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Premier Foods boss develops c-store, online sales

C-stores and online retailers offer Premier Foods considerable growth potential and the maker of Mr Kipling cakes is working on bespoke products for those channels, according to ceo Gavin Darby.

Tesco results provoke sharp reaction from analysts

Tesco’s bleak third-quarter results – posting a 92% fall in pre-tax profits to £112M and news of the chairman’s decision to quit – have provoked a predictably acerbic reaction from...

Tesco in crisis

Tesco chairman to quit as pre-tax profit falls 90%

Tesco chairman Sir Richard Broadbent is to quit the business, as the troubled retailer admitted overstating first half profits by £263M and posted pre-tax profits more than 90% down.

R&R Ice Cream tops mid-market private food firms

R&R Ice Cream is the top mid-market private food processor in the UK by sales, according to the 10th annual Sunday Times Grant Thornton Top Track 250 list.

Big four should hit discounters with c-stores

The big four retailers should launch more convenience stores on the doorstep of their rival discounters to fight the competition, according to a leading professor from Aston Business School.

Cranswick’s Benson Park deal praised by analyst

Cranswick’s purchase of cooked poultry firm Benson Park has been praised by a leading food industry analyst as a ‘sensible’ move fulfilling aims to break into new areas of protein....

Premier Foods’s branded sales dip in third quarter

Premier Foods saw branded value sales fall in its third financial quarter (Q3) as the maker of Mr Kipling cakes and Ambrosia desserts was stung by supermarkets losing share to...

Aldi launches new organic range in upmarket bid

Discount retailer Aldi has launched what it claims is an affordable range of organic products that will help customers save 25% on their normal British organic basket, as the store continued...

Three supermarkets faced financial action in Q3

Three national supermarkets faced adverse financial actions in the past quarter as food retailers showed the sharpest increase in ‘significant’ financial distress of all sectors monitored by Begbies Traynor.

Asda wins out as food market enters deflation

Asda headed the supermarket pack as the food market officially entered a period of deflation, although consumers were the real winners, according to the latest Kantar Worldpanel figures.

Winterbotham Darby boosts capacity with olive deal

Winterbotham Darby has acquired chilled olive and antipasti business Alatoni in a move it claims with boost its manufacturing capacity and increase its flexibility in a popular category.

Symington’s snaps up The Tanfield Food Company

Symington’s has bought gourmet meals business The Tanfield Food Company, which was set up by the makers of Phileas Fogg potato chips.

Premier Foods delivers ‘awful’ stock performance

Premier Foods has delivered “a truly awful 2014 stock performance”, despite making solid restructuring progress, said City analyst Shore Capital, ahead of the firm’s third-quarter trading results, due for release...

News in brief

Top finance guru dumps Tesco shares

The world’s richest investor, Warren Buffett of Berkshire Hathaway, has sold more than 245M shares in supermarket giant Tesco, after describing his investment as “a huge mistake” earlier this month....

Oakpark Foods pumps £2.4M into tech, traceability

Oakpark Foods is completing a €3M (£2.4M) investment project with the installation of a traceability system to help manage supply, stock control and customer service more efficiently.

UK sales weak for Nestlé amid slow growth in Europe

Nestlé’s UK sales proved weak in the first nine months of 2014, although the global food giant still achieved low growth in Europe overall.

Halloween boosts food and drink sales: Mintel

Halloween is proving devilishly good for UK food and drink sales, according to new research from Mintel.

Ishida creates 68 new jobs

Ishida has created 68 new jobs at its UK manufacturing base, after doubling sales of its weighing and packing equipment over the past three years.

News in brief

Glanbia clinches Isopure deal

Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.

Amira G Foods targets foodservice next

Rice firm Amira G Foods, which aims to target foodservice customers in the UK after clinching a contract to supply 400 Asda stores, is eyeing acquisitions and seeks to expand...

Thorntons blames sales fall on supermarket order patterns

Thorntons has blamed its 11.9% fall in first quarter total group sales on the changing order patterns of supemarkets and other outlets.

IGD 2014 CONVENTION

Prepare for food industry shake-ups, says IGD expert

Food firms can prepare for ‘unpredictable’ market shake-ups if they make themselves more outwardly-focused and more open to change, according to IGD chief economist James Walton.

News in brief

Tesco shows ‘staggering’ decline over recent years

Tesco’s decline over recent years has been “quite staggering”, according to City analyst Shore Capital, as its analysts predicted further board changes at the troubled retail giant.

Finsbury buys Fletchers Bakeries for £56M

Finsbury Food Group, the cake, bread and bakery goods manufacturer, has acquired the Fletchers Group of Bakeries for £56M from private equity owner Vision Capital.

Exclusive interview: IGD 2014 Convention

Brands must target occasions, consumption, says Premier Foods

Premier Foods is targeting eating occasions and changing shopper habits in order to boost sales of brands such as Mr Kipling cakes and Ambrosia desserts, according to its boss Gavin...