose 19.2% from $1.04bn (£739m) to $1.24bn (£876m), reported chariman, president and CEO Lawrence Kurzius
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NewsMedia Bites 27 March: Casino, Amazon, Conviviality
French supermarket giant Casino has signed a distribution deal with Amazon
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NewsOcado feels chill as first-quarter sales disappoint
The online grocer’s first quarter sales growth was reduced by almost one percentage point
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NewsWing Yip suffers 30% drop in pre-tax profits
According to accounts filed at Companies House this week, pre-tax profits were down from £4.8m to £3.5m on turnover up 8.7…
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NewsFood safety scandal slashes quarterly profits at 2 Sisters
Second-quarter profits have plunged at 2 Sisters Food Group owner Boparan Holdings, as the closure of its scandal-hit West Bromwich factory weighed on results.
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NewsBirds Eye owner Nomad more than doubles annual profits
Nomad Foods, owner of frozen food brands Birds Eye, Iglo and Findus, has reported “an outstanding year” during which it reported full-year organic revenue growth of 3.9%.
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NewsCity snapshot: Conviviality seeks £125m from investors to save the business
Conviviality has announced an equity placing to raise £125m in a bid to recapitalise the business – without which it said it was “unlikely” to be able to continue. Plus on a busy day in the City, Produce Investments back in profit, protein woes weigh on 2 Sisters, Reckitt pulls out of Pfizer talks and all the rest of the news from the City.
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NewsFonterra CEO Theo Spierings steps down as profits plunge
Announcing half-year losses of £177m, the company said Spierings will leave later this year after seven years as CEO
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NewsHelloFresh cuts losses as it eyes move to profitability
German listed meal kit delivery company HelloFresh grew sales by more than 50% last year and cut its losses as it targets a move to profitability before the end of its 2018 financial year.
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NewsBestway credits soaring profits to Best-one performance
Bestway credits soaring profits to Best-one performance
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NewsCity snapshot: Science in Sport revenues jump 28% to £15.6m
AIM-listed sports nutrition brand Science in Sport, which supplies Team Sky and Manchester United, has posted full-year revenues up 28% to £15.6m, though losses have deepened. Plus, Irish dairy giant Ornua has announced record revenues of €2.1bn for 2017, UK CPI falls to 2.7% and all the rest of the latest news from the City.
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NewsCity snapshot: Ocado growth hit by Beast from the East
Winter storms that caused widespread disruption during the final week of Ocado Group’s (OCDO) first quarter, reduced Ocado’s sales growth by almost one percentage point back to 11.7%. Plus, Imperial Brands disposes of US tobacco products and all the rest of the latest news from the City.
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NewsFinsbury Food Group back on the acquisition hunt after solid first half
Listed bakery business Finsbury Food Group is back on the acquisition hunt after a period of consolidation that saw first half like-for-like sales edge up 2.5% to £144.8m.
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NewsCity Snapshot: First half sales and profits up at Finsbury Food Group
Cakes and bakery goods supplier Finsbury Food Group has overcome “sustained market-wide headwinds” to post a rise in first half sales and profits.
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NewsWhy was a resurgent Morrisons rebuffed by the City?
Unexpected news of a jump in sales & profits rewarded with 4.9% drop in share price