Results – Page 59
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NewsFood Warehouse expansion drives 8% Iceland annual sales rise
Sales at Iceland rose 8% for the year ending 30 March 2018 driven by the expansion of its Food Warehouse concept and improved organic growth in the fourth quarter.
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NewsCity snapshot: Tesco first quarter like-for-likes up 2.1%
Tesco’s growth plans are firmly “on track” after it reported a tenth consecutive quarter of growth, with UK like-for-like sales up 2.1% in the first quarter. Plus, sales at Iceland rose 8% for the year ending 30 March 2018 with like-for-likes up 2.3% and all the rest of the latest news from the City.
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NewsCity snapshot: Majestic Wine back in the black despite “challenging” home market
Majestic Wine has posted a full year pre-tax profit of £8.3m after reported a loss of £1.5m last year as the improved performance of its Naked Wines business boosted the bottom line. Plus, PZ Cussons warns Nigerian economic troubles will hit profits, NWF Group reports year head of expectations and all the rest of the latest news from the City.
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NewsProfits up at Fullers Frozen Food after 5.7% sales increase
Sales at Fullers Frozen Foods jumped up 5.7% to £285m in 2017 from £269m, driving up profits despite cost increases
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NewsCity snapshot: CCEP faces rising costs due to UK sugar levy
Coca-Cola European Partners will today tell investors that revenue is growth for the year is expected to be in the “low-single digits” but that the recent UK soft drinks levy will add 4% to its costs. Plus, Deliveroo is to rapidly expand across the UK and increase its restaurant numbers by around 50% and all the rest of the latest news from the City.
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NewsCity snapshot: Currencies weigh on first half earnings at British American Tobacco
British American Tobacco said its first half-year trading was in line with expectations but warned that currency exchange rates would inhibit growth. Plus, the latest on Poundworld’s plunge into administration and all the rest of the latest news from the City.
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NewsDr Oetker profits fall 31% after cost increases
Frozen food supplier Dr Oetker has seen profits fall on the back of cost increases despite a 2.4% rise in sales
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NewsCommodity cost increases and weak pound hit profits at Filippo Berio
Premium olive oil supplier Filippo Berio saw a fall in profits despite 8% sales growth as it was impacted by increasing commodity costs and a weaker pound
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NewsCharlie Bigham's adds capacity as it records 18% profits rise
The upmarket ready meal manufacturer saw pre-tax profits rise to £4.1m for the year ending 31 August 2017, after sales rose 7.5%
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NewsWH Smith exceeds expectations with solid third quarter sales
WH Smith’s “profit-focused strategy” seems to be winning more friends in the City than it has on the high street
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NewsPies & pastries supplier Peter's embarks on refinancing deal
Welsh pies and pastries supplier Peter’s is undergoing an emergency multimillion refinancing after falling to a pre-tax loss of £2.6m last year
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NewsCity snapshot: Remy Cointreau upgrades earnings expectations
French spirits group Remy Cointreau has increased its sales and profits targets after posting a 14.1% increase in operating profits last year. Plus, new CFO for Irish agri-services group Origin Enterprises and all the rest of the latest news from the City.
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NewsCity snapshot: Travel sales jump boosts WH Smith in third quarter
An 8% jump in WH Smith’s travel arm has helped its overall group sales rise 4% in the third quarter while gross margin continued to improve. Plus, cold weather and higher fuel prices hit Applegreen’s early 2018 performance, currency inflation boosts profits at Zambeef and all the rest of the latest news from the City.
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NewsHenderson Group hails 8.5% sales rise as 'tremendous'
Henderson Group CFO Ron Whitten heralded the results as “a tremendous performance”
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NewsCity snapshot: Costco third quarter sales miss expectations
Shares in global retail group Costco have slipped in the US despite a 12.1% third quarter sales boost as growth fell short of market expectations. Plus all the rest of the latest news from the City.
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NewsCity snapshot: Asda annual profits drop 13% as investment in price weighs on bottom line
Asda has posted a 13% drop in annual operatings profits as it invested in price and new products to regrow sales. Plus, Supermarket Income REIT has bought the Tesco Extra supermarket in Scunthorpe, plus all the rest of the latest news from the City.
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NewsHeron Foods deal boosts annual earnings at B&M
B&M European Value Retail blew off turmoil on UK high streets as its annual profits jumped 25.4%.
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NewsOrnua Foods bounces back into black with £7.1m profit
The dairy co-op saw total revenue hit £319m for the year to 30 December, up 11.6% on the previous year
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NewsCity snapshot: Stronger pricing boosts bottom line at Tate & Lyle
Tate & Lyle has posted a 23% jump in full year pre-tax profits despite falling sales of its key Sucralose sugar substitute product as improved pricing boosted margins. Plus, PayPoint posts a rise in annual sales and profits, driven by increased retail penetration, Tesco and Booker director takes chairman role at C&C Group and all the rest of the latest news from the City.