latest – Page 195
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NewsGraze boxes up 31% sales growth
Online snack delivery service Graze notched up underlying sales growth of 31% in the year to 28 February 2014, it revealed today.
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NewsWhittard profits climb as it chases global presence
Tea and coffee specialist Whittard of Chelsea saw annual profit rise by 43% last year as it extended its London retail footprint.
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NewsAldi profits soar 65% as it boasts of ‘best value’ groceries
Pre-tax profits at Aldi soared 65.2%, the discounter revealed today, as it claimed to offer “the best value in UK grocery retail”.
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NewsMPK Garages sees profits and sales rocket
Forecourt operator MPK Garages has posted double-digit increases in full-year sales and profit after picking up new stores…
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NewsCooltraders help hike Heron Foods turnover to £250m
The acquisition of 54 Cooltrader stores a year ago boosted turnover at Heron Foods by 28% to £250m in 2013…
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NewsMars Chocolate profits fall despite turnover growth
After its profit revival in 2012, Mars Chocolate saw pre-tax profit fall by 7% last year.
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NewsBirds Eye owner Iglo Group records revenue dip
Iglo Group, the European owner of Birds Eye, saw a 0.9% slide in constant currency sales during the second quarter due to “tough market conditions”.
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NewsTesco admits McIlwee not in charge of finance for five months
Tesco faced yet more questions over its financial management today after it admitted it had effectively been without a director in charge of finance for the past five months.
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NewsGrocery market growth at record low as Tesco and Sainsbury's take a hit
Overall grocery market growth has slowed to a record low of just 0.3% as inflation fell to zero according to the latest Kantar Worldpanel market share figures for the 12 weeks to 14 September.
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NewsPZ Cussons shrugs off Nigerian market disruption
St Tropez brand ambassador Kate Moss helped give PZ Cussons a healthy glow in its most recent quarter despite tough UK trading conditions and disruption in its African markets.
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NewsAG Barr signs Snapple distribution deal after strong first half
Irn-Bru manufacturer AG Barr has posted a near 15% jump in first half pre-tax profits and announced a 10-year deal to distribute the Snapple brand in the UK.
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NewsTesco shock profit warning: the City reacts
Tesco shocked the City today by announcing it had discovered it had overstated its profits by £250m. Here’s our round-up of how leading City and industry analysts reacted to the news.
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NewsTesco admits a £250m overstatement of profits
Tesco has stunned the city this morning by admitting that it may have overstated its profits for the half year by as much as £250m.
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NewsRobin Terrell to lead Tesco UK as investigation into £250m profit hole kicks off
Tesco head of online operations Robin Terrell is to lead the retailer’s UK business as it kicks off an urgent investigation into how its half-year profit guidance ended up being overstated by £250m.
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NewsFinsbury Food set to drive growth through acquisitions
Cakes and baked goods supplier Finsbury Food Group has revealed it is looking to double in size through acquisitions.
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NewsDairy Crest to close two sites amid 'challenging' market conditions but profits on track
Dairy Crest has announced plans to close two of its sites – with the potential loss of 260 jobs – as it warned about growing pressure from falling retail milk prices and “extremely volatile” dairy commodities markets.
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NewsHovis sales back on uphill trend after split from Premier
Hovis – which lost £56m in retail sales last year – has returned to growth…
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NewsMorrisons honours dividend pledge despite plummeting profits
Morrisons’ underlying profits before tax plunged 51% to £181m in the six months to 3 August…
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NewsMorrisons’ profits plunge in first half as price war eats margin
Morrisons’ underlying profits before tax fell 51% to £181m in the six months to 3 August on the back of the retailer’s price-cutting strategy, while like-for-like sales fell 7.4%.
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NewsWaitrose profits fall as store investment soars
Waitrose’s operating profit plunged by 9.4% during the first half despite rising sales.