Ultimate Products: Russell Hobbs seller hit by rising shipping costs and weak demand

Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip amid soaring shipping costs and reduced consumer demand. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, [...]