more results news & analysis – Page 16
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NewsMindful Chef narrows losses as it withdraws from retail
The meal kit provider was forced to radically trim costs last year ‘to align to the lower turnover levels’
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NewsBooths hails ‘solid’ performance after customer investment pays off
Results were helped by ‘record’ Christmas sales and Booths’ investment in stores
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NewsCity snapshot: Record sales as Shepherd Neame shifts focus away from off-trade
Britain’s oldest brewer Shepherd Neame has posted record revenues and a “good” uplift in profit as it pivoted away from the off-trade to focus on its pubs.
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NewsFilippo Berio volumes hit by spike in olive oil prices
Filippo Berio has marked another “challenging year” as record olive oil inflation continues to weigh on profits
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NewsFentimans sinks into the red as sales lose fizz
The group swung from a £610k profit to pre-tax losses of £656k in the year ended 31 December 2023 as revenues sank 7.6% to £39m
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NewsAG Barr shares lose fizz despite Irn-Bru and Rubicon owner outperforming soft drinks market
AG Barr shares lost ground this week despite the Irn-Bru supplier reporting a strong set of first-half results in a challenging soft drinks market
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NewsMorrisons makes turnaround headway but sales growth slows in Q3
Like-for-like sales growth has slowed at Morrisons in a ’noticeably softer’ third quarter as new CEO Rami Baitiéh continued his turnaround efforts
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NewsVita Coco credits emerging ‘natural hydration’ trend for double digit sales growth
Sales of Vita Coco in the UK were up by 23% in 2023
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NewsScotmid Co-op enjoys 40% surge in trading profit to £2.1m
During the six months to 27 July, Scotmid also reported an almost 1% rise in turnover to £214m
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NewsHenderson Retail sees turnover jump 7.6% to £614.9m
The Spar retailer, which owns 100 supermarket, convenience, and forecourt stores across Northern Ireland, said its turnover was driven by strong grocery sales
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NewsCity snapshot: Co-op turnaround strategy gains momentum in first half
Co-op has returned to the black as it boosted food sales and grew membership numbers by almost a million year on year. Plus, Kitwave has acquired family-owned food wholesaler Creed Catering Supplies in a £70m deal
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NewsQuorn parent Marlow Foods restructures as losses race past £60m amid plant-based slump
Losses have raced to more than £60m at Marlow Foods as the owner of Quorn and Cauldron continued to restructure the business amid a further deterioration in the meat alternatives market
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NewsCity snapshot: AG Barr scores good result from Euros Irn-Bru campaign
Sales at AG Barr have increased by more than £10m in the first half after a “highly effective” marketing campaign during the Euros football tournament in the summer boosted the popularity of Irn-Bru. Plus, Cake Box has revealed a collaboration with Nutella to launch a lineup of five new products for the UK market
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News£4.2bn Pilgrim’s Europe operation sees ‘return to growth’ in latest accounts
The business began integrating Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters under one banner last year
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NewsPZ Cussons shares sink on troubles in Africa
Investors sold off the stock in response to the results, sending shares tanking 15% to 87.5p on Wednesday
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NewsCity snapshot: Ocado Retail raises sales expectations as sales boom in Q3
Ocado Retail has lifted its full-year revenue expectations after continued momentum in the third quarter led to a 15.5% jump in sales to £658m. Plus, a trading update from vape maker Supreme and C&C Group appoints a non-exec to the board
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NewsCost saving and ‘inflation mitigation’ sustains profits at Lucozade Ribena Suntory
The reporting period pre-dates disruption that has hit the supplier this year, however
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NewsCity snapshot: PZ Cussons profits plunge amid currency devaluation in Nigeria
PZ Cussons has moved a step closer to selling off its troubled African business as the personal care group reveals sales and profits in the past year plummeted. Plus, the latest UK inflation and supermarket growth data, and full-year results from Supermarket Income REIT
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NewsTHG shares crash again as Ingenuity demerger plans revealed
Shares in THG have plunged today, as a warning that profits would be at the low end of forecasts took the shine off plans to split the e-commerce giant into two separate companies
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NewsCity snapshot: THG explores Ingenuity demerger
Ecommerce giant THG is weighing up a demerger of its Ingenuity platform to help strengthen its balance sheet and reinvigorate the embattled stock. Plus, Mcbride reports full-year results, with better-than-expected profits