All eyes on Tesco as UK’s biggest supermarket to say profit down £2.8bn – but what do shareholders want next? April 7, 2023 Tesco is expected to reveal a dip in profits for the past year as the supermarket group grappled with rampant food and drink inflation. The UK’s largest retailer will update investors and analysts over its financial performance for the year to February in an update on Thursday April 13. A consensus of analysts has said [...]
Premier Foods sales surge during coronavirus lockdown June 24, 2020 Mr Kipling cakes maker Premier Foods has swung to a full-year profit, after a jump in sales due to the coronavirus lockdown. The figures Premier Foods revenue for the full year edged up 2.8 per cent to £847.1m, while revenue for the fourth quarter increased 3.6 per cent. Trading profit rose 3.2 per cent to [...]
Nestle: Cost inflation eats into KitKat maker’s profit as it tumbles 45 per cent to £8.4bn February 16, 2023 KitKat and Nescafe coffee maker Nestle has revealed its net profits tumbled by 45 per cent as cost inflation led the global food and drink giant to hike up the prices of its products. The Switzerland-headquartered company, which owns some of the world’s biggest food brands, said its net profits fell to 9.3 billion Swiss [...]
I’m A Celeb star Nigel Farage had failed London company before politics November 15, 2023 Nigel Farage is joining the I'm A Celebrity Get me Out of Here jungle
Sterling surges to highest level since mid-September as US inflation falls faster than expected November 14, 2023 The pound jumped higher on Tuesday afternoon after new figures showed that US inflation fell faster than expected in October making further rate hikes in the US unlikely.
McDonald’s UK apologises after 100 workers allege sexual harassment or bullying July 18, 2023 The boss of McDonald’s in the UK has apologised after more than 100 workers at the fast food chain, past and present, alleged they had been sexually harassed or assaulted or subjected to racism or bullying. Alistair Macrow told the BBC the company had “fallen short” in some cases after the corporation spoke to dozens [...]
Issa brothers’ LEON to more than double number of Asda coffee kiosks November 21, 2022 LEON is to more than double its self-serve coffee kiosks in the UK over the next couple of months, as the Issa brothers’ on-the-go food operator expands. The chain, which sells healthier alternatives of fast-food and is owned by the billionaire brothers behind supermarket Asda and petrol forecourt operator EG group, is to expand its [...]
King’s Speech: ‘Increasingly tragic’ times will see us protect each other December 25, 2023 The King has praised the “selfless army” of volunteers serving communities across the country, describing them as the “essential backbone of our society”, in his Christmas broadcast.
TRG: Wagamama owner admits dining out will ‘never recover’ from Covid – but chains will not disappear from High Street March 13, 2023 The chief executive of Wagamama‘s owner The Restaurant Group (TRG) has claimed that dining out will never be as popular as it was pre-pandemic – but reassured chains will not disappear from the British high street altogether. “I don’t think the [casual dining] industry will never be quite as big as it was,” Andy Hornby, [...]
Another bite out of London: Franco Manca set to go private in bumper deal April 5, 2023 The owner of Franco Manca has been snapped up by a Japanese food franchise company in a £93m deal – the latest in a long line of London-listed firms to be taken private by foreign firms. Fulham Shore, which also owns The Real Greek franchise, announced that it was offloading the business to Toridoll, a [...]