All articles by Harry Holmes – Page 18
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NewsJust Eat Takeaway to delist from London Stock Exchange
The Dutch business said the move would cut costs and complexity
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NewsCity snapshot: Just Eat to delist from London Stock Exchange
The move is a blow to the UK government which launched “the biggest set of reforms to listing rules in over 30 years” earlier this year to try and reinvigorate the country’s capital markets. Also, Pet at Home sales stutter amid an “unusually subdued” pet retail market
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NewsTunnock’s profits rebound despite cocoa shortage
Tunnock’s, the maker of its eponymous teacakes and caramel wafers, saw profits rebound last year despite high ingredients costs continuing to weigh on its bottom line
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NewsHattiers Rum seeks £1m investment from selected investors
The premium brand is eschewing traditional crowdfunding and trying to selectively engage with investors
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NewsNestlé turnaround plan gets muted market reaction
Nestle’s share price has sat in the doldrums of late and is down 23% since the start of the year
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Analysis & FeaturesBack to earth with a bump, why did Little Moons factory fail?
In an ‘unusual situation’, the mochi maker has u-turned on plans to switch all its production to a new factory in Kettering, leaving staff angry
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NewsCity snapshot: Consumer confidence improves in wake of budget
Businesses have warned that big tax rises in the budget will lead to job losses and pay cuts but that is having little effect on Brits’ mood. Also, the Competition and Markets Authority will allow more deals to go ahead to help boost growth.
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NewsCity snapshot: PZ Cussons steadies ship after Nigerian turbulence
Ahead of its AGM later today, PZ Cussons said it expects 5% like-for-like revenue growth in the first half of its financial year, largely led by growth in the UK. Also, Tereos profits fall due to lower prices for sugar and sweeteners.
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NewsThree-Sixty Aquaculture raises £3.5m for UK’s first sushi prawn farm
The business has developed the UK’s only indoor prawn farm with sales to commence in 2025
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NewsVirtue Drinks lands investment from James Watt and Eberechi Eze
The business has now raised over £5m since launching in 2016
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NewsMedia Bites 20 November: farming protests, FDF report, Wegovy
The newspapers are full of colourful accounts of yesterday’s protests in which 13,000 farmers took to the streets of Whitehall
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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’