more results news & analysis – Page 27
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity news: Ocado shares under pressure despite ‘record’ Christmas
Ocado Retail’s return to double-digit growth, a “record” Christmas and – most notably – a move back into the black were all good news this week.
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsVibrant Foods back in growth as transformation takes effect
World foods specialist Vibrant Foods is back in growth following a £30m refinancing
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NewsWyke Farms defies inflation challenges to post £11m profit
The West Country-based cheese and butter maker delivered a 68.4% rise in operating profits to £10.9m in the year to 31 March 2023
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NewsInnocent losses soar as £200m factory needs more investment
Revenues declined by £15.6m – a 3.5% fall year on year – to £426.2m in the 12 months ended 31 December 2022, according to newly filed accounts
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsSuperdrug sees ‘strong’ Christmas trading driven by own label growth
Sales of Superdrug’s Beauty Studio services were up 20% year on year
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsCity underwhelmed by supermarkets’ Christmas results despite bumper sales
As many childhoods can attest, the difference between Christmas expectations and festive reality can be an almighty chasm
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NewsCook makes major comeback with sales and profit in growth
Cook entered its latest financial year facing rampant inflation, a heatwave that left high streets deserted, and supply chain disruption
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NewsMüller UK&I sinks to £6m loss in 2022 as inflationary pressures bite
A £25.8m operating profit in 2021 swung to a £5.9m operating loss in the year to 31 December 2022, its latests accounts have shown
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NewsCity snapshot: Tesco and Marks & Spencer post bumper Christmas sales
Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider market
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NewsSainsbury’s records ‘strong’ Christmas sales as premium demand increases
Sainsbury’s saw its ‘best ever year’ for sales of mine pies and premium cheese
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsRecord Black Friday drives 9.8% Q1 sales growth for Boots
Online sales in the three months to 30 November were up 17.5% year on year, contributing 19.2% of total retail sales
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NewsPremium spirit sales forecast to come under pressure in 2024
Consumers are likely to trade down into cheaper alcohol in 2024 to add further pressure to premium drinks brands, according to Bloomberg Intelligence
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NewsMackie’s sales jump 17% but rising costs hit profits
Premium ice cream player Mackie’s saw its sales jump 17% in its most recent financial year, but profits fell back as it absorbed sharply higher costs rather than pass them on to consumers
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period