more results news & analysis – Page 10
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NewsFortnum & Mason to launch loyalty scheme as profits soar
The ‘royal’ grocer Fortnum & Mason wants to capitalise on a ‘desire for a sense of belonging’ from its ‘best’ customers, said CEO Tom Athron
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NewsLindt sees strong growth as price hikes offset record cocoa prices
Lindt said it was ‘a challenging year characterised by record-high cocoa costs’
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NewsMcKeon returns as Allan Leighton announces Asda management revamp
The supermarket said it was bolstering the food team with former Accolade Wines boss Ade McKeon rejoining Asda as vice president for ambient
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NewsNomad Foods looks to recover momentum after major tech disruption
In November, disruption caused by new software forced the company to lower its forecast revenue growth
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NewsCity Snapshot: Ocado Retail scores ‘record breaking Christmas’
The retailer was boosted by more people choosing to do some of their Christmas grocery shopping online, with total UK online spend for the month reaching a record £1.6bn.
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NewsOcado keeps up momentum to end year on a high
Revenue grew by 17.5% in the final quarter as the online retailer drew in more loyal shoppers
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NewsYoung’s and Karro owner Sofina eyes growth as sales top £2bn
Sales at the protein giant, part of Canada-based Sofina Foods, climbed by 5.6% to £2bn in the 53 weeks to 30 March 2024
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NewsPoundstretcher sinks to loss before acquisition but now ‘well positioned’ for growth
The retailer made pre-tax loss of £9.8m in the year to 31 March 2024, slipping from a £5m profit the year before
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NewsDiscount Dragon doubles revenue despite straining warehouse capacity
Discount Dragon also delivered a modest adjusted EBITDA profit for the first time in the month of October 2024
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NewsCity snapshot: EG Group set for $13bn New York IPO
Forecourt operator EG Group is readying a $13bn stock market flotation in the US for later this year. Plus, trading updates from Huddled and Eagle Eye
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NewsGreggs hit by ‘weak consumer confidence’ as growth slows to 2.5%
The chain surpassed £2bn in sales for the first time, but still faces ‘tough headwinds’
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NewsBoots posts strong Q1 results but warns of ‘heightened cost pressures’ after budget
‘Looking forward, we face heightened cost pressures in 2025,’ said Boots UK & Ireland MD Anthony Hemmerdinger
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NewsCity snapshot: Sainsbury’s offers 5% pay rise following ‘biggest-ever’ Christmas
Sainsbury’s is to reward staff with an inflation-busting pay rise after they helped the supermarket deliver its “biggest-ever” Christmas
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NewsSainsbury’s celebrates record Christmas but Argos remains a drag
Sainsbury’s premium Taste the Difference own label range outperformed rivals to help the supermarket to a record Christmas despite ongoing weakness at Argos
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NewsValeo ‘on track to be sweets champ’ despite ongoing losses
Valeo Foods is on track to become “the undisputed European sweets and treats champion” despite annual losses topping €100m, its boss has said.
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NewsM&S and Tesco shares sink despite record Christmas performance
Supermarkets may be celebrating a record Christmas, but the markets remained thoroughly unimpressed by retail stocks on a busy Thursday of trading updates
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NewsWyke Farms boss warns businesses face ‘relentless’ cost hikes
Rich Clothier said the ’tough year’ just gone could be overshadowed by a ‘seismic’ and irreversible ’tsunami of extra costs’ over the next 12 months
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NewsTesco boss Ken Murphy accuses rivals of phoney price war
Murphy said Tesco has now been the UK’s cheapest full-line grocer for over two years
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NewsM&S chief calls on government for ‘growth plan for the country and business’
Speaking as M&S announced its Christmas trading results, Stuart Machin said extra costs arising from the budget would affect the retailer’s approach to recruitment
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NewsHilton Foods hails strong Christmas trading period
The meat supplier was helped by the launch of new premium products in the UK.