Results – Page 7
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NewsCity snapshot: Reckitt Benckiser reveals new CEO as it beats Q1 expectations
Reckitt Benckiser has appointed a new CEO to take over from interim boss Nicandro Durante, while revealing a strong start to the year
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NewsCity snapshot: Travel rebound boosts WH Smith sales and profits
A strong rebound in UK and international travel has boosted first-half sales at retail group WH Smith, which plans to open 120 more travel stores to tap this growth
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NewsCity snapshot: Food prices race to 45-year high to keep UK inflation higher than hoped
Soaring food prices have contributed to a higher-than-expected inflation rate in March, according to the latest government figures. Plus, Heineken and Just Eat Takeaway report first quarter results, while Cake Box issues a full-year trading update.
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NewsCity snapshot: THG falls to £496m operating loss as margins slide
Online beauty and nutrition retailer and brand owner THG has reported a £496m annual operating loss as its margins were slashed by a reluctance to pass on inflationary price increases and investment in customer retention
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NewsCity snapshot: Supreme upgrades expectations amid vaping boom
Vape manufacturer Supreme is set to report annual results that are “comfortably ahead” of market expectations thanks to booming sales and acquisitions
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NewsTesco profits halved amid ‘incredibly tough year’ for consumers
Tesco’s full-year profits have more than halved as lower sales volumes, cost inflation and writedowns of its property and assets due to economic conditions. Plus Science in Sport decides against sale and trading updates from PZ Cussons and Imperial Brands
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NewsCity snapshot: Record first-half sales at Treatt as drinks volumes prove resilient
Ingredients manufacturer Treatt has reported a strong start to the year, registering record sales in the first half
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NewsCity snapshot: Co-op boosts profits with “robust” performance but inflationary challenges continue
The Co-operative Group has hailed a “robust” set of annual results as the mutual’s profits received a boost from the sale of petrol forecourts to Asda and cost-cutting. Plus, former Co-op Group boss Steve Murrells appointed as CEO of meat processing giant Hilton Food Group. Hilton also reported a fall in full-year profits.
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NewsCity snapshot: UK supermarket sales growth continues to lag inflation
UK supermarkets posted double-digit growth in March, but sales growth continues to lag food price inflation, according to new grocery market share figures
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NewsCity snapshot: Lavazza keeps lid on price rises to boost volumes in 2022
Lavazza has boosted turnover by 17.6% to €2.7bn as the coffee products group kept a lid on price rises and increased volumes across all the markets in which it operates.
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NewsMorrisons boss hails gathering momentum as sales turn positive
Morrisons has halted declining sales in its first quarter, with CEO David Potts declaring that ‘momentum in the business is now building’
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NewsCity snapshot: Supermarket Income REIT grocery portfolio value drops by £250m amid rising rates
Supermarket property investor Supermarket Income REIT has seen the value of its portfolio drop by almost £250m over the past six months amid rising UK interest rates
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NewsCity snapshot: Chapel Down sales fizz as it shifts record volumes of premium sparkling wine
English wine maker Chapel Down has registered a record year as sales of traditional method sparkling wine boomed.
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NewsCity snapshot: C&C Group profits rise despite ‘challenging trading backdrop’
Drinks supplier C&C Group has announced its full year profits will be in line with revised expectations and it will recommence dividend payments despite a ‘challenging trading backdrop’
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NewsCity snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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NewsCity snapshot: John Lewis Partnership swings to £234m loss as it warns of job cuts
The John Lewis Partnership has plunged to a £234m loss on property writedowns and a drop in core profitability at both retail brands, while warning of future job cuts and declining to pay a staff bonus
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NewsCity snapshot: Virgin Wines launches ‘full business review’ after sales and profits plunge
Online wine merchant Virgin Wines has launched a ‘full business review’ as pressure on consumer spending hit first half sales and profits. Plus, Sainsbury’s buys £430m property portfolio and Eagle Eye upgrades earnings expectations
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NewsCity snapshot: EG Group reports ‘resilient’ 2022 as it sells off chunk of US sites for $1.5bn
Forecourt giant EG Group has delivered “a highly resilient” performance in 2022 despite the challenging macro-economic environment. The group also announced a $1.5bn sale and leaseback on a portfolio of sites on the east coast of the US to help reduce its mountain of debt
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NewsCity snapshot: World Cup helps Domino’s Pizza Group score record Q4 orders
Domino’s Pizza Group has increased annual sales after an “outstanding” performance in the final quarter, boosted by a rollout on Just Eat and the World Cup
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NewsCity snapshot: Bakkavor pushes revenues beyond £2bn but soaring costs weigh on profits
Bakkavor has reported a “robust” annual performance as like-for-like revenues exceeded £2bn but profits were weighed down by inflationary headwinds totalling more than £200m