latest – Page 39
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NewsCity snapshot: Supermarket basket size grows as inflation slows
Shoppers have been encouraged to put more in their baskets as inflation eased back to more manageable levels, according to the latest market data released this morning. Plus, full-year results from Hilton Food Group with a turnaround in seafood helping boost profits
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NewsWho Gives a Crap on a roll with rapid UK growth
Sustainable paper products challenger Who Gives a Crap is racking up rapid growth thanks to a loyal DTC customer base and expanding distribution in retail
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NewsGreggs sales shoot up £300m over the past year
Greggs said the performance had been helped by several initiatives including extending opening hours, and partnering with Uber Eats
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NewsBoots hails strong Christmas as it posts 5.9% quarterly sales growth
It helped Boots to notch up its 12th consecutive quarter of market share growth, according to the trading update
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NewsMorrisons posts strongest sales growth in three years
The Bradford-based grocer on Thursday announced a 4.6% rise in group like-for-like sales (ex fuel) in its first quarter to 28th January
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NewsHovis turnaround picks up under new management team
Hovis has made big strides in its turnaround as significant price hikes helped boost revenues and profitability
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NewsCity snapshot: Ocado Retail hails “strong” Q1 performance
Ocado Retail has made a “strong” start to the year as the joint online venture with M&S continued to grow its market shares. Plus, the grocery latest market share data from Kantar and full-year results from Fever-Tree and AG Barr
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NewsCity snapshot: Virgin Wines UK confident of meeting full-year profit forecasts
Underlying profits have more than doubled at Virgin Wines UK in the first half as the DTC group implemented a turnaround strategy
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NewsCity News: Hangover for Naked Wines investors
Shareholders in Naked Wines suffered another hangover this week as media reports on the online wine retailer hiring Interpath to refinance its debt sent the shares tanking by more than 20%
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NewsCity snapshot: General Mills Q3 profits beat expectations
Profits at US consumer packaged goods group General Mills have risen more than expected in its third quarter as price hikes and cost cutting offset volume declines
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NewsValeo Foods secures €50m cash injection from Bain as turnaround begins
Valeo Foods has secured a €50m cash injection from private equity owner Bain Capital as a turnaround at the ambient giant gets underway
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NewsParfetts enjoys 6.7% turnover boost to £646m
The Stockport-based wholesaler said the sales growth was driven by development of product ranges and more frequent promotions
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NewsCity News: Deliveroo shares rise as it progresses towards break-even
Deliveroo shares were up on Thursday as the delivery giant moved closer to breaking even, but concerns persist over its ability to meet demanding growth forecasts amid cuts to marketing
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NewsGenius losses rise to £2.4m in first year of Katjes ownership
Losses increased at gluten-free bakery Genius Foods in the year of its takeover by German confectionery group Katjes
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NewsOddbox records second year in the red with losses of £3.7m
Food waste campaigner Oddbox has recorded another year of losses as revenue growth reversed amid challenging market conditions for DTC providers
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NewsCity snapshot: John Lewis Partnership bounces back to profit on strong Waitrose performance
The John Lewis Partnership has rebounded into annual profit on strong sales and profit growth at Waitrose, but it will not pay a staff bonus again for the year
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NewsCity snapshot: Resurgent Tesco and Sainsbury’s supports first-half profit growth at Supermarket Income REIT
Property investor Supermarket Income REIT has boosted operating profits by 18% to £45m in the first half following a 10% increase in rent at the company to £104.7m
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NewsCity snapshot: Domino’s Pizza grows sales and profits as costs ease
UK takeaway franchise player Domino’s Pizza group posted a rise in order count and sales last year on new store openings and increased market share
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NewsSome green shoots for food companies despite fall in confidence
In the last quarter of 2023, half of SMEs reported business conditions had deteriorated
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NewsGreggs is a ‘well-oiled machine’ as sales and profits soar
The public’s appetite for sausage rolls and baked slices has remained steady despite the pressures of the cost of living crisis, as shown in bumper results from Greggs this week