Wasabi: Sushi restaurant chain sheds jobs as profit slashed July 28, 2025 Profit at popular London sushi restaurant chain Wasabi has been slashed as it shed more than 100 jobs during its latest financial year, it has been revealed. The business has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House. The latest total comes after Wasabi posted a pre-tax [...]
Soaring beef and butter prices drive food inflation in June July 16, 2025 Food inflation has risen to its highest level in nearly a year as farmers struggle with high costs amid tax rises and extreme weather. Overall inflation was ahead of expectations in June at 3.6 per cent, but food and drink inflation continued to outpace the rest of the economy at 4.5 per cent. This was [...]
Gousto ‘never better’ after cutting losses by over £50m July 1, 2025 Gousto has said it’s never been in better shape after cutting its losses by more than £50m in 2024. The recipe kit provider has reported a pre-tax loss of £20.3m for its latest financial year, having chalked up a loss of £75.6m in 2023. That figure came after Gousto lost £157.5m in 2022 and almost [...]
Yo! Sushi loses over £20m as costs rise June 2, 2025 Yo! Sushi lost more than £20m in the year its owner was acquired for almost £500m, it has been revealed. The sushi eatery chain has reported a pre-tax loss of £22.6m for the 70 weeks to 31 March, 2024, according to delayed accounts filed with Companies House. The results, which had been due to be [...]
Hard to swallow: food inflation rises for fourth month in a row May 27, 2025 Food inflation rose for a fourth consecutive month in May, with the British Retail Consortium (BRC) warning a new packaging tax and the government’s workers’ rights overhaul will fuel further price rises in the coming months. The cost of food rose by an average of 2.8 per cent year on year in May, up from [...]
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".
Papa Johns to serve up profit after closing over 40 sites May 6, 2025 The UK boss of pizza giant Papa Johns has revealed the company is eyeing a return to profit in 2025 after closing more than 40 restaurants last year. Managing director Chris Phylactou confirmed the business is “no longer losing money” and is on track to report its first UK profit since 2021. Speaking on an [...]
Food inflation rises to its highest level in almost a year April 29, 2025 Food inflation has risen to its highest level in almost a year as cost pressures begin to weigh on prices. Food inflation increased to 2.6 per cent year on year in April, against growth of 2.4 per cent in March and above the three-month average of 2.4 per cent, according to the British Retail Consortium [...]
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 [...]