Results – Page 8
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NewsCity snapshot: US growth boosts Fever-Tree despite UK sales stagnation
Fever-Tree has posted annual growth of 6% despite a stagnation of UK sales as it doubled profits in the second half of 2023
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NewsCity snapshot: Premier Foods sales jump after ‘biggest ever’ Christmas
Premier Foods posted strong double-digit growth in its third quarter, boosted by its “biggest ever Christmas” and significant market share gains. Plus updates from ABF, Chappel Down and Marston’s.
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NewsCity snapshot: Virgin Wines celebrates ‘good’ Christmas
Virgin Wines UK has hailed a “good” Christmas and revealed a “significant” improvement in profitability during its first half. Plus, catering giant Compass has agreed a £475m deal to acquire hospitality firm CH&CO
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsCity snapshot: Ocado returns to double-digit growth amid ‘record’ Christmas
Ocado Retail returned to double-digit growth in its fourth quarter to the end of November, while it also posted “record” Christmas sales amid volumes growith. Plus updates from THG, McBride and Eagle Eye
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NewsCity snapshot: Tesco and Marks & Spencer post bumper Christmas sales
Tesco and Marks & Spencer have both posted strong Christmas grocery growth ahead of the wider market
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsCity snapshot: Grocery spending hits record £4.8bn in Christmas week
Sales at the UK supermarkets reached a record high of £4.8bn during the week leading to Christmas
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NewsCity snapshot: Next sees bumper Christmas sales to kick off the festive reporting season
Next has kicked off the Christmas reporting season by upgrading its profit guidance after full-price sales had been “better than anticipated” during the festive period
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NewsCity snapshot: Record-breaking Christmas for discounters Aldi and Lidl
Discounters Aldi and Lidl have both boasted of a record-breaking Christmas as hard-pressed shoppers looked to save money over the festive period. Plus, the BRC reports on retail inflation figures for December.
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NewsCity snapshot: General Mills lowers expectations and warns of slower volume recovery
US consumer packaged goods giant General Mills has downgraded expectations for 2024 as steep price hikes depressed shopper demand.
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NewsCity snapshot: Distribution group NWF sees first half slowdown as commodity prices ease
Food, feed and fuel specialist distributor NWF Group is on target to hit full year expectations despite a “more challenging” first half as pricing eased
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NewsCity News: SSP Group sales leap past pre-pandemic levels and profits soar
Travel retail specialist SSP Group has continued to recover strongly from Covid with sales of £3bn – higher than pre-pandemic – and profits of £200m
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NewsCity snapshot: DS Smith CEO to retire as box volumes fall amid ‘weak’ demand
Long-serving DS Smith CEO Miles Roberts is to stand down from his role as the box maker reported a drop in revenues and profits amid weak demand
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NewsCity snapshot: British American Tobacco hit by US economic slowdown and rise of illegal vapes
British American Tobacco is taking a £25bn one-off hit as it writes down the value of its traditional cigarette brands in the US, the London-listed group said this morning in a trading and strategy update.
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NewsCity Snapshot: Profits fall at EG Group in ‘competitive’ fuel market
Profits have fallen at forecourt operator EG Group on the back of lower third quarter volumes. Plus, Rémy Cointreau publishes first-half results.
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NewsCity snapshot: Deliveroo expands in DIY with Screwfix partnership
Deliveroo is betting on an expansion into non-food retail to boost future growth as the delivery firm reiterated its profit forecasts for the year ahead of the group’s first capital markets day today.
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NewsCity snapshot: Greencore boosts revenues and profits as it passes on inflation
Greencore has boosted annual revenues and profits as it recovered cost inflation and also improved volumes. Plus, the latest inflation figures from the BRC, annual results at Treatt and half-year results at Supreme and Pets at Home.
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NewsCity snapshot: PZ Cussons trading in line as Nigerian business grows despite volatility
PZ Cussons has told the market it is trading in line with expectations amid a rebound in its Nigeria business despite volatility and currency devaluation in the country
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NewsCity snapshot: B&M posts double digit sales and profit growth
B&M Bargains owner B&M European Value Retail has posted a double-digit hike to sales and profits in the first half as organic growth and new store openings boosted performance. Plus updates from WH Smith, Tate & Lyle, Domino’s Pizza Group, Henkel and Chapel Down