Day: November 21, 2024
Huel sales and profits surge as UK expansion plans revealed
This year has been ‘transformative’ for Huel, according to its CEO
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ShareAction names and shames food giants ‘lagging behind’ in race for transparency on health
Investors have written to the chief executives of PepsiCo, Coca-Cola, Mondelez, Kraft Heinz, Kellanova and General Mills
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City 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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Media Bites 21 November: Unilever, Lidl, Rathbones, inflation
Over 70 big retailers have signed a letter to warn chancellor Reeves of the immediate effects of the Budget
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Allplants seeks a buyer to save plant-based brand from collapse
Plant-based ready meal maker Allplants is teetering on the edge of collapse and is working with insolvency advisors to explore all options for the brand’s survival
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Mass walkouts at cognac maker Hennessy over China bottling plans
Hennessy is said to be exploring the possibility of shipping cognac to China where it could be bottled locally
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Tesco rolls out price cuts in Express convenience stores
Tesco said the cuts to 222 household essentials had reduced Express convenience prices by an average of 10%
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Co-op adds to higher welfare Space to Thrive chicken range
Higher welfare chicken is now also available in ready-to-eat and breaded chicken
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Aldi trials 12 more fruit & vegetable lines without packaging
Wrap last month called on the government to ban packaging on 21 uncut fresh produce items, including the lines on Aldi’s list
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Deliveroo makes first foray into designer fashion rental with Hurr
Hurr’s collection includes brands such as 16Arlington, Santa Brands, Self-Portrait, Nadine Merabi and Rixo
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Steve Reed says deposit return scheme ‘better’ without Wales
Drinks industry bosses were left stunned this week, after Wales withdrew from the planned UK-wide rollout of DRS in October 2027
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Iceland backs bid for warmer frozen food temperatures
The supermarket has joined a coalition advocating for a rise in frozen food temperature standards to slash CO2 emissions
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Food transparency body faces shake-up as Labour increases outside scrutiny
The move comes with growing pressure on Labour to distance itself from food and drink companies in policy setting on areas such as obesity
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Wendy’s pursues expansion in the UK with new franchise agreement
The chain will open six new sites in the south west of England
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Sainsbury’s trials self-service Pokémon ‘select & dispense’ tech
The Vensafe system is used in more than 2,500 stores across Europe
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KFC rows back on Better Chicken Commitment pledge claiming industry is not ready
Animal protection charity The Humane League UK has called for a protest at KFC’s headquarters in Woking next week
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Arla and McCain to launch exclusive products through Iceland’s accelerator scheme
Lithuanian baker Mantinga will also launch a new sweet and sour doughnut through Iceland’s Brands on Ice programme
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Interview: Nobody’s Child – the M&S-backed retailer gunning for growth
Nobody’s Child founder Andrew Xeni is looking to bring sustainable clothing to the masses, with the help of backer M&S.
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Former Barbour MD to lead Ted Baker wholesale business in 5-year deal
Ted Baker’s wholesale business in the UK and Europe is set to be managed by Pace Partnership London (PPL).
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Frasers Group demands Boohoo chair Kamani be replaced by Mike Ashley
Frasers Group has published an open letter to shareholders demanding the removal of Boohoo executive chairman Mahmud Kamani, to be replaced by Mike Ashley and Mike Lennon.
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