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.
Mouthwash, teabags and sausages latest examples of ‘shrinkflation’ – Which? January 20, 2024 Shrinking mouthwash bottles, fewer teabags and sausages with less pork are among downsized and downgraded supermarket products as manufacturers and retailers cut costs, a watchdog has found.
From calorie counts to meal deals, Boris Johnson can’t make up his mind May 19, 2022 When American political activist Ralph Nader famously called McDonald’s double cheeseburger “a weapon of mass destruction” he was on to something. On this side of the pond too, decades of unhealthy fast – and fat – food eating have left a mark. Around 63 per cent of adults in England are either overweight or obese. [...]
Consumers turn to instant noodles in cost of living crunch, says Premier Foods boss July 20, 2022 Shoppers are increasingly turning to budget meals amid the cost of living crisis in the UK, the boss of consumer goods giant Premier Foods said today. The popularity of its instant ramen brands Nissin and Batchelors, which own Cup Noodle and Super Noodles respectively, in the second quarter of this year have jumped, as household [...]
City Moves: Who’s switching jobs in the Square Mile? July 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Westwind Capital London-headquartered Westwind Capital, a new European private equity real estate investment platform has appointed a chief financial officer and chief operating officer, as it builds out its C-suite. Stepping into both roles, Mark Terry brings [...]
Greggs: Sausage roll sales rise as consumers look for cheaper eats October 4, 2022 Greggs has reported surging sales this autumn while making no changes to its cost inflation outlook for the year. The sausage roll specialist said on Tuesday that total sales were up 14.6 per cent for the 13 weeks to 1 October 2022, compared to the same period in 2021. Price increases of around five pence [...]
Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls August 2, 2022 Sausage roll maker Greggs has posted flat profit after the return of pre-pandemic tax rates and heightened costs. In half-year results, the bakery chain posted pre-tax profit of £55.8m, up just slightly from the £55.5m posted in the first half of 2021. The London-listed chain said this was reflective of the re-introduction of business rates, [...]
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 [...]
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.