latest – Page 86
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsBigger baskets and large store growth drives Spar UK 2019 sales increase
Spar International reported sales of €37.1bn for the year ending 31 December 2019, representing a 4.4% increase in revenue
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NewsConcerns for Typhoo’s future as it reports continued huge losses
Typhoo Tea has reported mounting losses in a “watershed” year for the business, raising doubts on the historic tea brand’s ability to continue trading
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NewsProfits rise at Fullers Foods as it maintains supply through coronavirus crisis
Frozen specialist Fullers Foods has remained “fully operational” during the coronavirus crisis as it posted a jump in full-year profits.
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NewsCity snapshot: Fever-Tree reports off-trade sales surge amid wider lockdown hit
Fever-Tree has experienced a jump in off-trade sales during the coronavirus shutdown, but has warned the closure of bars and restaurants across its key markets will have a “material impact” on full-year trading
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NewsStrong avocado demand boosts Greencell annual sales
The company’s revenues rose by £9m as a result of volume growth in its retail business
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NewsCrediton Dairy sees sales jump 7% in ‘year of transformation’
The supplier was buoyed by a ‘strong increase’ in sales of its growing range of added-value, branded and own-label dairy drinks
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NewsCity snapshot: SSP swings to interim loss as coronavirus hits
SSP Group has swung to an interim loss as the coronavirus pandemic “heavily impacted” its trading, while announcing a call for investors to reinvest the dividend payment by buying new shares in the company.
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NewsThatchers sales top £106m as it bucks downward cider trend
Cidermaker Thatchers “outperformed” the wider market last year as its annual sales continued past £100m and profits grew.
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NewsFrank Roberts & Son sees profits soar to £3.2m
Frank Roberts & Son has seen profits more than double in the past year despite operating in the challenging wrapped bread market
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NewsFarmdrop needs ‘significant’ funding to sustain expansion
‘Material uncertainty’ concerns the future of the online supermarket Farmdrop’s auditor warns
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NewsCity snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
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NewsCity snapshot: Paypoint card transactions surge during coronavirus outbreak
Paypoint has seen card transactions increase around 75% in April and May as shoppers are urged to ditch cash to prevent spreading the coronavirus
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NewsWaitrose profits sliced in half as restructure plan takes toll
Exceptional costs of more than £30m related to redundancies at head office and store closures
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NewsCostcutter plans to keep ‘lifeline shoppers’ as results show 10% sales hike
Sales in the four months to the end of April were up 22%, excluding tobacco
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NewsGreencore to reopen Atherstone food-to-go manufacturing site
CEO Patrick Coveney told The Grocer the convenience food manufacturer was preparing for a “volume comeback” in its food-to-go business
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NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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NewsM&S set to gravitate away from high streets more after coronavirus
Struggling travel franchise sites and some city centre locations have contributed to sluggish food sales during the crisis
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NewsDanish Crown enjoys best-ever start to the year after Tulip divestment
The Danish farming co-op saw net profit climb 46% on the back of its sale of UK processor Tulip and soaring demand
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NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.