Results – Page 19
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NewsCity snapshot: Greggs bounces back to profit but warns over soaring costs
A busy warning sees return to strong growth, but warn over costs, retail data from , - and Barclaycard, and annual results from and Domino’s Pizza Group.
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NewsCity snapshot: Coca-Cola HBC withdraws guidance due to Ukraine/Russia conflict
Troubled Eastern European Coke bottler Coca-Cola HBC has withdrawn its guidance for its current financial year due to the conflict between two of its key territories of Ukraine and Russia. Plus, Glanbia posts strong annual sales and profit growth, footfall rebounds in February and all the rest of the latest news from the City.
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NewsCity Snapshot: Nichols slides to a loss as out-of-home channel struggles to recover from Covid
Vimto maker Nichols has fallen to a loss as the damage caused to its out-of-home business by the pandemic continued to weigh heavily on the group. Plus, the latest shop price index from BRC, full-year losses balloon at Just Eat Takeaway, a bumper first-half for Hotel Chocolat and full-year results from sausage casings maker Devro.
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NewsCity snapshot: Inflation hits nine year high as supermarket sales continue to fall
Supermarket sales fell by a further 3.7% in the most recent three months, according to Kantar, as inflation hit its highest level since 2013
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NewsCity Snapshot: McColl’s confirms talks with banks to save it from collapse
McColl’s has confirmed it is talks with lenders as the c-store chain seeks to raise fresh capital to prevent it falling into administration. Plus, full-year results from Kitwave Group and a half-year trading update from Associated British Foods.
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NewsCity Snapshot: Nomad posts annual growth despite organic sales decline
Frozen specialist Nomad Foods posted a fifth successive year of headline and profit growth, despite an organic sales decline amid a “difficult operating environment”
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NewsCity Snapshot: Danone enjoys strong end to 2021 but inflation squeezes margins
Danone has registered a strong end to its financial year as a recovery in bottled water and higher prices pushed up sales, but inflation squeezed margins.
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NewsCity snapshot: THG denies supplier stock restrictions as share price plunges
THG has this morning denied media reports that key beauty suppliers are restricting stock over concerns around discounting, as market concerns again hit its share price. Plus trading updates from Coca-Cola HBC and McBride.
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NewsCity Snapshot: Profits decline at Finsbury Food Group despite record sales as inflation hits
Pre-tax profits fell 9.2% to £11.9m in the six months to 25 December, with operating profits in the UK side of the business down 27% to £4.7m as it managed labour shortages and supply chain disruption.
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NewsCity snapshot: Nestlé posts strong growth but inflation hits margins
Nestlé has reported strong annual growth in 2021, driven by continued retail growth and a recovery in out of home, though profit margins were hit by cost inflation. Plus Ocado and Groupe Casino deepen partners and Reckitt’s margins hit by costs.
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NewsCity Snapshot: Inflation hits new 30-year high in January
Inflation hit a new 30-year high last month as prices continued to climb despite January sales. Plus, Heineken bounces back but warns prices rise could hit demand for beer; full-year results from Coca-Cola Europacific Partners and Kerry Group; and Treatt appoints new CFO.
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NewsCity snapshot: Ultimate Products says global supply chain issues are improving
Homeware and household brands owner Ultimate Products has posted double-digit first half growth and pointed to improvements with global supply chain issues
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NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
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NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
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NewsCity Snapshot: PZ Cussons remains positive despite sales decline and cost pressures
Revenues have fallen back at hygiene and personal care group PZ Cussons as demand for its Carex hand sanitiser brand softened from heights experienced during earlier stages of the pandemic. Plus, Tate & Lyle appoints new CFO.
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NewsCity snapshot: Ocado’s annual loss grows by £125m as investment hits bottom line
Ocado’s annual losses ballooned to £176.9m last year despite continued top-line growth as investment in technology hit earnings
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NewsCity snapshot: SSP Group sales recovery hit by Omicron
Travel food retail specialist SSP Group has reported a “good” start to its financial year, though its recovery in revenues was hit in December and January by the spread of the Omicron variant. Plus, Carlsberg 2021 revenues top pre-Covid sales, UK footfall remains supressed and all the rest of the latest news from the City.
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NewsCity snapshot: Virgin Wines issues profits warning on rising costs
Online wine merchant Virgin Wines has issued a profits warning due to the ’uncertain trading environment’ and ’increased cost pressures’. Plus Nestle buys US-based plant-based player, updates from Compass Group and Cranswick and all the rest of the latest news from the City
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NewsCity snapshot: Diageo resurgence underpinned by on-trade recovery
Diageo has reported double digit rises in sales and profits as the recovery in the on-trade was boosted by market share gains and premiumisation trends. Plus trading updates from FeverTree, Britvic and Greencore.
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NewsCity Snapshot: Pets at Home raises profits guidance as shoppers splurge on Christmas presents for pets
Pets at Home Group has lifted its profit expectations after a bumper Christmas as momentum picked up during lockdown carried on throughout 2021. Plus, Premier Foods appoints Tania Howarth, former COO at Nomad Foods, to its board.