Results
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NewsCity snapshot: Sainsbury’s shares up 4% after ‘record year’
The supermarket warned that its profits would fall this year as it spent to ‘maintain its competitive position’
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NewsCity snapshot: WH Smith looks to shake off tariff concerns ahead of high street sale
WH Smith saw profits in its travel arm rise 12% in the first half of the year
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NewsCity snapshot: B&M looks to shore up sales after another weak quarter
B&M is planning to open 45 new stores this year despite weaker sales across its stores
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NewsMedia Bites 11 April: Tesco profits, Barry Callebaut, coffee prices
Tesco has warned that its profits will be lower this year to give it more wriggle room to cut prices
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NewsCity snapshot: Hilton Foods’ profits up 15% off strong volume growth
The business is set to expand its international presence with a launch into Saudia Arabia next year
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NewsCity snapshot: Applied Nutrition’s revenue grows on strong UK demand
The company said it did not expect to be materially impacted by US tariffs as it has ‘a number of options’ to mitigate the impact
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NewsCity snapshot: Pets at Home warns of profit drop next year
Pets at Home’s share price is down over 20% since it warned of a ‘unusually subdued’ pet retail market in November. Also, the Artisanal Spirits Company returns to profit
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NewsCity snapshot: Naked Wines’ share price rises 16% on new strategy
The online wine retailer is undergoing a transformation under new CEO Rodrigo Maza, having finally begun to stem losses at the end of last year
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NewsCity snapshot: Fever-Tree shares up 5% after profits boost
Fever-Tree’s revenue rose 4% as sales recovered some lost momentum in the second half of the year
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NewsCity snapshot: Wetherspoons shares trading at two-year low after profit hit
Its share price fell over 9% after it released half-year results, bringing its total fall to over 11% since the start of the year
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NewsMedia Bites 20 March: interest rates, budget impacts, Ben & Jerry’s
The Bank of England is expected to keep interest rates on hold at a rate of 4.5% when the Monetary Policy Committee makes its announcement today
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NewsCity snapshot: Eagle Eye confident of hitting £100m revenue goal
Eagle Eye is aiming to propel revenues towards £100m following a reset of the business to focus more on its software as a service operation
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NewsCity snapshot: John Lewis scraps bonus as Deliveroo records first ever profit
The retailer scrapped the bonus for the third year in a row despite tripling its annual profits. Also, Deliveroo goes into the black for the first time
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NewsCity snapshot: Cake Box to buy Ambala Foods with £7m of new shares
Ambala is a family-run manufacturer and retailer of Asian sweets. Also, Applied Nutrition announces joint business plan with Holland & Barrett
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NewsCity snapshot: Vimto and Domino’s both deliver profits boost
Vimto owner Nichols saw profits jump after it switched to a higher-margin model in Africa. Domino’s profits grew but its situation remains sticky
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NewsCity snapshot: Reckitt Benckiser shares down 2% after annual results
Reckitt Benckiser saw revenue and profit both fall last year as it looks to gather momentum with its turnaround. Also, Barry Williams is made permanent MD of Poundland
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NewsCity snapshot: Greggs shares plummet 10% as slowdown continues
Greggs’ slowdown has been worrying investors since it posted disappointing results in January. Also, Bakkavor and Kitwave report strong annual results.
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NewsBakkavor delivers strong results despite strike disruption
Bakkavor has outperformed expectations as the prepared food business grew volumes ahead of the market in the UK
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NewsCity snapshot: Ocado share price down 10% in early trading
Ocado published its full-year results this morning. Haleon’s share price has also taken a hit after its revenues slipped 0.6% last year
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NewsCity snapshot: AB InBev revenue hits record high
AB InBev’s revenue was boosted by more expensive beers although a 19% fall in volumes in China could worry some investors. Also, Glanbia reports full-year results