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.
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 [...]
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 [...]
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 [...]
Pret founder and Itsu boss Julian Metcalfe banned from driving for using phone at the wheel September 3, 2024 Julian Metcalfe, the founder of Pret a Manger and current boss of Itsu, has been banned from driving after being convicted of using a mobile phone behind the wheel. He claimed he was using the Waze navigation system for directions to visit his daughter, and that he didn’t know it was illegal to use a [...]
Farmers without solar panels could lose out on £1bn as Government weighs up clampdown November 24, 2022 Farmers without solar panels could be missing out on up to £1bn over the next two years, according to new analysis from ECIU.
Greggs: Evening sales and travel hubs send baker’s sales soaring August 1, 2023 Greggs recorded total sales of £844m in its interim results, up from £694m compared to the same period last year.
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Johnson: Can’t ‘magic away’ cost of living problems but UK will draw on ‘fiscal firepower’ May 20, 2022 Boris Johnson has said the government will have to draw upon its “fiscal firepower” to get through the cost of living crisis, but there is no way he can “magic away” the problem. Speaking at a conference in Wales today, the prime minister said Britain will “get through” its current problems, marked by a 40-year [...]