Results – Page 18
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NewsCity snapshot: Compass Group raises growth forecast as outsourcing picks up
Catering giant Compass Group has hiked its full year growth forecasts after getting back to pre-Covid sales levels at the end of its first half
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NewsCity snapshot: AB InBev posts volume growth despite price hikes
The world’s largest brewer AB InBev has posted first quarter growth of 11.1% driven by price increases and volume recovery
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NewsUK profit warnings spike as spiralling costs hit consumer industries
The number of profit warnings issued by UK-listed companies so far in 2022 has jumped 44%, with the beleaguered retail and consumer sectors amongst those worst hit by spiralling inflation
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NewsCity snapshot: Reckitt predicts margins will hold despite spiralling costs
Reckitt Benckiser expects to full year revenues to be at the upper end of guidance as it maintained sales volumes despite pushing through price rises of almost 6%
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NewsCity snapshot: Sainsbury’s warns of inflation impact despite soaring profits
Sainsbury’s has posted a strong surge in annual profits, but warned that profitability will fall back this year amid soaring inflation. Plus, on a busy morning, updates from Unilever, DS Smith, Carlsberg and more.
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NewsCity snapshot: WH Smith sales soar on global travel recovery
WH Smith has seen a strong rebound and revenues and moved back into profit as travel retail sales rebounded amid the relaxation of Covid restrictions. Plus updates from Coca-Cola Europacific Partners, Gousto and Nichols.
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsCity snapshot: Nestlé warns of further price increases as inflation boosts growth
The world’s largest food group Nestlé has warned of further price increases on top of its existing 5%-plus price hikes amid a “sharp” rise in costs. Plus, THG rejects ‘numours’ offers as it posts strong growth, but losses of £130m.
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NewsCity Snapshot: Heineken sales surge as pubs reopen but cost pressures remain
Beers sales at Heineken have rocketed in the first quarter as pubs reopened across Europe and Asia and the Dutch brewer hiked prices. Plus, full-year trading updates for Naked Wines and Real Good Food; and first-quarter figures from Danone and Just Eat Takeaway.
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NewsCity snapshot: Cake Box sales jump 50% on new openings and Covid rebound
Cake retailer Cake Box Holdings has posted growth of 50% in the year ending 31 March as store openings and the ending of Covid restrictions boosted sales
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NewsCity Snapshot: Tesco profits soar as boss Ken Murphy vows to keep cost of weekly shop in check
Tesco profits soared £1.4bn higher as sales increased, but the supermarket giant warned its bottom line would come under pressure in 2022 as it battled to keep prices low.
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NewsCity snapshot: Deliveroo posts double-digit first quarter growth against 2021 lockdowns
Deliveroo posted double-digit growth in its first quarter despite benefitting from Covid lockdowns last year, although spend per order fell. Plus retail growth slows in March, Parsley Box targets recovery from “tough” year and all the rest of the latest news from the City.
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NewsCity Snapshot: Treatt flags higher margin forecasts for H2 as momentum continues
Revenues at the group increased 9% to £66.3m in the first half to 31 March, driven by its expertise in citrus, its largest category, Treatt said in a trading update.
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NewsCity snapshot: Revenues soar as Hilton Food Group diversifies further
Meat and fish supplier Hilton Food Group has reported a surge in revenues and profits as it extended its reach across protein categories around the world. Plus, trading updates for Imperial Brands and Distil.
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NewsCity snapshot: Huel sales pass £100m on surging global growth
Plant-based meals brand Huel saw revenues top £100m last year amid strong growth in the UK and its international business
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NewsCity News: MP Evans profits surge on soaring prices
Surging commodity prices are not bad news for all food industry players, as UK-listed palm oil producer MP Evans proved this week with soaring annual profits
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NewsCity snapshot: Ocado retail sales slow as shoppers return to pre-pandemic habits
Retail revenues at Ocado slowed by 5.7% in the first quarter of its financial year as shopping habits returned backed towards pre-pandemic levels. Plus, Deliveroo losses top £300m as it invests in growth and all the latest news from the City.
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NewsCity Snapshot: Fever-Tree revenues fizz higher but short-term cost pressures loom
Revenues at premium mixer brand Fever-Tree Drinks have jumped 23% to £311.1m despite Covid restrictions hampering on-trade activity as shoppers enjoyed more cocktails at home. Plus, a profits warning from Bulmers owner C&C Group and strong interims from Eagle Eye Solutions.
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NewsCity Snapshot: Cake Box strengthens exec team in bid to move past audit issues
Bakery chain Cake Box has brought in new blood to its board and management team as it looks to move past governance and audit problems, with co-founder Pardip Dass stepping down as CFO after more than ten years in the role.
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NewsCity snapshot: John Lewis restores staff bonus on profits rebound
The John Lewis Partnership has restored its staff bonus as a strong rebound in sales at both John Lewis and Waitrose boosted profits.