latest – Page 81
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NewsTesco’s new boss Ken Murphy says online surge ‘here to stay’
The supermarket has smashed its record for dotcom grocery orders
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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NewsGrenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsAldi chief takes swipe at Tesco’s ‘marketing tricks and gimmicks’
Giles Hurley claimed: ‘More expensive supermarkets can only imitate, not replicate, what we do’
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NewsAldi plans 4,000 new jobs as it invests £1.3bn in new stores and upgrades
It has pledged to invest the money into new and upgraded stores, distribution centres and further innovations across its business
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NewsCity snapshot: Diageo CEO hails resilient performance as recovery continues
Diageo has raised its outlook for the first half on the back of a good start to its new financial year, with the US business performing ahead of expectations.
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NewsWaitrose beef processor Dovecote Park sees 4.3% sales decline
The supplier said sales had fallen due to a 10% drop in beef price
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NewsWhole Foods Market sees losses increase
Amazon-owned Whole Foods Market lost a further £6.7m last year despite slimming down its estate to focus on more profitable London stores.
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NewsCity news: AG Barr shares flourish after showing Covid resilience
Shares in Irn-Bru maker AG Barr fizzed more than 15% higher to 430p on Tuesday after it assured investors of the strength of its balance sheet and floated the prospect of a resumption in dividend payments next year.
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NewsCity snapshot: Pets At Home upgrades profit expectations
Consumers flocked to its shops and veterinary operations over the summer
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NewsPZ Cussons profits dive but Carex is star performer in the UK
Carex drove growth in the first quarter and has increased UK market share to about 40%
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NewsGeneral Mills profits soar as consumers continue to eat more meals at home
Old El Paso recorded double-digit growth in Europe & Australia in the first quarter US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased. Revenues in its first quarter jumped 9% to $4.4bn, with ...
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NewsCity snapshot: Trading improves at SSP as concessions reopen
Trading at travel concession group SSP has improved as sites across Europe continued to reopen
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NewsCity snapshot: Profits lose fizz at Irn-Bru maker AG Barr as lockdown hurts hospitality sales
The shutdown of the hospitality sector during the first coronavirus lockdown in March hit the Irn-Bru maker
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NewsCity snapshot: Coronavirus outbreak takes a slice out of Finsbury profits
Sales and profits have slumped at Finsbury Food Group
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NewsCity News: Ocado enjoys another share price surge following summer sales surge
Ocado’s market capitalisation broke through the £20bn barrier this week
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NewsWhitworths sees coronavirus-driven sales jump as home baking booms
The ingredients and healthy snacking supplier has seen sales jump 10% during the coronavirus period
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NewsCo-op to grow BAME representation in its leadership team
Co-op wants to ensure 10% of its 600-strong leadership team would be from black, Asian or minority ethnic backgrounds by 2025