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Autumn Statement

Autumn Statement gets mixed response from industry experts

Scrapping tax credits, a controversial apprentice levy and budget cuts at the Department for Environment, Food and Rural Affairs (DEFRA) were key elements of the chancellor’s Autumn Statement, which received...

Autumn statement

Spending Review: what manufacturers want to see

British manufacturers – including food and drink producers – will be looking for answers to seven key questions in the chancellor George Osborne’s Spending Review and Autumn Statement this afternoon,...

Financial results: Finsbury, Britvic and First Milk

Three food and drink manufacturers have posted positive financial results, with Finsbury Food Group seeing a jump in revenue and Britvic and First Milk reporting profit rises. 

Bakkavor confident of ‘good Christmas momentum’

Fresh prepared foods manufacturer Bakkavor expects good Christmas sales despite tough trading conditions arising from the continuing sharp competition between retailers, according to its third quarter results for the 39...

Food-to-go drives growth for Greencore

Greencore's convenience foods division has achieved a 6% rise in like-for-like revenue to reach £1,290.2M in results for the year ended September 25 2015.

Guest article

The path back to value in prepared meals

Category commoditisation destroys value, yet in many grocery categories, the dynamic seems entrenched and value chain participants are either perplexed or defeatist. But some manufacturers and retailers in the frozen...

Genius snaps up Chapel Foods in £3.5M deal

Gluten­-free bakery company Genius Foods has announced the acquisition of frozen pie maker Chapel Foods in a £3.5M deal.

Premier Foods recovery strategy ‘starts working’

Premier Foods’s recovery strategy is “starting to bear fruit”, according to City analyst Investec, after the manufacturer posted its first quarterly branded sales rise in two years last week....

Food manufacturing to play key role in Morrisons’ revival

Food manufacturing’s key contribution to Morrisons’ recovery was again highlighted by leading City analyst Shore Capital, following a meeting with the troubled retailer.

Seabook Crisps turnover soars to £27M

Seabrook Crisps has boosted profitability and increased its turnover by 11% to £27M after adapting to the changing retail environment.

Princes ploughs £15M into bottled water site

Princes Group is to extend and redevelop its bottled water site in Eden Valley, Cumbria, in a £15M project starting next June.

‘Mega-deals’ put global food and drink M&A activity at eight-year high

A series of food and drink ‘mega-deals’ will result in this year’s mergers and acquisitions (M&A) sector activity being at its highest since 2007, with international deals dominating, a financial...

Moy Park revenue falls in ‘challenging market’

Moy Park, Europe’s largest poultry producer, has posted revenue down by 1% to £350.7M in third quarter results due to “a challenging market”.

Glanbia to buy US protein bar firm

Global nutrition company Glanbia has agreed to buy US protein snack bar company thinkThin for $217M (£143M).

Findus deal to yield £7M more savings than expected

Nomad Foods’s acquisition of Findus Group’s continental European business will yield approximately £7M more cost-saving synergies than expected, the firm claimed. 

Real good results for Real Good Food Company

Real Good Food Company (RGFC) has posted a £9.3M profit after tax for the six months to September 30 2015, largely off the back of the sale of its Napier...

Further consolidation likely in wake of AB InBev/SABMiller deal, expert warns

The £71BN takeover of SABMiller by AB InBev is likely to result in further consolidation among the remaining brewers, a leading expert on large-scale mergers has claimed.

DEFRA’s ‘enormous’ budget cut to slash activities, warns FDF

An “enormous” funding cut is set to slash the operations of the Department for Environment, Food and Rural Affairs (DEFRA), warns a food and drink manufacturing boss.

Government backs Scotch whisky industry as decline slows

Scotch whisky industry representatives and government officials have pledged to boost economic growth, as the industry shows signs of recovery.

Sainsbury profit slump ‘shows food industry challenge’

Sainsbury’s 17.9% slump in underlying pre-tax half year profits to £308M reveals the challenges facing the whole food industry, according to a leading retail analyst.

Premier Foods’s sales boost ‘credit to management’

Premier Foods’s first quarterly branded sales rise for two years was a tribute to the manufacturer’s management team, say leading City analysts.

Premier sales up due to ‘innovation and investment’

Premier Foods’s first quarterly increase in branded sales for two years is due to “innovation and investment”, claims the manufacturer.

DEFRA budget cuts ‘could damage frontline delivery’

Slashing the budget of the Department for Environment, Food and Rural Affairs (DEFRA) by 30% could compromise the front-line delivery of its services, the National Farmers Union (NFU) has warned.

William Reed Training launched to help plug skills gap

William Reed Training is the name of new business partnership launched to help plug the skills gap by the Food Manufacture Group’s publisher William Reed Business Media (WRBM) and Virtual...

Morrisons’ sales fall – again

Morrisons sales continue to slide – with like-for-like sales, excluding fuel falling by 2.6%, blamed partly on a reduction in promotional vouchers – in third-quarter results posted this week.