Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

AJ Bell founder tapped for Applied Nutrition chairman role

(Sharecast News) - AJ Bell founder Andy Bell has been appointed chairman of Applied Nutrition, a rapidly growing sports nutrition, health, and wellness brand based in Liverpool, it was reported on Tuesday. The move, reported by Sky News, came as Applied Nutrition geared up for a potential stock market listing in London.

Bell, known for taking the retail investment platform AJ Bell public in 2018, stepped down as its CEO in 2022.

Sky said his appointment was ratified by the board at a meeting on Tuesday.

Applied Nutrition had been mulling an initial public offering (IPO), with investment bank Deutsche Numis reportedly brought on to advise on the potential listing.

Founded by Thomas Ryder, Applied Nutrition had garnered support from JD Sports Fashion, which holds a 30% stake in the company, with chief operating officer Steven Granite owning the remaining shares.

The firm specialises in formulating and manufacturing premium supplements catering to professional athletes and fitness enthusiasts, and has partnerships with various sports clubs and athletes, including Premier League side Fulham and Glasgow Rangers.

Its flagship product ABE (All Black Everything) had grown in popularity in recent years and was now stocked by major US retailer Walmart.

Sky cited financial records for the year ended July 2023 as showing a 74% improvement in turnover to £61.2m, and EBITDA jumping 80% to £18.1m.

Reporting by Josh White for

Share this article

Related Sharecast Articles

UPS tops Q1 profit forecasts but misses on revenue
(Sharecast News) - American transport and logistics giant United Parcel Service saw shares rise on Tuesday after quarterly profits beat analysts' forecasts, even though revenues fell more than expected.
Getir investors said to fund European exit with new cash injection
(Sharecast News) - Investors in grocery delivery app Getir, which at one point attained a valuation of almost £10bn, are reportedly set to inject yet more money into the company to fund its exit from the UK and Europe.
Bushveld updates Vametco mineral resources
(Sharecast News) - Bushveld Minerals updated the market on mineral resources and reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex on Tuesday.
Power Metal Resources completes Molopo drillhole
(Sharecast News) - Power Metal Resources announced the completion of drillhole DDH1-14C at its Molopo Farms Complex project in southwestern Botswana on Tuesday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.