Getir’s 2022 losses finally revealed ahead of UK exit and 1,500 job cuts June 4, 2024 Getir has only just published its UK accounts for 2022 - and they make for absolutely grim reading.
Weetabix: New boss named at breakfast cereal favourite June 3, 2024 A new boss has been named at cereal giant Weetabix ahead of its current managing director's retirement.
Sainsbury’s keeps profit guidance as loyalty card Christmas boosts sales January 10, 2024 British supermarket Sainsbury’s thanked cash strapped shoppers using its loyalty card scheme for a bumper Christmas.
Tesco pledges an ‘affordable Christmas’ as it raises profit guidance on slew of price cuts October 4, 2023 Tesco raised its profit guidance for the year ahead to up to £2.7bn, as the Big Four grocery thanked a slew of price cuts for surging revenues in its interim results. Britain’s biggest grocer’s adjusted operating profit reached £1.48bn during the term, a 13.5 per cent leap when compared to the same period the prior [...]
Inflation set to drop to lowest level in two years as energy prices continue falling November 13, 2023 Inflation is set to fall below five per cent for the first time in two years, but the job is far from over for the Bank of England.
Activist investor Icahn pushes for pig policy shakeup at McDonald’s with new board members February 21, 2022 Activist investor Carl Icahn is pushing for a shake up of McDonalds’ pig sourcing policy as he looks to end the practice of keeping pregnant pigs in small crates in the fast food giant’s supply chain.
Domino’s takeaway: Pizza chain announces £20m share buyback as UK sales soar May 4, 2023 UK consumers shrugged off inflation and a cost of living crisis to order more pizza, according to UK and Irish-based chain Domino’s. The fast food chain said sales increased to £386.6m across its branches, up 5.6 per cent compared to the same period last year. Quarterly orders at Domino’s Pizza group grew 2.8 per cent [...]
FTSE 100 close: London markets storm to two week high August 29, 2023 London’s premier index stormed to a two week high thanks as falling food inflation and hopes of a Chinese stimulus package lifted sentiment. The bluechip FTSE 100 ended 1.7 per cent higher at 7,464.99 while the midcap FTSE 250 rose 1.9 per cent to 18,468.59. Many markets around the world saw strong trading yesterday, when [...]
Hovis receives takeover offer from Italian firm Newlat Food October 5, 2020 Italian firm Newlat Food has made an offer to buy the maker of Hovis bread from its current owners Premier Foods and US investment firm Gores Group. Newlat, which is the owner of Buitoni pasta, said this morning that the 134-year-old brand has a “great tradition and recognisability in the United Kingdom”. The acquisition would [...]
Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 27, 2023 Partnership will see construction of Africa’s first net-zero solar power plant driven by ESG principles in Nigeria and will create thousands of jobs.