Mindful Chef: New delivery charge helps slash loss September 26, 2024 Mindful Chef introducing a delivery charge helped to significantly cut its annual loss despite its sales also falling, it has been revealed. The London-headquartered business has reported a pre-tax loss of £1.7m for 2023, after also losing £7.4m in 2022. Newly-filed accounts with Companies House also show that Mindful Chef’s turnover fell from £58.8m to [...]
Lower costs help Co-op return to profit September 25, 2024 The Co-op said this morning that lower costs had helped the company return to profit in the first half of its financial year. Profit before tax grew to £58m in the first half of 2024 from a loss of £33m in the same period last year. The company, which also operates a funeral service, legal services, [...]
Five Guys: Revenue surges by £90m as loss slashed at burger chain September 20, 2024 Sales at the European arm of Five Guys surged by more than £90m as it slashed its loss by over 50 per cent during its latest financial year. The London-headquartered division has reported a revenue of £542.9m for 2023, up from the £452.3m it achieved in 2022. Newly-filed accounts with Companies House also show that [...]
Quorn: Meat-free food brand loses more than £60m as supermarket sales slashed September 19, 2024 The company behind meat-free food brand Quorn lost more than £60m during its latest financial year as its sales in UK and US supermarkets continued to decline. The North Yorkshire-headquartered Marlow Foods has posted a pre-tax loss of £63.4m for 2023, having also made a loss of £15.4m in 2022. The last time the Quorn [...]
Mcdonald’s empire hopes new Mcflurry flavours will keep customers happy after ‘bold’ price rises September 16, 2024 “Bold” price rises at a McDonald’s franchise empire helped sales jump by more than £15m during its latest financial year. Run by Andrew Gibson, AG Restaurants runs 27 sites in Glasgow, employs more than 3,000 people and is one of the largest in the UK. The business has reported a turnover of £135.2m for 2023, [...]
Itsu: Return to the office helps boost sales September 13, 2024 The move by companies to encourage their workforce to return to the office helped sales jump at East Asian-inspired eatery chain Itsu during its latest financial year. The London-headquartered company has posted a turnover of £160.7m for 2023, up from the £137.7m it achieved in 2022. Newly-filed accounts with Companies House also show the brand’s [...]
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
The City’s salad cult: What’s up with Farmer J? September 12, 2024 People in the City are addicted to Farmer J's large, expensive salad bowls. Why so?
Pizza Hut Europe serves up profit after £106m loss September 10, 2024 The European arm of Pizza Hut has surged back into the black after making a loss of almost $140m (£106.4m) , according to newly-filed documents. The London-headquartered division has reported a pre-tax profit of $12.2m (£9.3m) for 2023, after posting a pre-tax loss of $139.4m in 2022. New documents filed with Companies House also show [...]
Heinz: Price increases help sales near £1bn as inflation battle continues September 9, 2024 Sales at the UK arm of Heinz jumped towards £1bn in 2023 despite volumes decreasing after raising its prices to combat inflation in its costs, new figures have revealed. The London-headquartered division of the US giant has reported a revenue of £967.1m for the 12 months, up from the £899.7m it achieved in 2022, according [...]