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Tag: Heinz

Kraft Heinz shares plummet with huge profit loss

Kraft Heinz shares plummet with huge profit loss

Business
US foods giant Kraft Heinz saw its shares plummet by more than quarter after posting a huge losses and revealing it was the focus of a federal investigation.The $ 12.6bn (£9.7bn) hit reported in the latest quarter by the company, which makes iconic products like tomato ketchup and baked beans, is in contrast to the $ 8bn (£6.1bn) profit recorded for the same period last year. It reflects changes in consumer trends away from processed foods to healthier alternatives, which has clashed directly with some of the firm's most well-known products, such as Jell-O, Kool-Aid and Oscar Mayer hot dogs. Image: The company has slashed the value of its most well-known brands The loss has been largely blamed on the company slashing the val...
Heinz Wolff, Great Egg Race presenter and scientist, dies

Heinz Wolff, Great Egg Race presenter and scientist, dies

Science
Media playback is unsupported on your deviceRenowned scientist and TV presenter Heinz Wolff has died, aged 89.The German-born inventor and professor, famed for hosting BBC Two's long-running science show The Great Egg Race, died of heart failure on 15 December, his family said.A former advisor to the European Space Agency, he became emeritus professor at London's Brunel University, working on projects linked to ageing populations. His son Laurence paid tribute to his humour, curiosity, and enthusiasm.Speaking to BBC News, Laurence Wolff said his father had "touched so many people through his ingenuity in terms of his inventing... and his great belief in educating about science and technology".He had a "natural sense of fun and he knew that was also a way of engaging people... People would ...