Results – Page 32
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NewsUnilever shows ‘true strength’ to weather coronavirus crisis
Unilever has posted broadly flat organic sales and improve profits in the first half of the year in a performance that shows “the true strength of Unilever” according to its CEO.
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NewsCity snapshot: Nichols profits halve as coronavirus pandemic hits out of home sales
The company’s adjusted operating profits for the six months to 30 June amounted to £6.8m, a 48.9% drop on the previous year’s £13.3m
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NewsHeineken sales slump 16% amid €550m coronavirus writedown
Global brewer Heineken has reported a 16% first half revenue slump amid “unprecedented volatility and uncertainty” caused by the coronavirus outbreak.
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NewsCity Snapshot: Finsbury Food Group sales fall on coronavirus impact
The listed bakery manufacturer has guided for revenues in the year ended 27 June to be £306.3m, down from £315.3m last year
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NewsCity snapshot: Ocado first half retail sales top £1bn but pre-exceptional losses mount
Ocado has posted first half retail sales growth of 27.2% amid “unprecedented and sustained demand”, but its pre-exceptional losses rose by 64% to almost £80m amid mounting costs. Plus, Fever-Tree buys German distributor and updates on sales, McBride guides to better second half than expected and all the rest of the latest news from the City.
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NewsCity snapshot: Distil revenues rise 21% since April on strong retail sales
The premium drinks brands owner now expects revenues for the first half up by 75% to 85%
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NewsCity snapshot: Sainsbury’s sales jump but coronavirus profit hit to exceed £500m
Sainsbury’s has reported a double digit grocery sales increase in the first quarter of the year, but warned it expects a profit hit of more than £500m from the coronavirus crisis. Plus, SSP Group plans to cut 5,000 jobs, B&M continues strong COVID trading and all the rest of the latest news from the City.
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NewsCity snapshot: Distil sees annual sales and profits rise ahead of coronavirus pandemic
The owner of premium drink brands - such as Blackwoods Gin and Vodka, RedLeg Spiced Rum and Blavod Black Vodka - saw sales up 2% to £2.4m in the year ended 31 March 2020
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NewsCity snapshot: Online sales surge boosts Tesco’s first quarter
Tesco has reported first-quarter UK like for like sales growth of 8.7%, including a forecast £2bn rise in online sales which have nearly doubled since the COVID crisis began.
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NewsPremier Foods sales and profits rise in year of ‘considerable progress’
Premier Foods’ annual sales and trading profits rose last year after strong trading during the coronavirus crisis built on ‘substantial progress’ during the period.
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NewsDomino’s Pizza UK sales boosted by lockdown but bottom line suffers
Domino’s Pizza Group has reported a rise in first half sales, driven by “rapid” growth in its UK delivery business during the coronavirus lockdown period.
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NewsCity Snapshot: Bakkavor sales ‘showing signs of recovery’ despite May sales drop
UK ready meals player Bakkavor has said its sales volumes have stabilised and show “early signs of recovery in all markets”. Plus, UK GDP posts the worst monthly fall in history, Mitchells & Butlers renegotiates lending facilities and all the rest of the latest news from the City
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NewsCity snapshot: BAT lowers guidance despite ‘resilient’ lockdown performance
British American Tobacco has reported a resilient performance despite the effects of the coronavirus outbreak, with “strong” trading in developed markets
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NewsCity snapshot: Fever-Tree reports off-trade sales surge amid wider lockdown hit
Fever-Tree has experienced a jump in off-trade sales during the coronavirus shutdown, but has warned the closure of bars and restaurants across its key markets will have a “material impact” on full-year trading
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NewsCity snapshot: SSP swings to interim loss as coronavirus hits
SSP Group has swung to an interim loss as the coronavirus pandemic “heavily impacted” its trading, while announcing a call for investors to reinvest the dividend payment by buying new shares in the company.
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NewsCity snapshot: DIY and gardening sales boom boosts revenues at B&M
B&M European Value Retail has announced today it has seen a double digit jump in like for like sales during the lockdown period, despite a “significant fall” in customer numbers. Plus trading updates from Eage Eye, Young’s and all the rest of the latest news from the City.
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NewsCity snapshot: Paypoint card transactions surge during coronavirus outbreak
Paypoint has seen card transactions increase around 75% in April and May as shoppers are urged to ditch cash to prevent spreading the coronavirus
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NewsCity snapshot: Tate & Lyle posts rise in annual sales and profits
Annual sales and profits rose at sucralose and ingredients supplier Tate & Lyle last year as it continues to trade strongly through the coronavirus crisis, albeit with a more mixed April. Plus, Hilton Food Group issues positive trading statement, Pets at Home warns on first half profits despite annual sales and profits jump and all the rest of the latest news from the City.
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NewsCity snapshot: M&S profits slump despite food ‘outperformance’
Strong sales and profit growth in Marks & Spencer’s food business was not enough to turn around the group’s falling profits as weaker clothing and home sales hit its bottom line.
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NewsCity snapshot: Greencore food-to-go volumes drop 70% as coronavirus pandemic escalates
Weekly demand for Greencore’s food-to-go categories declined by up to 70% as the coronavirus pandemic escalated in the UK