Results – Page 65
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NewsHigh street pressures tell on Eat as losses mount
The pressures troubling the casual dining sector are also affecting the quick service restaurants, with newly filed accounts for sandwich chain Eat showing pre-tax losses rose from £1.5m in 2016 to £3.7m last year - its fifth consecutive year of losses.
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NewsReckitt Benckiser's shares hit by future performance concerns
Durex maker Reckitt Benckiser’s shares dropped to their lowest level for two years on Monday
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NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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NewsAsda reports fourth consecutive sales increase after a strong Christmas
Like-for-like sales rose just 0.5 per cent in the last three months of 2017, as the supermarket fights off competition from the discounters
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NewsCity snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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NewsProfits at Pukka Pies plunge 45% despite rising sales
A hike in the cost of raw materials ate into the Leicestershire-based pie-maker’s margins
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NewsNestlé reports slowest growth this century
Consumers have continued to shun mainstream packaged food in favour of cheaper own-label or healthier snacks
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NewsPepsiCo organic sales up 2.3% but earnings hit by new US tax law
PepsiCo has reported organic revenues growth of 2.3% for both its fourth quarter and full-year 2017, but earnings were hit by a one-off $2.5bn charge relating to new US tax rules.
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NewsCity Snapshot: Volume and price growth drive “exceptional” year at Coca-Cola HBC
European Coke bottler Coca-Cola HBC (CCH) has reported a 5.9% jump in organic sales and a double-digit growth in profits as both volume and price growth boosted its full-year performance. Plus, Danone to sell down some of its 21.3% Yakult stake and all the rest of the latest news from the City.
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NewsStruggles of former UK confectionery arm hit Raisio’s profits
Full-year sales and earnings at Finnish food group Raisio fell last year as a result of “challenges” in its now-divested UK confectionery business. However, the company is now targeting acquisitions as part of a wider turnaround plan.
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NewsOcado share price takes hit as profits stall
Ocado’s share price surge came to a halt on Tuesday after it revealed its annual profits had fallen back into the red
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NewsWeetabix sales slip under new owner
Weetabix sales fell 1.2% in the final three months of 2017, according to quarterly earnings reported by Post Holdings
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NewsQuorn sales hit record levels as meat-free demand soars
Soaring demand for a meat-free diet has fuelled a 16% jump in sales at Quorn in 2017 to a record £205m. The business said the rise in vegan and flexitarian lifestyles helped drive the global growth.
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NewsCity snapshot: Ocado slips back into the red as cost of technology weighs on earnings
Ocado has reported a £0.5m 52-week loss despite double digit revenue growth as the cost of funding expansion and new technology hit the bottom line. Inflation drives strong grocery sales according to latest market share figures and global market slump hammers UK shares.
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NewsCJ Lang & Son sees turnover fall with cigarette sales
National living wage increases forced the Spar wholesaler to make cost reductions throughout the business
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NewsUnilever navigates 'challenging' conditions to boost top and bottom lines
Consumer goods giant Unilever has increased full-year sales and profits despite operating in “challenging” market conditions in 2017.
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NewsConviviality shares suffer following margins warning
The company’s shares fell c19% from 302.5p to 285p over the course of the morning, wiping £132m from Conviviality’s market…
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NewsCity snapshot: Retail sales growth boosts Conviviality full-year revenues
Drinks retail and wholesale group Conviviality grew sales by 9.2% in the first half of its financial year, driven by 10% growth in its retail operations. Plus all the rest of the latest news from the City and a look at the week ahead.
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NewsYoung's Seafood returns to sales growth but profits still in decline
Profits have continued to decline at Young’s Seafood despite its sales returning to growth in the year to 30 September 2017.