Applied Nutrition looks at move to US production to reduce tariffs impact
Applied Nutrition has said it could move the production of some of its products to the US to avoid future tariff costs as the brand revealed higher sales on the back of surging demand in the UK.
Bosses added that they see more growth opportunities internationally, particularly in countries such as Canada which have been heavily affected by the tariff programme.
However, shares in the sports nutrition and health business fell as it also revealed a drop in profits for the past half-year.
The company, which floated on the London Stock Exchange last year with a £350 million valuation, saw revenues increase by 4.8% to £47.6 million for the six months to January.
It said this is ahead of its forecasts at the time of its stock market listing, with the business on track to meet its full-year revenue guidance of £100 million.
The Coleen Rooney-backed firm said trading in more recent weeks has remained 'strong', with record revenues in March.
As a result, the Liverpool-based company held firm on its profit and cash flow forecasts for the year.
Applied Nutrition stressed on Monday that it 'does not expect to be materially impacted' by changes to US tariffs, after President Donald Trump confirmed a blanket 10% tariff for goods imported to the US from countries including the UK.
Nevertheless, the business said it has 'a number of options open to it to mitigate impact, such as moving production of liquid products currently produced in the UK to being manufactured in the US'.
Group chief finance officer Joe Pollard told the PA news agency the business currently has 'limited exposure' to the US but highlighted that there could be some positives from the tariffs rules.
'The US is less than 10% of our revenues but I also think, in some other regions, it means there is an opportunity there,' he said.
'It gives us a lot of opportunity in countries like Canada where they are looking to source from companies in the UK where they may have previously used a US supplier.'
Meanwhile, the company said its profitability is set to be boosted by efforts to drive efficiencies, including a recent factory extension.
It added that it does not expect a material impact from a recent jump in whey protein prices, as it manages its cost base.
It came as the firm reported that pre-tax profits slipped by 26.7% to £11.8 million for the past six months.
Shares in the business were down 3.6% on Monday.
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Jetstar Asia closure: Some customers confused, frustrated by poor communication; Air India plane crashes at Ahmedabad airport in India: Singapore live news
The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. An Air India plane crashed at India's Ahmedabad airport, said the police and the airline on Thursday (12 June). There were no details on fatalities from the crash but it was reported that there were more than 200 people on board the flight. Air India said that the flight was headed to Gatwick airport in London and that the plane was "involved in an incident". "At this moment, we are ascertaining the details and will share further updates," they said on X. Read more in our live blog below, including the latest local and international news and updates. An Air India plane crashed at India's Ahmedabad airport, said the police and the airline on Thursday (12 June). There were no details on fatalities from the crash but it was reported that there were more than 200 people on board the flight. Air India said that the flight was headed to Gatwick airport in London and that the plane was "involved in an incident". "At this moment, we are ascertaining the details and will share further updates," they said on X. Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on and on our X handle ( India… — Air India (@airindia) June 12, 2025 The crash occurred when the aircraft was taking off, television channels reported. Visuals showed debris on fire, with thick black smoke rising up into the sky near the airport. Police officers shared that the plane crashed in a civilian area near the airport. For more on the Air India plane crash, read here. Pop sensation Sabrina Carpenter has surprised fans with the announcement of her seventh studio album, Man's Best Friend, set for release on 29 August, 2025. Carpenter shared the news on Instagram on Wednesday (11 June) along with a photo of her on hands and knees in a black mini dress and black heels. Meanwhile, a man, which is cut out of the photo, is grabbing a her hair. View this post on Instagram A post shared by Sabrina Carpenter (@sabrinacarpenter) Man's Best Friend follows the success of her previous album Short n' Sweet – and the hit song Espresso – which earned her a Grammy for Best Pop Vocal Album earlier this year. The lead single, Manchild, dropped on 5 June, showcasing Carpenter's signature blend of synth-pop and introspective lyrics. For more on Sabrina Carpenter's new album, read here. A Singaporean woman was sentenced to six months' jail in Taiwan for stalking and harassing Golden Melody Award-winning singer Olivia Tsao Ya-wen. Cassandra Low, a woman in her 30s, was identified in a court judgment by the New Taipei