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more results news & analysis – Page 225
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News
TJ Morris set to hit £1bn barrier target early as profits leap 28%
TJ Morris is expecting to break through the £1bn sales mark two years earlier than expected after reporting a massive hike in full-year sales and profits.The north of England-based discounter, which trades as Home Bargains, had aimed to...
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Profits twice as nice for BA Cash & Carry
Full-year pre-tax profits have more than doubled at Welsh wholesaler BA Cash & Carry.Profits jumped 101% to £282,262 in the year to 28 February, the Landmark Wholesale member revealed in accounts filed at Companies House. Sales rose...
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Half of dairy farmers say their profits have fallen
More than eight out of 10 dairy farmers say profits have fallen or remained static over the past year.Some 53% of farmers reported a decline in profits, with 31% saying profits had remained unchanged in the study by the Royal...
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P&H increases tobacco sales by 5.7% to £3.2bn
Palmer & Harvey's sales increased 5% to £4.23bn in the year to April, with tobacco sales up 5.7% to £3.2bn.However the wholesaler said it made just £500,000 pre-tax profits in the same period, leaving it with a margin of 0.01%.
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News
JJ’s profits £3m higher than forecast
JJ Food Service has made a profit nearly £3m higher than predicted. Pre-tax profits at the London-based food specialist fell 3% to £8.3m for the year to March, but this was £3m more than expected following a period of major investment in the...
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Cook franchisees set for bumper profits
Cook franchisees could earn more than £40,000 in their first year of trading, the frozen ready meals retailer has claimed. The chain laid out plans in April to allow other businesses to run Cook-branded stores and last month revealed that its...
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JJ takes hit to online profits as it bids to 'revolutionise business'
Incentivising customers to use its new online ordering service is expected to have wiped almost a third off JJ Food Service's profits.Sales for the year ending April 2009 were expected to have risen 10% to about £130m. But pre-tax profits...
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NewsProfits down but Greene King grabs market share
Brewer and pub operator Greene King has posted a 15% drop in full-year group pre-tax profits to £118.5m, on sales up 1.3% at £954.6m.
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News
Hall buys plant to lift retailer sarnie profits
Spar wholesaler James Hall & Co has bought a sandwich factory to supply Spar stores in the north of England, cutting Greencore out of the chain.Hall has spent more than £1m buying the plant in Blackpool and seven lorries to help deliver the...
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Baker profits from local touch
A decade after MJ Baker Foodservice started trading, the wholesaler is boasting an impressive 11% pre-tax profit margin by staying true to its roots. Peter Cripps reports
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NewsRetailers reap 90% of trade promotion profits
Retailers pocket 90% of the profits generated by trade promotions, despite manufacturers spending £8bn a year funding the deals.
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News
Sales at caterer Compass hit by rising unemployment
Catering giant Compass is expected to announce a fall in UK sales for the past six months.
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News
AG Barr energised by Irn-Bru but water sales dry up
Fizzy drinks fuelled solid growth in profits for soft drinks group AG Barr, despite a flat performance by waters, juices and smoothies.
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NewsSainsbury’s celebrates strong fourth quarter
A strong final quarter has helped Sainsbury’s to report a rise in like-for-like sales of 4.5% for the past 12 months, the supermarket announced today.
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NewsBargain Booze profits from growth of mults
Bargain Booze claims the growth of Tesco Express has helped it to expand its own stores as independent retailers seek a value symbol group that competes on price. The company has opened 60 stores in the past year, many of which it said had...
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Cadbury sales up as chocolate defies credit crunch
Strong sales have helped Cadbury to an encouraging set of full-year results, but warned growth would be at the lower end of its 4-6% growth targets.
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News
New Netto chief aims to accelerate sales growth
Charles Kay has replaced Richard Lancaster as MD at Netto, The Grocer can reveal.The former European trading director for AMS Sourcing, an international buying group with 11 members including Morrisons and Netto’s parent company Dansk, has...
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News
Somerfield reports sales growth of 3.7% for Christmas period
Somerfield has emerged as a surprise Christmas winner, posting like-for-like sales growth of 3.7% in the three weeks to 3 January. The figure, which is well ahead of Tesco's 2.5% growth, comes despite a smaller marketing budget than its...
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News
Fast forecourt work helps boost profits of Snax 24 by 40%
"Speedier shoppers" have helped forecourt operator Snax 24 boost its full-year pre-tax profit by nearly 40% and sales by nearly 20%.Snax 24 group MD Bill Ahearn said sales rose 19% to £228.8m and pre-tax profit by 39% to £3.5m in the year to...
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News
Greencore hails ‘resilience’ as results conclude costs fiasco
Greencore chief executive Patrick Coveney has hailed “a resilient response to a challenging year” after the convenience food giant announced a rise in sales of 13% to €1.31bn.