All articles by Harry Holmes – Page 3
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NewsDomino’s enters fried chicken market amid faltering pizza sales
In contrast to the struggling pizza market, Brits’ insatiable appetite for fried chicken shows no sign of slowing
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NewsBakkavor price hikes keep revenue rising ahead of takeover
The UK’s competition watchdog launched an investigation this week into the sale of Bakkavor
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NewsHilton Foods profits down amid falling fish sales
Strong meat sales failed to compensate for disruption in Hilton’s fish business
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NewsNestlé fires CEO Laurent Freixe over romantic relationship with employee
The Swiss food giant named Nespresso boss Philipp Navratil as his replacement
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NewsGreggs delays hire of former WH Smith CFO over accounting scandal
Robert Moorhead asked to defer his appointment as Greggs non-exec until an independent review is completed
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NewsPernod Ricard sales drop due to US and China uncertainty
Pernod has been a collateral victim of global trade wars for almost a year, first hit by China and then the US
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NewsKeurig Dr Pepper buys JDE Peet’s to create new coffee giant
The deal will lead to the split of the combined group’s coffee and soft drinks units
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NewsFood inflation hits 18-month high driven by eggs and butter
The price of staples like butter and eggs shot up due to high demand, tightening supply, and increased labour costs, said the BRC
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News‘Dinner for tonight’ drives grocery growth as Brits stay home
Brits are increasingly favouring healthier, home-cooked meals over dining out, according to NIQ
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NewsUK inflation accelerates amid higher food prices
Food and drink prices have risen 4.2% compared with a year ago, their fastest rate in 18 months
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NewsFood brands overcome inflation to outpace own label
It is the largest gap in favour of brands since March last year
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NewsMicrosalt cuts sales forecast over US food dye ban
It is the latest problem for the startup this year after unauthorised debt repayments of $500k sent shares plummeting
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NewsHelloFresh cuts profit forecast as sales fail to deliver
HelloFresh’s share price has already fallen around 30% so far this year and almost 90% since its peak
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NewsCarlsberg growth propped up by Britvic acquisition
The Danish brewer is several facing struggles such as weak demand, tariffs and poor weather
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NewsHigher food sales ‘barely touching the sides’ of extra labour costs
Rising food inflation meant increased spending was more due to higher prices than rising demand
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NewsUK companies cut back on hiring over tax and labour costs
The Bank of England is watching the jobs market closely as it weighs up further rate cuts
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NewsDeliveroo profits surge ahead of DoorDash takeover
The London-based company achieved its first-ever annual profit last year, drawing the attention of DoorDash which agreed a £2.9bn takeover in May
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NewsDiageo’s profits tumble after rocky year
The maker of Guinness and Smirnoff said operating profits were down almost 30%, below analyst’s expectations
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NewsKimberly-Clark scores strongest volume growth in five years
The Andrex maker consequently raised its profit forecast for the year having cut it in April
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NewsVirgin Wines builds momentum despite market slowdown
In March, Virgin Wines said it would put £20m into “turbocharging” growth