Results – Page 54
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NewsSales and profits surge at Hotel Chocolat
Sales and pre-tax profits both surged at Hotel Chocolat last year as new store openings and international ventures offset cost increases.
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NewsCommodity price hikes dent profits at UB and Finsbury Food
Brexit-related commodity inflation has eaten into the profits of two more major UK food suppliers, according to figures released this week.
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NewsEmerging markets volatility to hit Diageo’s profits
Weakness across a basket of emerging markets currencies is expected to reduce Diageo’s 2019 sales and profits, CEO Ivan Menezes has announced this morning.
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NewsOcado third quarter sales rise 11.5%
Ocado has posted an 11.5% retail sales rise in its third quarter, driven by a double-digit rise in customer numbers.
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NewsGrain D’or closure hits profits at Finsbury Food Group
Bakery business Finsbury Food Group has reported a 65% drop in full year pre-tax profits as it was impacted by £12m in costs caused by the closure of its Grain D’or bakery business.
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NewsCity snapshot: Cathedral City and Clover drive first half sales growth at Dairy Crest
Cathedral City manufacturer Dairy Crest expects a rise in profits and sales for the first half of 2018, driven by its cheese and spreads, Finsbury Food Group pre-tax profit fall following Grain D’or closure, and all the rest of the latest news from the City.
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Analysis & FeaturesMorrisons' shares slide despite quarterly sales jump
Morrisons posted its best sales quarter for nine years and announced a special dividend gift to investors, but the hard-to-please City still sent the supermarket’s shares into the red.
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NewsNespresso drives up Nestlé UK sales as petfood struggles
Nestlé posted a 3.6% rise in UK sales last year, with its Nespresso brand posting double-digit growth, but profits fell back as its key petfood division struggled.
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NewsInnocent Drinks sales boosted by international growth surge
The UK’s biggest smoothie maker Innocent Drinks has posted annual revenue growth of 22% as surging international sales boosted sales to almost £370m.
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NewsCity snapshot: Co-op Group first half sales up 10% as food and Nisa deal drive growth
The Co-op Group has this morning announced a 10% rise in first half sales to £5bn driven by strong like for like food sales growth and its acquisition of Nisa. Plus, Connect Group, the logistics company spun out of WH Smith, has announced a profit warning and all the rest of the latest news from the City.
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NewsBerry Bros & Rudd reports £16m sales hike in 'solid' year
Berry Bros had “restructured the balance sheet”, CEO Dan Jago told The Grocer.
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NewsSales slide at Whitworth's after price squeeze from 'major customers'
The home baking specialist blamed increasing “price pressures” for the drop in sales to £167.1m
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NewsCity snapshot: Morrisons first half sales up 4.5% after strongest quarter for nine years
Morrisons has posted a first half revenue rise of 4.5% to £8.8bn after a like for like sales surge in the second quarter driven by its growing wholesale business. Plus, John Lewis Partnership pre-tax profits plunge 99% despite improving Waitrose performance and all the rest of the latest news from the City.
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NewsFruitapeel sales jump 31% in year of Puratos acquisition
The private label manufacturer drove sales from £10.4m to £13.6m in the year ending 28 February 2018
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NewsCity snapshot: Seachill growth boosts Hilton Food Group sales
Sales jumped 25% at packaging and food processing giant Hilton Food Group (HFG) in the first half of 2018, boosted by the strong performance of Seachill, Unilever revealed plans for a new holding company ahead of its Dutch move, and the rest of the latest news from the City.
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NewsABF profit “progress” dragged back by currency and sugar woes
Associated British Foods has issued a pre-close trading update for the year to 15 September, noting that strong profit performance from Primark, grocery and other divisions will be hampered by lower EU sugar prices.
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NewsFarmfoods annual sales drop 4% amid “competitive” market
Scottish frozen foods retailer Farmfoods posted a 4% drop in annual revenues last year as competitive pressures continued to weigh on the grocery chain.
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NewsCovent Garden Market Authority reports £100m profit boost
Traders within the market saw turnover increase 6% to £626m despite declining occupancy
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NewsMcColl's shares rebound after P&H collapse dragged value down
McColl’s stock had plunged to a two-year low of 125p in late August put is now up 12.1% for the week
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NewsSales rocket 75% at Grenade on back of PE acquisition
The snack bar and drink maker delivered strong growth after being bought by Lion Capital in March 2017