The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
'Baseball Furies' newest member :)
So you don't think UK will be 2nd from bottom for growth?
And 3rd from top by 2025
The governor of the Bank of England has signalled the UK is still on course for an interest rate cut as official figures show a further easing in the pace of price growth in the economy.
Andrew Bailey was speaking hours before the Office for National Statistics (ONS) revealed that the consumer prices index (CPI) measure of inflation slowed to 3.2% in the 12 months to March - the weakest level for two-and-a-half years.
IMF says the UK will be the fastest-growing major economy in Europe next year
Inflation has fallen sharply from its peak of over 11 per cent, and the Bank of England is expected to start cutting interest rates later this year, which should support a recovery.
https://uk.finance.yahoo.com/news/imf-forecast-uk-inflation-142644841.html
The International Monetary Fund expects UK inflation to fall faster than initially predicted, but this could impact economic growth.
According to the IMF, inflation will average 2.5 per cent over 2024 before dropping to the two per cent target in 2025.
Inflation falls to 3.2%
Inflation has eased to 3.2% down from 3.4%, official figures from the Office for National Statistics show, the lowest level since 2021.
Economists had predicted the figure, which covers the month of March, would fall to 3.1%.
While the news will be welcomed by many, it is important to remember that this doesn't mean prices are coming down - they are just rising slower.
All eyes will now turn to decision-makers at the Bank of England as they prepare to consider cutting interests rates next month.
Grant Fitzner, chief economist at the ONS, said: "Inflation eased slightly in March to its lowest annual rate for two and a half years.
"Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago.
"Similarly to last month, we saw a partial offset from rising fuel prices."
https://news.sky.com/story/money-blog-news-latest-consumer-financial-inflation-employment-rights-maternity-leave-cost-of-living-13040934
Vector Consumer currently owns beauty supplement brand Solv as well as Liverpool FC’s officially licensed sports nutrition and wellness supplement range targeted at the Asian market.
“It's an incredibly significant time for Vector Consumer and what we plan to offer to our industry,” Banks-Crompton said.
“The addition of Pura Collagen and its team will allow us to make further exciting acquisitions in our space.”
https://cosmeticsbusiness.com/supplement-brand-pura-collagen-acquired-by-vector-consumer
Although the potential acquisitions were not disclosed, it is expected they will expand Vector Consumer's skin care and home spa offering.
Looks like APH01 has replaced GTC :)
All very boring and offering nothing new to this board
City2surf is the Worlds Largest Fun Run
https://city2surf.com.au/
https://www.linkedin.com/posts/myprotein_city2surf-sydney-bondibeach-activity-7186003160870604800-XnMp?utm_source=share&utm_medium=member_desktop
We’re excited to share that Myprotein is now the Official Performance Supplement Partner of City2Surf.
With 53 years of heritage under its belt, the iconic City2Surf is the largest fun run in the world. A 14km event running from Sydney’s CBD to Bondi Beach, participants can walk, sprint or jog alongside hundred’s of others in the name of charity.
We’re thrilled to sponsor the event, fuelling participants every step of the way!
This partnership with City2Surf represents a step forward in building our brand awareness locally and reinforcing our position as an accessible sports nutrition brand in Australia, no matter your level of experience or goal.
See you on 11th August 2024!
hashtag#City2Surf hashtag#sydney hashtag#bondibeach hashtag#myprotein
@Polishcrap check the date on your link, covid is what happened and all flights were scrapped.
THG is shipping 50 tonnes of product to Japan daily and 150 tonnes during peak periods, that is nothing to be scoffed at.
They deal with over 250 global carriers so can pick and choose the best deals without having to maintain expensive aircraft.
Or the celsius shareholders that got x11
Sheila THG isn't going bust so why spout such crap
Looks like Lucy Gorman might have got her way and got some dosh for some offline marketing :)
Look out for us on All 4, Netflix, Prime & More
https://www.linkedin.com/posts/lookfantastic%2Ecom_were-starting-a-chain-reaction-this-season-activity-7185650117410988032-FDzB?utm_source=share&utm_medium=member_desktop
We’re starting a chain reaction this season with the launch of our new campaign, empowering our customers to not just 𝑙𝑜𝑜𝑘 fantastic but to 𝑓𝑒𝑒𝑙 it too. Because when you feel FANTASTIC, you don’t just keep it to yourself – you pass it on!
