latest – Page 9
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NewsChapel Down hails ‘strong Christmas’ with off-trade sales recovery
Supermarket sales have improved after a dismal first half showing
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NewsAssociated British Foods cuts guidance due to tough UK market
Morgan Stanley and Citi both lowered their ratings on ABF this week due to concerns over Primark’s sales outlook
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NewsCooks Coffee UK expansion gets off to slow start
The owner of Esquires Coffee set out plans last year to hit 305 stores by 2035
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NewsOddbox moves closer to profitability after business reset
The wonky veg box company has seen sales falter with three successive years of falling revenues
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NewsCity snapshot: Premier Foods and Cranswick boosted by premium desire
Premier Foods raised its profit guidance after a strong Christmas quarter for its branded products, while Cranswick said its premium lines did ‘extremely well’.
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NewsCranswick celebrates record Christmas as shoppers go premium
The meat processor said its premium value-added products performed ‘extremely well’ in the 13 weeks to 28 December
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NewsPremier Foods lifts profit guidance after merry Christmas quarter
Premier said there was a notable increase in premium sales
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NewsCaffè Nero records highest day of sales in ‘record’ Christmas
The chain recorded positive Christmas results, with sales up from the same period last year
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NewsCity snapshot: Higher palm oil prices drive profits performance at MP Evans
MP Evans is set to report “strong” results for 2024 thanks to a boost to palm oil prices during the year. Plus, Poundland set for radical restructure and Britvic shares cease trading on London Stock Exchange. And this week’s City diary
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NewsCity Snapshot: McBride shares soars as dividend reinstated on strong trading performance
Shares in McBride have surged this morning as the own-label household cleaning products supplier guided for a continued improvement in profitability and higher revenues. Plus, ONS retail sales data for December and Aldi reveals London expansion
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NewsSupermarkets suffer ‘a very poor month’ in December: ONS
Volumes in food stores slumped by 1.9% in December, contributing to an unexpected contraction for British retail sales last month, according to the latest gloomy economic data to be released this morning
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NewsSuperdrug sales up 6.6% over Christmas
Same-store like-for-like sales were up 5.1%, the health & beauty retailer said
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NewsOcado rollercoaster continues as shares soar on Christmas update
Ocado shares raced 13% higher to 305p following the update on Tuesday morning, with investors most likely focusing on the FY25 guidance promising further ‘market-leading sales growth and volume momentum’
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NewsInnocent slashes annual losses on factory ramp-up and market share gains
Innocent Drinks has slashed its losses after heavy investment in its new Rotterdam factory drove efficiencies amid rising sales and regaining market share
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NewsCity snapshot: Bakkavor and Deliveroo look strong while Poundland woes go on
Bakkavor grew revenue by 4% last year despite strike disruption. Also, Deliveroo see “encouraging signs” from its souped up loyalty scheme while Poundland’s struggles continue.
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NewsPoundland’s weak trading carries into new financial year – and Christmas
The group has put the brakes on Poundland estate expansion for the year
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NewsDeliveroo’s souped up loyalty programme giving aggregator app a boost
The app is also seeing ‘strong growth’ in grocery
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NewsBakkavor revenue grows 4% despite strike-fueled shortages
The UK continues to be Bakkavor’s strongest performing market
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NewsNichols on track to hit ambitious growth targets
Nichols set out ambitious medium-term growth targets in November, including revenue growth of 30% by 2029
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NewsDistil hit by spirits downturn as shoppers save cash over Christmas
Embattled spirits supplier Distil suffered a massive drop in sales in the run-up to Christmas as shoppers prioritised spending and traded down to own label