Deliveroo ends 2023 on a high, expects positive cash flow in 2024 March 14, 2024 Strong demand for takeaways and lower costs helped Deliveroo record positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) last year.
Lidl swings to loss of £76m as fight to keep prices low offset by surging costs September 14, 2023 Discount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its costs rose “across the board”. The group reported pre-tax losses of £76 million for the year to February 28 against profits of £41.1 million the previous year as it also invested [...]
Before the Bell: Europe set for positive start as China data points to choppy recovery March 15, 2021 While US markets by and large have managed to retain their resilience, with new record highs for the Dow, S&P500 and Russell 2000 last week, the gains have been notably in sectors left behind by the huge tech rally that has help support most of the move higher in US equities over the last few [...]
THG share price lifts after SoftBank sells stake to boss Moulding and Qatar October 18, 2022 Beleaguered retailer THG saw its share price leap after SoftBank is to sell its stake to the group’s co-founder Matthew Moulding and Qatar’s sovereign wealth fund. THG’s shares were boosted 13 per cent on Tuesday afternoon, after the loss-stricken Japanese investment management firm said it would offload its stake. SoftBank’s stake was once valued at [...]
Chicken goujons and late nights give Greggs another positive quarter May 16, 2023 British bakery and fast food chain Greggs said it saw strong sales growth in the first 19 weeks of 2023, as it continued the roll-out of new shops, longer trading hours and added extra options to its menu. Greggs said that total sales in the 19 weeks to 13 May 2023 were £609m, up from [...]
Britain’s economic adjustment only ends in one way October 7, 2021 The ails of the nation’s favourite sausage roll maker are a microcosm of the problems afflicting the UK economy. In a trading update yesterday, high street baker Greggs warned it is suffering from a “supply of ingredients.” A couple months back, it pulled its iconic chicken bite for similar reasons. Severe shortages plaguing the British [...]
Embattled Love Hemp dragged out of weeds by ‘special purpose’ CBD investor for undisclosed sum February 23, 2023 Embattled CBD brand Love Hemp has been rescued from collapse, weeks after the cannabis firm was forced to draft in administrators amid plummeting sales. The group, which has been promoted by boxer Anthony Joshua, was acquired for an undisclosed price by Portillion SPV1 Limited. The group has been recently founded by Kamran Sattar, the chief [...]
Marks & Spencer profit dented as Ocado joint venture books £0.7m loss November 9, 2022 Marks & Spencer’s half-year profit slid on Wednesday after it said its joint venture with online grocer Ocado had suffered a £700,000 loss. In half-year results to 1 October, M&S said its group profit before tax was £205.5m, versus a £269.4m sum the previous year. Bosses pointed to a lack of business rates relief compared [...]
Greggs on a roll: Baker will boost its UK sites to 3,000 as later opening proves a hit with steak bake lovers March 7, 2023 Steak bake favourite Greggs said it expected to become a “significantly larger” business as it announced plans to grow its presence to 3000 sites following stellar sales figures. The budget bakery chain saw total sales up 23 per cent to £1.5bn in 2022, compared to £1.2bn the previous year, as consumers craved the brand’s new [...]
Pubs are go: Britain’s oldest brewer Shepherd Neame shrugs off strikes and inflation in eight per cent revenue rise March 22, 2023 Britain’s oldest brewer Shepherd Neame has said consumer spending in the wake of the costs of living crisis has “remained strong” as the group posts strong revenues for the 26 weeks to December 2022. The listed pubs group, which operates around London and the South East, posted revenues of £85.3m up 8.4 per cent from [...]