Results
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NewsCity snapshot: Tesco UK sales up 9% amid ‘encouraging’ signs on inflation
Tesco has grown its UK like-for-like sales by 9% in its first quarter as its CEO points to ‘encouraging early signs that inflation is starting to ease’
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City snapshot: Record palm oil production for Dekel Agri-Vision as prices start to soften
Dekel Agri-Vision has reported a softening of palm oil prices as it delivered another “strong” month of soaring production.
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City snapshot: PayPoint profits at top end of expectations after ‘positive’ year
Payments specialist PayPoint has grown revenues by £10m last year and said profits will be at the top end of expectations
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City snapshot: Rémy Cointreau reports profits rise but warns of US slowdown
Rémy Cointreau has reported a double-digit jump in sale and profits last year, but warned sales growth will be wiped out in the current financial year by a sharp slowdown of consumption in the US
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City snapshot: B&M boosted by price-conscious shoppers
Revenues at B&M have jumped 6.6% to £5bn as cost-conscious shoppers turned to discounters to help manage the cost-of-living crisis. Plus, the latest NIQ supermarket till roll data, and trading updates from WH Smith and Bakkavor.
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City snapshot: Pets at Home posts record sales but margins shrink
Retail group Pets at Home posted record revenues of more than £1.4bn last year, but margins were hit by rising costs and energy prices. Plus trading updates from Fever-Tree and Tate & Lyle
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City snapshot: M&S food and clothing profits decline
Marks & Spencer has taken a hit on margins as it invested in keeping its food and clothing prices competitive. Plus, food prices remain near 45-year highs, and C&C Group reports annual results.
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City snapshot: Wincanton posts record underlying profits
Wincanton has lifted underlying profits to record levels despite pressure on consumer spending depressing volumes at the logistics group.
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City snapshot: C&C Group CEO steps down amid €25m hit from software upgrade
C&C Group has announced a change in leadership as it revealed to the City it faces a €25m charge associated with a problematic upgrade of its software for its distribution operations
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City snapshot: Premier Foods profits beat expectations
Premier Foods has posted double-digit annual growth in sales and trading profits as price rises and cost savings mitigated ’exceptionally high’ input cost inflation
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City snapshot: Britvic profit rises following pricing hikes
Robinsons owner Britvic has posted a double-digit rise in profits in the first half, as margins improved on pricing growth and a reduction of marketing spend
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City snapshot: Compass lifts full-year profit outlook as pandemic recovery continues in first half
Workers returning to the office have helped Compass boost first-half profits past £1bn as the catering giant continued its recovery from the pandemic
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Sainsbury’s beats market expectations but pledges continued price investment
Sainsbury’s annual profits beat market expectations and its outlook was rosier than City watchers had feared. However, shares fell on Thursday as the supermarket warned it would continue to invest in price to maintain market share.
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City snapshot: Sainsbury’s profits slide as retail margins contract
Sainsbury’s has reported lower annual profits despite an inflation-driven 5.3% in sales. Plus trading updates from Unilever, Carlsberg, Hotel Chocolat and more
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City 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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City 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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City 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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City 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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City 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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Tesco 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
