latest – Page 77
-
NewsCity Snapshot: Covid restrictions hit Christmas trading at M&S
Marks & Spencer has reported an 8.4% drop in third quarter sales, with food growth of 2.2% not enough to compensate for a plunge in general merchandise sales.
-
NewsPrinces profits more than doubled in lead up to first lockdown, results show
It comes three years after Princes kicked off a major revitalisation plan to bring the business into the 21st century
-
NewsCity Snapshot: Sainsbury’s raises profits guidance after festive growth of 9.3%
Sainsbury’s has posted Christmas like-for-like sales growth of 9.3% after releasing its festive trading update early due to it raising its profits guidance.
-
NewsOnline drives Christmas grocery sales surge
Supermarket sales grew 8.4% over the festive period with almost £12bn spent at the grocers as online shopping surged during Christmas, according to Nielsen.
-
NewsYoung’s & Karro register big sales growth after addition to Eight Fifty Food Group
It was the first time both companies had filed financial results since the creation of the ‘surf and turf’ umbrella group
-
NewsMorrisons' Christmas sales surge 9.3%
Morrisons has reported a 9.3% growth in group like for like ex-fuel sales over the festive period as rising sales have mitigated the extra costs from the coronavirus tiering rules
-
NewsCity snapshot: Covid Primark closures cost ABF a further £220m
Associated British Foods has said the tightening of coronavirus restrictions will cost the group an extra £220m on top of the previously announced £430m. Plus, the FTSE starts the year strongly after Brexit deal and all the rest of the latest news from the City.
-
NewsOne Below sees expansion opportunity as retail failures leave stores vacant
The chain is also negotiating better terms with landlords whenever leases come up for renewal, according to its accounts
-
NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
-
NewsInnocent global growth drives sales surge as it slips to loss
Innocent’s sales surged past £400m last year, though the group fell to a loss as it funded expansion across Europe and beyond
-
NewsThe Fresh Produce Centre posts operating loss, first full accounts show
Fresca Group’s recently formed retail-focused fresh produce business endured a ‘turbulent’ first full year of operating
-
NewsCity Snapshot: SSP Group loses £426m amid COVID sales collapse
Travel specialist SSP Group has reported a near-50% plunge in annual revenues and a £426m pre-tax loss due to the coronavirus. Plus, Cranswick withdraws from IPN race, Sainsbury’s Bank names new chair and all the rest of the latest news from the City.
-
NewsHeart of England Co-op half-year update records soaring food sales
The society’s newest stores, including Rotherham Road in Coventry and Sketchley Brook in Hinckley, all recorded ‘significant’ increases
-
NewsCity News: Ocado shares drop despite profits upgrade
It’s not often a profits upgrade is accompanied by a share price plunge
-
NewsPlant-based demand balances Covid losses for Authentic Food Co
Growing demand for plant-based foods in supermarkets has helped Beyond Meat’s UK distribuer The Authentic Food Company steer through Covid-related declines
-
NewsAsda paid Walmart £1.15bn dividend despite profits drop
Asda paid a £1.15bn dividend to US owner Walmart last year, even as its profits slumped by more than a quarter
-
NewsCompagnie Fruitiere eyes UK expansion as sales leap 28%
The French firm’s UK division principally supplies bananas to at least two major retailers
-
NewsYeo Valley bounces back after restructure leads to 72% profit hit
The supplier saw pre-tax profits rise by 31.6% to just under £4m for the year to 31 May 2020
-
NewsCity snapshot: Ocado hikes profits forecast on retail sales surge
Ocado has hiked its full year profits forecast as its UK retail sales continue to boom as grocery shoppers stay at home. Founders and Blackstone bid for Applegreen. Plus, trading updates from McColl’s, Marston’s and DS Smith and all the rest of the latest news from the City.
-
NewsNomad Foods upgrades 2020 expectations as sales soar in second lockdown
Sales at Birds Eye owner Nomad Foods have rocketed once again as locked down shoppers continued to stock up freezers as they ate all their meals at home in November.