more results news & analysis – Page 10
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News
City News: Naked Wines shares plunge on £15m loss
Naked Wines shares plunged to new multi-year lows this week after it fell to a £15m loss and downgraded earnings expectations amid a “slower than expected” start to its trading year
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Co-op Food MD Matt Hood vows to put more pressure on police over shoplifting
Co-op Food like-for-like sales were up 4% in the first of 2023 – but ‘leakage costs’ came to about £33m
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City snapshot: The Artisanal Spirits Company losses widen amid cost-of-living pressures
Losses have widened at The Artisanal Spirits Company as the cost-of-living crisis weighed on The Scotch Malt Whisky Society owner in the first half of 2023.
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City News: Fever-Tree enjoys US boost but UK sales fall flat
Fever-Tree shares this week have been quite mixed following a sharp drop in profits as UK sales fell flat
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Lidl posts £76m loss after low price investment
Despite revenues climbing 18.8% to £9.3bn, the discounter made a loss before tax of £75.9m in the 52 weeks to 28 February 2023
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Freshways sales boost drives a ‘dramatic’ return to profitablity
The mid-market processor saw sales rise by 38%, while operating profit hit almost £3m, up froma loss of £4.6m in 2021
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Waitrose boss hints at further price cuts as sales improve
‘Our value for money strategy is a long-term one, put it that way,’ James Bailey said
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Gousto losses spiral on growth reversal but return to profit expected in 2023
Losses have ballooned to almost £160m in 2022 at Gousto as costs spiralled and rapid growth reversed for the first time in the recipe kit supplier’s 11-year history.
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City snapshot: John Lewis Partnership cuts losses but transformation plan needs more time
John Lewis Partnership has cut its first half losses by more than 40%, but extended the timescale of the completion of its turnaround plan by two years. Plus Lidl GB and THG post signficant losses
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City snapshot: Profits plunge at palm oil producer MP Evans as prices stabilise
Profits have plummeted by 62% at London-listed palm oil producer MP Evans as record high prices in the wake of the Ukraine war returned to more normal levels.
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Pots & Co targets profitability after slashing its losses
Upmarket desserts player Pots & Co is aiming to move into profitability after slashing its losses, growing sales, and expanding in the US
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City News: WH Smith shares drop despite booming travel sales
WH Smith shares fell sharply this week despite booming travel sales, as a trading update raised concerns over slowing growth and a lack of upgrade in profit guidance
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Crawshaws successor Sterling Meat Co plans two new stores after strong 2022
Sterling hailed its ‘winning’ everyday low prices strategy as a key factor of ’more customers migrating’ towards the retailer
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City snapshot: WH Smith sales soar on travel rebound
WH Smith has posted a 28% jump in total revenues last year amid a strong rebound of travel sales following the relaxing of Covid restrictions
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Juice Burst maker Purity Soft Drinks sees sales surge
Purity Soft Drinks, the maker of Juice Burst, has seen sales jump by 37% and profits double in its most recent financial year
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Itsu grocery sales to pass £50m thanks to NPD and new listings
Itsu’s grocery arm is on course to pass the £50m revenue mark this year after new listings and NPD drove a £10m-plus jump in third party sales
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City snapshot: Pernod Ricard hails ‘very strong’ annual performance in ‘normalising environment’
Pernod Ricard has posted double-digit annual sales growth despite ‘volatile’ market conditions, while expanding its margins
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Arla sees UK branded sales fall during mixed first half of 2023
The dairy co-op saw sales of its key brands fall as shoppers downtraded into the discount channels and own label
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Lily’s Kitchen sales build at home and abroad following Nestlé takeover
Premium petfood player Lily’s Kitchen has continued to rapidly build sales following its April 2020 acquisition by Nestlé
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M&S shares soar on news of market share growth
Marks & Spencer shares surged to a near four-year highs as its turnaround received a further boost this week