Results – Page 23
-
NewsCity Snapshot: M&S lifts profits forecast as turnaround picks up pace
Marks & Spencer has upgraded its expectations for the year for the second time as its sales and profits leapt ahead of pre-pandemic figures.
-
NewsCity Snapshot: Cake Box profits boom as it grows estate
Profits have more than doubled at Cake Box as customers flooded back to its stores after the end of lockdown.
-
NewsCity snapshot: Sainsbury’s profits jump despite second quarter sales slowdown
Sainsbury’s has posted a strong rebound in first half profits on continued grocery growth despite a wider like for like sales slowdown in its second quarter
-
NewsCity Snapshot: Pets at Home boss Peter Pritchard to leave pet care retailer
Pets at Home Group CEO Peter Pritchard is to leave the retailer after 11 years with the business. Plus, Coca-Cola HBC reports strong Q3.
-
NewsCity snapshot: HelloFresh raises growth expectations on continued strong sales
Meal kit supplier HelloFresh has upped its full year sales forecast after continued strong customer and revenue growth in its third quarter
-
NewsCity snapshot: AB InBev raises profit forecast as sales exceed pre-pandemic levels
The world’s largest brewer AB InBev has raised its full year profit expectations after sales surged past pre-pandemic levels on volume and price growth in its third quarter. Plus updates from C&C Group, Virgin Wines and DS Smith.
-
NewsCity Snapshot: Heineken warns of price rises as it battles on several fronts
Dutch brewing giant Heineken is the latest fmcg group to warn of higher prices in the face of rising costs and supply chain challenges as volumes slumped in its third quarter. Plus, Morrisons shares have been delisted from the London Stock Exchange, with a number of the board stepping down; food inflation accelerates in October; and Kerry Group updates on Q3.
-
NewsCity snapshot: Reckitt raises sales expectations as cold and flu sales rebound
Reckitt Benckiser has raised its full year revenue forecast after a stronger third quarter than expected as sales volumes and pricing both increased in the period. Plus, THG strenghtens board as third quarter growth slows.
-
NewsCity snapshot: Unilever sales volumes fall as it hikes prices
Unilever’s underlying growth fell back to 2.5% in the third quarter as sales volumes fell back as the consumer giant hiked prices. Plus, Pernod Ricard rebounds on hospitality reopenings and all the rest of the latest news from the City.
-
NewsCity Snapshot: Nestlé enjoys ‘strong’ organic growth thanks to price hikes and return of OOH
Rising prices, continued elevated demand at supermarkets and a recovery in the out-of-home channel has helped Nestlé boost organic growth by 7.6% in the first nine months of 2021. Plus, Deliveroo updates on Q3; and UK inflation rate slows down in September.
-
NewsHighland Spring: logistics crisis slowing recovery from Covid
Bottled water brand Highland Spring has blamed the logistics crisis for inhibiting its sales rebound from a Covid-depressed 2020
-
NewsCity snapshot: Store openings drive sales increase for Poundland owner Pepco Group
Poundland owner Pepco Group has grown its full year revenues by almost 20% as significant store expansion and like-for-like sales growth despite the Covid pandemic boosted performance. Plus, boar shake-up at British Honey Co and VAT changes hit growth at Domino’s.
-
NewsCity Snapshot: Just Eat continues to thrive as world returns to normal
Growth at Just Eat Takeaway has remained “strong” in the third quarter despite large parts of the world retunring to pre-pandemic life. Plus, THG comments on yesterday’s dramatic 35% share price fall; Nestle changes its geographic zone structure; and Kerry Group kicks off its virtual capital markets day.
-
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.
-
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.
-
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
-
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
-
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
-
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.
-
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.