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The Latest Breaking News from Paul Kenny

Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits

The lawsuit accuses former controlling shareholder Thai Union of orchestrating the ploy to boost its seafood business.

Fortune

Europe’s heat pumps replace Middle East gas imports twice over. Which country is leading the way?

A new analysis says that heat pumps avoided a staggering €9.7 billion in import costs alone last year.

Euronews

Is a new weight-loss drug making people fall out of love?

Some people using retatrutide, which is not yet approved, are reporting ‘emotional flattening’, but experts point to a more complex picture

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Heat pump sales in Europe fall 23% to pre-Ukraine war levels

Growth in 2022 and 2023 was driven by soaring gas prices caused by Russia’s invasion, but 2024 saw sales slump

The Guardian - UK

Red Lobster CEO says endless shrimp is never coming back: ‘I know how to do math’

CEO Damola Adamolekun won’t bring back the $20 endless shrimp deal that led Red Lobster to file for bankruptcy

The Independent UK

The first rule of Bite Club? Survive an attack by an apex predator

Surviving a shark – or lion, or bear – attack is the key criterion for entry into Bite Club. Together its members navigate their next big challenge: what happens after you survive?

The Guardian - AU

Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M all-you-can-eat-shrimp fiasco contributed to its demise

Former shareholder Thai Union had an "outsized influence on the company’s shrimp purchasing," Red Lobster's new CEO has alleged.

Fortune

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Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy

The famous seafood chain lost $11m on a disastrous ‘endless shrimp’ deal. But bankruptcy documents and former employees suggest that was only a symptom of deeper problems

The Independent UK

Newcastle serial burglar who ruined Christmas for ten small businesses gets to choose his sentence

Paul Kenny, of Newcastle, who has 112 previous convictions, was given a 'once in a lifetime opportunity' to avoid prison after vowing to turn his life around

Chronicle Live

North East Today: Byker man pleads guilty to burglary spree as Newcastle linked with Chelsea trio

Your lunchtime briefing on all the latest from across the North East

Chronicle Live

Flogas introduce prise rice of up to 20% as customers hit by another hike amid cost of living crisis

It's the sixth time since the start of 2021 that the company has raised prices, with the latest hike seeing the average gas bill go up by €30

Irish Mirror

‘Very, very, very bad’: Red Lobster CEO Kelli Valade resigns after only 8 months

Red Lobster CEO Kelli Valade is resigning after just eight months at the helm of the Orlando-based seafood chain, a quick departure that one industry analyst called “very, very, very bad.”

People

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