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 [...]
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
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 [...]
Booths: ‘Waitrose of the North’ slashed loss thanks to record sales October 1, 2024 High-end supermarket chain Booths slashed its loss as sales passed £300m for the first time in its history. The Lancashire-headquartered company, which can trace its roots back to 1847, has reported a turnover of £318.6m for the year to 30 March, 2024, up from the £298.7m it achieved in the prior 12 months. Newly-filed accounts [...]
Greggs delivers success once again as evening trade boosts sales October 1, 2024 High street bakery Greggs has reported another quarter of strong sales growth, fueled by new products and extended evening opening hours. The sausage-roll maker told markets this morning that total sales rose by 10.6 per cent in the third quarter of 2024, with like-for-like sales up five per cent. This growth was “supported by menu [...]
Shop prices fall further into deflation as battle to ‘entice’ consumers continues October 1, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.6 per cent in the year-to-September, down from 0.3 per cent the previous month.
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
Cranswick: Pig farms boost outlook for food producer yet again September 27, 2024 UK food producer Cranswick is looking towards “upper end” of market expectations as meaty investments into pig farming operations paid off once again. The supplier, which is headquartered in Kingston upon Hull, said today in its half year trading update that its expansion into pig farming operations has led to positive contributions for the brand. As [...]
Mitchells & Butlers: Sales at Toby Carvery and All Bar One operator outperform September 26, 2024 Restaurant, pub, and bar operator Mitchells & Butlers, which owns the Toby Carvery and All Bar One brands, has reported rising sales in a slowly recovering industry. Like-for-like sales at the no-frills pub chain grew by 5.2 per cent during the 51 weeks to 21 September, driven by growth of 7.7 per cent in the [...]
Pubs face ‘double whammy’ of tax hikes as hundreds call last orders for good September 23, 2024 Around 50 pubs per month ‘vanished’ from England and Wales in the first half of the year as hospitality struggled with costs and tax rates. The overall number of pubs in England and Wales, including those vacant and being offered to let, fell to 39,096 at the end of the first half of 2024, down [...]