New year hangover for Diageo’s boss as expectations lowered again January 16, 2024 Diageo is continuing to feel the fall out from last year’s profit warning and a weakening demand for premium spirits, as analysts slashed expectations for the Guinness maker. The FTSE 100 firm, which also makes Smirnoff vodka and Captain Morgan rum, has around £29bn wiped off its market cap value over the past year amid [...]
Pringles’ popularity helps Kellogg’s UK sales pass £1bn January 16, 2024 The continued popularity of Pringles crisps helped Kellogg's UK sales pass the £1bn mark, new documents have revealed.
TGI Fridays owner posts flat earnings as Christmas holidays boost revenue amid cost-cutting drive January 16, 2024 Owner of chain restaurant TGI Friday’s said revenues were flat during the second half of the year, amid a cost cutting drive for the group.
Ocado: Marks-linked grocery tech giant cheers bumper online Christmas orders January 16, 2024 Ocado Retail, the grocery delivery service owned in a joint venture with Marks and Spencer, said it would return to positive EBITDA for the full year, as customers fall back in favour with the brand
THG signs fulfilment deal with Holland & Barrett and sees Q4 sales growth January 16, 2024 THG saw revenue growth of 1.1 per cent across the ‘golden quarter,’ it told markets this morning. Group revenue hit £597.9m in the quarter, with sales across the full financial year ending in December at £1.98bn. THG’s Q4 performance represented the best quarter of this financial year and the firm this morning hailed a “pleasing [...]
The day the music sort of died: Nightclub giant Rekom calls in the administrators January 15, 2024 Rekom, the UK's biggest nightclub firm, is planning to call in administrators just three years after being rescued for a major restructuring that could see a number of venues permanently close.
Superdrug market share hits 10-year high as savvy shoppers boost sales January 15, 2024 High street chemist Superdrug now holds 40 per cent of the mass market share in cosmetics, as shoppers seeking out cheaper beauty alternatives help propel sales.
Vivienne Westwood tells its staff to work three days at home to meet net zero goals January 15, 2024 Staff at fashion house Vivienne Westwood have been ordered to only come into the office two days a week, amid a push to hit net zero targets
Wetherspoon boss Tim Martin takes swipe at ‘slow learners’ The Independent after correction January 15, 2024 Sir Tim Martin has taken a swipe at ‘slow learners’ at The Independent newspaper amid a spat over the Wetherspoon boss' comments
A sign of the times: Pawnbroker Ramsdens cheers ‘milestone’ year as cash-strapped Brits flog valuables January 15, 2024 Pawnbroker Ramsdens recorded ‘milestone’ full year profits as it was helped by Brits flogging their goods amid the cost of living crisis.