British consumers are experiencing a notable rise in the cost of mince pies, a cherished Christmas treat, as a result of a significant shortage in the global sultana supply.The price of mince pies has sharply increased across major UK supermarkets. Tesco, for instance, has seen its premium mince pie packs jump from £2.50 to £3.50, marking a 40% increase. Similarly, other leading supermarkets like Sainsbury’s, Asda, and Morrisons have noted an average price hike of 26% over the past two years, as per data from Assosia reported by The Telegraph.The root of this price surge can be traced back to…
Author: Dave Antrobus
In a move set to revolutionise convenience shopping in London, a well-known delivery service has introduced its new 24/7 ‘Santa Hours’ initiative. This change arrives just in time for the festive season, allowing customers to access essential items at any time of day or night.The delivery firm’s latest initiative extends its operating hours previously limited by a 2am cut-off. A company spokesperson expressed enthusiasm for the new initiative, stating, “We’re thrilled to bring ‘Santa Hours’ to all of London. This expansion reflects our commitment to meeting the evolving needs of our customers, especially during the festive period when convenience matters…
Mondelez, the owner of Cadbury, is reportedly exploring the acquisition of Hershey, a leading US confectionery company. According to sources from Bloomberg, Mondelez has initiated preliminary discussions regarding a potential merger. However, the talks are still in nascent stages and there is no assurance that an agreement will be reached.Mondelez’s interest in Hershey comes amidst contrasting financial performances of the two companies. Hershey recently reported a decline in quarterly sales, which dropped to roughly $3 billion (£2.3 billion), attributed to weakened demand. Conversely, Mondelez’s sales showed resilience, registering almost a 2% increase, rising to $9.2 billion (£7.2 billion).The discussions between…
Experience the chilling return of Danny Boyle’s iconic zombie series with the release of the first trailer for 28 Years Later.Director Danny Boyle and writer Alex Garland are back at the helm for this eagerly awaited sequel.Despite expectations, original star Cillian Murphy is notably absent from the trailer and cast list.The narrative explores a survivor’s perilous journey from a quarantined island to a mainland rife with danger.The film, shot using cutting-edge technology, is slated for release in June 2025.Director Danny Boyle and writer Alex Garland reunite to direct the much-anticipated sequel to their zombie franchise with the release of the…
Boohoo advises shareholders to reject Frasers’ proposal for board changes, citing self-interest motives.Boohoo claims Frasers’ actions are intended to destabilise its leadership team.Previous confrontations with Frasers’ owner, Mike Ashley, underscore Boohoo’s concerns.Ashley’s prior attempts to influence Studio Retail and Asos involvement raise red flags.Boohoo dismisses Ashley and Lennon as unsuitable board candidates, advocating for shareholder protection.Boohoo has officially urged its shareholders to oppose the demands put forward by Frasers Group, which involve appointing Mike Ashley as chairman. The company insists that these actions are driven by Frasers’ self-serving interests rather than the welfare of Boohoo or its stakeholders.In a direct…
Boohoo, the online fashion retailer, has firmly stated it is not seeking conflict as it urges shareholders to oppose Frasers’ call for Mike Ashley as chair.Boohoo accuses Frasers of acting solely in its own commercial interests, causing instability within the company.This is not the first instance of Frasers exerting pressure, with past efforts to influence Studio Retail’s governance.Boohoo remains concerned about Frasers’ significant stake in Asos and dismissive responses to these issues.The fashion giant stands against Frasers’ tactics and rejects proposals for new board appointments.Boohoo, a prominent online fashion retailer, has taken a strong stance against Frasers’ recent attempts to…
Meme Vault, a UK-based Web3 investment firm, has successfully raised £271,000.The funds will assist in establishing operations in the Middle East, specifically Dubai.This marks a strategic shift, as the company moves away from its original AI accelerator plans.The decision reflects confidence in the regulatory environment of the United Arab Emirates.Despite the raised funds, the company’s share value remained stable at 0.019p.Meme Vault, an investment firm listed on the Aquis Exchange, has secured £271,000. This capital will support its move to the Middle East, aiming to establish a subsidiary in Dubai. The choice of Dubai resonates with the city’s favourable regulatory…
In the first half of 2024, Naked Wines has narrowed its pre-tax losses, marking a positive shift for the company amid declining sales.For the 26 weeks concluding on 30 September, the company reported a pre-tax loss of £5.6 million, a significant improvement from the £9.7 million loss recorded in the same period the previous year. However, total sales saw a decline of 15%, amounting to £112.3 million.Naked Wines’ adjusted earnings before interest and taxes (EBIT), excluding inventory costs, decreased by 77% year-on-year, standing at £600,000. Despite these challenges, the retailer’s core membership remains strong, with the customer Net Promoter Score…
Harvey Nichols appoints Kate Benson, former Net-A-Porter director, as chief merchant immediately.Benson brings over seven years of experience from her role in YNAP’s buying teams.The position will leverage Benson’s ability to design and implement high-end product strategies.CEO Julia Goddard praises Benson’s knowledge of global luxury and fashion markets.Benson joins the leadership team amid key changes in luxury and fashion sectors.Harvey Nichols has announced the appointment of Kate Benson as its new chief merchant, effective immediately. With an impressive background at Net-A-Porter, where she served in various buying roles over seven years, Benson’s expertise will now benefit Harvey Nichols. Her last…
Quality Street has made the decision to discontinue its Collisions sharing bar, only a year after it was introduced to much fanfare.The Collisions bar, which offered a unique combination of the popular ‘The Purple One’ and ‘Green Triangle’ flavours, has been officially pulled from production. This was confirmed following a query from a consumer on X, previously known as Twitter, who expressed difficulty in finding the beloved chocolate bar, stating that it was their favourite. Quality Street responded, “Unfortunately, it wasn’t as popular as others in the range, so it has been discontinued.”This announcement has disappointed fans, with many taking…