District Court. The court found her guilty of endangering Tsao's personal safety, stalking and harassing her, and also publicly insulting the singer. It was reported that Low was a long-time admirer of Tsao and both parties have exchanged personal e-mails and messages over Facebook and Instagram since November 2023. However, the relationship soured after Tsao blocked Low on social media, with the latter issuing threats. In one Facebook post, Low wrote, "I can be very aggressive. The more stubborn she is... don't blame me for whatever I do to her parents." For more on the Olivia Tsao stalking incident, read here. Les Miserables The Arena Spectacular is coming to the Sands Theatre in Singapore in March 2026. The record-breaking concert tour is an expanded version of the Les Miserables The Staged Concert, and features an extraordinary and exciting new design specifically created for larger venues with a cast and orchestra of over 65. UOB cardmembers will have priority pre-sales with a 20 per cent discount. The first starts on Monday (23 June) at 10am, exclusively on Klook. The second will be on Tuesday (24 June) at 10am, and will be available through Marina Bay Sands Ticketing, SISTIC and Klook. Non-UOB cardmembers can sign up for the waitlist now to gain access to the waitlist pre-sale that will start on Tuesday (24 June) 10am. There will be a 15 per cent discount during this pre-sale. The public sale will start on Thursday (26 June) at 12pm, and will be available through Marina Bay Sands Ticketing, SISTIC and Klook. There will be a 10 per cent early bird discount. The concert tour just wrapped up its Australia dates and have now moved to Asia. It opens in Taiwan on Thursday (12 June), with its next stops being Japan and China. Cast details for the Singapore leg of the concert tour have yet to be confirmed or revealed. An Australian man was arrested after he allegedly shoplifted twice in the transit area of Changi Airport Terminal 1. On 11 June, the police said in a statement that they were alerted to a case of shop theft at a duty-free Shilla Cosmetics and Perfumes store at about 11.30pm. Investigations revealed that a man allegedly took a display bottle of facial product, valued at $466, and left without paying. Officers from the Airport Police Division identified the man and he was arrested on 1 June. Police also believe that the man is involved in another case of shop theft, also at Shilla Cosmetics and Perfumes, that occurred on 27 May. For more on the man's alleged shop theft spree, read here. An 85-year-old woman died after an accident involving a Comfort taxi near Kallang MRT on 10 June. The police were alerted at 10.35am to the accident on Lorong 1 Geylang towards Upper Boon Keng Road. The woman was unconscious and brought to Tan Tock Seng Hospital by the Singapore Civil Defence Force where she died. The 68-year-old male driver has been arrested for careless driving causing death, said the police on 11 June. For more on the accident near Kallang MRT, read here. More than 55,000 Palestinians have died in the Israel-Hamas conflict, according to Gaza health authorities. Local hospitals said that at least 21 people were killed on their way to provide aid at distribution centres. The cause of death for victims near the site are unclear, but the Israeli army said on Wednesday that it fired warning shots at "suspects" that posed a threat to troops. The numbers by the Gaza Health Ministry doesn't distinguish between civilians and combatants, and they said that women and children make up more than half the 55,000 dead. The war, which erupted on 7 Oct 2023 after a surprise Hamas attack, continues unabated despite international calls for a ceasefire. Israel's military maintains that operations are targeting militants, and blamed them for hiding among civilians. For more on the Israel-Hamas war death toll, read here. Trade talks between the US and China aimed at cooling tensions have ended in a deal, said US President Donald Trump. He shared that China will supply US companies with magnets and rare earth metals while the US will walk back its threats to revoke visas of Chinese students. "Our deal with China is done, subject to final approval from President Xi and me," wrote Trump on Truth Social. The talks were held over two days in London, starting from Monday (9 June) to address the conflicts that had emerged since the truce between both parties started in May. Details about the new agreement with China are limited, with White House press secretary Karoline Leavitt saying that Trump is reviewing it. "But what the president heard, he liked," she added. Treasury Secretary Scott Bessent, who was testifying before Congress on Wednesday, said the talks were more narrowly focused and a comprehensive deal will require more time to flesh out. For more on the US-China trade deal, read here. Taiwan was struck by an earthquake on Wednesday (11 June) evening, with the quake hitting seconds after cell phone alarms went off at 7.01pm. The quake about 71 kilometres south of Hualien City. According to the United States Geological Survey, the quake had a magnitude of 5.9 and was detected at a depth of 31.1 kilometres. Taiwan's Central Weather Administration