Results – Page 157
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NewsWaitrose grows but counts cost of spending spree
Waitrose grew like-for-like food sales by 3% in the past year, off the back of new own-label ranges including Love Life and Good to Go.
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News
Kingsmill squeezed despite outpacing rivals
Kingsmill margins have taken a knock even though the bread brand grew faster than rivals Warburtons and Hovis last year.
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Comment & Opinion
It's remarkable that Tesco's £40bn supertanker can turn so quickly and simply
Little details really do count in retail. And they can turn around the performance of a £40bn sales supertanker in a matter of weeks…
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Comment & Opinion
The tenuous link in grocery between performance and pay
I couldn’t help feel a tad ambivalent when I discovered that it’s not just bankers who’ve seen their pay packages squeezed of late.
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NewsHealth Lottery is million-pound-a-week sickener for Camelot
National Lottery operator Camelot has claimed that it has lost £1m sales every week since the launch of the Health Lottery in October.
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NewsKapoor unveils masterplan to shake up Reckitt
Reckitt Benckiser has vowed to spend an additional £100m a year on advertising its key brands as part of a revamped strategy to improve performance.
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NewsMaximuscle beefs up GSK performance but OTC catches a cold
Lucozade maker GlaxoSmithKline has reported sales growth of 5% across its consumer healthcare business for 2011.
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News
Giants outwitted by more nimble rivals
Big is not always beautiful in grocery. Carrefour and Tesco, the second and third-biggest global supermarkets, were outwitted over Christmas by smaller rivals.
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NewsRecord market share for Colgate-Palmolive
Sales jumped 7.5% to $16.7bn at Colgate-Palmolive last year.
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NewsHealth Lottery gives PayPoint sales a shot in the arm
The launch of the Health Lottery helped to stem the decline in top-up revenues and propel PayPoint towards growth of 8%.
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Hancocks sales pass the £100m mark
Sales rose 7.5% at confectionery wholesaler Hancocks last year after more retailers picked up its own-label lines.
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Albert Bartlett hit by 'intense' competition
Potato giant Albert Bartlett has warned of “intense” price competition following a 32% fall in profits.
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NewsParfetts turnover tops £300m as exports and retail club shine
A boost from exports and membership of its Go Local retail club have helped AG Parfett & Sons break the £300m turnover barrier.
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Comment & Opinion
Ocado clears the fridge when it should be basting the turkey
The timing of Ocado’s profits warning couldn’t have been worse, laying out for all to see the extent of its…
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NewsGlanbia warns of global dairy slowdown
Glanbia has issued a robust assessment of trading for the year to date, but warned of weakening demand globally for dairy products.
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NewsBrits to spend £33bn on festive food
UK shoppers will splash out £1bn more on Christmas than they did last year, despite the squeeze on consumer spending…
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NewsImperial profits grow again despite sliding tobacco volumes
Imperial Tobacco relied on growth in emerging markets as profits improved by more than 4% over the past year. Operating profits at the Lambert & Butler maker grew to £2.64bn, while price hikes contributed to a rise in total sales of 3.7% to £29.22bn.
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NewsRecord UWS profits hit by £1m legal bill
United Wholesale (Scotland) incurred an exceptional charge of more than £1m in legal costs covering the successful appeal against the conviction of former MD Athif Sarwar for money laundering. Accounts published this week at Companies...
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NewsProfits up a quarter at Home Bargains operator TJ Morris
TJ Morris has posted operating profits of £57.5m for the past year. The figure, for the 12 months to 30 June, represents an increase of 24% over the previous year. Turnover at the discount retailer, which trades as Home Bargains, hit £721m.
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Comment & Opinion
Tesco's fighting talk
Philip Clarke today had the unfortunate task of unveiling what many have described as Tesco’s worst interims for 20 years, despite a tidy rise in profits across the group.