more results news & analysis – Page 13
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NewsCity snapshot: Premier Foods boosted as shoppers switch back to brands
Premier Foods has grown first-half sales supported by double-digit volume growth as consumers switched back to brands. Plus, annual results at WH Smith and interims at B&M Bargains
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NewsMorrisons own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsKestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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NewsBurts Snacks slips into the red due to acquisition costs
The company’s sales continue to perform strongly, however, with revenue up 11%
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NewsCake Box ‘building momentum’ through new stores
The UK’s largest franchise retailer of fresh celebration cakes now has 232 outlets
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NewsOne Stop grows sales by 10.8% to £1.3bn as it boosts store estate
It also enjoyed a 43.1% jump in pre-tax profits to £22.1m
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NewsCity snapshot: Kerry completes transformation into ingredients player with €500m sale of Irish dairy operation
Kerry Group has agreed to sell its Irish dairy operation to Kerry Co-Operative Creameries for €500m (£415m) in a move that completes its transformation into a pure play ingredients company. Plus, the latest Kantar supermarket data, a trading update from McBride and half-year results from Cake Box
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NewsAssociated British Foods boosts profitability despite damp summer
Associated British Foods shrugged off a damp UK summer and sharp drop in sugar prices at the end of the year to deliver annual profitability above expectations
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NewsAsda boss Stuart Rose admits 470 job cuts will draw criticism but says ‘that’s life’
‘Clearly those people who are leaving the businesses probably won‘t be very polite about me but that’s life,’ said Rose
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NewsOatly cuts losses as it targets profitable growth
Listed plant milk group Oatly moved close to breaking even in its third quarter as it continues its turnaround efforts to get into the black
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NewsHain Celestial shares sink lower as turnaround plan flounders
Quarterly revenue fell as both volumes and prices came down
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NewsBeyond Meat running out of cash despite return to growth
Investors are now hoping the business has turned a corner after sales grew 7.6% to $81m in the three months to September, and gross profit turned from a $7.3m loss to a $14.3m profit
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NewsCity snapshot: Sainsbury’s confident of ‘strong’ Christmas as Taste the Difference lifts sales
Sainsbury’s has entered the golden quarter in good shape as its premium Taste the Difference offering helped boost sales in the first half. Plus, first-half results from Tate & Lyle and a trading update from Kitwave
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NewsGraze cuts costs ahead of Unilever integration
Unilever decided to integrate Graze after it made a loss in every full year since it was purchased
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NewsBudget measures to heap £120m in added costs on M&S, says chief
Stuart Machin said ‘we don’t want to pass on these costs to our customers’ through price rises but ‘can’t rule anything out’
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NewsCity snapshot: M&S has ‘so much to do’ as profits beat expectations
Pre-tax profits surged 17% in the first half of the year, propelled largely through its food business. Also, Domino’s Pizza returns to sales growth and Glanbia announces major restructure
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NewsFresca Group sales breach £500m mark in robust year of growth
In its annual report for the period ending 26 April 2024, the company reported an increase in turnover of 13.8% up from £459.4m in the year before
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NewsCity snapshot: Associated British Foods delivers better-than-expected profits
Profits at Associated British Foods have beaten market forecast thanks to margin recovery at Primark and “good growth and strong profitability” in the food division. Plus, interims from Distil, a trading update from Hilton Food Group, Q3 results from Coca-Cola Europacific Partners and the latest retail sales data from the BRC and spending report from Barclays
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NewsLancashire Farm Dairy sees profits double due to new listings
The yoghurt maker posted ‘record’ results in the year to 31 January 2024