gave the magnitude as 6.4. However, such differences are common considering the differences in sensitivity and detector locations. Buildings in Taipei shook for about a minute, and there were no immediate reports of damage. A firefighter in Chenggong told AFP that when the quake hit, "the computer screen and fan shook heavily". He added, "It was much stronger than previous quakes. I immediately thought about running outside." For more on the Taiwan earthquake, read here. The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. Hence, he thought his two planned trips in July – one to Bangkok, another to Okinawa - would not be affected. On Wednesday morning, though, he received an email confirming that his trip to Bangkok was cancelled, so he made plans to book another flight. Daniel said the email also included his "specific booking reference". Yet, when his friend called the Jetstar Asia's hotline, they were told the flight was still going ahead as planned. He now feels uncertain about his flight to Okinawa and it's not clear which flights would be cut from Jetstar Asia's schedule before it closes. 'I'm wondering, when would they tell me about it? Or how late would they tell me about it?' For more on how customers are affected by the Jetstar Asia closure, read here. An Air India plane crashed at India's Ahmedabad airport, said the police and the airline on Thursday (12 June). There were no details on fatalities from the crash but it was reported that there were more than 200 people on board the flight. Air India said that the flight was headed to Gatwick airport in London and that the plane was "involved in an incident". "At this moment, we are ascertaining the details and will share further updates," they said on X. Flight AI171, operating Ahmedabad-London Gatwick, was involved in an incident today, 12 June 2025. At this moment, we are ascertaining the details and will share further updates at the earliest on and on our X handle ( India… — Air India (@airindia) June 12, 2025 The crash occurred when the aircraft was taking off, television channels reported. Visuals showed debris on fire, with thick black smoke rising up into the sky near the airport. Police officers shared that the plane crashed in a civilian area near the airport. For more on the Air India plane crash, read here. Pop sensation Sabrina Carpenter has surprised fans with the announcement of her seventh studio album, Man's Best Friend, set for release on 29 August, 2025. Carpenter shared the news on Instagram on Wednesday (11 June) along with a photo of her on hands and knees in a black mini dress and black heels. Meanwhile, a man, which is cut out of the photo, is grabbing a her hair. View this post on Instagram A post shared by Sabrina Carpenter (@sabrinacarpenter) Man's Best Friend follows the success of her previous album Short n' Sweet – and the hit song Espresso – which earned her a Grammy for Best Pop Vocal Album earlier this year. The lead single, Manchild, dropped on 5 June, showcasing Carpenter's signature blend of synth-pop and introspective lyrics. For more on Sabrina Carpenter's new album, read here. A Singaporean woman was sentenced to six months' jail in Taiwan for stalking and harassing Golden Melody Award-winning singer Olivia Tsao Ya-wen. Cassandra Low, a woman in her 30s, was identified in a court judgment by the New Taipei District Court. The court found her guilty of endangering Tsao's personal safety, stalking and harassing her, and also publicly insulting the singer. It was reported that Low was a long-time admirer of Tsao and both parties have exchanged personal e-mails and messages over Facebook and Instagram since November 2023. However, the relationship soured after Tsao blocked Low on social media, with the latter issuing threats. In one Facebook post, Low wrote, "I can be very aggressive. The more stubborn she is... don't blame me for whatever I do to her parents." For more on the Olivia Tsao stalking incident, read here. Les Miserables The Arena Spectacular is coming to the Sands Theatre in Singapore in March 2026. The record-breaking concert tour is an expanded version of the Les Miserables The Staged Concert, and features an extraordinary and exciting new design specifically created for larger venues with a cast and orchestra of over 65. UOB cardmembers will have priority pre-sales with a 20 per cent discount. The first starts on Monday (23 June) at 10am, exclusively on Klook. The second will be on Tuesday (24 June) at 10am, and will be available through Marina Bay Sands Ticketing, SISTIC and Klook. Non-UOB cardmembers can sign up for the waitlist now to gain access to the waitlist pre-sale that will start on Tuesday (24 June) 10am. There will be a 15 per cent discount during this pre-sale. The public sale will start on Thursday (26 June) at 12pm, and will be available through Marina Bay Sands Ticketing, SISTIC and Klook. There will be a 10 per cent early bird discount. The concert tour just wrapped up its Australia dates and have now moved to Asia. It opens in Taiwan on Thursday (12 June), with its next stops being Japan and China. Cast details for the Singapore leg of the concert tour have yet to be confirmed or revealed. An Australian man