latest – Page 127
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NewsConviviality faces fight for survival in cash crunch
Booze giant Conviviality faces a battle for survival after a week of turmoil that saw more than £350m wiped from its value and PwC called in for help.
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NewsConviviality calls in PwC after unexpected £30m tax bill
The ailing booze giant is to meet with HMRC and key stakeholders
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NewsConviviality suspends shares after week of turmoil
The Bargain Booze and Matthew Clark owner’s shares have crashed by around two thirds since last Thursday
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NewsCity snapshot: 'Strong year' for Morrisons sees progress on sales, profits and debt
Morrisons has announced a 2.8% rise in annual like-for-like sales, a double-digit jump in profits and a large reduction of net debt as its recovery under CEO David Potts continues. Plus, Conviviality shares suspended “pending an announcement”, Greencore drops 30% on yesterday’s profits warning and all the rest of the latest news from the City.
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News‘Arithmetic error’ to blame for wiping £365m off Conviviality
Conviviality has updated the market after its shock profits warning on Thursday to confirm that its full-year adjusted EBITDA will be around £14m lower than previously forecast.
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NewsGreencore shares slump 30% on US profits warning
Shares of food-to-go supplier Greencore have slumped by almost 30% today after it issued a profits warning on headwinds in its struggling US business.
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NewsFever-Tree looks to tequila for future growth, says CEO
The brand has also hinted at bourbon and whisky brand partnerships over the coming year…
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NewsAnnual sales jump 21% at forecourt specialist Applegreen
Petrol forecourt retailer Applegreen is toasting increases in profits, revenue and growth, in its end of year financial statement for 2017.
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NewsCity snapshot: Fever-Tree annual sales jump 66% but margins edge back
Drinks mixer supplier Fever Tree has announced yet another jump in sales, but a fall in its gross profit margin in its preliminary results. Plus, Greencore has announced a major restructure of its US operations and downgraded earnings expectations, Applegreen and CCR update the market and all the rest of this morning’s news from the City
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NewsJigsaw Foods sees 18.1% pre-tax profit slump as costs rise
Despite that, the fast-growing company saw sales growth of 20.7% in the UK and 21.9% in the US…
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NewsJust Eat's City halo slips on earnings guidance cut
The company admitted to far higher investment requirements than anticipated
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NewsTwo-thirds wiped off value of Conviviality after shock profits warning
Shares in Bargain Booze owner Conviviality plunged by more than two-thirds after the alcohol retailer and wholesaler issued a shock profits warning.
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NewsSoaring milk prices hit profits at Yeo Valley
Yeo Valley returned to top-line growth last year, but profits were hit by soaring milk prices and the devaluation of the pound as the business prepares to sell its dairy arm to Arla Foods.
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NewsWaitrose profits down by more than a third
Operating profit before exceptional items was down 32.1% to £172 million for the 52 weeks to 27 January
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NewsCity snapshot: Domino's defies UK consumer caution with sales jump
Domino’s Pizza Group, the UK-based master franchise business, has shrugged of a the struggles of the high street dining sector by posting a double-digit rise in revenues. Plus all the rest of the latest news from the City.
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NewsCity snapshot: Stock Spirits profits hit by tough conditions in Poland
Central and Eastern European spirits producer the Stock Spirits Group has revealed a year-on-year increase in revenue and sales, but a decrease in profits on troubles in its core Polish business. Plus, Aldi signs up to UK Plastics Pact, FTSE 100 dips on trade worries and all the rest of the morning’s news from the City.
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NewsStrong US performance returns PureCircle to double-digit growth
Stevia sweetener producer PureCircle has returned double digit growth of 13.3%, driven by an excellent performance in the United States and Europe.
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NewsFourth quarter volumes fall at Refresco
European bottling giant Refresco, currently subject to a €1.6bn private equity bid, had a disappointing end to the year with volumes and value sales slipping in the fourth quarter.
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NewsAB InBev toasts strong fourth-quarter results
The City was toasting AB InBev after it surprised the market with far stronger fourth-quarter results than expected
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NewsMackie's profits hit by 250% rise in price of cream
Growth in chocolate bar sales as well as exports to the Far East helped ice cream maker Mackie’s grow sales