Breaking News on the Food and Drink Manufacturing Sector

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Humber's food industry secures 222 jobs

More than 200 jobs have been created in the Humber’s food industry, following a £1.4M investment from a local enterprise partnership (LEP).

Tesco’s fortunes lurch from bad to worse

Tesco, a “once great company” according to a leading food industry analyst, has downgraded its profit forecasts and brought forward the date of Philip Clarke’s handover to new ceo Dave Lewis....

38,000 jobs could be created by SMEs in 2015

Nearly 40,000 new food and drink manufacturing jobs could be created within the next year, as small and medium-sized enterprises (SMEs) prepare to spend more money on staff.

Grocery market slumps to 10-year low

The UK grocery market slumped to a 10-year low in the latest quarterly period covered by Kantar Worldpanel data.

Egg processor plans Noble investment

Noble Egg Innovations plans to invest £3M in its egg processing facilities now that its acquisition of Manton’s two factories at Gainsborough and Harrogate has been cleared by competition authorities....

Morrisons pumps £19M into fresh produce supply

Morrisons is investing £19M to speed up the supply of fresh produce and keep it cooler for longer in a bid to keep ahead of competition from discounters Aldi and...

Russia ban hits trade as Arla slashes milk price

Arla Foods has slashed its standard milk price by  €1.5 cents/kg, (1.2p a litre in the UK) from September 1, blaming market conditions and the impact of Russia’s ban on...

News in brief

Noble Foods egg deal gets green light

Competition authorities have cleared Noble Foods’s acquisition of two egg processing factories in Gainsborough and Harrogate from Manton’s.

Dragons’ Den winner to supply 400 Morrisons stores

Dragons’ Den winner Barenaked Foods has clinched a deal to supply 400 Morrisons stores with its range of low-carb, gluten-free products, securing a thumbs up from the retailer’s grocery buyer.

Plum PBC to ‘wind down’ UK business

US organic baby food manufacturer Plum PBC – owned by Campell Soup – has announced plans to “wind down” its Plum Baby UK operations before the autumn, following a strategic...

Kerry Foods sells chilled pastry assets

Pork Farms Group has bought Kerry Foods’s chilled savoury pastry factories at Poole, Dorset, and Spalding in Lincolnshire for an undisclosed sum.

Food and drink industry set for ‘depressing Christmas’

Food and drink businesses are set for a depressing Christmas as price competition among major retailers will dampen price inflation on food products in December 2014, according to a report...

Bakkavor storms ahead in fresh prepared food

Bakkavor delivered strong growth in fresh prepared food ahead of the UK market as a whole in the past financial quarter and is significantly boosting investment to support customers’ growth...

Tesco and Sainsbury likely to follow Asda price cuts

Tesco and Sainsbury will likely follow Asda’s cost- and price-cutting lead to combat discounters Aldi and Lidl, according to food industry commentator Clive Black, responding to Asda’s latest results....

Brussels energy laws ‘cost UK economy £93.2bn’

EU energy regulations cost the UK economy up to £93.2bn, in excessively high energy prices, and threaten 1.5M jobs, claims news research from Business for Britain (BfB).

Food suffers deeper retail decline

Pressure on food industry profits looks set to continue as cash sales keep dropping, according to experts.

Bakkavor quiet on reports of share capital sale

Ready meal supplier Bakkavor has refused to confirm or deny media reports that it is planning to sell up to half the firm's share capital.

Premier Foods targets China, US and Australia

Premier Foods’s formation of a new business unit and the launch of Ambrosia rice in China are spearheading the firm’s plans to step up global sales in three key markets....

Russian food ban risks thousands of jobs

Thousands of British food manufacturing jobs and millions of pounds worth of exports are threatened by Russia’s ban on food imports.

Scottish referendum uncertainty hits jobs and investment

Uncertainty over the Scottish independence referendum had damaged the nation’s economy by stalling “hundreds of thousands of pounds of investment”, a food industry source has told the Food Manufacture Group....

UB acquisition by Kellogg makes sense, says expert

Kellogg buying United Biscuits would make sense, according to an expert with prior senior history at UB, as media speculation over the possibility of such a deal intensified.

Changing face of retail hits Kerry Group

Consumer food sales took a hit at Kerry Group from the fragmenting retail market, despite UK brands holding up well, and overall sales growth, the firm said in its interim...

‘Unprecedented’ foreign exchange storm hits Nestlé

Nestlé has been hit by ‘unprecedented’ foreign exchange issues, according to chief financial officer and executive vice president Wan Ling Martello.

Adnams brewery hails ‘bright times’ ahead

Suffolk brewery Adnams is saying cheers to “brighter times emerging”, after posting operating profits up by 29% to £862,000 for the six months to June 30.

Scottish referendum: most firms lack ‘yes’ plan

Most Scottish businesses are unprepared for a ‘yes’ vote in the nation’s forthcoming independence referendum, according to accountancy firm KPMG.