was arrested after he allegedly shoplifted twice in the transit area of Changi Airport Terminal 1. On 11 June, the police said in a statement that they were alerted to a case of shop theft at a duty-free Shilla Cosmetics and Perfumes store at about 11.30pm. Investigations revealed that a man allegedly took a display bottle of facial product, valued at $466, and left without paying. Officers from the Airport Police Division identified the man and he was arrested on 1 June. Police also believe that the man is involved in another case of shop theft, also at Shilla Cosmetics and Perfumes, that occurred on 27 May. For more on the man's alleged shop theft spree, read here. An 85-year-old woman died after an accident involving a Comfort taxi near Kallang MRT on 10 June. The police were alerted at 10.35am to the accident on Lorong 1 Geylang towards Upper Boon Keng Road. The woman was unconscious and brought to Tan Tock Seng Hospital by the Singapore Civil Defence Force where she died. The 68-year-old male driver has been arrested for careless driving causing death, said the police on 11 June. For more on the accident near Kallang MRT, read here. More than 55,000 Palestinians have died in the Israel-Hamas conflict, according to Gaza health authorities. Local hospitals said that at least 21 people were killed on their way to provide aid at distribution centres. The cause of death for victims near the site are unclear, but the Israeli army said on Wednesday that it fired warning shots at "suspects" that posed a threat to troops. The numbers by the Gaza Health Ministry doesn't distinguish between civilians and combatants, and they said that women and children make up more than half the 55,000 dead. The war, which erupted on 7 Oct 2023 after a surprise Hamas attack, continues unabated despite international calls for a ceasefire. Israel's military maintains that operations are targeting militants, and blamed them for hiding among civilians. For more on the Israel-Hamas war death toll, read here. Trade talks between the US and China aimed at cooling tensions have ended in a deal, said US President Donald Trump. He shared that China will supply US companies with magnets and rare earth metals while the US will walk back its threats to revoke visas of Chinese students. "Our deal with China is done, subject to final approval from President Xi and me," wrote Trump on Truth Social. The talks were held over two days in London, starting from Monday (9 June) to address the conflicts that had emerged since the truce between both parties started in May. Details about the new agreement with China are limited, with White House press secretary Karoline Leavitt saying that Trump is reviewing it. "But what the president heard, he liked," she added. Treasury Secretary Scott Bessent, who was testifying before Congress on Wednesday, said the talks were more narrowly focused and a comprehensive deal will require more time to flesh out. For more on the US-China trade deal, read here. Taiwan was struck by an earthquake on Wednesday (11 June) evening, with the quake hitting seconds after cell phone alarms went off at 7.01pm. The quake about 71 kilometres south of Hualien City. According to the United States Geological Survey, the quake had a magnitude of 5.9 and was detected at a depth of 31.1 kilometres. Taiwan's Central Weather Administration gave the magnitude as 6.4. However, such differences are common considering the differences in sensitivity and detector locations. Buildings in Taipei shook for about a minute, and there were no immediate reports of damage. A firefighter in Chenggong told AFP that when the quake hit, "the computer screen and fan shook heavily". He added, "It was much stronger than previous quakes. I immediately thought about running outside." For more on the Taiwan earthquake, read here. The Jetstar Asia closure has left some customers confused and frustrated over conflicting information, or a lack thereof. The Singapore-based airlines, operated by Qantas Group, announced on Wednesday (11 June) morning that it would be ceasing operations from 31 July. They added that Jetstar Asia flights would be operating with a "progressively reduced schedule". For a customer identified as Daniel, he told CNA that he didn't realise the schedule would be "progressively reduced" prior to its closure. Hence, he thought his two planned trips in July – one to Bangkok, another to Okinawa - would not be affected. On Wednesday morning, though, he received an email confirming that his trip to Bangkok was cancelled, so he made plans to book another flight. Daniel said the email also included his "specific booking reference". Yet, when his friend called the Jetstar Asia's hotline, they were told the flight was still going ahead as planned. He now feels uncertain about his flight to Okinawa and it's not clear which flights would be cut from Jetstar Asia's schedule before it closes. 'I'm wondering, when would they tell me about it? Or how late would they tell me about it?' For more on how customers are affected by the Jetstar Asia closure, read here.
Yahoo
24 minutes ago
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The White House Wants the Megabill by July 4. For Real.
