Results – Page 82
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Analysis & FeaturesSainsbury's results: what the analysts say
Sainsbury’s Nine Elms store Sainsbury’s posted 0.3% growth in combined like-for-like sales for the final quarter of the financial year, bolstered by strong like-for-like growth of 4.3% at Argos. Supermarket sales were down by 0.5% with a 4% slump in general merchandise, which CEO Mike ...
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NewsEfficiencies and weak pound boost earnings at Moy Park
Northern Irish poultry producer Moy Park has reported a four-fold increase in pre-tax profit despite the “economic turbulence” and “uncertainty” resulting from Brexit.
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NewsFourth quarter like for like sales up 7.4% at Moy Park as annual volumes increase
JBS-owned Norther Irish poultry processor Moy Park saw annual revenues dip 0.3% but profits increase as the volume of birds processed rose over the year.
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NewsEagle Eye turnover up as more brand partnerships are sealed
The company made a loss of £879,000 due to its investment in a “very significant” client in Canada
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NewsApplegreen to pay first dividend as profits rise 16%
Applegreen opened 32 new food outlets in 2016, as well as launching its new food offering, Freshii…
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NewsCity snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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NewsCity snapshot: Management team to depart early at troubled Aryzta
Swiss bakery goods supplier Aryzta is accelerating wholesale changes to its management team after its first half earnings slumped by more than 30%. Plus a look ahead to the week in the City and all the latest news from the markets this morning.
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NewsMorrisons struggles to impress City despite strong growth
The City is hard to please. One might expect an enthusiastic reception to Morrisons growth
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NewsTyrrells boosts annual sales at Amplify
US food group Amplify Snack Brands saw fourth quarter sales almost double following its acquisition of UK crisp brand Tyrrells.
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NewsMorrisons delivers a 1.7% jump in like-for-like sales
Retailer to extend Morrisons Daily deal with Rontec to 50 sites
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NewsWaitrose posts 0.2% fall in like-for-like sales
Retailer warns of “significant one-off costs” and trading pressures ahead
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Analysis & FeaturesMorrisons results: what the analysts say
Morrisons has today announced strong preliminary results. Here’s how leading City and retail analysts reacted: Danielle Pinnington, Managing Director at shopper research agency, Shoppercentric said, “It seems Morrisons are reaping the benefits of putting the focus back on customers. As our own research showed at the beginning ...
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NewsCity snapshot: Morrisons turnaround well under way as profits surge
Morrisons has delivered its first year of like-for-like growth and underlying pre-tax profit since 2011/12
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NewsGrocery deflation hits annual sales at Yeo Valley
Annual sales at UK dairy firm Yeo Valley have fallen back for the first time in six years as industry deflation hit shelf prices.
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NewsUS Customs investigation drives PureCircle to first half loss
PureCircle has slumped to a first half loss amid a double-digit sales plunge after it was denied access to the US market during an investigation by US Customs & Border Protection last year.
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NewsLindt & Sprüngli’s global sales rise by 6.8%
Swiss chocolatier Lindt & Sprüngli has grown global sales by 6.8% to CHF3.9bn (£3.15bn) amid stronger sales in Europe and the UK.
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NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
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NewsCity snapshot: Devro profits sizzle despite volumes fall
Sausage casings manufacturer Devro has reported a double-digit rise in underlying annual profit despite sharply falling volumes
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NewsAB InBev fails to meet expectations thanks to slow growth
AB InBev missed fourth-quarter earnings expectations this week after a performance slump in Brazil
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NewsPoundland returns to like-for-like growth
Steinhoff CEO Markus Jooste said Poundland was “ahead of the value creation plan”