All articles by Harry Holmes – Page 11
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NewsToothpaste tablet maker Pärla closes in on £400k raise
The tablets are entirely plastic-free and can be chewed until they turn creamy
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NewsHuel sales and profits surge as UK expansion plans revealed
This year has been ‘transformative’ for Huel, according to its CEO
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NewsCity snapshot: Christmas shopping starts early as Brits fear costs
Almost half of consumers started Christmas shopping before November with 53% worried about how they will afford the festive season, according to the EY Holiday Shopping Survey. Retailers seem to be alert to the trend with festive promotions starting earlier this year.
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NewsLittle Moons to close new Kettering factory with 200 job losses
New factory in Kettering opened this year and was branded ‘a massive moment for Little Moons’
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NewsCity snapshot: Nomad Foods downgrades profit guidance due to technical disruption
Nomad’s sales were hit by ERP disruption, the software used by companies to organise their operations that is notorious for causing problems. In 2021, similar issues at Walkers led to a multi-month crisp shortage.
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NewsWH Smith’s profits surge on travel growth
Profits from shops in the UK’s railway stations, airports and hospitals rose by 20%
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NewsBudget tax raid ‘not significant for us’, says Premier Foods CEO
Premier has estimated the cost of the changes and says ‘it’s not a huge number’
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NewsEG Group clears immediate debt burden with sale of UK forecourts
Founded by the Issa Brothers in 2001, EG Group is several billion pounds in debt
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NewsKestrel Foods sustains rapid ascent amid stagnant snacking sales
Kestrel Foods was ranked among the top 50 fastest-growing brands this year
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NewsYF hires Rob Dixon as commercial services director
Dixon will lead YF’s commercial team, responsible for sourcing and scaling high-potential brands
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NewsBurts Snacks slips into the red due to acquisition costs
The company’s sales continue to perform strongly, however, with revenue up 11%
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NewsCity snapshot: Just Eat sells Grubhub for $650m
Just Eat bought the company for over $7bn less than four years ago. The markdown reflects the company’s poor performance since then as it struggled to compete with rivals like Uber Eats. Also, cautious shoppers are reigning in their food bills ahead of Christmas
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NewsFemale-focused Neurita Tequila raises over £100k from crowd
The business is looking to capitalise on tequila’s booming popularity
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NewsCake Box ‘building momentum’ through new stores
The UK’s largest franchise retailer of fresh celebration cakes now has 232 outlets
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NewsHain Celestial shares sink lower as turnaround plan flounders
Quarterly revenue fell as both volumes and prices came down
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NewsBeyond Meat running out of cash despite return to growth
Investors are now hoping the business has turned a corner after sales grew 7.6% to $81m in the three months to September, and gross profit turned from a $7.3m loss to a $14.3m profit
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NewsGraze cuts costs ahead of Unilever integration
Unilever decided to integrate Graze after it made a loss in every full year since it was purchased
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NewsCity snapshot: M&S has ‘so much to do’ as profits beat expectations
Pre-tax profits surged 17% in the first half of the year, propelled largely through its food business. Also, Domino’s Pizza returns to sales growth and Glanbia announces major restructure