latest – Page 141
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NewsCity snapshot: Costco third quarter sales miss expectations
Shares in global retail group Costco have slipped in the US despite a 12.1% third quarter sales boost as growth fell short of market expectations. Plus all the rest of the latest news from the City.
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.
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NewsHeron Foods deal boosts annual earnings at B&M
B&M European Value Retail blew off turmoil on UK high streets as its annual profits jumped 25.4%.
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NewsOrnua Foods bounces back into black with £7.1m profit
The dairy co-op saw total revenue hit £319m for the year to 30 December, up 11.6% on the previous year
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NewsM&S launches full review of its food business
Stuart Machin will oversee the review, which will take ‘around two quarters to complete’
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NewsCity snapshot: Stronger pricing boosts bottom line at Tate & Lyle
Tate & Lyle has posted a 23% jump in full year pre-tax profits despite falling sales of its key Sucralose sugar substitute product as improved pricing boosted margins. Plus, PayPoint posts a rise in annual sales and profits, driven by increased retail penetration, Tesco and Booker director takes chairman role at C&C Group and all the rest of the latest news from the City.
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NewsBritvic eyes low sugar opportunities after factory closure dents first half earnings
Robinsons maker Britvic has said an increased focus on low and no sugar brands could work to its advantage after a first half which was impacted by the closure of its Norwich factory.
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NewsDairy Crest to plough £85m into cheese business
Investment will allow Cathedral City owner to increase production capacity and target new export markets
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NewsM&S profits plunge 62% amid store closure costs
Marks and Spencer’s pre-tax profits have plunged by 62.1% to £66.8m for the year, with performance hit by tightening food margins and the cost of store closures.
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NewsExport growth boosts annual sales at Cranswick
Fresh food supplier and producer Cranswick saw sales jump 17% for the year, boosted by strong growth in the export market.
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NewsCity snapshot: Greencore beats expectations despite £18.1m first half loss
Food-to-go manufacturer Greencore has suffered a “challenging” first half of the year, impacted by its struggling US business, but its figures this morning were ahead of analysts’ expectations. Plus, strong exports help boost Cranswick’s annual sales by 17%, Ocado on the rise again and all the rest of the latest news from the City.
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NewsM&S store closures could rise from 60 to 100, reports suggest
Like-for-like food sales are set to be down 0.2%, with clothing and home like-for-likes down 1.1%
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NewsWincanton shows 'robust' growth in profits
Logistics operator signed deals with Ikea and Wilko last year
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NewsPork co-op Danish Crown posts 'satisfactory' results
Tulip’s Danish owner increased operating profits before special items by 1.5% year on year to 1,041 million DKK in the first half of the year
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NewsCampbell Soup Co CEO resigns as company posts profit warning
The CEO of Campbell Soup Company has resigned as shares dived following a profit warning as the company announced its quarterly results
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NewsBatchelors Super Noodles fuel Premier Foods growth
Batchelors Super Noodles pots have “exceeded expectations” since hitting shelves last year
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NewsTurnover up 19% at premium petfood supplier MPM
Sales have surged a premium petfood manufacturer MPM Products, two years after being purchased by a private equity group
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NewsOcado silences doubters with Kroger deal in US
Its agreement with US grocery giant Kroger, which boasts annual sales of $122bn, sent shares into the stratosphere
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NewsAsda hails 'genuine momentum' in sales growth
Asda reported 8.3% like-for-like growth in online grocery sales in the period, while George.com sales soared by 21.9%