Britain's biggest retailer Tesco has delivered "poor" third quarter results – with like-for-like sales down 1.5% – 18 months after launching its £1bn turnaround plan, according to City analyst Shore Capital. Tesco's ...
Tags: Agriculture, Food
Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion. Premier Foods' plan to seek a financial ...
Tags: Premier Foods, tight, bread
Marks & Spencer's (M&S's) food business delivered a "commendable" performance for the 26 weeks to September 28, according to City analysts M&S's food business delivered 'a commendable performance', said City analyst Shore Capital Shore ...
Tags: Agriculture, Food
Premier Foods is ahead of target on cutting suppliers and product lines, according to ceo Gavin Darby, reporting on third quarter (Q3) financial results yesterday. Premier Foods is growing its core power brands "During the quarter we ...
Tags: Agriculture, Food
Bakery retailer Greggs has provoked cautious optimism from analysts over its latest quarterly trading update, with signs of a recovery in like-for-like sales. Analyst Sahill Shan at N+1 Singer stated the third quarter update signalled the ...
Tags: Greggs, Cautious Optimism
Britain's largest cash-and-carry wholesaler the Booker Group has revealed plans to integrate Makro, the business it acquired last year, are on track, claims the firm's interim results announcement. The group's plans to integrate Makro ...
Tags: Agriculture, Food
City analysts remain doubtful about media reports speculating Premier Foods is considering selling its Hovis brand to the world's biggest baker Grupo Bimbo. Panmure Gordon was sceptical about rumours suggesting Grupo Bimbo will acquire ...
Tags: Agriculture, Food
Morrisons' half-year results delivered another disappointing read, concluded Shore Capital, which nevertheless upgraded its share advice from 'sell' to 'hold'. Morrsions' half-year results divided City opinion Analysts Darren Shirley ...
Tags: Agriculture, Food
Signalling a key vote of faith in debt-laden Premier Foods, leading City analyst Shore Capital has upgraded its advice on the firm's stock from 'hold' to 'buy'. The Power Brands' ability to deliver continued sustained growth will be a key ...
Tags: Agriculture, Food
The Hilton Food Group's half-year results posted today (September 10) received a mixed reception from City analysts. Hilton Food's Australian joint venture with Woolworths would become 'a major profit centre', predicted Panmure Gordon ...
Tags: Agriculture, Food
Tesco UK was performing broadly in-line with its rivals Asda and Morrison, after recovering from "the body blow to its trade caused by the horse meat contamination", said Shore Capital analysts Darren Shirley and Clive Black. "With the ...
Tags: Agriculture, Food
Specialist meat packer Hilton Food Group's strategy of operating with one customer per market could lead it to benefit from the horsemeat crisis, predicted City analyst Shore Capital. Hilton Foods' business model of one customer per ...
Tags: Hilton Foods, Agriculture, Food
Allied Bakeries' deal to supply bread to Co-op stores has helped the grocery division of its parent company Associated British Foods (ABF) achieve 7% growth in the third quarter of its financial year. ABF's grocery division posted third ...
Tags: Agriculture, Food
Food continues to outshine clothing at posh retailer Marks & Spencer (M&S), according to the firm's first quarter results, covering the 13 weeks to June 29 2013. Food sales continues to outshine general merchandise at M&S Total UK food ...
Tags: Agriculture, Food
Ocado plans to develop as a grocery retailer not a logistics firm for hire, insisted its boss, as the firm reported bigger losses in the first half of this year. Ocado is a grocery retailer not a logistics firm for hire, insisted its boss ...
Tags: Agriculture, Food