Results – Page 77
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NewsNisa continues its turnaround but falling sales reveal vulnerability
The group has delivered strong improvements in EBITDA and a return to pre-tax profit, but key sales metrics are down
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NewsCity snapshot: Nisa moves back to profit despite sales slide
Sainsbury’s target Nisa moved back into profitability in its last financial year despite a 2.6% fall in sales. Plus, UK consumer confidence slides post-election, Tayto buys second vending machine business and all the rest of the latest news from the City
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NewsGreene King toasts growth but warns over economic pressures
Greene King has posted a 6.9% rise in annual revenues to record high of £2.22bn in the year to 30 April 2017, but warned over the UK’s economic prospects.
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NewsCrawshaws upbeat despite 4.5% like-for-like sales drop in first 20 weeks
Listed butchery chain Crawshaw Group insists it is making “good progress” despite a 4.5% drop in like-for-like sales in the first 20 weeks of its financial year.
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NewsNestlé launches £16.3bn share buyback as investor pressure mounts
Nestlé has announced a CHF20bn (£16.3bn) share buyback scheme as part of a new strategy after pressure
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NewsWarm June weather boosts supermarket sales growth to multi-year high
Warm weather in June helped the UK grocers to their largest monthly year-on-year rise in sales since July 2013, according to market share data from Nielsen, while Kantar Worldpanel finds the best supermarket growth since March 2012.
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NewsAmazon's Whole Foods move hits US and UK supermarket rivals
Amazon’s shock £12.7bn deal to buy US grocery chain Whole Foods Market has savaged supermarket shares
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NewsWholesaler Wing Yip reports £2m fall in turnover to £101m
The Birmingham-based company’s pre-tax profits rose by £70,000 to £4.8m
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Analysis & FeaturesTesco Q1 results: analyst reactions
During the quarter it reported a 1.3% growth in customer transactions – some ten million more than last year
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NewsTesco 'winning inflation battle' as like-for-likes grow
Tesco’s price inflation had been in the region of 1.4% in the past 12 weeks
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NewsElla's records 11th successive year of double-digit growth
Profits have soared by almost 50% at Ella’s Kitchen as it recorded an 11th successive year of double-digit sales growth
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NewsCity snapshot: Tesco posts sixth consecutive quarter of like-for-like growth
Tesco has announced first quarter UK like-for-like sales growth of 2.3% and a 1% rise in group like-for-like sales, its sixth consecutive quarter of organic sales growth.
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NewsCity News: Majestic Wine slips into the red
Majestic Wine insisted it was “past the tipping point” of its turnaround on Thursday
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NewsWeaker pound boosts earnings expectations at BAT
British American Tobacco has announced that first half earnings will be boosted by at 14% currency tailwind as it confirmed it is trading in line with expectations.
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NewsCamelot launches review after National Lottery sales slump
Camelot said it would release an update when it announced its half-year results later in the year…
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NewsCity snapshot: Third quarter like-for-like sales flat at WH Smith
Travel and high street retailer WH Smith has posted top-line sales growth of 2% in the 15 weeks to 10 June, while like-for-like sales were flat as travel sales rose and the high street slumped. Plus trading updates from British American Tobacco and Coca-Cola European Partners and all the rest of the news from the Cit
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NewsGusbourne to raise £4.2m in placing to expand wine production
English sparkling wine producer Gusbourne is aiming to raise £4.2m of fresh funds in a share placing to invest in new vineyards and expand production.
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NewsIceland range and store improvements deliver 4.4% sales growth
Like-for-like sales were up 2% in the year to 24 March
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NewsCity snapshot: Ocado finally signs first international deal
Ocado has signed its first long-awaited international partnership to provide its technology to an unnamed European retailer. Plus Iceland’s annual sales rise 4.4% and EBITDA jumps 6.3%, FRC drops probe into PwC over Tesco profits overstatement and all the rest of the latest news from the City
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NewsBig four supermarkets in growth, but City remains unconvinced
On the surface, the monthly market share numbers from Kantar Worldpanel contained plenty of cause for encouragement