Tate & Lyle lifts profits as CP Kelco deal kicks in May 22, 2025 Tate & Lyle has posted a rise in profits and free cash flow for the year to 31 March 2025, as the FTSE 250 firm integrates its $1.8bn acquisition of ingredients maker CP Kelco and declares its long-running transformation “complete”. The sweetener producer reported a four per cent increase in earnings before interest, tax, depreciation [...]
Papa Johns boss brands rising costs a ‘perfect storm of difficulty’ May 13, 2025 The UK boss of pizza chain Papa Johns has branded the rising costs his business is facing as a result of"perfect storm of difficulty".
McCain: Chips favourite doubles profit to £100m in three years April 7, 2025 Profit at the UK arm of potatoes giant McCain Foods surged to almost £100m during its latest financial year, it has been revealed. The North Yorkshire-headquartered UK arm of the Canadian giant has reported a pre-tax profit of £98.7m for the 12 months to 30 June, 2024. The figure, revealed in new accounts filed with [...]
Hellofresh: Profit hike expected as cost-cutting drive extended March 11, 2025 Hellofresh has warned that its sales are set to fall this year but that its profit is expected to rise as it extended its cost-cutting drive. The recipe box delivery company, which is headquartered in Germany, said its cost-cutting programme, which was announced in the second half of 2024, would be extended until 2026. Hellofresh [...]
Pukka Pies: Price rises ‘inevitable’ at chip shop favourite March 3, 2025 Chip shop favourite Pukka Pies has warned prices rises are “inevitable” as it battles “significant levels of power and labour inflation”. The Leicester-headquartered company said it delayed increasing its prices during its latest financial year “assess the mid to long-term implications from the underlying inflation” but has since concluded that rises should be introduced. The [...]
Arla Foods to cut jobs despite £90m investment plans February 24, 2025 Arla Foods, the dairy giant behind brands such as Lurpak and Cravendale, is to close one of its UK sites with the loss of up to 128 jobs. However, the co-operative also confirmed plans to invest almost £90m into its Lockerbie site in Scotland. The news comes after City AM reported last week that Arla [...]
Rising wages hit British strawberry growers January 13, 2025 The British berry growing industry has warned its future is under threat despite its value rising to £2bn for the first time. According to industry body British Berry Growers, rising energy costs and wage increases will continue to create ‘challenging circumstances’ for fruit farmers in 2025. The latest warning comes after the British Berry Growers [...]
Yeo Valley doubles profit after natural yoghurt demand surges January 6, 2025 Profit at Yeo Valley has almost doubled after sales at the dairy giant jumped by £40m during its latest financial year. The Somerset-headquartered business has reported a pre-tax profit of £8.1m for the year to 26 May, 2024, according to newly-filed accounts with Companies House. The latest figure comes after Yeo Valley returned to the [...]
Abel & Cole owner enters the red as it battles cost-of-living crisis January 2, 2025 The owner of organic vegetables box business Abel & Cole fell into the red despite sales increasing as it battled the impact of the cost-of-living crisis. William Jackson Food Group, which acquired Abel & Cole in 2012, has reported a pre-tax loss of £1.5m for the year to 27 April, 2024. The loss comes after the [...]
Haribo boss: How I went from being too ‘optimistic and challenging’ to leading sweet giant December 17, 2024 The UK boss of Haribo has revealed how he's changed from being too "optimistic and challenging" now he's leading the sweets giant.