Results – Page 15
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NewsCity snapshot: PZ Cussons suffers slowing Carex sales but profits beat expectations
Beauty group PZ Cussons has delivered ‘resliant’ financial performances in the fact of significant inflationary headwinds, with profits ahead of expectations as it minimised margin dilution
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NewsCity snapshot: Shoppers pull back supermarket spending to tackle cost-of-living crisis
Shoppers reined in spending at supermarkets following the end of the summer holidays, according to new research this morning. Plus, LXi REIT confirms talks with Sainsbury’s over £500m sale-and-leaseback deal, Tesco makes new board appointment, and full-year results from Supermarket Income REIT and Egale Eye Solutions.
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NewsCity snapshot: Haleon posts strong first half sales and profit growth after demerger
Former GSK consumer arm Haleon has posted double-digit growth in its first financial results as a listed company, although it expects growth to slow in the second half
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NewsCity snapshot: John Lewis Partnership plunges to £92m first half loss amid Waitrose slowdown
John Lewis Partnership has plunged to a £92m first half loss amid falling Waitrose sales and a wider slowdown of consumer spending. Plus, Hilton Food Group warns on second half performance, THG takes margin hit amid inflationary pressure and all the rest of the latest news from the City
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NewsCity snapshot: Aldi overtakes Morrisons as grocery inflation soars to 12.4%
The UK’s big four grocers are no more as Aldi has overtaken Morrisons’ market share as private label sales continue to grow amid soaring inflation. Plus, Ocado returns to growth in Q3, FeverTree first half sales rise but shipping costs hit profits and all the rest of the latest news from the City.
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NewsCity Snapshot: MP Evans profits soar on record palm oil prices
Profits at palm oil producer MP Evans have soared as the price of the edible vegetable oil hit record highs as a result of the Ukraine war.
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NewsCity snapshot: ABF warns on profits as currencies and economic volatility weigh on Primark
ABF has warned its profits next year will be hit by the strength of the US dollar and ‘signficant market voility affecting costs’, which will hit margins at its Primark retail arm.
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NewsCity Snapshot: Bakkavor sales recover but inflation drags on profits
Bakkavor Group has continued its recovery from pandemic disruption, reporting strong revenue momentum in the first half despite inflationary challenges. Plus, WH Smith issues a pre-close trading update for the year.
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NewsYo Sushi owner sees sales jump following retail and kiosk push
Yo Sushi owner Snowfox Group saw a near 50% jump in sales last year, driven by its concerted push into grocery retail and in-store kiosks
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues
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NewsCity snapshot: Delivery Hero first half losses near €1.5bn
German food delivery group Delivery Hero lost almost €1.5bn in its first half after rising marketing, technology and impairment costs increased its losses
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NewsCity snapshot: Inflation drives grocery growth as convenience outstrips supermarket sales
Grocery sales rose 4.5% in the four weeks to 13 August as inflation drove top-line growth despite falling volumes
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NewsCity News: Carlsberg sales surge but instability concerns weigh on shares
Sales at Carlsberg have soared past pre-pandemic levels as warm summer weather and the resurgent on-trade boosted performance. However, shares remain down for the year due to concerns over its second half outlook and instability in eastern Europe
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.
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NewsCity Snapshot: Hellofresh unveils record revenues but at expense of lower profits
HelloFresh has revealed record quarterly revenues as the meal kit firm increased its customer base further, but profits fell back as the group spent more on marketing. Plus, Treatt revises profit expectations down significantly and wine maker Gusbourne more than doubles sales.
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NewsCity snapshot: Lotus Bakeries boosted by strong rebound of UK health snacking
Bear and Nakd owner Lotus Bakeries has posted 14.1% revenue growth in the first half of 2022 driven by strong growth of Lotus Biscoff and its UK healthy snacking portfolio
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NewsCity Snapshot: Deliveroo reveals widening losses as Next boss Simon Wolfson steps down from board
Deliveroo has this morning revealed widening losses, slowing growth and the loss of Next boss Simon Wolfson from its board. Plus, Q2 results from Dutch supermarket group Ahold Delhaize.
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NewsCity snapshot: Coca-Cola Europacific Partners raises guidance on out of home rebound
GB Coke bottler Coca-Cola Europacific Partners has raised its sales and profits outlook after strong volume-driven first half growth on the back of a strong rebound of out-of-home consumption
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NewsCity Snapshot: Just Eat Takeaway falls €3.5bn into the red but confident of path towards profitability
Just Eat Takeaway has sunk to a €3.5bn loss in the first half after writing down the value of its embattled Grubhub service in the US, but the food delivery firm said it was making “significant progress” towards profitability.
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NewsCity Snapshot: Greggs reports surging sales but profits fall flat amid rising costs
Greggs has reported a 27.1% jump in first half sales, but profits remained stagnant due to the reintroduction of business rates, VAT and mounting costs. Plus, trading updates from AG Barr, Domino’s Pizza Group and Devro.