more results news & analysis – Page 15
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Boots’ digital performance fuels quarterly growth of 6.2%
It was Boots’ 14th consecutive quarter of market share growth
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John West suffers first loss since 2010 after absorbing price hikes
John West had tried raising prices but suffered a consequent fall in volumes
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Vibrant Foods losses improve as turnaround progresses
Losses have narrowed significantly at Vibrant Foods as the private equity-backed group made progress in a turnaround attempt
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Greencore investors show continued appetite for shares
Shares in Greencore shot up 10% this week as another profits upgrade led to analysts in the City raising their target prices for the stock
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Freshways continues bounceback with 435% leap in profits
Sales also climbed, by 3% to £359m, according to the supplier’s 2023 accounts
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City snapshot: Treatt confident in long-term prospects after strong second half
Treatt has maintained profits and sales expectations for the year thanks to strong momentum in the second half. Plus, Waitrose unveils multi-year partnership with Just Eat
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Prime Time’s functional beer tempts crowdfunders after Waitrose debut
The raise values the company at £14m
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Birds Eye loses market share despite revenue boost
Birds Eye has faced stiff competition since brands began piling into frozen foods
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Whittard back in profit as shoppers return to high street
The tea and coffee retailer saw turnover grow 8% in 2023
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KP Snacks defies inflation to double profits in past three years
Pre-tax profits grew £30m last year as the company boosted margin
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City snapshot: Marston’s optimistic about future as a focused pub group
Marston’s has outperformed the market and pointed to significant opportunities ahead as a focused pub group.
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PepsiCo cuts sales outlook due to weakening demand
The fmcg giant saw volumes slip in the third quarter across most divisions
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City snapshot: Greencore upgrades profit forecasts after ‘outstanding performance’ in Q4
Profits at Greencore will be ahead of expectations thanks to “an outstanding performance” in the final quarter of its financial year. Plus, trading updates from Imperial Brands and Cooks Coffee, the latest data from Kantar, BRC and Barclays, and Gusbourne secures additional funding
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Framptons back in profit 18 months after £5m cash injection
Plant-based co-packer Framptons has completed a remarkable turnaround by returning to profit less than 18 months after it sought a £5m cash injection to ensure its survival
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Alt-meat brand This losses continue as it pushes for profitability
Alt-meat producer This has reiterated its plan to hit profitability this year after failing to stem widening losses in its latest accounts
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‘Back to the future’ as volumes fall at big 50
Volumes at the world’s largest consumer packaged goods companies tumbled for the first time in a decade last year as battered consumers sought out cheaper options in the face of constant price increases
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Tesco shares race higher on profits upgrade and healthy dividends
Tesco increased group revenues 3.5% to £31.5bn in the 26 weeks ended 24 August
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Bart Ingredients improves losses as price rises pass through to retailers
Inflation has proved tough on the herbs and spices manufacturer, which made a second consecutive loss in 2023
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Ken Murphy ‘betting on’ bumper Christmas for Tesco as Finest sales surge
Tesco said sales grew by 4% to £31.5bn over the 26 weeks to 24 August, compared with the same period last year
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City snapshot: Tesco raises profit expectations on strong first half
Tesco has upgraded profit forecasts for the year after boosting volumes by more than expected in the first half. Plus, a Q4 trading update from SSP Group