Finance

M&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.

Tesco 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.

Mike Coupe:
supermarket boss
  (Photo:  )

Sainsbury’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”.

Waitrose mince pies:
Positive festive results for the retailer
  (Photo:  )

Waitrose 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.

ADM 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).

Real 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.

Greggs’ shares soar on profits guidance

Shares in Greggs soared yesterday after the bakery retailer revealed that increased sales would mean better-than-expected profits.

UK 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.

Premier 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.

Harris + Hoole:
the coffee shop has over 40 sites on the high street and in Tesco stores
  (Photo:  )

Tesco-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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