more results news & analysis – Page 28
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NewsSupermarkets suffer ‘a very poor month’ in December: ONS
Volumes in food stores slumped by 1.9% in December, contributing to an unexpected contraction for British retail sales last month, according to the latest gloomy economic data to be released this morning
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NewsSuperdrug sales up 6.6% over Christmas
Same-store like-for-like sales were up 5.1%, the health & beauty retailer said
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NewsOcado rollercoaster continues as shares soar on Christmas update
Ocado shares raced 13% higher to 305p following the update on Tuesday morning, with investors most likely focusing on the FY25 guidance promising further ‘market-leading sales growth and volume momentum’
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NewsInnocent slashes annual losses on factory ramp-up and market share gains
Innocent Drinks has slashed its losses after heavy investment in its new Rotterdam factory drove efficiencies amid rising sales and regaining market share
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NewsCity snapshot: Bakkavor and Deliveroo look strong while Poundland woes go on
Bakkavor grew revenue by 4% last year despite strike disruption. Also, Deliveroo see “encouraging signs” from its souped up loyalty scheme while Poundland’s struggles continue.
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NewsPoundland’s weak trading carries into new financial year – and Christmas
The group has put the brakes on Poundland estate expansion for the year
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NewsDeliveroo’s souped up loyalty programme giving aggregator app a boost
The app is also seeing ‘strong growth’ in grocery
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NewsBakkavor revenue grows 4% despite strike-fueled shortages
The UK continues to be Bakkavor’s strongest performing market
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NewsNichols on track to hit ambitious growth targets
Nichols set out ambitious medium-term growth targets in November, including revenue growth of 30% by 2029
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NewsDistil hit by spirits downturn as shoppers save cash over Christmas
Embattled spirits supplier Distil suffered a massive drop in sales in the run-up to Christmas as shoppers prioritised spending and traded down to own label
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NewsFortnum & Mason to launch loyalty scheme as profits soar
The ‘royal’ grocer Fortnum & Mason wants to capitalise on a ‘desire for a sense of belonging’ from its ‘best’ customers, said CEO Tom Athron
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NewsLindt sees strong growth as price hikes offset record cocoa prices
Lindt said it was ‘a challenging year characterised by record-high cocoa costs’
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NewsMcKeon returns as Allan Leighton announces Asda management revamp
The supermarket said it was bolstering the food team with former Accolade Wines boss Ade McKeon rejoining Asda as vice president for ambient
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NewsNomad Foods looks to recover momentum after major tech disruption
In November, disruption caused by new software forced the company to lower its forecast revenue growth
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NewsCity Snapshot: Ocado Retail scores ‘record breaking Christmas’
The retailer was boosted by more people choosing to do some of their Christmas grocery shopping online, with total UK online spend for the month reaching a record £1.6bn.
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NewsOcado keeps up momentum to end year on a high
Revenue grew by 17.5% in the final quarter as the online retailer drew in more loyal shoppers
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NewsYoung’s and Karro owner Sofina eyes growth as sales top £2bn
Sales at the protein giant, part of Canada-based Sofina Foods, climbed by 5.6% to £2bn in the 53 weeks to 30 March 2024
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NewsPoundstretcher sinks to loss before acquisition but now ‘well positioned’ for growth
The retailer made pre-tax loss of £9.8m in the year to 31 March 2024, slipping from a £5m profit the year before
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NewsDiscount Dragon doubles revenue despite straining warehouse capacity
Discount Dragon also delivered a modest adjusted EBITDA profit for the first time in the month of October 2024
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NewsCity snapshot: EG Group set for $13bn New York IPO
Forecourt operator EG Group is readying a $13bn stock market flotation in the US for later this year. Plus, trading updates from Huddled and Eagle Eye