Featuring our most coveted brands, including Sol de Janeiro, Kérastase, Yves Saint Laurent Beauty, and NARS Cosmetics, discover the very best of summer beauty that’s too good to gatekeep: from dermatologist approved skincare and viral bodycare sensations, to the fragrances guaranteed to deliver compliments.
Look out for us on All 4, Netflix, Prime & more.
Don’t just LOOKFANTASTIC, feel it
Discover the new campaign here: https://bit.ly/4cOWdix
THG likes this :)
https://www.linkedin.com/feed/update/urn:li:activity:7185583775349665793?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7185583775349665793%29
This morning I had the pleasure of launching the newest addition to the Heinz to Home website: the limited-edition Heinz Classic Barbiecue Sauce 🩷
In collaboration with Mattel, we’ve crafted a sauce that embodies the essence of Barbie’s 65th Anniversary celebration. Think mayo and BBQ sauce with the addition of beetroot extract to achieve the iconic pink colour.
Well done Kraft Heinz team for making this launch possible… stay tuned for more exciting collaborations to come on Heinz to Home🍅
THG Ingenuity drives growth for No.7 in the US and the UK
https://www.linkedin.com/posts/thgingenuity_thgingenuity-no7-internationalisation-activity-7184490080315572224-7CnG?utm_source=share&utm_medium=member_desktop
https://www.thgingenuity.com/resources/case-studies/thg-ingenuity-drives-growth-for-no-7-in-the-us-and-the-uk?utm_source=linkedin&utm_medium=organic-social&utm_campaign=Beauty&utm_content=case+study
What did No.7 achieve with THG Ingenuity? Brand awareness in the US and marketing channel optimization in both markets led to higher engagement, loyalty program success, and overall revenue growth. Read the full case study for their digital success story.
AVERAGE ORDER VALUE +36%
CONVERSION RATE +45%
ORDER VOLUMES +15%
Interesting Watch - Fulfillment in Focus - 3 days deliver anywhere in the World
https://www.linkedin.com/posts/activity-7185907261859332096-MNfM/?utm_source=share&utm_medium=member_android
Will Dubai become the ecommerce epicentre in the future? 💭
With THG Ingenuity's operational arm hashtag#FulfilbyTHG currently delivering customer orders in a blended 3 day delivery time, via only 13 well positioned warehouses globally, we recently invited Dennis Lister, Senior Vice President of Product & Innovation from Emirates SkyCargo to THG Studios, to discuss the intricacies of global supply chain from a few angles.
Emirates Sky Cargo is located at the centre of one of the top gateways in the world; Dubai. The conversation gets interesting as we get totally side tracked talking about the movement of supercars, diamonds, gold, and with Emirates being the life support for the global flower trade industry - it's fascinating stuff.
THG's global partnership network is critically chosen to keeping the FulfilbyTHG proposition moving and over delivering on every customer promise, globally.
See a short video of the conversation below on the topic of Globalisation.
Thanks to our sponsors of the FulfilbyTHG video series: AutoStore™
THG Revenue By Territory
FY21 USA 19%
FY22 USA 20%
FY23 USA 18%
Lots of scope to grow this business in America hence Williams partnership and Vegas show looking to see this percentage grow for FY2024
Sheila little steps, I remember when the Iceland deal was first announced and they got a few SKUs in there and all the naysayers said it wouldn't work and yet here we are from £0m to £50m revenue in no time at all.
Revenue from Myprotein products sold under licensing arrangements scaled rapidly to over £36m (FY 2022: c.£2m). Under these arrangements, our licensing partners record the revenue from products sold i.e. £36m, with THG Nutrition receiving a royalty payment.
With a Q1 2024 revenue of circ £50m already this sector is showing exponential growth and shows no sign of stopping :)
Here is a link to the Marvel - MyProtein Insta promo video for those who haven't seen it
https://www.instagram.com/stories/myprotein/3346795808094033284/?igsh=MTl3N3hsdzB0MWF1OA
I like the idea that THG is now working with Costco USA, they have 604 stores across America and this tie-in with Marvel could be very productive. Imagine a Costco 'Spiderman Man' MyProtein Pizza selling in all their USA stores :)
I think the elephant in the room is trying to explain how a company 'Applied Nutrition', with a PROJECTED revenue of £100m, projected meaning they aren't earning £100m yet is being valued at 333% more than a company 'THG Nutrition' that is MAKING £100m IN PROFIT from revenue of £658M.
That is properly fooked up :)