Mondelēz: Sales pass milestone at Cadbury owner but profit melts Retail Sales at the owner of brands such as Cadbury, Toblerone and Oreo surged past the £2bn mark in 2023 but its profit was slashed, it has been revealed. Uxbridge-headquartered Mondelēz UK, which is part of the wider Mondelēz International group, has reported a turnover of £2.21bn for its latest financial year, up from the £1.95bn [...]
Snack hack: Tesco follows Sainsbury’s with ice cream meal deal snack hack Sainsbury’s and Tesco have taken meal deal enthusiasts by storm, with a new item added to their popular lunchtime offer. Now, in addition to your usual sandwich and drink, you can pick up an ice cream or lolly to complete your meal deal at both supermarkets. At Tesco, this could see you set with a [...]
Qatar Airways to sponsor British and Irish Lions Tour to Australia done deal Major long haul group Qatar Airways will be the title partner to the British and Irish Lions series against Australia in 2025. The partnership marks the next step in sponsorship for the famous rugby touring group, who have one of the most valuable pound-per-minute played commercial platforms in world sport. They follow City firm Howden [...]
Explainer-in-brief: Caramacs are back! But why are so many chocolate bars going extinct? July 24, 2024 “The calls for the return of Caramac were heard loud and clear,” Nestle brand manager Lisa Butterworth said with pride yesterday, as she announced a limited return of the beloved chocolate bar, which was discontinued last year after a more than 60-year stint on newsagents’ shelves. But for many, the Caramac comeback will prove just [...]
International prize givers become prestigious prize winners June 4, 2024 Jeremy Stern is a different kind of entrepreneur, one who believes in integrity, honesty and simplicity, and these values are at the heart of the company he founded in 2002, PromoVeritas – the global promotional compliance specialists. Following a successful career in marketing, Jeremy saw a gap for a service that could bridge creative marketing [...]
E.T.? March 25, 2024 The surge of institutional interest in digital assets and blockchain technology over recent months shocked many after last year’s crypto meltdowns. But the U.S. Securities and Exchange Commission's (SEC) January approval of bitcoin exchange traded products (ETPs), the FCA’s recent update and approval of cryptoasset-backed Exchange Traded Notes (cETNs) for professional investors, BlackRock's bitcoin exchange traded fund (ETF) hitting the $10 billion mark faster than any other in history, and now their SEC filing last week for the USD Institutional Digital Liquidity Fund to invest in tokenised assets, all mark a milestone in the evolution and wider adoption of Web3 technology across financial services.
Change Makers: “Let’s make it last a hundred years” March 20, 2024 The Change Makers podcast hosted by Michael Hayman tells the stories of the entrepreneurs, politicos, and leaders changing the world around us. In the second of a series, Michael writes for City A.M. on the people he meets along the way.
Nichols: Costs take a bite out of Vimto maker’s earnings March 6, 2024 Vimto maker Nichols PLC said it is continuing to trade in line with expectations despite posting a 8.1 per cent decline in EBITDA.
The Notebook: Financial musings from a walk through Woking March 5, 2024 Rachel Winter, Killik & Co, takes the Notebook pen to talk lockdown puppies, parkrun, and end of tax year tips.
Mission: Nutrition brand backed by Jake Humphrey and Michael Vaughan seeking extra investment February 27, 2024 A nutrition brand backed by the likes of Jake Humphrey and Michael Vaughan is seeking to raise an extra £1.5m as it eyes turning a profit for the first time in 2026.