High street baker Greggs has posted own-shop like-for-like sales up by 5.9% in the first four months of the year, in “a strong” set of results, according to the analyst N+1 Singer.
Sainsbury cut the price gap between it and discount retailers such as Aldi and Lidl in its fourth financial quarter (Q4), reflecting the discounters’ flagging momentum, a leading analyst has claimed.
Cranswick’s third-quarter results, boosted by strong Christmas sales, continued to buck the flat or downward trend in the UK grocery market, said City analysts.
Pork processing giant Cranswick has posted positive trading results for the first half (1H) of the year, while analysts believe it has secured new business.
A party for Tesco boss Philip Clarke, scheduled for last night (July 22), to celebrate his 40 years with the retailer, was cancelled on Monday, after he revealed his intention to quit his chief executive role in October.
Meat processor Cranwick’s fresh pork business was “the stand out performer” in the firm’s interim results for the six months to September 30, says City analyst Panmure Gordon.
News that debt-laden giant Premier Foods plans to axe 900 jobs, close two bakeries and restructure its distribution system was greeted with fury by unions and applause by City analysts.
“White elephant”, “millstone” and “problem child”: Just three of the images analysts have used to describe Greencore’s troubled desserts facility in Minsterley, which has been sold to Müller Dairy for £4.3M.
The UK’s largest food producer Premier Foods posted sales up 1.3% to £427M in the first three months of this year but left city analysts questioning its margin performance.
Analysts believe that Premier Foods will come under intensifying pressure to sell off some of its businesses following this week’s deal with its banks.
