more results news & analysis – Page 105
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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.
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NewsAsda reports 3.5% first-quarter sales growth as coronavirus drives stockpiling
CEO Roger Burnley said despite the initial boom in sales, consumer sentiment was now being dominated by fears of a financial depression
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NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK
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NewsCoronavirus crunch pushes raft of FTSE retailers to profit warnings
FTSE retailers issued 38 profit warnings in the first three months of the year, exceeding the 32 recorded in the sector for the whole of 2019
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NewsMorrisons share buoyed by lockdown durability
The Bradford-based grocer reported a 5.7% jump in first quarter like-for-like sales excluding fuel, as its retail sales su…
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NewsSymington’s dips into the red after exit of licensed brands
Symington’s plunged back into the red last year, as the planned exit of its Ainsley Harriott and Golden Wonder brands hit the company’s financial performance
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NewsCity snapshot: WH Smith revenues plunge 85% in global lockdown period
WH Smith has said its revenues slumped by 85% year-on-year in April amid widespread coronavirus lockdowns and a collapse in air travel as the coronavirus outbreak has a “significant” impact on its business.
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NewsCity snapshot: Morrisons retail sales surge under coronavirus lockdown
Morrisons has reported a 5.7% jump in first quarter like for like sales, excluding fuel, as its grocery sales surged under the coronavirus lockdown conditions.
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NewsTayto Group posts sales and profits rise
Snacks producer Tayto Group saw a double-digit jump in sales last year and is continuing to see “high demand” during the coronavirus crisis.
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NewsCompetition sees Farmfoods operating profits fall 13%
The frozen food specialist’s sales rose marginally, by 0.7% to £711.2m
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NewsOcado shares surge despite capacity constraints
Ocado may have had to turn away willing customers and shut down its website as it struggled to cope with a wave of demand during the coronavirus crisis, but its share price still hit new record highs this week.
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NewsCoronavirus demand for frozen foods boosts Nomad sales
Birds Eye owner Nomad Foods has posted a 10.5% jump in first quarter sales due to “unprecedented” demand for frozen food driven by the coronavirus outbreak.
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NewsAB InBev’s April sales volumes slump by a third
A sharp downturn in March saw sales volumes at the world’s largest brewer AB InBev drop by 9.3% in the first three months of 2020, with sales down further in April