Greencore issues profit warning
International convenience foods producer Greencore has seen its value slump by 30% after it issued a profit warning downgrading its earnings forecast and the restructuring of its US business. The updated outlook for adjusted earnings per share (EPS) for the financial...
Ben & Jerry’s celebrates 40th anniversary
Ben & Jerry’s is marking its 40th anniversary by rolling out a Birthday Cake flavour, supported by a £3.5 million marketing campaign. Ben & Jerry’s was founded by Ben Cohen and Jerry Greenfield in 1978 and is now a wholly-owned subsidiary of Unilever. The...
Waitrose profits slip despite increase in sales
Profits at Waitrose took a 32.1% hit, as the retailer decided not to pass on all cost price inflation to customers, along with investments in “customer experience” for the half year ended 29th July. John Lewis Partnership, which Waitrose is part of, revealed that the...
Soup and bacon sales boosted by ‘Beast from the East’
UK shoppers spent £15 million on soup during recent bad weather, according to IRI supermarket sales data. Sales of bacon and bird feed also offered supermarkets a boost. During the week ending 3rd March 2018, consumers spent £15.4 million on soup in supermarkets – the...
Moy Park and Tayto fined for failing to pay minimum wage
Moy Park and Tayto are among a number of companies to have been fined for failing to pay minimum wage to workers. A report published by the Government featuring a total of 179 UK businesses has revealed that poultry producer Moy Park failed to pay £33,500 to 338...
