Breaking News on the Food and Drink Manufacturing Sector

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Surge in Scottish brands linked to referendum vote

The Edinburgh government has claimed responsibility for a £513M surge in sales of Scottish food and drink, which it says underpins confidence in Scottish brands ahead of a yes vote...

Premier Foods's sales fall in 'challenging market'

Premier Foods has reported sales down by 6.1% due to “challenging market conditions” in half-year results to June 30.

Indian ready meals firm S&A Foods axes 55 jobs

Indian ready meals manufacturer S&A Foods is to axe 55 jobs in a restructure of its chilled meals business, while searching for investment partners.

United Biscuits quiet on stock market float rumours

United Biscuits’ joint-owners PAI Partners and Blackstone have neither denied nor confirmed rumours they are preparing to float the biscuit heavyweight on the stock market, despite analysts welcoming the idea.

Genius Gluten Free targets French expansion

Gluten-free specialist Genius is stepping up exports to France’s rapidly growing gluten-free market.

Tesco boss Philip Clarke to quit after profit warning

Tesco boss Philip Clarke is to quit the embattled retailer in October, despite pledging in April to “see this job though”.

Grocery sales ‘worst ever’ in past two months

Grocery sales in May and June were the “worst ever” seen, as the market reeled in an aftershock of the recession, according to one longstanding industry analyst.

Finsbury Food Group to post profit rise

Cake, bread and bakery goods manufacturer Finsbury Food Group expects to post full-year profit ahead of market expectations, thanks to market promotions and cost cutting, according to its pre-close trading...

Orchard Valley Foods targets sales of £30M

Ingredients firm Orchard Valley Foods is targeting sales of £30M following its acquisition of Food Ingredients International (FII), an increase of almost a third on projected figures for this year.

Aldi comes first in top 10 brands survey

Aldi is the brand creating the most positive media buzz, according to YouGov BrandIndex’s 2014 mid-year Buzz rankings, with both it and fellow discounter Lidl among the top 10 for...

Dairy Crest and Carr’s Milling: results at a glance

Dairy Crest has posted “a strong branded performance” in its first quarter trading ended June 30, while Carr’s Milling reported continued investment in a management statement for the 19 weeks...

Manufacturing M&A hits six-year high

Mergers and acquisitions (M&A) activity reached its highest level in six years in the last quarter amongst UK manufacturing firms, a report from Experian Corpfin and law firm Irwin Mitchell...

Exclusive interview

Grupo Bimbo ceo to invest in UK arm

Bakery giant Grupo Bimbo believes the UK arm of Canada Bread - the business it bought in May - together with Spanish and Portugese divisions can strengthen European sales after further investment....

2 Sisters Corby plant a management buyout target

2 Sisters Food Group’s Solway Foods plant is the target of a management buyout by the same company formed to take over its Avana Bakeries facility: Utopia Foods.

Weetabix in jobs consultation with 60 staff

Pressure to stem eroding profits has led Weetabix to place up to 60 jobs across its industrial hygiene departments at risk.

Sugar prices to blame for ABF's poor sugar revenues

Associated British Foods (ABF) has blamed lower sugar prices and weak EU sales volumes for its poor sugar revenues in an interim management statement today (July 10).

Unilever Slim-Fast sale: no UK supply hit

Unilever’s sale of Slim-Fast to US investment group Kainos Capital will not hit UK supply of the brand, according to the company.

News in brief

Groceries code boss urges action after Food Manufacture survey

The Groceries Code adjudicator (GCA), Christine Tacon, has used an article written exclusively for this website to urge suppliers to report alleged supermarket abuses of power, after they expressed concern...

Marks & Spencer’s food sales up - again

Marks & Spencer’s food sales rose by 4.2% in the first quarter of its financial year ending June 28, continuing to buck the trend of falling general merchandise sales, despite...

Poultry firm creates more than 600 new jobs

Moy Park is creating 628 jobs in a £170M expansion across three sites in Northern Ireland, according to Invest Northern Ireland (NI).

Thorntons and Booker results: at a glance

High street confectioner Thorntons and cash and carry specialist Booker both posted financial results today (July 9).

Overseas buyers are swooping on UK firms

Mergers and acquisitions (M&As) of UK companies featuring overseas buyers increased by a whopping 71% in the first quarter of 2014, compared with the same quarter in 2013, according to...

Supermarket sales fall £55M after England footie fail

Food and drink sales dropped by £55M after England’s dismal performance in the Brazil 2014 World Cup, having risen initially when the tournament first began, according to IRI data.

News in brief

Aldi's and Lidl’s combined sales may top Morrisons next year

The combined UK sales of discount stores Lidl and Aldi are on course to rival Morrisons’s total sales this year and could top them next year.

Guest article

Why it pays to clean up your corporate group

Food companies that have been incorporated for years are likely to have accumulated subsidiaries, some of which will be defunct. However, there are a number of benefits to cleaning up...