Results – Page 34
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NewsCity snapshot: Intu misses out on rents as shopping centres shut
Intu received barely 29% of rents due on its UK properties as most retailers turned down the shutters due to the coronavirus pandemic. Plus, Casino posts annual profits growth, UK retail sales slow in February and all the rest of the latest news from the City.
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NewsCity snapshot: SSP braces for £135m coronavirus revenue hit
As travel halts across Europe and Asia, SSP Group expects group revenues to fall between £125m and £135m
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NewsCity snapshot: McColl’s reassures the market on financial strength
McColl’s has issued a business update regarding the deepening COVID-19 crisis, reassuring the City that it has the “financial and operational flexibility” to deal with prolonged disruption. Plus, Waitrose introduces new coronavirus measures, trading updates from Applegreen, Cake Box, Wynnstay, a new CFO for Greencore and all the rest of the latest news from the City.
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NewsCity Snapshot: Soft drinks suppliers warn of coronavirus impact
Soft drink makers AG Barr and Britvic has warned that the coronavirus has severely impacted their out of home sales, while Coca-Cola European Partners has scrapped its share buyback programme because of the virus. Plus, John Lewis and Primark shut their stores and all the rest of the latest news from the City.
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NewsCity snapshot: M&S warned of ‘severe impact’ of coronavirus and readies store closure contingencies
Marks & Spencer has warned of the “severe impact” of the coronavirus outbreak on its clothing and home business and has detailed a cost-control programme to mitigate the damage. Plus, supermarket competition law temporarily relaxed, Hotel Chocolat raises cash amid outbreak sales downturn and all the rest of the latest news from the City.
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NewsCity snapshot: Ocado Retail reports sales lift amid ‘unprecedented demand’
Ocado Retail has reported double-digit sales increase in the first quarter, which was unaffected by the coronavirus outbreak
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NewsCity snapshot: Morrisons expands online delivery and guarantees pay amid ‘unprecedented’ coronavirus challenge
Morrisons has pledged to expand its online delivery capacity and has guaranteed the pay of its staff amid what it called ”unprecedented challenges and uncertainty” around the coronavirus outbreak.
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NewsCity snapshot: Compass Group issues coronavirus-driven profits warning
Global catering giant Compass Group expects the spread of the coronavirus to hits its bottom line by up to 30% and reduce profits by £225m. Plus, The British Honey Co will use excess capacity to produce alcohol sanitisers, Bakkavor completes £455m refinancing and all the rest of the latest news from the City.
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NewsCity snapshot: Associated British Foods warns of impact of Primark European store closures
Associated British Foods has this morning warned the temporary closures of its Primark stores in Italy, France, Spain and Austria could cost £190m in lost sales. Plus The BRC and supermarkets issue public plea over panic buying and all the rest of the latest news from the City.
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NewsCity snapshot: WH Smith says coronavirus outbreak will cost up to £130m of sales
Shares in travel retailer WH Smith have collapsed after it warned the outbreak of the Covid-19 virus will hit its annual sales by up to £130m and its bottom line by up to £40m. Plus, markets plunge again on coronavirus spread, Carrs Group issues profits warning, C&C Group updates the market and all the rest of the latest news from the City.
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NewsCity snapshot: Waitrose sale ‘not up for debate’ in John Lewis turnaround plan
John Lewis Partnership chairman Sharon White has insisted a sale of Waitrose is not on the table as the group revealed a wide-scale strategic review.
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NewsCity snapshot: John Lewis profits drop 23% amid writedowns and bonus cut
The John Lewis Partnership has reported a 23% plunge in underlying pre-tax profits while taking a writedown of over £100m on its John Lewis store estate and cutting its staff bonus to 2%. Plus, updates from Domino’s Pizza, Total Produce, Origin Enterprises, PureCircle and all the rest of the latest news from the City.
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NewsCity snapshot: DS Smith delivers ‘robust’ Christmas performance
FTSE 100 packaging giant DS Smith said it had delivered robust performance since 1 November despite macro-economic uncertainty. Plus, Devro falls to loss amid factory writedowns and all the latest news from the City.
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NewsMackie’s of Scotland hits £16.7m turnover after chocolate sales boost
The record annual revenues mark a 20% increase on the previous financial year
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NewsGreggs hails ‘exceptional’ year but New Year sales slow
Greggs has posted a jump in annual sales and profits following an ‘exceptional’ year for the food to go chain, but admitted it has seen a ‘significant’ slowdown in sales in February due to stormy weather.
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NewsCity Snapshot: Just Eat Takeaway.com takes action against Delivery Hero
Just Eat Takeaway.com is taking action against German rival Delivery Hero, accusing it of breaking a standstill agreement by announcing plans to increase its stake in the newly merged UK-listed firm.
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NewsCity snapshot: Danone cuts 2020 guidance on ‘volatile and uncertain’ outlook
French dairy giant Danone has cut its growth targets for 2020 amid ‘volatile and uncertain’ global economic conditions and the potential impact of the coronavirus outbreak. Plus, Diageo and SSP Group warn of financial hits from COVID-19 outbreak, annual results from McColl’s and Nichols and all the rest of the latest news from the City.
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NewsCity snapshot: Hotel Chocolat boosted by store openings and global growth
Hotel Chocolat has posted a double-digit rise in first half sales and 7% pre-tax profit growth driven by the opening of new stores, international expansion and growing sales of its Velvetiser hot chocolate system. Plus, Tesco sells its share of China joint venture and all the rest of the latest news from the City.
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NewsCity snapshot: McBride profits slump amid weak second quarter
Private label household goods manufacturer McBride has announced a slump in first half sale and profits after a weak second quarter amid “difficult” market conditions.
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NewsCity snapshot: Kerry Group profits jump to €900m on growth and acquisitions
Irish food and ingredients giants Kerry Group has posted a double-digit rise in annual profits on the back of solid volume growth and the contribution of acquisitions.