Heinz full of beans despite competition

PROFITS have almost doubled at Heinz's UK division despite "strong competition" from competitors in its sauces and beans sectors.

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The London-based arm of the American food giant has posted pretax profits of £191.9 million for 2024, according to fresh filings submitted to Companies House. This figure represents a substantial increase from the £104.1m recorded in 2023.

Nevertheless, while profits climbed, Heinz's UK turnover fell from £967.1m to £952.7m during the same timeframe.

These UK results emerge following The Kraft Heinz Company's announcement earlier this month regarding plans to split into two separate enterprises.