latest – Page 59
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NewsCity Snapshot: Pets at Home raises profits guidance as shoppers splurge on Christmas presents for pets
Pets at Home Group has lifted its profit expectations after a bumper Christmas as momentum picked up during lockdown carried on throughout 2021. Plus, Premier Foods appoints Tania Howarth, former COO at Nomad Foods, to its board.
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NewsCity snapshot: Rémy Cointreau sales surge amid ‘exceptional’ spirits market
French spirits group Rémy Cointreau has posted sales growth of 21% in its third quarter as demand for cognac rebounded.
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NewsCake Box shares tumble after reporting errors uncovered
Shares in AIM-listed bakery chain Cake Box have tumbled almost 22% today after it admitted “inconsistencies” in its financial reporting
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NewsMy Fabulosa reports doubling of sales as it shakes up household
Founder and MD James Sharpe told The Grocer the company was on track to continue its meteoric growth in 2022.
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NewsCity snapshot: Omicron hits Christmas retail sales
UK retail sales fell back over the crucial Christmas period as Omicron kept shoppers away from stores.
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NewsAF Blakemore forecasts 20% uptick in sales by end of financial year
The wholesaler praised the effective planning and additional capacity generated from its new Bedford distribution centre for keeping up with demand
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NewsCity snapshot: Premier Foods ups profits guidance on continued branded growth
Premier Foods saw sales edge back from elevated levels last year in its third quarter, but has upgraded its earnings expectations on continued strong trading so far in its financial year. Plus trading updates from ABF and Deliveroo and all the rest of the latest news from the City.
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NewsCity Snapshot: WH Smith recovery stalls as Omicron hits travel stores
The emergence of the Omicron variant stalled the recovery at the WH Smith travel business, but it still put “a good performance” on the high street in the run up to Christmas. Plus, UK inflation surges in December and trading updates from Science in Sport and Devro.
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NewsCity snapshot: THG margins fail to meet expectations as revenues surge past £2bn
THG has said its 2021 profit margins will be below market expectations, but has pointed to a recovery in 2022 amid continued strong revenue growth. Plus, Hotel Chocolat raises expectations following strong festive sales growth.
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NewsTesco opens new UFCs as online expansion steps up a gear
The Grocer can reveal the latest site will be the Horwich Extra store, in Bolton
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NewsCity rewards Sainsbury’s over the big winners of Christmas Tesco and M&S
If Tesco and Marks & Spencer were the big listed grocery winners of Christmas, they received scant reward from the City this week, which sent shares down on their Christmas trading updates
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NewsFortnum & Mason sees online growth drive Christmas sales
Fortnum & Mason also recruited over 700 additional staff over the festive period to support the surge in online demand
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NewsTesco promises collaborative fight with suppliers against inflation
CEO Ken Murphy said Tesco’s suppliers had “stepped up magnificently” to the challenges of the pandemic
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NewsCity Snapshot: Tesco hikes profit forecast after market share hits four-year high
Tesco has upgraded its profit expectations after strong growth in its third quarter and over Christmas. Plus, M&S posts bumper festive grocery growth, trading updates from Hilton Food Group, and Finsbury Food Group and all the rest of the latest news from the City
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NewsBerry Bros & Rudd sees Christmas sales fizz as drinkers celebrate at home
The fine wine merchant saw a further increase in sales over the festive period on top of a bumper 2020, with sales up a third on pre-pandemic levels
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NewsSainsbury’s pledges to keep prices low amid mounting food inflation
CEO Simon Roberts said he was committed to giving customers “the best value to really support them”
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NewsCity Snapshot: Sainsbury’s lifts profit forecasts despite Christmas sales slump
Sainsbury’s has lifted its profit guidance for the year despite a fall in sales over the key Christmas trading period. Plus, Just Eat Takeaway misses full-year growth target, and Vimto maker Nichols issues full-year trading update.
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NewsCity snapshot: Lidl claims crown as the UK’s fastest growing bricks and mortar retailer over Christmas
Lidl GB posted annual sales growth of 2.6% over the Christmas period, claiming its festive performance places it as the country’s fastest growing bricks and mortar retailer for the second year running
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NewsBooths sees 6.5% sales growth over Christmas trading period
COO Nigel Murray said he was “delighted” to report growth on growth figures for a third consecutive year
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NewsCity Snapshot: Aldi vows to keep prices low after record-breaking Christmas
Aldi has stepped up a price war against its supermarket rivals with a commitment to offering customers the lowest prices in 2022 after reporting its best-ever Christmas.