latest – Page 17
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NewsBoots market share growth continues in third quarter
Like-for-like retail sales grew by 6% in the three months to 31 May, while pharmacy sales rose 5.4%
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NewsReturn to growth provides shot in the arm for THG shares
Shares in THG have rallied to a three-month high after the business returned to growth in Q2
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NewsCooks Coffee sales and profits surge as expansion pays off
The franchise café chain aims to have 300 stores by 2034
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NewsAsda falls £600m into the red amid turnaround battle
The slide from a £180m pre-tax profit to a £599m loss in 2024 came as food sales lagged expectations, falling 3.7% on a like-for-like basis, according to newly filed accounts for parent company Bellis Finco
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NewsBrewDog posts return to EBITDA growth despite flat revenues in 2024
Adjusted EBITDA in the year ended 31 December 2024 stood at £7.5m
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NewsEnergy drink brand Prime crashes as sales suffer 71% collapse
Prime Hydration UK’s profits also vanished as revenues slumped last year
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NewsMorrisons fresh meat counters move to mostly prepacked model
Morrisons said under the new model its in-store butchers would cut meat at the start of the day into a variety of different pack sizes
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NewsPZ Cussons puts investors in a lather as shares fall on transformation update
PZ Cussons failed to convince the markets this week on the progress of its ongoing transformation as the personal care group sold off its stake in the Nigerian edible oils business for £51m
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NewsFlora Food Group sales and profits slump in promotion push
Profits at Flora Food Group have declined in the UK as the former Unilever spreads business invested in lower prices and a major marketing campaign for Flora to highlight its dairy-free credentials
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NewsPerfectTed tops startup ranking with 500% growth spurt
Matcha energy drink startup PerfectTed’s staggering growth spurt over the past two years has made it the fastest-growing founder-led startup in the UK
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NewsPZ Cussons flogs African palm oil business but EPR rules in UK hit profits
PZ Cussons has sold its stake in a Nigerian edible oils business for £51m as the London-listed personal care group makes progress on efforts to simplify the group
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NewsTesco credit rating boost follows strong results
Tesco is in good shape to cope with a supermarket price war, according to S&P, leading to an upgrade from the credit ratings agency
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NewsTesco share price climbs higher after strong start to the year
Tesco fought off intensifying competition from traditional and discount rivals to continue its run of growing market share in the first quarter to 24 May
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NewsWarburtons defies downturn in wrapped bread as sales rise
Revenues at the group increased 4.2% to £741.1m in the year to 28 September 2024, with volumes defying the structural challenges in the wrapped bread segment of the market by rising 2.9% year on year
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NewsTesco boss Ken Murphy admits rivals have ‘upped their game’ in supermarket price war
Tesco’s sales hit £12.3bn in the quarter as its market share climbed to 28% in the latest Kantar results.
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NewsTesco wins more market share as Finest range goes from ‘strength to strength’
The rise in sales beat City expectations, with Tesco highlighting a strong performance from its premium Finest range
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NewsVK and Hooch owner Global Brands suffers sales hangover from introduction of lower abv for its alcopops
Global Brands reduced the abv of its alcopops so it could pay a lower tax rate
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NewsMedia Bites 10 June: consumer spending, spending review nerves, e-cig flop
Today’s food and drink headlines are dominated by the doom and gloom of new figures showing families are cutting back on spending in the shops in their droves
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NewsMash Direct back in the black after ‘reset with purpose’
Mash Direct grew sales to just under £24m in the 10-month period to 31 December 2024, according to its latest accounts
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NewsBrown-Forman forecasts sales and profit declines citing tariffs
Brown-Forman is less exposed to tariffs than other booze suppliers as it has a large US production presence