Kellogg’s serves up loss ahead of Mars mega deal December 12, 2024 The combined UK operations of Kellogg’s have fallen to a loss despite the increasing popularity of its cereals and Pringles boosting sales further past the £1bn mark. Kellogg’s runs two separate companies in the UK from its headquarters in Salford: Kellogg Marketing and Sales Company (UK) and Kellogg Company of Great Britain. As a result [...]
M&S and Waitrose meal deal maker Greencore rebuilds profits December 3, 2024 Food manufacturer Greencore has experienced a “stronger than expected” year of trade as the meal deal producer rebuilds profitability ahead of 2025. The Irish business, which supplies sandwiches and sushi to the likes of M&S and Waitrose, told markets this morning that like-for-like sales jumped from 29.7 per cent to 33.2 per cent in the [...]
Warburtons boss reveals how Samuel L Jackson and The Muppets helped transform bakery giant November 28, 2024 The boss of Warburtons has said the bakery giant would not be where it is today without the help of Hollywood A-listers Samuel L Jackson, George Clooney, Robert De Niro, Sylvester Stallone – and The Muppets. Chairman Jonathan Warburton, part of the fifth generation of the family to lead the Bolton business, has seen the [...]
Profit quadruples at biscuit maker Tunnock’s despite chocolate crisis November 26, 2024 Profit at biscuit maker Tunnock’s quadrupled during its latest financial year despite the cocoa crisis in Africa. The Scottish confectionary business, which is headed up by Sir Boyd Tunnock, has reported a pre-tax profit of £4m for the 12 months to 24 February, 2024, according to newly-filed accounts with Companies House. The latest figure comes [...]
Morrisons puts 400 jobs at risk after failing to turn around loss-making bakery November 20, 2024 Supermarket giant Morrisons has confirmed plans to close a loss-making bakery in a move which has put almost 400 jobs at risk. The Bradford-headquartered grocer is looking to shut down Rathbones after failing to return the business to profit. The bakery was acquired by Morrisons out of administration in 2005 but has been loss making [...]
John West makes first loss since 2010 after reversing failed pricing decision October 9, 2024 Canned tuna brand John West has fallen into the red for the first time since 2010 after reversing a failed decision to pass on price rises to its customers. The Liverpool-headquartered business has reported a pre-tax loss of £6.7m for 2023, having reported a profit of £2m in 2022. The last time John West posted [...]
Mcvitie’s white chocolate digestives help boost biscuit giant’s profit by £130m October 8, 2024 The introduction of white chocolate digestives helped boost the owner of biscuit giant Mcvitie’s by almost £130m during its latest financial year. Pladis Foods has reported a pre-tax profit of £131.3m for 2023, up from the £2.8m it posted for 2022. Newly-filed accounts with Companies House also show its revenue increased from £2.54bn to £2.75bn [...]
Meal deal maker Greencore hikes profit outlook October 8, 2024 Food manufacturer Greencore—which produces sandwiches for supermarket meal deals—has said it anticipates full year profit to be “ahead of current market expectations.” In a trading update issued today, the convenience food firm, which supplies all the UK’s major supermarkets with salads, sushi, sandwiches, snacks, ready meals, and soups, said like for like revenue growth for [...]
Swizzels Matlow: Sales near £100m at Love Hearts maker October 7, 2024 Profit at Swizzels Matlow, the maker of sweets such as Love Hearts and Refreshers, was slashed in half during its latest financial year despite its sales jumping to almost £100m. The Peak District-headquartered business has reported a pre-tax profit of £4.4m for 2023, down from the £8.2m it achieved in 2022. Newly-filed accounts with Companies [...]
Mars bar maker pays huge £600m dividend after UK success October 7, 2024 The UK arm of Mars Wrigley, which makes the likes of Mars bars and Skittles, has paid out a huge dividend of £600m after a bumper financial year. The business, which has UK manufacturing sites in Slough and Plymouth, has significantly upped its dividend for 2023, after also paying out £115m in 2022. The dividend [...]