Mcbride: Share price soars as it raises profit guidance on end of sticky inflation Retail Manchester based cleaning product manufacturer Mcbride has raised its full year profit expectations off the back of a strong year.
McBride warns for first-half loss as cleaning giant battles soaring prices Household cleaning products firm McBride has warned it expects to sink to a first-half loss as it battles to offset soaring prices due to the supply chain crisis. The group, which is behind many supermarkets’ own-brand cleaning products, said raw material and packaging prices have ramped up faster than expected, while freight and distribution costs [...]
McBride’s profit warning on lorry driver shortage sends shares lower McBride issues an alarming profit warning McBride shares sunk at the open this morning after the cleaning products maker said profits would be significantly lower than expectations. The cleaning products maker warned that profits for the year to next June are likely to be 55 per cent to 65 per cent lower than the current market consensus of £19.7m for full [...]
CBI admits group failed to root out ‘toxic’ workers amid sexual misconduct crisis April 24, 2023 The UK’s biggest business lobby group the Confederation of British Industry (CBI) has issued a last gasp plea to its members to give them “reason to consider trusting us again,” its president said in an open letter issued this evening. Brian McBride, president of the organisation, which was founded in the 1960s, admitted it had [...]
UK must stop talking itself down, says Badenoch as report shows Brexit hasn’t hurt trade November 6, 2023 Business and trade secretary Kemi Badenoch has said the UK needs to stop talking itself down after a new report argued Brexit hasn’t damaged UK-EU trade to the extent some might have feared.
Rupert Soames picked as next Confederation of British Industry chief December 5, 2023 The Confederation of British Industry (CBI) has named Rupert Soames as its next president.
Mark Kleinman: The CBI’s arrogance has been breathtaking April 20, 2023 The CBI has failed to manage a crisis of its own making, says Sky News' Mark Kleinman in his fortnightly column
It’s time for politicians to stop fighting the Brexit battle November 6, 2023 Today a new report claims to show that Brexit “has not had a major detrimental effect on UK–EU trade”.
As long as businesses want to keep their hands clean, we will need a body like the CBI April 19, 2023 As long as businesses want to outsource their dirty work to industry groups, they will need a body like the Confederation of British Industry.
CBI: Rishi Sunak refuses to say business body will be back in the room June 7, 2023 The Confederation of British Industry survived a confidence vote on its future yesterday, after members voted in favour of the scandal-hit lobbying organisation’s transformation plan. However, overnight the Prime Minister Rishi Sunak suggested that may not be enough for the body to be invited back into key meetings on business policy with the government. Matters [...]