Eve Sleep hunting for new owner as mattress giant is in need of fresh cash June 6, 2022 Online mattress seller Eve Sleep said this morning it is hunting for a new owner after telling shareholders it needs new investment to expand. The company said it is looking for a new owner or at least a major investor to help fund the push into the “wider sleep wellness space”. Eve had been speaking [...]
Mr Kipling owner acquires meal-kit brand The Spice Tailor for £43.8m July 25, 2022 Premier Foods has snapped up the Indian and South East Asian meal kits business The Spice Tailor, for an initial £43.8m. The Spice Tailor is anticipated to generate revenue of £17.3m in the 2022/23 financial year, with the Mr Kipling owner enticed by its 20 per cent compound annual growth rate over the last four [...]
Salt tears won’t wash: why those viral charity campaigns aren’t all they seem June 6, 2024 From Carly Burd’s salted allotment to Captain Tom, social media charity campaigns are ripe for exploitation. The regulator needs to wade in and people need to wise up about who exactly they are pledging money to, says Fergal Parkinson Carly Burd became a social media sensation – by crying. She racked up 5m views on Tiktok alone [...]
Boris Johnson will be a slave to U-turns until he discovers the art of policy flexibility May 31, 2022 It is not easy for a party to run the country for twelve years, so have some pity on the Conservative Party. Perhaps it was in response to the absolute dearth of ideas ranging from “getting a better paid job” to shopping “own-brand products” that Rishi Sunak finally capitulated and delivered a mini-budget last week [...]
Grocery inflation falls to lowest monthly rate this year June 20, 2023 Grocery price inflation has fallen to its lowest monthly rate this year – but remains at its sixth highest level since 2008, figures show. Grocery inflation dropped to 16.5 per cent for the four weeks to June 11, down from last month’s 17.2 per cent and March’s record 17.5 per cent according to analysts Kantar. [...]
Sofa giant DFS suffers big slump in profits after ‘grim year’ amid sharp retail downturn September 15, 2022 DFS said this morning the sofa seller has suffered a big slump in profits. Moreover, the company warned that the industry is facing a downturn as soaring bills mean fewer customers are in the market for a new sofa. DFS said pre-tax profit dropped 43 per cent to £58.5m in the financial year that ended [...]
Ashley’s empire grows: Frasers picks up nearly 20 per cent of retailer AO World June 12, 2023 Mike Ashley's Frasers Group has invested £75m in electronic retailer AO World, taking a stake of almost 20 per cent in the business.
House prices back on upward march to race past £667,000 in London January 16, 2023 House prices are back on an upward march, sending the cost of the average home in London to over £667,000, a new survey out today shows. Search site Rightmove said today house prices in the capital jumped 0.2 per cent over the last month and 6.1 per cent annually. On a nationwide basis, prices climbed [...]
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
Budget: Why Jeremy Hunt needs you back at work to prevent a recession March 15, 2023 This was a budget for the workforce. It showed signs of sparking the supply side revolution that Liz Truss championed, but crashed hard in trying to get there too quickly. The Office for Budget Responsibility (OBR) thinks so. It projects the government’s collective policies designed to boost the labour market will provide a 0.2 per [...]