more results news & analysis – Page 35
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NewsCity snapshot: Co-op turnaround strategy gains momentum in first half
Co-op has returned to the black as it boosted food sales and grew membership numbers by almost a million year on year. Plus, Kitwave has acquired family-owned food wholesaler Creed Catering Supplies in a £70m deal
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NewsQuorn parent Marlow Foods restructures as losses race past £60m amid plant-based slump
Losses have raced to more than £60m at Marlow Foods as the owner of Quorn and Cauldron continued to restructure the business amid a further deterioration in the meat alternatives market
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NewsCity snapshot: AG Barr scores good result from Euros Irn-Bru campaign
Sales at AG Barr have increased by more than £10m in the first half after a “highly effective” marketing campaign during the Euros football tournament in the summer boosted the popularity of Irn-Bru. Plus, Cake Box has revealed a collaboration with Nutella to launch a lineup of five new products for the UK market
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News£4.2bn Pilgrim’s Europe operation sees ‘return to growth’ in latest accounts
The business began integrating Pilgrim’s UK, Moy Park and Pilgrim’s Food Masters under one banner last year
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NewsPZ Cussons shares sink on troubles in Africa
Investors sold off the stock in response to the results, sending shares tanking 15% to 87.5p on Wednesday
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NewsCity snapshot: Ocado Retail raises sales expectations as sales boom in Q3
Ocado Retail has lifted its full-year revenue expectations after continued momentum in the third quarter led to a 15.5% jump in sales to £658m. Plus, a trading update from vape maker Supreme and C&C Group appoints a non-exec to the board
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NewsCost saving and ‘inflation mitigation’ sustains profits at Lucozade Ribena Suntory
The reporting period pre-dates disruption that has hit the supplier this year, however
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NewsCity snapshot: PZ Cussons profits plunge amid currency devaluation in Nigeria
PZ Cussons has moved a step closer to selling off its troubled African business as the personal care group reveals sales and profits in the past year plummeted. Plus, the latest UK inflation and supermarket growth data, and full-year results from Supermarket Income REIT
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NewsTHG shares crash again as Ingenuity demerger plans revealed
Shares in THG have plunged today, as a warning that profits would be at the low end of forecasts took the shine off plans to split the e-commerce giant into two separate companies
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NewsCity snapshot: THG explores Ingenuity demerger
Ecommerce giant THG is weighing up a demerger of its Ingenuity platform to help strengthen its balance sheet and reinvigorate the embattled stock. Plus, Mcbride reports full-year results, with better-than-expected profits
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NewsPilgrims Choice owner Ornua Foods UK sees sales rise in ‘stable’ 2023 accounts
Pre-tax profits remained unchanged at £11.6m on the back of inflation-busting ‘sustainable pricing structures’ said the subsidiary of Irish dairy co-op Ornua
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NewsFever-Tree shares lose fizz as mixer brand downgrades sales forecasts
Investors reacted with dismay to a downgrade to full-year forecasts after a damp summer in the UK supressed first-half sales growth
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NewsHeinz volumes tumble as shoppers seek cheaper alternatives
Volumes at Heinz have nosedived further as higher prices put off cash-strapped shoppers, but the ketchup and baked beans giant expects to see a turnaround in 2024 as inflation continues to ease
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NewsCity snapshot: WH Smith launches £50m share buyback as travel division records strong growth
WH Smith group revenue was up 7% in the year ended 14 November, driven by a 10% increase in the travel business, according to a full-year trading update released this morning
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NewsMedia Bites 10 September: Aldi, TGI Fridays, Asda, inflation, Carlsberg
Aldi saw UK profits more than triple last year and plans an £800m expansion drive
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NewsC&C Group shakes up distribution deal with AB InBev
From 1 January, C&C will reassume control and distribution of its cider portfolio in Great Britain
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NewsCity snapshot: Aldi to invest £800m in new stores as it reveals profits boost
Aldi has unveiled its biggest ever store investment programme after boosting profits on the back of record sales in 2023
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NewsBakkavor to shut ‘unsustainable’ Wigan factory, putting 750 jobs at risk
The news came alongside the publication of Bakkavor’s latest half-year results
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NewsPernod Ricard denies China brandy dumping allegations
Producers were ‘very much mobilised’ against the threat posed by tariffs, Pernod Ricard’s CFO said
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NewsFlorette owner Agrial posts further, inflation-driven losses
The bagged salad supplier said it had ’walked away’ from some retail business last year as it sought to recoup risisng costs