latest – Page 79
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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
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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.
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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.
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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.
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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
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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.
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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.
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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
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NewsBread Holdings profits hit record levels despite Covid challenges
A boom in demand for premium bread throughout lockdown helped the business as it focused on selling the Gail’s and Bertinet brands in supermarkets.
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NewsEG Group hails performance of foodservice brands in Q3
Revenues at EG Group soared more than 20% in the third quarter thanks to its growing foodservice business
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NewsCity snapshot: Greencore returns to profit on food to go recovery
Food to go specialist Greencore has returned to profit as revenues recovered due to the relaxation of Covid restrictions. Plus, updates from Treatt, Marston’s and all the rest of the latest news from the City.
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NewsAsda charters cargo ship to shore up Christmas supply
Asda has chartered its own cargo ship to protect the availability of key festive products including decorations, toys, clothing and gifts
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NewsIrn-Bru maker AG Barr’s shares fizz higher on profits upgrade
The group continued to benefit from the return of trading with the hospitality industry and consumers drinking out of the home again.
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NewsOne Stop reports 10.7% pre-tax profit slide but revenue spikes
As of February, store numbers were back in growth across its company-owned estate at 701 sites
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NewsCity Snapshot: McColl’s expands Morrisons Daily conversion programme
Embattled McColl’s Retail Group has agreed an extension with wholesale partner Morrisons to convert a further 100 of its stores to the Morrisons Daily fascia. Plus, AG Barr upgrades full-year profit expectations as recovery continues.
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NewsGraze battles fall in impulse while DTC business drops again
Bought by consumer giant Unilever in February 2019 as a DTC play, Graze was not able to offset the loss of sales in impulse
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NewsTonic wine Buckfast hits the buffers as Covid dampens demand
Newly filed accounts for Buckfast distributor J Chandler & Co show sales reversed by 10.8% in the year to 31 March 2021
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NewsKitwave profits better than expected as Covid recovery gains momentum
Kitwave has upgraded profit expectations as trading recovered to pre-pandemic levels and the wholesaler escaped the worst of the HGV driver crisis
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NewsCity snapshot: Rémy Cointreau upgrades guidance as sales surge past pre-pandemic levels
French spirits player Rémy Cointreau has upgraded its full year guidance after first half revenues jumped 52% driven by the global recovery from Covid. Plus results from Paypoint, Mitchells & Butlers and all the rest of the latest news from the City.
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NewsLidl GB CEO: this Christmas ‘much harder work’ than any before
Lidl is in a much better place than 12 weeks ago, and expects to a deliver a great Christmas for customers despite new isolated issues daily