more results news & analysis – Page 9
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St Pierre sees sales surge past £150m
Global sales surged past the £150m mark at St Pierre Groupe last year as it was bought by Mexican bakery giant Grupo Bimbo
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This targets profitability after heavy losses
Meat alternative producer This is targeting profitability by 2025 as it shifts focus from hyper-growth to improving margins following heavy losses.
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City snapshot: Imperial Brands commits to £1.1bn share buyback as it reiterates guidance
Tobacco giant Imperial Brands will gives a further £1.1bn back to shareholders next year as it announced its trading remains on course to hit full year expectations
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Hovis falls to £28.6m loss amid cost recovery delays
Wrapped bread player Hovis has fallen to a near £30m loss amid delays in passing through soaring input costs
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Henderson Retail turnover soars almost a fifth to £572m
The company put its results down to the cost of living crisis driving more frequent shopping missions to manage grocery waste
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Tesco has halved price gap with Aldi, claims boss Ken Murphy
Tesco launched its Aldi Price Match scheme in March 2020 and is now matching Aldi on 650 products, with a further 1,500 pinned to B&M and Home Bargains
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Pilgrim’s UK hails bounceback as losses shrink
The pork giant saw operating losses fall from £16m in 2021 to £2.26m last year, its latest accounts have shown
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City snapshot: Tesco raises profit guidance after “strong” first half
Tesco has lifted its outlook for the year as revenues and profits jumped in the first half, with CEO Ken Murphy expecting food inflation to continue to slow over the coming months.
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City snapshot: Greggs sales growth tops 20% as evening shoppers boost trading
Sales are continuing to boom at food-to-go stalwart Greggs as new openings and increased customer visits boosted third quarter revenues
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Little Moons’ meteoric rise continues as it plans new UK factory
Mochi ice cream pioneer Little Moons is to open a new factory to meet booming global demand after more than doubling sales last year
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City news: AG Barr boosted by revenue growth and Boost acquisition
Acquisitions and organic revenue growth helped AG Barr boost its first-half revenues by a third, but profits were hit by a rise in lower-margin sales and soaring costs.
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City snapshot: East Imperial hit by production halt amid funding delay
Premium mixers supplier East Imperial saw second quarter revenues hit by funding delays to reduce overall first half revenues despite strong first quarter growth
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Inflation and cost of living send Mindful Chef to steeper losses
Losses have widened at Mindful Chef as a squeeze on consumer spending and inflation dampened demand and hurt margins.
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City snapshot: Diageo remains on course despite cost pressures and economic uncertainties
Diageo said this morning it would ‘move with speed and agility and continue to invest in marketing and innovation’
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David Potts steps down at Morrisons as Carrefour chief is named new CEO
US owners Clayton Dubilier & Rice (CD&R) revealed it had appointed Rami Baitiéh, formerly chief executive of Carrefour France, as its new boss
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Paper products supplier Accrol sees volumes rise 7.7% on own label growth
In its latest annual results, dated to 30 April 2023, revenues rocketed 52% to £241.9m
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City snapshot: Chapel Down posts strong and profitable first half growth
England’s largest winemaker Chapel Down has posted first half growth of 21% amid strong domestic sales for English sparkling wine and increased exports
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City snapshot: AG Barr revenues jump but profits hit by cost inflation
Acquisitions and organic revenue growth helped AG Barr grow first half revenues by a third, but profits were hit by lower margin business and soaring costs. Plus trading updates from PZ Cussons, Finsbury Food Group and Supreme
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Aldi latest supermarket to give workers body cameras
The trial of the technology was revealed by Aldi UK & Ireland CEO Giles Hurley as he announced the discounter’s annual results
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City snapshot: Cash-strapped shoppers drive record sales at Aldi
Aldi has boosted sales to a record high as the cost-of-living crisis pushed more shoppers through the doors of the discounters.