All articles by Harry Holmes – Page 3
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NewsTesco raises profit guidance after strong summer sales
Britain’s biggest supermarket cut its profit guidance earlier this year due to a looming price war
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NewsBeyond Meat shares hit all-time low over plan to wipe out $800m of debt
The announcement drove the company’s share price down 36% on Monday
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NewsMicrosalt cuts losses as scale ramps up
Microsalt previously cut its sales forecast due to the US ban on food dyes
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NewsAG Barr’s profits fizz after hiking prices
AG Barr’s profits surged 20% in the first half of the year off the back of rising prices and better operating margin
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NewsNon-food prices push up inflation in September
Food inflation held steady at 4.2%, ending seven months of successive growth
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NewsPets at Home recruits new CFO from PZ Cussons
The retailer is rebuilding its top team amid declining sales
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NewsHilton Foods sells Fairfax Meadow to Sysco for £54m
Hilton bought the business in 2021 to help it expand into foodservice
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Analysis & FeaturesWas Urban Legend ahead of its time or always set to fail?
The doughnut brand’s tech is ingenious – and will be sold on. So why didn’t its products catch on?
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NewsStarbucks to shutter cafés in £750m turnaround plan
The world’s biggest coffee chain is battling slowing sales due to high prices and strong competition
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NewsProper Snacks sales back on track with new factory
Proper Snacks was taken over by private equity in 2021 and merged with Eat Real
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NewsKTC Edibles tripled profits ahead of sale to Whitworths
Despite rising profits, revenue for KTC Edibles has dropped for the second year in a row
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NewsCo-op cyberattack to cost £120m in lost profits
Co-op’s stores suffered widespread availability issues for two weeks in May
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NewsEnglish sake brewer Shogun Sakes raises £550k
Sake is flourishing in the UK with new specialised bars and breweries opening
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NewsChapel Down makes global drive to steal champagne’s fizz
The English winemaker is launching a new strategy under its new leadership team
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NewsHeinz UK sales stabilise after troublesome few years
Heinz’s volumes fell almost 20% as shoppers turned to own-label ketchups and beans to save money
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NewsBulmers owner C&C Group loses CFO as revenue slips
Andrew Andrea is leaving for Domino’s Pizza after just 18 months at C&C
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NewsBrits’ confidence in economy down amid high inflation and budget fears
Half of Brits are now expecting the economy to get worse in the run-up to Christmas
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NewsGeneral Mills' sales down again as shoppers ditch big brands
The US company manufactures Häagen-Dazs, Old El Paso, and Green Giant in the UK
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NewsUnilever confirms veteran Srinivas Phatak as new CFO
Phatak took on the acting CFO role in February after Unilever unexpectedly ousted CEO Hein Schumacher
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NewsBrits turn to supermarkets for school essentials after prices drop
Supermarkets saw a surge in sales of school clothes and lunchbox staples after investing in prices