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more results news & analysis – Page 226
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Bakkavör profits less than interest payments on debt
Bakkavör has not made enough money in the past three months to cover the interest payments on its £1.5bn debt and other liabilities, the latest quarterly results reveal.The ready-meals maker, which is a major supplier to M&S, made operating...
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Record sales but profits collapse at Robert Wiseman
Despite rapid sales growth for its healthy ‘the One’ range, rising costs and investment in its new Bridgwater dairy meant profits at Robert Wiseman Diaries fell by more than a third over the last six months.
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Kingsmill helps ABF shrug off sugar slump as sales soar 21%
An "enormously encouraging" improvement at its Allied Bakeries subsidiary capped a strong performance by manufacturing giant Associated British Foods - to offset increased costs at its European sugar business.
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3663 results bruised as consumers eat out less
Foodservice giant 3663 First For Foodservice is feeling the effects of the credit crunch as people cut back on eating out. The wholesaler’s profits have levelled off over the past year and are not expected to improve greatly in the year...
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Sales dip 6% but profits up at Roys
Independent retailer Roys of Wroxham has reported a 5.8% dip in full-year sales. Sales fell from £47.7m to £45m in the year to 26 January following the closure in 2007 of the retailer’s store in Bury St Edmunds, Suffolk, according to accounts filed...
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Rain and smoking ban cut Costco profits 24%
Bad weather, the smoking ban and cost pressures led to a 24.2% fall in pre-tax profit at Costco Wholesale UK, according to the latest accounts. Full-year pre-tax profit fell from £22.3m to £16.9m in the year to 2 September, 2007, on...
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Tates posts record profit as it heads for 250 stores mark
Leading independent retail chain Tates is riding high after announcing a record £5.4m profit for the year to April. The Spar retailer, number four in The Grocer's Top 50 ranking of the UK's biggest independent retailers, generated £275m...
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Henderson Group profit soars by 10%
Northern Irish Spar wholesaler Henderson Group has reported a 10.1% increase in pre-tax profit to £9.8m last year on sales up 8.3% to £407m for 2007.Henderson said wholesalers and independents in the province were coming under fiercer...
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Associated British Foods results expected
Associated British Foods is expected to post a pre-tax profit of around £282m, up from £268m, when it unveils its half-year results tomorrow (Tuesday).Analysts are expecting strong performances from its grocery business, British Sugar unit...
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Supermarket shares fall
Shares in Tesco, Sainsbury's and Morrisons fell yesterday after analysts warned the chains could struggle to hit sales expectations.“Consensus forecasts appear to assume that Tesco, Sainsbury and Morrison will all continue to grow UK sales...
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'Ban on cheap alcohol will boost shop profits'
A ban on below-cost alcohol sales would not curb binge drinking, the Irish Competition Authority has warned - it would only end up lining the pockets of the supermarkets.In a submission to the special advisory group preparing...
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Dobbies issues profits warning
Dobbies garden centre has issued a profit warning just five days after Tesco gained control of the 21-strong chain.The Scottish gardening group, in which Tesco now has a 53% stake, said rain had hit sales of garden furniture, plants and...
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Profits drop for McMullen's
Hertfordshire-based brewer and pub group McMullen's has reported a drop in profits after a "challenging year" that saw rises in energy costs, the minimum wage and property rates. The company saw profit before tax drop to £7.4m in...
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Punting for profit
On the morning of 22 November 2003, 63 million pints were sunk as Jonny Wilkinson dropped that now immortal goal to win England the Rugby World Cup. Four years later and pubs have every chance of beating that figure - starting on 7 September and… -
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Makro steps up store refurbs after promising early results
Makro is ramping up the pace of the makeover of its 33-store network and is to launch a marketing campaign to increase public awareness of the company. The wholesaler began revamping its stores two years ago with improved fixtures, new signage,...
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Tates fights back after energy costs hit profits
The Grocer Gold-winning independent grocery chain Tates says it is putting plans in place to double its profit margins in the next few years after seeing its bottom line badly hit by a surge in energy costs.MD Geoff Hallam told delegates...
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AB Foods shares rise
Shares in Associated British Foods rose 6.5p to finish on 932p yesterday after the group revealed it had acquired Indian food company Patak's in a deal thought to be worth more than £100m.The deal includes the Patak's brand and assets in all...
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Proactive suppliers can boost retailers' profits
Kishor Patel Independent retailer, Houghton TradingSays: Retailers want to stock the bestselling brands in their stores so it is important that suppliers and retailers work together. By working with suppliers, retailers can make...
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In Brief: Technical direction; Daly new JML MD; AgroFair sales trio; Chairing the West; Specialising in NPD
Technical direction The British Retail Consortium has appointed former Sainsbury's technical director Dr Geoff Spriegel as its new director of standards and technical services. His role is to enhance the BRC's existing range of Global Standards as...
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Polish foods boost sales
Britain's appetite for Polish food is driving supermarket sales.Tesco said its sales of Polish foods had increased tenfold since they were introduced five months ago thanks to the influx of migrants following EU...