Meal replacement company Huel has seen a significant increase in profits, with pre-tax profit almost tripling to £13.8mn and revenues growing 16% to £214mn. The brand has expanded its customer base beyond tech bros, now appealing to urban professionals, parents, and weight-loss drug users, thanks to its move into supermarkets and new product categories. Huel’s range now includes snack bars, hot and savoury meals, and ready-to-drink bottles, driving its growth and popularity among both men and women. Despite previous plans for an IPO, Huel is now self-funding and focused on expanding its business with long-term committed shareholders, making it an attractive prospect for multinational consumer goods companies looking to scale internationally.
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Why Tesla Stock Surged Higher Friday
Tesla (NASDAQ: TSLA) stock experienced a significant increase, surging as much as 5% due to investor optimism surrounding its upcoming display of fully autonomous driving technology, set to be revealed in less than a month. Despite not having any fully driverless vehicles currently on the road, Tesla's stock has gained nearly 10% over the last month, partly fueled by a recent partnership announcement from competitor Waymo, which may suggest that Tesla holds a competitive edge...
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