latest – Page 60
-
NewsPositive signs for festive retail as Greggs and B&M hike profits expectations
There were positive signs for the retail sector in the first Christmas trading updates of the season on Thursday, after both Greggs and B&M European Value Retail hiked profits expectations after strong festive showings
-
NewsPrinces’ sales and profits benefit from Covid demand spike
Tinned food giant Princes has benefited from a spike in demand during the Covid period to grow profits and sales in its 2020/21 financial year
-
NewsOmicron saves Christmas for the grocers, with Tesco, Lidl, Aldi and Ocado the standouts
Tesco and the discounters have emerged as the winners in the battle for Christmas sales, according to industry data.
-
NewsWilliam Jackson Food Group posts loss following impairment on Belazu brand
The Covid-induced plunge in foodservice sales saw the group revise financial forecasts for Belazu
-
NewsLily’s Kitchen sales soar 40% in first year of Nestlé ownership
Turnover jumped more than £15m to £55.4m in the 12 months to 31 March 2021.
-
NewsCity Snapshot: C&C Group Christmas trading hit by Omicron
Magners producer and beer and wine distributor C&C Group has warned that its profits could be impacted by a significant downturn in trading in December amid the spread of the Omicron Covid variant
-
NewsBoots comparable sales up 16.3% in three months to 30 November
Boots’ online sales were nearly double pre-Covid levels, according to today’s trading update
-
NewsCity snapshot: Greggs’ CEO Whiteside to retire as it upgrades profit guidance
Food to go and bakery giant Greggs has lifted full year earnings expectations despite “tough trading conditions” as it announces the retirement of long-time CEO Roger Whiteside. Plus, upgrades from retailers B&M and Next though Christmas footfall disappoints.
-
NewsCity Snapshot: Parsley Box hires former John Lewis exec as managing director
DTC meal delivery firm Parsley Box has created a managing director role to free up CEO Kevin Dorren to focus on strategic growth opportunities. Plus, General Mills warns of significant input cost inflation and elevated costs related to supply chain disruptions in Q2.
-
NewsCamden Town Brewery losses rise despite supermarket sales increase
Volumes in the off-trade almost doubled in the year ended 31 December 2020. However, these sales were not enough to offset the lost trade at pubs, restaurants and other foodservice venues.
-
NewsYeo Valley profits rise as demand for health-focused yoghurt soars
Newly filed accounts for Yeo Valley Production for the year to 30 May 2021 showed sales were up 5% to £265m
-
NewsOnline grocer Farmdrop cancels Christmas deliveries as it falls into administration
Online grocer Farmdrop has ceased trading after failing to secure the funding needed for its survival, The Grocer has learned
-
![Finnebrogue Packs_and_HFBW_logo_CMYK[1]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/8/1/7/252817_finnebroguepacks_and_hfbw_logo_cmyk1_805960_crop.jpg)
NewsFinnebrogue posts £50m growth across group of businesses
The total of £148.7m was 48.7% higher than the £100m (annualised) turnover of the three businesses during the previous 12 months
-
NewsCity snapshot: McBride widens loss forecast on input costs spike
Private label household goods manufacturer McBride has downgraded earnings expectations due to ’very significant’ inflationary pressures outpacing its price increases. Plus, Domino’s Pizza Group strikes new franchisee agreement and M&S agrees new green funding package.
-
NewsCity snapshot: Ocado sales dented by labour shortage
Ocado sales fell back 4% in its fourth quarter as labour shortages, temporary capacity contrants and the normalisation of consumer shopping behaviour dented the online supermarket’s growth. Plus, store growth boosts Pepco’s profits and grocery sales fall back in November.
-
NewsCity Snapshot: Boots explores sale of Aromatherapy Associates
Boots is set to sound out potential buyers for Aromatherapy Associates, according to reports. Plus, CBD brand Love Hemp reports boost in annual revenues.
-
NewsCity News: Investors stick with SSP Group despite Omicron wobble
The Omicron Covid variant may have wobbled travel food retailer SSP Group’s ongoing recovery, but investors remained unshaken this week by a second £400m loss and the threat of further travel disruption
-
NewsCity snapshot: Packaging demand boosts sales and profits at DS Smith
FTSE 100 packaging player DS Smith grew revenues and profits at a double-digit rate in the first half of its financial year driven by strong demand from the ’resilient’ fmcg sector.
-
NewsCity Snapshot: McColl’s warns of continued supply chain disruption as revenues fall by £140m
McColl’s has warned it will continue to be hit by supply chain shortages as the c-store group revealed revenues tumbled 11.2% to £1.1bn in 2021. Plus, SSP sinks to another loss of more than £400m, and Nestle sells 4% of its L’Oreal holding.
-
NewsCost price increases up by double digits Greencore warns
Greencore said packaging and labour costs had increased, leaving it no choice but to increase prices