more results news & analysis – Page 176
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Paypoint chief admits to commission charges mistakes
PayPoint chief executive Dominic Taylor has publicly admitted for the first time that the payment technologies company fell short in its communication of changes to its commission structure earlier this year.
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Finsbury Food shares rise as new year starts strongly
Soaring sales in the first four months of the new financial year has pushed Finsbury Food shares close to record highs.
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First Milk announces return to profit
The struggling dairy co-op recorded operating profit of £1.1m for the six months to 30 September
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Greencore to extend food to go facilities amid booming sales
Greencore has announced the opening of a further £12m investment in its Northampton food to go base to open a new facility to cope with stronger than expected volumes.
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Bakkavor Q3 UK sales rise as it drives volumes
Bakkavor has increased UK like-for-like sales in the face of challenging retail conditions as it passed on lower prices to its grocery customers.
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B&M hands audit contract to KPMG
B&M has ended its 18-year relationship with Grant Thornton as chooses a new auditor.
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Supermarket price war squeezes SME supplier profit margins
The gap between profit margins of Britain’s smallest food producers is widening versus their bigger competitors thanks to the supermarket price war.
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Asda Price Guarantee placed under review
CEO Andy Clarke confirmed a decision on the scheme would come early next year
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Bacon and sausage sales 10% down after WHO cancer link
The World Health Organization’s report linking processed meat to cancer has wiped an estimated £3m off sales
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Resurgent Seabrook Crisps sees profits soar 60%
Profits have climbed more than 60% at Seabrook Crisps in the year leading up the £35m buyout by LDC
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As big four sales head south promos still going north
What’s the answer to plummeting sales? More promotions of course
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Poundland stock hits all-time low
Poundland shares plunged 20% in early morning trading to a record low
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Asda sales fall in Q3 as conditions remain “tough” for Andy Clarke
Like-for-like sales at Asda have fallen by -4.5% in the third quarter as the supermarket price war, food price deflation and the continued growth of the discounters all took their toll.
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Iglo sales hit on difficult trading in three biggest markets
Sales at Birds Eye owner Iglo have fallen 8.4% to €315.5m in the third quarter as it exited markets in Romania, Slovakia and Turkey and was hit by currency exchange rates.
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Moy Park sales slip in "challenging" market
Moy Park revenues have fallen 1% in the third quarter thanks to foreign exchange movements, the impact of bird flu outbreaks, commodity price deflation and lower international sales.
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Majestic Wine eyes £500m sales in three-year turnaround
Majestic Wine CEO Rowan Gormley is targeting sales of more than £500m by 2019 as the business embarks on a three-year turnaround plan.
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Wincanton in Morrisons talks as profits slide in first half
Wincanton hopes to thrash out its future involvement with Morrisons following the supermarket’s sale of M Local to Mike Greene.
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Sainsbury's fall in profits illustrates severity of the task
The green shoots didn’t last long for Sainsbury’s as shares slump 7% after profits falter.
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Nisa 'on course to hit its target of £7.2m EBITDA'
Nisa says it is on track to hit its target of £7.2m EBITDA for the current financial year
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Sainsbury's pledges to continue price-cutting strategy
Sainsbury’s is doubling down on its strategy to invest in price and cut promotions