more results news & analysis – Page 24
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City News: M&S share renaissance falters on downgrades
A recent renaissance for Marks & Spencer shares came to an end this week as the retailer warned conditions on the high street would be even more challenging next year, with margins under pressure across the sector.
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City snapshot: OC&C 150 illustrates pre-crisis recovery for big food businesses
The UK’s 150 biggest suppliers bounced back to the industry’s highest growth rate for three years ahead of the cost-of-living crisis earlier this year.
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Birds Eye owner Nomad hikes prices to boost sales
Nomad has delivered ‘strong’ sales growth in the third quarter after raising its prices by more than 10% to offset soaring input costs
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City snapshot: WH Smith back in the black as travel recovery takes flight
WH Smith has swung back into the black as its travel division experienced a significant recovery from the pandemic. Plus, interims from B&M and Tate & Lyle, and Q3 updates from Haleon and Domino’s Pizza.
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City snapshot: Rising costs dent M&S food profits and slowing demand pushes Ocado Retail into the red
Profits have shrunk in Marks & Spencer’s food operation and its online joint venture with Ocado fell to a loss, with the group warning that market conditions would become even more challenging next year.
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ABF to push through further grocery price increases
Associated British Foods is planning further price hikes for its range of grocery brands to manage soaring inflation.
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Hilton Food Group warns of lower profits amid slow progress passing on inflation
Shares in Hilton Food Group have slumped following another profits warning
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City snapshot: Record high grocery inflation sends shoppers flocking to Aldi and Lidl
Grocery price inflation has hit a new record high resulting in cash-strapped households turning to the discounters and own-label ranges to manage stretched budgets, according to the latest Kantar figures. Plus, annual results from Associated British Foods, a trading update from Hilton Food Group, a Q3 update at Coca-Cola HBC, the latest monthly data on retail sales from BRC-KPMG and consumer spending from Barclaycard, and Britvic is searching for a new CFO.
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Sainsbury’s commits to investment in price despite profit drop
Sainsbury’s has vowed to continue its investment in price despite soaring food price inflation eating into first-half profits
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Hyperama sells its remaining two depots to Dhamecha
The sale of the Nottingham and West Bromwich sites follows last month’s agreement to offload its Peterborough depot to London-based wholesaler Holland Bazaar
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Sainsbury’s CEO Simon Roberts cautious over Christmas as cost of living bites into shoppers’ budgets
Roberts said he expected customers to shop early and “spread out the cost of Christmas”, as well as reduce basket spend
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City snapshot: Sainsbury’s sales bounce back to growth but profits slide on investment in price
Sainsbury’s has posted an improved second quarter sales performance, but profits were hit by investment in price amid soaring inflation
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City News: Unilever improves forecast but warns of further inflation
Unilever upped its full-year growth forecast this week as double-digit price hikes continue to drive strong organic growth – but investors reacted cautiously amid warnings of further inflation.
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City snapshot: Danone raises guidance on price-driven growth
Danone has raised its full year growth forecast after experiencing strong third quarter growth driven by a double-digit rise in pricing
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Dhamecha Foods posts £19.4m profit for the year ended 31 March 2022
According to newly filed Companies House accounts, the business posted a pre-tax profit of £19.4m for the year ended 31 March 2022
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City snapshot: Unilever ups sales forecast as soaring prices boost growth
Unilever has upped it full year growth forecasts as double-digit price hikes drove strong growth in its third quarter despite falling sales volumes. Plus updates from AB InBev, C&C Group and HelloFresh.
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Carlsberg upgrades earnings expectations on strong Asian growth in Q3
Carlsberg has upgraded full year earnings expectations on stronger than expected growth in key markets on volume and pricing increases in the third quarter
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City snapshot: Virgin Wines expects revenue resilience as under-pressure consumers ditch the pub
Virgin Wines is confident drinkers will ditch pubs and restaurants in favour of socialising at home as household spending is squeezed harder. Plus, Parsley Box considers AIM delisting and Heineken and Reckitt Benckiser issue Q3 results.
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City snapshot: THG’s sales slow as it agrees new lending package
THG remained in growth in the third quarter amid resilience in its beauty, health and wellness categories, though sales momentum slowed considerably in its third quarter
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Petfood subscription service Butternut Box sees sales leap
Online petfood player Butternut Box saw a 50%-plus leap in sales last year as it built on pandemic demand, though losses grew due to investment in growth