All articles by Harry Holmes – Page 9
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NewsSeabrook owner Calbee ‘disappointed’ by profit slip
Calbee’s profit fall was mainly due to delays expanding its Bradford factory
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NewsYorkshire Tea owner Bettys & Taylors sees sales top £300m for first time
It marks a 40% rise since before the year before the pandemic
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NewsFood inflation hits one-year high with steaks ‘more expensive’
Food inflation hit a one-year high in May as fresh foods like beef, milk, and eggs all grew more expensive
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NewsUK retail sales jump again as Brits’ confidence improves
It marked the fourth consecutive monthly rise and builds on the best quarter for British retailers since 2021
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NewsConsumer confidence nudges up as tariff concerns ease, says GfK
All five key indicators including personal finance, savings, and general economic situation saw an improvement
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NewsKraft Heinz eyes new deals as Berkshire Hathaway leaves board
The company cut its annual sales and profit outlook this month after a sixth straight quarter of revenue decline
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NewsTate & Lyle says ‘transformation complete’ after CP Kelco deal
Tate & Lyle’s acquisition of CP Kelco will boost revenue by about 40%
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NewsPoundland cuts profit guidance as sales slump escalates
Efforts to sell the business are still ongoing with a deal expected by the end of September
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NewsConsumer confidence edges up as UK economy improves
The over-60s saw the biggest boost in confidence although they remain the most pessimistic of any generation
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NewsAsda plans £400m in store sell-offs to raise turnaround cash
The supermarket plans to lease the sites back for around 20 years in a ‘sale and leaseback’ scheme
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NewsFroneri’s ice cream profits hit by factory closure
A wet British summer was also a drag on Froneri’s sales last year
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NewsM&S cyberattack to cost £300m as disruption continues until July
The cyberattack, which took place over the Easter weekend, forced M&S halt to online orders and is expected to continue affecting availability until July
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NewsUpper Crust owner SSP boosts profits despite geopolitical disruption
The FTSE 250 company said recent geopolitical events had triggered a ‘heightened level of uncertainty’
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NewsCranswick picks up sausage maker Blakemans for £32m
Cranswick announced the deal as it posted record annual revenues and profits
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NewsFresh foods AI platform raises £5.5m to cut supermarket waste
Freshflow says its AI platform is uniquely tailored for fresh produce and can reduce waste by over 20%
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NewsSome Grub raises £270k to lead ‘insect petfood revolution’
The UK has seen an explosion of insect-based petfood in recent years
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NewsBen Stokes takes stake in alcohol-free spirits brand CleanCo
CleanCo was set up by former Made in Chelsea star Spencer Matthews in 2019
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NewsUS tariffs to cost Diageo $150m a year
The drinks giant believes it can mitigate about half the impact without price rises
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NewsLittle Moons required £5m bail-out following factory closure
The mochi ball ice cream maker defaulted on its loan terms a month after closing its Kettering site
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NewsKimberly-Clark cuts profit forecasts due to US tariffs
Kimberly-Clark is one of the first US consumer goods makers to spell out the impacts of the tariffs