Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?
Pizza Hut Europe serves up profit after £106m loss September 10, 2024 The European arm of Pizza Hut has surged back into the black after making a loss of almost $140m (£106.4m) , according to newly-filed documents. The London-headquartered division has reported a pre-tax profit of $12.2m (£9.3m) for 2023, after posting a pre-tax loss of $139.4m in 2022. New documents filed with Companies House also show [...]
Heinz: Price increases help sales near £1bn as inflation battle continues September 9, 2024 Sales at the UK arm of Heinz jumped towards £1bn in 2023 despite volumes decreasing after raising its prices to combat inflation in its costs, new figures have revealed. The London-headquartered division of the US giant has reported a revenue of £967.1m for the 12 months, up from the £899.7m it achieved in 2022, according [...]
Aldi hails record sales as profit surges by almost £400m but loses market share September 9, 2024 Aldi has lost market share despite achieving record sales during its latest financial year as its profit surged by almost £400m, new figures have revealed. The Warwickshire-headquartered UK arm of the German supermarket giant lost 0.2 per cent to report a market share of 10 per cent in 2023. That’s despite Aldi posting record sales [...]
Ornua Foods: Pilgrims Choice and Kerrygold maker churns up £500m UK sales September 5, 2024 Turnover at the UK division of Ornua Foods, the maker of Pilgrims Choice cheese and Kerrygold butter, surged to more than £500m during its latest financial year. The Staffordshire-headquartered arm’s sales totalled £523.8m in the year to 30 December, 2023, according to newly-filed accounts with Companies House. The figure comes after Ornua Foods reported a [...]
Samworth Brothers: Profit slashed despite price rises at Ginsters owner September 5, 2024 Sales at Samworth Brothers, the food giant that owns the likes of Soreen, West Cornwall Pasty Co and Ginsters, passed £1.5bn as its raised prices for its customers in 2023, it has been revealed. The Leicestershire-headquartered group said inflation through its supply chain pushed prices for customers up, “despite our significant efforts to mitigate these [...]
More than 750 jobs at risk as Bakkavor set to axe major UK factory September 5, 2024 More than 750 jobs are at risk at the fresh food maker Bakkavor after the London-listed group said it would close one of its North West factories. The company, which is headquartered in London, said today it was looking at axing its Wigan facility after a review revealed it would need “significant investment” to continue [...]
Hilton Foods: Profit soars at meatpacker as it looks ahead to Walmart site September 4, 2024 Hilton Foods’ seafood and core meat divisions helped bolster the meatpacker’s first-half results as the company geared up for further growth. The FTSE 250 constituent, which had struggled to deal with the rampant inflationary pressures of the last two years, posted a 23.2 per cent rise in adjusted operating profit to £46.9m on a constant [...]
Higher price of milk warning issued by Cravendale maker Arla Foods amid shortage August 28, 2024 Arla Foods, the maker of brands including Cravendale, Skyr and B.O.B milk, has warned that customers will face higher prices in the coming months amid a shortage of milk on a global level. The company said it “anticipates that volatile market conditions driven by geopolitical tension and uncertainty” will continue but that a positive trend [...]