Day: November 19, 2024
Huel profits surge due to UK expansion
This year has been ‘transformative’ for Huel, according to its CEO
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Retail will be hit with additional £7bn in costs from next year, industry chiefs warn Chancellor
Costs including rising employers’ national insurance will make job losses and price rises inevitable according to the letter orchestrated by the BRC, which calls for a meeting with Rachel Reeves to discuss measures to reduce the impact
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City snapshot: Nestlé to spin off bottled water and cut costs by another £2.2bn as part of new action plan
Nestlé will spin-off its bottled water business as part of new plans for turning around the ailing food giant revealed ahead of today’s Capital Markets Day for investors and analysts. Plus, full-year results from Imperial Brands
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Media Bites 19 November: National Insurance, farming protests and BrewDog closures
More than 70 retail businesses have warned job losses will be “inevitable” in the wake of the budget
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ByRuby launches new freezer concessions into Sainsbury’s
The new branded ‘standout’ freezers will sit away from the freezer aisle, alongside fresh and ambient products in Sainsbury’s stores
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Farmer protests kick off in London following ‘stab in the back’ budget
Some estimates have suggested 12,000 farmers had registered their attendance at the rally in Whitehall with many predicting actual numbers could be far higher
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Deliveroo calls for riders to be included in upcoming crime bill for protection against abuse
It is also asking that the legislation makes clear that restaurants and other hospitality settings are included in the definition of a retail premise
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East of England Co-op boosts staff productivity by 70% thanks to ESLs
It allows East of England Co-op to centrally manage pricing, product information and promotions, eliminating the need for manual updates
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National Lottery retailers help raise £50bn for good causes
Operator Allwyn, which took over the licence from Camelot in February, said the funding has gone towards 700,000 individual projects across the UK
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Plans to rid supply chains of deforestation in peril as EU votes to amend flagship law
Campaigners have sounded the alarm over new amendments made to the EU’s deforestation regulation
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Spring Food secures £100k to capitalise on rise of bone broth
The Essex-based business, which launched in 2017, makes a range of almost 30 bone broth products sold online and through its network of partners
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British Frozen Food Federation appoints Karen McQuade as its new president
She takes over from Ian Stone, who has taken on the role of CEO at Apetito UK
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Higher business rates aimed at ‘online giants’ will hit 1,900 superstores and hypermarkets
Across England and Wales, the proposed tax hike will hit more superstores and hypermarkets than it will large distribution warehouses, according to analysis by property consultancy Colliers
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Mulberry half-year losses widen as new boss prepares to ‘rebuild the business’
Mulberry reported a loss in its half year results, as its CEO highlighted the “clear need to reprioritise and rebuild the business”.
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Why customers are turning to parcel lockers as the preferred delivery option
There’s a universally familiar frustration in online shopping; the “missed package.” Whether it’s left on a doorstep, returned to the sorting facility, or – worst of all – lost in transit, failed deliveries are a significant source…
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Retailers warn National Insurance hike makes job cuts ‘inevitable’
The UK’s biggest retailers have warned of “inevitable” job losses as a result of the government’s decision to increase national insurance in the budget.
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Revolution Beauty swings to half-year loss in ‘year of transformation’
Revolution Beauty plunged into loss in its first half on the back of a 20% sales plunge in what its new CEO said was “a year of transformation”.
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Ikea to open Oxford Circus pop-up ahead of London flagship launch next year
Ikea is set to open ‘Hus of Frakta’, a pop-up experience on London’s Oxford Circus dedicated to one of the Swedish furniture giant’s most popular item – the blue Frakta bag.
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The Body Shop appoints CMO and CFO to drive growth after acquisition
The Body Shop has made two key appointments to its senior leadership team to help drive growth following its acquisition earlier this year.
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Ted Baker relaunches website in the UK
Ted Baker has relaunched its ecommerce website under its new operating partner following its collapse earlier this year.
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