Author: Sam Allcock

In a notable leadership transition, JDE Peet’s, the company behind renowned tea and coffee brands, has appointed Rafael Oliveira, a former executive at Kraft Heinz, as its new Chief Executive Officer.Rafael Oliveira is set to commence his role at JDE Peet’s on the 1st of November, assuming the position after former CEO Fabien Simon was compelled to resign in March due to declining profits and sales. This appointment follows a period of interim leadership for the company, which had been endeavouring to stabilise its operations.JDE Peet’s, which boasts a diverse portfolio including well-known grocery brands such as Kenco, L’Or, and…

The UK hospitality industry is at a critical juncture as business rates could quadruple by spring 2024.Without government intervention, relief from business rates will end, costing the sector £914 million.170 industry leaders, including major pub chains and high street venues, call for Chancellor action.UKHospitality warns of potential closures and a surge in vacancy rates across high streets.Reform is needed to prevent harming the government’s growth agenda and local community investment.The UK hospitality sector is bracing for a significant financial challenge as business rates are set to increase fourfold in spring 2024. Industry leaders are urging Chancellor Rachel Reeves to act…

In a strategic move aimed at revitalising its operations, JDE Peet’s, the owner of renowned coffee brands such as Kenco, L’Or, and Tassimo, has appointed Rafael Oliveira, a veteran executive from Kraft Heinz, as its new Chief Executive Officer.Oliveira is set to commence his role on 1 November, succeeding Fabien Simon, who exited the company in March after a notable decline in financial performance. Over the interim period, the company has been led by two temporary CEOs, awaiting a more permanent strategic direction.Under Oliveira’s leadership, JDE Peet’s aims to enter ‘a new and exciting phase’, as articulated by its chairman,…

Aldi is implementing new labels on chicken products to improve transparency about stocking density.The initiative underscores Aldi’s commitment to animal welfare by increasing chicken space by 20% over industry standards.Aldi’s decision follows its earlier move to cease selling eggs from caged hens, achieving cage-free targets ahead of schedule.The changes align with Lidl’s similar commitment to enhancing chicken welfare, setting new industry benchmarks.Julie Ashfield of Aldi emphasises the importance of animal welfare in these developments.Aldi is introducing updated packaging for its fresh chicken products, signalling its commitment to improved animal welfare. From 30th October, consumers will notice new labels that provide…

Amazon is set to release its third-quarter earnings report on October 31, 2024. The focal point is whether Amazon’s stock can reach the notable $200 mark before this announcement.Market analysts are eagerly watching Amazon, particularly its AWS division, as it remains a major profit driver. The company has made strategic shifts towards higher-margin services, making the anticipation even stronger for the upcoming earnings.Expectations for Amazon’s Q3 Earnings ReportAmazon Web Services (AWS) is anticipated to play a pivotal role in Q3, contributing significantly to Amazon’s profitability. Despite optimism around AWS’s potential, there are concerns about its decreasing margins, which fell from…

The UK hospitality industry is on the verge of a significant financial challenge, as business rates are expected to increase fourfold in spring 2024.Industry leaders warn of a £914 million burden on the sector if government relief ends as planned.A coalition of 170 business leaders has urged the Chancellor to implement a permanent reduction in business rates.Without intervention, the impending tax hike could lead to widespread closures and economic downturn.UKHospitality and other organisations stress the urgent need for government action to avoid negative impacts on local economies.The UK hospitality sector is poised to face a severe financial challenge, with business…

Lidl is significantly expanding its range of plant-based products due to rising consumer demand.A 12% increase in demand for plant-based items has prompted Lidl to triple its product line.The new Vemondo! Plant Based range will soon be available in selected UK stores, followed by a national rollout.The range will include burgers, sausages, mince, and nuggets as plant-based alternatives.Lidl has set targets for plant-based protein sales as part of its sustainability commitment.In response to a 12% surge in demand for plant-based products, Lidl has committed to significantly increasing its offerings in this category. The expansion forms part of a broader strategy…

Uber Eats UK has seen substantial financial growth over the past year.Turnover increased by 55%, reaching £1.1 billion in 2023.Pre-tax profits rose by 74% to £18.4 million.The company’s workforce expanded to 246 employees, up from 186 the previous year.Challenges remain, including brand reputation risks and legal issues.Uber Eats UK has achieved remarkable financial growth, as reflected in its substantial turnover increase of 55%, elevating to £1.1 billion in 2023. This growth highlights the company’s significant expansion in the takeaway and grocery delivery market, establishing strong partnerships with various restaurants and shops.The company’s pre-tax profits have seen an impressive rise of…

Financial markets are abuzz with speculation following Bank of America’s recent predictions for gold and Bitcoin. The bank forecasts these assets will reach unprecedented highs.Amid shifting economic landscapes, these predictions offer new insights into potential investment trends. Investors are keenly watching for opportunities offered by these market movements.According to a recent report by Bank of America, the Federal Reserve’s upcoming strategic decisions could propel both gold and Bitcoin prices significantly upwards. The bank anticipates this due to expected interest rate cuts aimed at stimulating economic growth. Historically, such moves have tended to bolster asset prices as investors seek reliable hedges…

Add People embarks on an ambitious US expansion with a new Austin office, enhancing service for American clients.The new Austin office aims to address timezone challenges for American clients, focusing on ecommerce and digital services.Cameron Smith leads the Austin team, bringing extensive experience within Add People.The company’s transatlantic move seeks to maintain its award-winning culture and high service standards.Add People’s strategic growth aligns with the dynamic tech environment of Austin.Altrincham’s digital marketing agency, Add People, is making a significant leap by opening a new office in Austin, Texas. This ambitious stateside expansion aims to better cater to the needs of…