Hellofresh sinks further into the red as 900 UK jobs lost Business The UK arm of Hellofresh has sunk deeper into the red as its sales were cut during its latest financial year, it has been revealed. The division has reported a pre-tax loss of £19.5m for 2024, new accounts filed with Companies House show. The latest figure comes after Hellofresh posted a loss of £755,000 in [...]
Heinz: UK profit rockets despite ketchup and baked beans battles Retail Profit has nearly doubled at the UK arm of Heinz despite “strong competition” from rivals to its sauces and beans categories. The London-headquartered division of the US giant has reported a pre-tax profit of £191.9m for 2024, according to new accounts filed with Companies House. The total is up from the £104.1m it achieved in [...]
Papa John’s: UK losses continue as over 70 locations closed Business The UK arm of Papa John’s continued to make significant losses in 2024 as it closed more than 70 locations. The division of the US pizza giant has reported a pre-tax loss of £21.8m for its latest financial year, having also lost £19.2m in 2023. New accounts filed with Companies House also show the firm’s [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
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 [...]
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 [...]
Flora and I Can’t Believe It’s Not Butter maker issues huge pay day June 17, 2025 The company behind Flora and I Can’t Believe It’s Not Butter has issued a huge dividend to the tune of £90m – the first since it was taken over by private equity giant KKR. The US-headquartered group, which acquired Flora Food Group – then called Upfield – from Unilever for more than $8bn in 2017. [...]
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 [...]
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 [...]