Results – Page 22
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NewsCity Snapshot: Treatt sales boom post-lockdown
Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living. Plus, Asos CEO Nick Beighton steps down.
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NewsCity snapshot: Tesco raises profit expectations on strong sales growth
Tesco has hiked its profits expectations after strong UK sales and the sharp recovery of Booker boosted its first half performance.
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NewsCity snapshot: Hotel Chocolat sales and profits rise on digital growth
Hotel Chocolat has posted a financial year ahead of the board’s expectations, with strong revenue and profit growth despite the impact of the pandemic
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NewsCity Snapshot: CD&R wins £7bn Morrisons takeover auction
US private equity firm Clayton, Dubilier & Rice prevailed in the one-day auction for Morrisons over the weekend
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NewsCity snapshot: Greencore fourth quarter sales back above pre-Covid levels
Greencore has seen further recovery in its fourth quarter to take revenues back above pre-Covid levels and full year operating profits at the upper end of expectations
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NewsCity snapshot: Diageo points to margin recovery as hospitality sector reopens
Diageo has said it has made a ‘strong start’ to its financial year, forecasting an improvement in operating margins despite supply chain constraints. Plus, Parsley Box warns on sales and profits and all the rest of the latest news from the City.
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NewsCity Snapshot: CD&R and Fortress auction for Morrisons to go ahead on Saturday
The City’s Takeover Panel has set out the terms of the forthcoming Morrisons auction between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group. Plus, food prices rise for first time in six months, SSP Group updates on trading, and SIS signs partnership with NBA champions.
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NewsCity snapshot: AG Barr posts ‘record’ first half profits as out-of-home consumption rebounds
Irn-Bru maker AG Barr has posted record first half profits as the out-of-home soft drinks market rebounded, but warned second half margins will slide on rising costs.
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NewsCity Snapshot: Aldi to invest £1.3bn following record sales in 2020
Aldi has revealed plans to invest £1.3bn over the next two years in an attempt to grab a bigger share of the UK grocery market following sales hitting record levels in 2020.
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NewsCity Snapshot: PZ Cussons swings to a loss as turnaround effort makes progress
Personal care group PZ Cussons has swung into the red as it put a turnaround plan into action, with CEO Jonathan Myers hailing the initial progress but recognising there was “much more to do”. Plus, full-year results from Eagle Eye.
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NewsCity Snapshot: C-stores boosted by return of pre-Covid shopping habits
A gradual shift to pre-pandemic shopping behaviour has delivered a boost to the UK’s convenience store market, according to the latest monthly data from NielsenIQ. Plus, a fourth quarter trading update from Compass Group, and full-year results from Real Good Food.
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NewsCity Snapshot: Finsbury Food Group shows signs of recovery from Covid
Bakery group Finsbury Food has boosted sales and profits as it adapted to the ongoing coronavirus pandemic and saw lost foodservice business begin to recover. Plus, Supermarket Income REIT has added six more supermarkets to its portfolio, and Ultimate Products has signed a license brand endorsement with Weight Watchers.
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NewsCity Snapshot: John Lewis cuts losses but exceptional costs leave it in the red
The John Lewis Partnership has bounced back from a £635m loss in its first half of 2020, but remains in the red. Plus interim results from The Co-op and Hilton Food Group, while Phillip Morris declares victory in Vectura battle.
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NewsCity snapshot: International growth drives 36% Fever-Tree sales rise as margins slide
Premium mixers suppliers Fever-Tree has posted a 36% rise in year-on-year revenues in the first half of the year, though rising cost pressures meant margins contracted
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NewsCity snapshot: Ocado sales drop 10.6% as Erith fire and online slowdown hits growth
Ocado Retail has announced a 10.6% drop in third quarter revenues as it suffered the effects of a fire at its Erith customer fulfilment centre and exceptional strong comparatives from 2020. Plus, CD&R strikes agreement with Morrisons pension scheme trustees, grocery sales fall and all the rest of the latest news from the City.
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NewsCity snapshot: ABF ups profit guidance on sugar and Primark outperformance
Associated British Foods has raised its full year profit guidance after the fourth quarter margin performance of Primark and its sugar business beat expectations
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NewsCity snapshot: Sales and profits slide at Morrisons as it warns of rising costs
Morrisons saw like for like sales fall 3.7% in the second quarter against “tough” year on year comparatives, while first half pre-tax profits fell by more than a third due to Covid costs and business rates.
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NewsCity snapshot: CCEP sales rebound as easing of Covid restrictions boosts consumption
Coca-Cola Europacific Partners has reported ‘strong’ first half performance as volumes recovered in the second quarter as coronavirus restrictions eased across key territories.
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NewsCity Snapshot: WH Smith sales rebound as lockdown ends but travel recovery still uncertain
WH Smith has performed better than expected as customer numbers at its travel sites and high street stores slowly recovered with Covid restrictions easing over the summer. Plus, the latest BRC-NielsenIQ shop price index, Pernod Ricard reveals full-year figures, and SSP Group updates on CEO succession search.
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NewsCity Snapshot: EG Group profits surge as Covid restrictions ease
Profits have returned to strong growth at forecourt giant EG Group as customer numbers recovered from the pandemic lows of a year ago.