House and Senate Republicans spent Thursday at each other's throats over President Donald Trump's 'big, beautiful bill.' The sparring between the two chambers reached a point where members were openly scoffing at the GOP's self-imposed July 4 deadline for passing the bill. Down Pennsylvania Avenue, meanwhile, the White House isn't sweating. In fact, Trump's aides are downright bullish about getting the megabill wrapped up in a bow for a presidential signature by Independence Day. 'We are targeting the week of July 4 for final passage,' said one of two Trump administration officials I spoke to Wednesday and granted anonymity to candidly describe the private talks. Let's be clear: The timeline is extraordinarily fast. Not only does Senate Majority Leader John Thune have to find a way to bridge competing demands inside his conference and weather a grueling amendment 'vote-a-rama,' but he also has to work with Speaker Mike Johnson, who is already groaning at every change being entertained for the bill that barely passed his chamber last month. Traditionally, getting the two chambers aligned on a single piece of complicated legislation means weeks of 'conferencing' — that's what happened in 2017, the last time Republicans pursued a party-line tax bill. This time, the legislation is even more complicated and the margins even thinner. But White House officials are adamant that GOP leaders skip that step. Nor do they want the House making more changes after the Senate, requiring another 'pingpong' back across the Rotunda. They expect the Senate to clear a bill that the House can simply plop on the floor, pass and send to Trump's desk. 'There's not going to be a pingpong or a conference,' the official told me yesterday. Can they really do that in just three weeks? Some Republicans are skeptical, to say the least. Sen. John Curtis of Utah said 'a lot of us would be surprised' if the July 4 deadline holds at the POLITICO Energy Summit Tuesday. And during a Punchbowl News event Wednesday, Sen. Ted Cruz of Texas said that while the Senate might be able to finish on time, it could take another month to negotiate with the House. 'The Senate is going to do what it damn well wants to do,' he said. OK, senator: Go tell that to Donald Trump. Some of the president's allies on the Hill are already dreaming up a snazzy Rose Garden celebration to ring in both Independence Day and the enactment of the 'big, beautiful bill.' (At least that's what one well-placed GOP congressional aide predicted to me this week.) The recent history of the megabill is fueling the administration's confidence. Political prognosticators scoffed at Johnson's self-imposed Memorial Day target for House passage, predicting the warring factions in his conference would make that deadline an impossibility. But Trump swooped in and muscled the bill through by sheer force, strong-arming moderate holdouts and bringing conservatives to heel. And White House officials are sure he can do it again. Administration aides are well aware of the work left to be done. Senate Republicans are already moving to throw a major wrench in the negotiations by upending two key provisions that were essential to winning the support of rival blocs in the House. Senate Finance Chair Mike Crapo told his colleagues Wednesday he plans to deliver on a personal priority that's highly desired by members of his panel: making key business tax breaks permanent. To do it, he's ready to scale back the House's $40,000 cap on the state-and-local-tax deduction — a key factor in winning the support of blue-state GOP holdouts. And to manage desires elsewhere in the Senate GOP, Crapo also hinted he'll elongate the phase-out time for some clean-energy tax breaks enacted under former President Joe Biden — a huge no-no for House Freedom Caucus members, who made their quick repeal a must in exchange for their votes. That means Trump is about to find himself in a familiar spot — playing referee between the chambers — and his team knows it. He could start blowing the whistle as soon as Thursday, when he meets with Thune and Crapo at the White House. There's good reason to think that Trump will ultimately be able to impose his will on the unruly GOP lawmakers. There were signs he was already doing so this week, after rumblings emerged about some Senate Republicans wanting to scale back Trump's tax priorities in order to pay for the business tax provisions. Trump's campaign pledges to exempt tips, overtime pay and Social Security from income taxes made it into the House bill at a cost of $230 billion, according to a Joint Committee on Taxation score. Scrapping or scaling back any of those provisions could have been a huge boon to Senate tax writers. But the White House made clear behind the scenes that would be a no-go: 'We're not willing to entertain any scaling back of our signature promises,' a second Trump administration official said. 'You're not going to rock the president's commitments to the voters to pay for [business] expensing in the out years.' On Tuesday, Thune made it clear to reporters that Trump's priorities would stay — words the White House welcomed. So don't expect much stomach inside the GOP for bucking Trump's wishes over the coming weeks. It's telling that, as I was told, none of the Senate Finance Republicans who met with Trump last week raised the issue of shrinking his tax wish list during their White House skull session. That just underscores how no one — not even senators who get six-year terms and have historically relished their independence — wants to tell the most powerful man in the world: Please, Mr. President, we'd like to water down your campaign promises to substitute one of our own. 'I think ultimately a lot of members are wish-casting different structures to permit more of their own priorities, and certainly that's something that senators are welcome to do,' the first official said. But 'the president's priorities are not negotiable in this process.'
Forbes
29 minutes ago
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U.S. Futures Drop As Trump Says He'll Set Unilateral Tariffs In 2 Weeks
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