Results – Page 140
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NewsNichols profits grow as strategy shift pays off
Vimto brand owner Nichols has reported a 10% increase in full-year profit before tax.
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NewsMorrisons to slash margins as it takes on the discounters
Morrisons made a loss before tax of £176m for the year ending 2 February, as it announced plans to cut prices to take on the discounters.
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NewsMenzies Distribution sales drop in weak magazine market
Menzies Distribution has posted a fall in full-year sales and profits as newspaper and magazine sales continue to drop.
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NewsPremier Foods strikes £1.1bn refinancing deal
Premier Foods has announced a £1.1bn capital refinancing plan, in a deal it described as ‘transformational’.
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NewsThorntons profits jump 47% as supermarket sales take off
Thorntons has reported a 47% jump in half-year profits, boosted by strong sales to the supermarkets.
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NewsAB InBev defies falling beer volumes to deliver ‘solid progress’
UK performance of Budweiser and good growth in China provided a boost to AB InBev in 2013, despite a “challenging macro-environment” and falling beer volumes.
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NewsGreggs profits fall in ‘year of transition’
Greggs has revealed a like-for-like sales dip of 0.8% for the 52 weeks ending 28 December 2013. It also said pre-tax profits were down 18.9% to £41.3m.
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NewsABF warns sugar will drag on first-half profits
Associated British Foods has forecast that grocery sales growth will be flat in the first half of the financial year.
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NewsTreasury Wine Estates profits tumble in half-year trading
Troubled winemaker Treasury Wine Estates saw operating profits fall 37.6% in a “disappointing” first half to the year.
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NewsAsda playing the ‘long game’ as Q4 sales dip 0.1%
Asda today blamed a tough climate for British retail as it posted a 0.1% decline in like-for-like sales for the 13 weeks ending 3 January 2014.
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NewsArla UK sales boom as Lurpak and Anchor outperform market
Arla today announced total revenue across its global operations hit 73.6 billion DKK (£8.4bn) in 2013, up 16.6% on 2012.
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NewsCoca-Cola to beef up marketing spend as global sales dip
Coca-Cola is responding to a dip in sales with a boost in media spend and a diversification into new areas – including a cold-beverage home dispenser.
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NewsNestlé chalks up growth of 5.2% in fourth quarter
Nestlé has reported a strong end to the financial year after a series of disappointing quarters.
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NewsBestway’s wholesale turnover flat as it cuts margins
Bestway has reported a 6.6% increase in full-year profits.
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NewsCostco global sales climb 6% in January
Costco today posted a 6% net sales increase for January, compared with the same period last year.
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NewsOcado co-founder Gissing retires as turnover grows 15.2%
Ocado co-founder and commercial director Jason Gissing has announced his retirement, as the online grocer reported another full-year pre-tax loss.
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NewsDairy Crest creams off £15m in profit from sale of Nine Elms
Dairy Crest expects to report full year profits ahead of expectations after the sale of its Nine Elms depot….
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NewsCranswick sales rise 14% as consumers tuck in to pork
Cranswick has posted a 14% increase in third-quarter sales after benefitting from the low relative price point of pork versus other meats.
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NewsProfits soar at poultry group Faccenda
Poultry supplier Faccenda has grown profits by 46% after boosting volumes, adding value to their product mix and paying less interest.
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NewsPoundland sales growth down to ‘broadening appeal’
A surge in middle class shoppers has helped Poundland to secure record Christmas sales.