latest – Page 82
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NewsLockdown demand spike drives sales jump for Hilton Food Group
Sales were boosted by increased UK participation with Tesco and increased home consumption driven by Covid
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NewsSoaring food sales boost Co-op first half performance
Total revenues in the 26 weeks to 4 July were up 7.6% to £5.8bn driven by the strong performance of its food and wholesale arms
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NewsCity Snapshot: John Lewis Partnership scraps staff bonus as it suffers £635m loss
The John Lewis Partnership has scrapped its annual staff bonus as it suffered a first half loss of £635m amid restructuring costs and heavy writedowns of its John Lewis store estate. Plus, grocery sales boom at Co-op, update from Hilton Food Group and all the rest of the latest news from the City.
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NewsCoronavirus outbreak hits first half sales at Science in Sport
Sports nutrition group Science in Sport posted a drop in first half sales and an underlying operating loss given the “severe disruption” to its business caused by the COVID 19 pandemic
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NewsCity snapshot: Ocado sales surge by 52% ahead of M&S switch
Ocado’s retail revenues soared by 52% in the 13 weeks to August due to sharply rising demand for online groceries - plus, growth slows in August as more meals are eaten out according to the latest grocery market share figures.
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NewsCity News: Morrisons shows surge in demand is double-edged sword
The retailer on Thursday revealed a jump in first-half sales could not mitigate the extra costs caused by the coronavirus
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NewsCity snapshot: Morrisons profits dented by extra coronavirus costs
Morrisons has reported a surge in first half sales, but a double-digit fall in profitability as the extra costs of operating through the coronavirus crisis hit its bottom line.
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NewsBakkavor first half sales drop in ‘challenging’ market
Ready meals maker and fresh foods producer Bakkavor saw a 4.6% fall in first half revenues as Covid-19 had a “significant impact” on performance.
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NewsCity snapshot: Wincanton raises market expectation on back of online demand
The online shopping boom during the coronavirus pandemic has significantly boosted revenues and profits at logistics group Wincanton
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NewsCity snapshot: Fever-Tree sales and profits slump amid coronavirus lockdowns
Premium drinks mixer producer Fever-Tree saw a double-digit drop in sales and profitability as the shutdown of bars, pubs and restaurants hit first half trading. Plus, on a hectic morning, retail sales rebound in August, trading updates from Bakkavor, McBride, DS Smith and Applegreen joins US service station project
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NewsCity snapshot: ABF profits boost from rising grocery sales
Associated British Foods has benefitted from a surge in grocery sales during the coronavirus outbreak and better-than-expected trading at Primark in the fourth quarter
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NewsBulldog sales growth bucks coronavirus-driven personal care weakness
Strong growth has continued at Bulldog Skincare despite the coronavirus outbreak creating uncertainty for the personal care category.
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NewsArla posts strong lockdown results but warns of future cost-cutting
The dairy co-op saw UK revenues grow by 4.7% in the first six months of 2020, driven by strong in-home consumption
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NewsCity snapshot: Branded sales growth helps Arla shrug off coronavirus challenges
Danish dairy giant Arla grew its first half revenues by 2.8% driven by branded sales and retail growth, The Hut Group confirm £4.5bn September float plan, B&M promoted to the FTSE 100 and all the latest news from the City.
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NewsCity snapshot: Sweet sales growth for Cake Box as stores reopen
Cream cake retailer Cake Box is giving back furlough cash and paying shareholders a special dividend after a strong performance since the easing of lockdown. Plus Nestlé is set to acquire biopharmaceutical company Aimmune Therapeutics and all the rest of the latest news from the City.
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NewsTiptree owner Wilkin & Sons blames ‘tough’ market as sales slow
Growth fell back at premium jam maker Wilkin & Sons last year amid a slowdown of international sales and a “tough” UK retail market
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NewsCity snapshot: Hain Celestial sales and profits rise but shares drop amid sober outlook
Ella’s Kitchen owner Hain Celestial grew fourth quarter sales and reversed last year’s operating loss as it continues to simplify its portfolio.
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NewsBerry Gardens-led consortium gains £2.5m funding for robotics trial
The trial will see robots deployed to help pick and pack fruit at a strawberry farm in Kent
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NewsCity snapshot: Ultimate Products returns furlough money as profits hold firm
Consumer goods group Ultimate Products has repaid all the money received during the pandemic under the government’s furlough scheme
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NewsCity News: Cranswick shares hit all-time high on soaring first-quarter sales
Meat producer Cranswick surged to an all-time high this week, but the shares eased back downwards through the week as worries surfaced around its ability to maintain this stellar growth