A potential £5bn export market to China has been opened for UK organic food and drink manufacturers, following a Soil Association deal with China’s Organic Food Development Centre (OFDC).
2 Sisters Food Group suffered a loss of £16M in its last set of annual results, covering the 52 weeks to July 27, 2013.
The Food Standards Agency (FSA) is to prioritise the testing of lamb dishes from takeaway restaurants across the UK, after its own research and a survey by consumer watchdog Which? revealed the meat was commonly replaced by cheaper chicken or beef.
Tesco’s latest results – featuring its 6% slump in operating profit – deliver six key pointers about the future direction of the business, including the prospect of sharper price competition, according to financial analyst Morgan Stanley.
Premier Foods is now set for growth after completing “a transformational restructuring” of its balance sheet, said City analyst Shore Capital in a note titled ‘At last, it’s time to get on with the day job’.
The Irish Dairy Board (IDB) has invested €30M (£24.6M) in a new butter production and packaging facility for its Kerrygold brand, creating 50 jobs in Mitchelstown, County Cork.
Burton’s Biscuit Company, maker of brands such as Maryland Cookies and Jammie Dodgers, has announced a £14.75M investment in its manufacturing operation to support business growth.
Former food industry rivals Jonny Bingham and David Jones have joined forces to form Bingham & Jones, a firm advising major manufacturers and retailers on product development.
Small processors still face hygiene inspection charges under EU law proposals, despite lobbying to overturn them, prompting an angry reaction from a prominent lobbyist.
Mapping the future of food science is the aim of the Institute of Food Science & Technology’s (IFST’s) jubilee conference next month, according to its chief executive Jon Poole.