All Financial Results articles
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NewsCity Snapshot: PZ Cussons steadies ship after Nigerian turbulence
Ahead of its AGM later today, PZ Cussons said it expects 5% like-for-like revenue growth in the first half of its financial year, largely led by growth in the UK. Also, Tereos profits fall due to lower prices for sugar and sweeteners.
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NewsLidl boss urges government to ‘see sense’ over £7bn in costs heaped on retail
Ryan McDonnell spoke as Lidl announced its latest full-year results
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NewsMarketing uplift of £20m drives revenue growth at Britvic
Advertising and promoting to drive awareness and trial had been a key factor in performance, said Britvic GB managing director Paul Graham
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NewsCity snapshot: Lidl swings back to profit as shoppers switch from rivals
Lidl has bounced back into the black in the UK as shoppers switched more than £500m of spending to the disctounter from rival supermarkets. Plus, annual results from Britvic, UK inflation jumps by more than expected and Gusbourne partners with Enotria&Coe
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NewsCity snapshot: Nestlé to spin off bottled water and cut costs by another £2.2bn as part of new action plan
Nestlé will spin-off its bottled water business as part of new plans for turning around the ailing food giant revealed ahead of today’s Capital Markets Day for investors and analysts. Plus, full-year results from Imperial Brands
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NewsHuel profits surge due to UK expansion
This year has been ‘transformative’ for Huel, according to its CEO
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NewsCity snapshot: Nomad Foods downgrades profit guidance due to technical disruption
Nomad’s sales were hit by ERP disruption, the software used by companies to organise their operations that is notorious for causing problems. In 2021, similar issues at Walkers led to a multi-month crisp shortage.
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NewsWH Smith’s profits surge on travel growth
Profits from shops in the UK’s railway stations, airports and hospitals rose by 20%
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NewsBudget tax raid ‘not significant for us’, says Premier Foods CEO
Premier has estimated the cost of the changes and says ‘it’s not a huge number’
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NewsCity snapshot: Premier Foods boosted as shoppers switch back to brands
Premier Foods has grown first-half sales supported by double-digit volume growth as consumers switched back to brands. Plus, annual results at WH Smith and interims at B&M Bargains
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NewsMorrisons own-label bakery Rathbones sinks to a loss as Hovis speculation mounts
Newly filed accounts at Companies House from Rathbone Kear Ltd revealed the own-label supplier increased revenues 13% to £70.5m in the 52 weeks ended 29 October 2023
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsKestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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NewsBurts Snacks slips into the red due to acquisition costs
The company’s sales continue to perform strongly, however, with revenue up 11%
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NewsCake Box ‘building momentum’ through new stores
The UK’s largest franchise retailer of fresh celebration cakes now has 232 outlets
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NewsOne Stop grows sales by 10.8% to £1.3bn as it boosts store estate
It also enjoyed a 43.1% jump in pre-tax profits to £22.1m
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NewsCity snapshot: Kerry completes transformation into ingredients player with €500m sale of Irish dairy operation
Kerry Group has agreed to sell its Irish dairy operation to Kerry Co-Operative Creameries for €500m (£415m) in a move that completes its transformation into a pure play ingredients company. Plus, the latest Kantar supermarket data, a trading update from McBride and half-year results from Cake Box
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NewsAssociated British Foods boosts profitability despite damp summer
Associated British Foods shrugged off a damp UK summer and sharp drop in sugar prices at the end of the year to deliver annual profitability above expectations
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NewsAsda boss Stuart Rose admits 470 job cuts will draw criticism but says ‘that’s life’
‘Clearly those people who are leaving the businesses probably won‘t be very polite about me but that’s life,’ said Rose