Itsu: Return to the office helps boost sales September 13, 2024 The move by companies to encourage their workforce to return to the office helped sales jump at East Asian-inspired eatery chain Itsu during its latest financial year. The London-headquartered company has posted a turnover of £160.7m for 2023, up from the £137.7m it achieved in 2022. Newly-filed accounts with Companies House also show the brand’s [...]
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.
Volvere: Shire Foods owner sees profit rise again as costs stabilise September 13, 2024 Turn-around investment firm and frozen pie maker Volvere has seen its profit more than double after its food manufacturing division saw the cost of raw materials stabilise, it said today. The London-listed company, which owns frozen pie producer Shire Foods, saw its revenue increase to £22.2m in the six months ending June 30, 2024 – a record [...]
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?
Square Mile and Me: Capital Rise CEO Uma Rajah on navigating London’s fintech scene September 12, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Uma Rajah, CEO of Capital Rise, looks back on her journey from car factory floor to fintech boss.
US inflation falls to lowest level since February 2021 as Fed prepares to cut interest rates September 11, 2024 US inflation fell to its lowest level since February 2021 in August, new figures show, but core prices rose faster than anticipated. Figures from the Bureau of Labor Statistics showed that inflation fell to 2.5 per cent in August, down from 2.9 per cent the month before and in line with expectations. Prices increased 0.2 per [...]
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
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 [...]
Haven and Warner Hotels owner slips into the red after Butlin’s sale September 4, 2024 The group behind Haven holiday parks and Warner Leisure Hotels fell into the red after the sale of Butlin’s, it has been revealed. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of £166.5m for 2023, according to newly-filed accounts with Companies House. The loss comes after the group reported [...]