Results – Page 45
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News
Typhoo falls to £20m loss as tea and operating costs soar
The tea supplier suffered from a sharp rise in the cost of key raw materials
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City snapshot: Unilever’s first quarter sales beat expectations
Unilever has topped City expectations with underlying sales growth of 3.1% in the first three months of the year. Plus, Nestlé posts first quarter organic growth ahead of forecasts this morning and all the rest of the latest news from the City.
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News
Danone first quarter sales edge up 0.8% amid volumes slide
French dairy giant Danone has posted a 0.8% like for like sales growth in the first three months of the year as performance was hampered by tough comparatives, a consumer boycott in Morocco and weaker sales volumes.
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City snapshot: Card Factory profits hit by mounting costs
Greeting cards and gifts chain Card Factory has posted flat like for like annual sales despite a “tough consumer environment” but saw profits hit by rising costs. Plus, all the rest of the latest news from the City.
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Analysis & Features
Tesco shares rise as Dave Lewis reawakens retail giant
Tesco CEO Dave Lewis is well on the way to reawakening the power of the once dominant retail behemoth as the supermarket exceeded lofty financial expectations this week.
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News
Bidfood owner BFS Group suffers £14.8m loss driven by logistics weakness
Bidfood owner BFS Group slumped to a headline loss of £14.8m in its most recent financial year due to heavy losses outside its core foodservice business.
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Fiddes Payne losses deepen after international sales decline
Revenues at the Cake Angels owner dropped 2% to £14.3m in the year to 30 June 2018
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News
US expansion boosts first half sales at WH Smith
Travel revenues continues to rise at WH Smith, which has announced 8% growth in first half sales after its acquisition of US travel retailer InMotion. Plus all the rest of the latest news from the City.
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Analysis & Features
Tesco preliminary results: analyst reactions
Tesco has beaten analyst expectations to deliver a 29% surge in pre-tax profits
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News
City snapshot: Tesco profits surge as turnaround nears completion
Tesco beat analyst expectations to deliver a 29% surge in pre-tax profits, Diageo and Greggs add non-executive directors and the rest of the news from the City
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News
Tesco set to reveal bumper profits boost
Tesco is set to announce its biggest annual profit since the accounting scandal that dogged the UK’s biggest supermarket in 2014. Plus, board changes at Total Produce, a look forward to the week in the City and all the rest of the latest finance news.
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News
Bumper sales at Inspired Pet Nutrition but profits fall back
The owner of pet food brands Wagg and Harringtons grew annual sales by 17.3% last year to £91.3m but profits were held back by its reluctance to push cost increases though to higher prices.
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News
Ella's Kitchen sales and profits surge amid sustainability push
The organic baby food supplier saw profits soar 23% to £10.4m during the year to 30 June 2018
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Profits slide at Tayto despite acquisition sales boost
The Northern Irish crisp giant saw pre-tax profits fall 62% despite new acquisitions boosting sales
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City snapshot: Booming food sales drive profits boost at The Co-op
The Co-op has posted a double-digit rise in annual sales and profits last year as strong food performance boosted growth. Plus, March’s high street figures fail to rebound from Beat from the East all the rest of the latest news from the City.
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News
Global Brands sales surge 19% on back of product innovation
Sales growth accelerated at VK-owner Global Brands, taking annual sales past the £50m mark for the first time
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Ornua reports strong results but warns Brexit will be 'costly'
The Irish dairy co-op saw global operating profit up 14.8% last year to €40.4m, boosted by strong performance by the Kerrygold brand
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News
Grocery sales growth drops to slowest rate in a year
Grocery sales growth has fallen to its lowest level since March 2018 as the late Easter and Mother’s Day hit year-on-year comparisons, according to Kantar. Plus, profits slump at palm oil producer MP Evans and all the rest of the latest news from the City.
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News
Recovery begins at Accolade Wines after turnover growth
Revenues at the troubled Echo Falls and Hardys owner grew £3m to £476m for the year ending 30 June 2018
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News
Food-to-go chain Eat swallows £17m loss after sales slump
Food-to-go retailer Eat has swallowed a £17.3m loss for the past year, after sales slumped 4.3% amid pressure on the UK high street