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 [...]
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 [...]
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 [...]
Domino’s Pizza profit sliced by £3m Budget tax hit December 9, 2024 Domino’s Pizza has forecast a £3m tax hit from the Budget as the firm targets a push to open hundreds of new stores across the UK. “As with other major employers in the UK, the recent UK budget has significantly increased the cost of labour for both Domino’s Pizza and our franchise partners, who are [...]
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 [...]
Mcdonald’s UK profit slashed by over £100m October 28, 2024 Profit at Mcdonald’s UK restaurants was slashed by more than £100m in 2023 despite its turnover taking a big stride towards the £2bn mark. The US fast food giant has reported a pre-tax profit of £66.3m for its UK operations, down from the £170.8m it achieved in 2022. Mcdonald’s operating profit was cut from £165.4m [...]
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 [...]
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 [...]
KP Snacks: Hula Hoops maker defies cyber attack and strikes as profit nears £100m October 3, 2024 Profit surged to almost £100m at KP Snacks, the maker of the likes of Mccoy’s, Hula Hoops and Terrell’s during its latest financial year. The Slough-headquartered business, whose brands also include KP Nuts, Butterkist, Pom-Bear and Popchips, has reported a pre-tax profit of £93.7m for 2023, up from the £64.3m it achieved in 2022. Newly-filed [...]