Results – Page 5
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NewsCity snapshot: Food prices fall for first time in more than two years
Food prices have fallen for the first time in more than two years as inflation in the sector continued to ease. Plus, full-year results from Heineken and Coca-Cola HBC
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NewsCity snapshot: Ultimate Products sales dip as air fryer craze dissipates
Homeware and household brands owner Ultimate Products has seen a fall in sales in its first half of its financial year as it laps “exceptionally strong demand” for air fryers last year
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NewsWilliam Jackson Food Group back in profit after MyFresh exit
William Jackson Food Group grew sales and moved back into the black last year, despite the cost of living crisis and a drop in online grocery shopping
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NewsCity snapshot: Unilever returns to volume growth but performance remains ‘disappointing’
Unilever returned to volume growth last year as price increases decelerated, but new boss Hein Schumacher said the group’s competitiveness remained “disappointing”
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NewsCity snapshot: Sainsbury’s targets £1bn in savings as it launches ‘Next Level Sainsbury’s’ strategy
Sainsbury’s is targeting £1bn in cost savings over the next three years as part of its new strategy launch this morning. Plus, PZ Cussons issues a profits warning and Just Eat Takeaway appoints new CFO.
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NewsCity snapshot: Gusbourne narrows losses despite challenging second half
English sparkling wine producer Gusbourne has narrowed underlying losses as it cut costs and continued to grow sales.
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NewsCity snapshot: Travel recovery boosts WH Smith
WH Smith grew revenues in the second half of last year as the global travel market continues to recover and it expands its number of airport outlets
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NewsCity snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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NewsCity snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsCity snapshot: Tesco and Marks & Spencer post bumper Christmas sales
Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider market
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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NewsCity News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m