Trustpilot shares rebound after short seller attacks ‘mafia-style’ practices Tech Consumer review website Trustpilot has seen its share price rebound after being forced to deny allegations from a US short-selling firm that likened its business model to a ‘mafia-style extortion racket’. Shares rose 9.7 per cent in early morning trading to 141.8p, bouncing back after £200m was wiped off the company’s market value yesterday following [...]
Hellofresh sinks further into the red as 900 UK jobs lost Business The UK arm of Hellofresh has sunk deeper into the red as its sales were cut during its latest financial year, it has been revealed. The division has reported a pre-tax loss of £19.5m for 2024, new accounts filed with Companies House show. The latest figure comes after Hellofresh posted a loss of £755,000 in [...]
Mindful Chef: HelloFresh and Gousto rival returns to profit Business Mindful Chef, the meal kit business and rival to the likes of HelloFresh and Gousto, has surged back into the black and posted its first profit since 2021. The London-headquartered business has reported a pre-tax profit of £10.8m for 2024, up from the £1.7m loss it made in the prior 12 months. It also lost [...]
Hellofresh: Profit hike expected as cost-cutting drive extended March 11, 2025 Hellofresh has warned that its sales are set to fall this year but that its profit is expected to rise as it extended its cost-cutting drive. The recipe box delivery company, which is headquartered in Germany, said its cost-cutting programme, which was announced in the second half of 2024, would be extended until 2026. Hellofresh [...]
Hellofresh puts 900 UK jobs at risk as major site set to be closed October 30, 2024 Hellofresh has revealed plans to close one of its major UK sites in a move which has put 900 jobs at risk. The recipe box delivery company has said the Nuneaton distribution centre would remain operational until the middle of 2025 if the proposals are approved. The 237,000 sqft building was Hellofresh’s second site when [...]
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.
