Procook serves up return to profitability promising sustained growth June 26, 2024 Kitchenware maker Procook has said it "plans to accelerate profitable growth over the medium term" thanks to the strategic inroads and trading "momentum" borne out in its full year results in which the firm returned to profitability.
McDonald’s salad supplier Agrial loses custom after price increases August 27, 2024 McDonald’s salad supplier Agrial Fresh Produce has cut its loss thanks to price increases after what it described as three years of “upheaval” due to labour shortages and soaring costs, according to newly-filed documents. The Staffordshire-headquartered company, which also owns the pre-packed salad brand Florette, cut its pre-tax loss to £5.5m in 2023 – an [...]
UK manufacturing downturn deepens as optimism drops to lowest level in a year January 2, 2024 The UK's manufacturing sector fell deeper into contraction in December, while business optimism fell to its lowest level in a year.
Profits wag for Pets at Home as revenues up 10 per cent thanks to Brits splurging on furry friends August 3, 2023 Pets at Home made a profit during the first quarter with revenues rising 10.2 per cent to £568.2m, as the animal care brand was bolstered by new store openings. The pet store, which operates 453 sites across the UK, said that total group revenue reached £436.8m, up 7.9 per cent when compared to last year, [...]
Government to ‘encourage’ supermarkets to cap food prices May 28, 2023 Government plans to encourage supermarkets to impose price caps on food staples to help with the cost of living will have no “element of compulsion”, a Cabinet minister has said. Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products like [...]
Exclusive: Quarter of all Londoners now dip into savings to survive while one in three have zero extra pounds left October 12, 2022 More than a quarter of people in London are being forced to dip into their savings to make ends meet every month, according to fresh data shared with City A.M. today. However, the research also reveals that almost a third of people across London, around don’t have any savings to fall back on – prompting [...]
Sadiq Khan to address ‘cost of doing business’ crisis at summit with Uber and Natwest June 20, 2023 Sadiq Khan is set to address the “cost of doing business crisis” at a crunch summit with firms including Uber, Natwest and KPMG. The mayor of London will welcome more than 200 CEOs to his annual City Hall business reception at the Crystal in east London today. He is expected to tell firms the “cost-of-doing-business [...]
Simpsons Tavern ‘now a crime scene’: City’s oldest chophouse vandalised amid fight for survival May 28, 2024 One of the City’s oldest and most recognised lunch spots has fallen into disrepair as its business owners continue to battle for control of the property after it got into rent arrears during the pandemic.
Pint pourers pocket 11.3 per cent pay rise beating UK average amid staff shortage May 22, 2023 Pub workers are raking in some of the biggest pay rises in the UK caused by landlords stepping up benefits in a bid to lure and retain staff, new figures out today show. Wages for people working in the country’s drinking holes climbed 11.3 per cent over the last year, higher than the hospitality sector’s [...]
E-scooter firm Tier to lay off 140 staff before Christmas in losing battle with profits November 29, 2023 Tier said it would be cutting around 22 per cent of its workforce, in a “number of countries”, making it a “difficult day at the end of a difficult year.