Shrinkflation: Cadbury reduces size of Dairy Milk bars as inflation pressures hit March 28, 2022 Cadbury has downsized the size of its Dairy Milk sharing bar as it feels the bite of rising costs. Parent company Mondelez said it was shrinking the size of the bars by 10 per cent as it faces inflationary pressures. The chocolate bar will be reduced from 200g to 180g, but still sold at £2. [...]
Ethical brand Tony’s Chocolonely finds 1,700 child labourers in supply chain February 6, 2022 Anti-slavery chocolate brand Tony's Chocolonely has admitted that 1,700 child labourers were involved in its supply chain last year.
The charge of the activist investors February 1, 2022 Analyst investors have been on the charge in the UK, Charlie Conchie asks why.
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
Premier Foods ups profit guidance as sales beat market forecasts January 20, 2022 Mr Kipling owner Premier Foods has lifted its profit guidance for the full year to £125m as sales beat expectations.
Manchester City returns to profit while revenue increases to £569.8m January 12, 2022 Manchester City have announced a profit of £2.4m and revenues of £569.8m in their annual report for the 2020-2021 season. The Premier League leaders saw their revenue increase by 19 per cent. The profits came despite a season disrupted by Covid-19 which saw restrictions placed on stadium capacities – City’s matchday income was down 98 [...]
Funding crisis: PM Boris Johnson slams City Hall for creating TfL’s ‘black hole’ December 15, 2021 Prime Minister Boris Johnson has accused London mayor Sadiq Khan of creating Transport for London’s (TfL) financial “black hole.” “What happened is the Labour mayor of London embarked on a reckless unfunded fares policy that left a huge black hole in TfL’s finances,” Johnson said during PMQs. Responding to accusations made by Labour MP Ruth [...]
Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
Cadbury launches vegan chocolate bar October 6, 2021 Cadbury owner Mondelēz International is launching a plant-based chocolate bar, Cadbury Plant Bar. The chocolate bar took two years to develop and is a vegan replica for the Cadbury Dairy Milk product, with almond paste instead of milk. The product will come in two flavours, smooth chocolate and smooth chocolate with salted caramel pieces. Louise [...]
Mr Kipling manufacturer Premier Foods sales ahead of expectations July 23, 2021 Premier Foods have reported stronger than expected sales as the Mr Kipling manufacturer’s healthier ranges have proven popular with consumers. Group sales were up by 6.3 per cent compared to two years ago – at top end of Group’s expectations – while its branded sales also rose, by 9.3 per cent. The Hertfordshire-based company published [...]