All Finance articles – Page 91
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NewsSSP food travel giant sees LFLs up
SSP, the leading food operator in travel locations worldwide, has seen like-for-like (LFL) sales grow 2.7% in its first quarter.
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NewsTesco sees Christmas success, despite announcement to shut 43 stores
Tesco has made its first trading update of 2015, revealing plans to shut 43 “unprofitable” stores, most of which are likely to be convenience outlets.
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NewsM&S sees positive festive performance for food
Marks & Spencer hailed a “very good” Christmas in food, claiming a record sales increase of 17% in the key Christmas week.
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NewsSainsbury’s: LFLs down and warns on deflation
Sainsbury’s has revealed like-for-like sales (LFLs) fell during the important festive period – and warned the remainder of its financial year would be “challenging”.
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NewsWaitrose sees strong festive sales
Like-for-like sales increased by 2.8% at supermarket Waitrose over the Christmas period – the sixth consecutive year it has outperformed the market.
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NewsADM to sell global cocoa business to Olam
Archer Daniels Midland Company (ADM) is to sell its global cocoa business to Olam International, the global commodity processer and trader, for £830m ($1.8bn).
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NewsReal Good Food bullish despite profit drop
The ongoing dispute with a rival sugar company has continued to impact on Real Good Food’s (RGF’s) financial results, as the group showed a pre-tax profit loss of £5.2m.
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NewsGreggs’ shares soar on profits guidance
Shares in Greggs soared yesterday after the bakery retailer revealed that increased sales would mean better-than-expected profits.
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NewsUK coffee shops outperform retail
The UK coffee shop market is outperforming the UK retail sector, with significant sales growth of 10.7% on last year equating to £7.2 bn in turnover.
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NewsPremier Foods criticised over controversial supplier payments
Premier Foods, the company behind Mr Kipling cakes, has hit the headlines for asking suppliers to hand over money – or risk losing contracts.
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NewsTesco-backed café sees financial loss
Coffee chain Harris + Hoole has made a pre-tax loss of £12.8m in its year-end results.
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NewsAryzta reports European revenue rise for first quarter
Aryzta, the Swiss frozen bakery giant, has seen revenue up 7% for Food Europe to £320.1m (€404.1m), in its first-quarter trading statement.
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NewsFinsbury bosses to benefit from share issue
The chief executive and finance director of Finsbury Food Group have been issued shares to the value of more than £146,000.
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NewsThree of Cheshunt Eight leave Tesco
Three of the suspended Tesco executives have reportedly left the company.
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Product NewsNBPO see sales soar while take over plans are stalled
New British Palm Oil (NBPO) has seen sales for the first nine months of 2014 rocket to £320.7m ($503m) from £274.9m in the previous year.
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NewsSales up 4% at SSP
SSP, the global giant behind travel brands such as Upper Crust and Caffè Ritazza, has seen revenue increase by 4% - helped by a strong performance in the UK.
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NewsUB and Cargill strike deal on chocolate
United Biscuits (UB), the international manufacturer of biscuits, has signed a three-year partnership with a fellow international producer to focus on its sweet biscuits.
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NewsFinsbury AGM outlines high hopes for Fletchers acquisition
Finsbury Food Group has said it is confident there will be increased growth and sales, thanks to the buy-out of Fletchers’ cake business earlier this year.
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NewsPatisserie Holdings reveals big jump in revenue
Patisserie Holdings has reported this morning that revenue is up 27.5% to £76.6m while its main trading café brand Patisserie Valerie is up 20%.
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NewsFood to go drives Greencore growth
The UK’s leading sandwich and celebration cake company, Greencore, has outperformed the food to go market, with like-for-like revenue growth of 15.3% in the past year.