more results news & analysis – Page 84
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NewsRachel’s Organic owner Lactalis Nestlé suffers 11% turnover drop
The supplier saw sales fall £13.5m to £108.3m for the year to 31 December 2019
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NewsCity snapshot: Imperial Brands sees consumers turn to tobacco during Covid crisis
Imperial Tobacco said it has seen stronger than expected tobacco sales volumes during the coronavirus crisis as consumers in Europe and the US have shifted spend to tobacco products.
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NewsTesco’s new boss Ken Murphy says online surge ‘here to stay’
The supermarket has smashed its record for dotcom grocery orders
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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NewsGrenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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NewsCity snapshot: Greggs to cut jobs as sales remain well below pre-coronavirus levels
Greggs has confirmed it will cut staff numbers as its level of custom will remain “below normal for the foreseeable future” as sales remain well down year-on-year. Plus, Hotel Chocolat falls to annual loss, B&M’s sales surge continues and all the rest of the latest news from the City.
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NewsAldi chief takes swipe at Tesco’s ‘marketing tricks and gimmicks’
Giles Hurley claimed: ‘More expensive supermarkets can only imitate, not replicate, what we do’
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NewsAldi plans 4,000 new jobs as it invests £1.3bn in new stores and upgrades
It has pledged to invest the money into new and upgraded stores, distribution centres and further innovations across its business
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NewsCity snapshot: Diageo CEO hails resilient performance as recovery continues
Diageo has raised its outlook for the first half on the back of a good start to its new financial year, with the US business performing ahead of expectations.
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NewsWaitrose beef processor Dovecote Park sees 4.3% sales decline
The supplier said sales had fallen due to a 10% drop in beef price
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NewsWhole Foods Market sees losses increase
Amazon-owned Whole Foods Market lost a further £6.7m last year despite slimming down its estate to focus on more profitable London stores.
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NewsCity news: AG Barr shares flourish after showing Covid resilience
Shares in Irn-Bru maker AG Barr fizzed more than 15% higher to 430p on Tuesday after it assured investors of the strength of its balance sheet and floated the prospect of a resumption in dividend payments next year.
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NewsCity snapshot: Pets At Home upgrades profit expectations
Consumers flocked to its shops and veterinary operations over the summer
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NewsPZ Cussons profits dive but Carex is star performer in the UK
Carex drove growth in the first quarter and has increased UK market share to about 40%
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NewsGeneral Mills profits soar as consumers continue to eat more meals at home
Old El Paso recorded double-digit growth in Europe & Australia in the first quarter US food group General Mills has continued to benefit from increased in-home consumption despite consumers returning to restaurants as coronavirus lockdown restrictions eased. Revenues in its first quarter jumped 9% to $4.4bn, with ...
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NewsCity snapshot: Trading improves at SSP as concessions reopen
Trading at travel concession group SSP has improved as sites across Europe continued to reopen
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NewsCity snapshot: Profits lose fizz at Irn-Bru maker AG Barr as lockdown hurts hospitality sales
The shutdown of the hospitality sector during the first coronavirus lockdown in March hit the Irn-Bru maker
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NewsCity snapshot: Coronavirus outbreak takes a slice out of Finsbury profits
Sales and profits have slumped at Finsbury Food Group
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NewsCity News: Ocado enjoys another share price surge following summer sales surge
Ocado’s market capitalisation broke through the £20bn barrier this week