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Premier Foods’s share price is ‘undervalued’

Premier Foods’s share price is undervalued and fails to reflect recent business improvements, according to City analyst Shore Capital.

25p easyFoodstore forced to close by bargain hunters

The new 25p easyFoodstore was forced to close yesterday, after hundreds of bargain hunters cleared the shelves of its London store.

Business Leaders' Forum

National Living Wage will hit small food firms

The National Living Wage (NLW) – which comes into force in April – will place extra costs on many small food and farming businesses, already struggling to cope with other...

BRF completes £34M Universal Meats acquisition

Brazilian food giant BRF has completed its £34M acquisition of Kent food manufacturer Universal Meats, as part of its globalisation plan.

Rebel Kitchen acquires Unoco to continue growth

Free-from coconut milk manufacturer Rebel Kitchen has acquired raw coconut water brand Unoco for an undisclosed amount, boosting its growth.

EasyJet founder launches 25p discount food store

EasyJet founder Stelios Haji-Ionnou has opened a no frills, discount food store – called easyFoodstore store – to complement his cut-price airline and travel businesses.

Sainsbury’s £1.3bn bid for Argos owner

Sainsbury has agreed the key terms of a £1.3bn offer for Argos owner Home Retail in a bid to create a food and non-food retail giant.

Food ingredients producer Macphie in foodservice growth

Macphie has claimed to be “back on track” after weak dairy sector pricing and foodservice growth enabled the company to return to 2013 profit levels.

Business leaders' forum

What keeps Wyke Farms boss awake at night?

What keeps Wyke Farms md Richard Clothier awake at night? “Everything”, he tells us in this disarmingly frank video interview. But his particular concerns focus on the availability of labour and...

Real Good Food issues profit warning

Real Good Food has issued a profit warning after it claimed a company restructure has had a short-term negative impact on margins.

Britvic and AG Barr both score growth

Beverage manufacturers Britvic and AG Barr have both reported revenue growth over the “competitive” festive period.

Business Leaders’ Forum

Four food and drink industry surprises of 2015

A shift in power from retailers to their suppliers, leading to a better year than expected, was one of four key surprises that shaped the UK food and drink industry...

Diageo boosts growth and sales

Drinks giant Diageo has boosted sales, excluding acquisitions, by 1.8% and volume growth by 1% during a “challenging year for trading” during the six months to December 31 2015.

Cranswick celebrates ‘crackling Christmas’ results

Cranswick’s “crackling Christmas” helped to boost revenue by 5% in the three months to December 31 2015, according to a leading analyst.

Business Leaders’ Forum

Jamie Oliver ‘deserves food manufacturers’ thanks’

Food and drink manufacturers should thank celebrity chef and anti-sugar campaigner Jamie Oliver for focusing attention on their contribution to healthy eating, according to Geoff Eaton, chairman of New England...

Convenience sales help Greencore to 7.2% growth

Strong convenience sales has helped Greencore achieve a 7.2% boost in revenue to £356M and 6.8% in constant currency, for the 13 weeks to December 25 2015.

Bakkavor ownership shake-up

Bakkavor’s founders have teamed up with one of the world’s largest hedge fund firms to buy out Icelandic institutions in a deal worth £163M.

Morrisons boss’s customer focus ‘begins to pay off’

Morrisons boss David Potts’s customer focus is paying off – with its food manufacturing capability playing a key role – but much more needs to be achieved if the business...

Premier Foods ‘past darkest hour’ – just don’t mention weather

Premier Foods is past its “darkest financial hours” and is now re-investing growth within the business, according to market analyst Shore Capital.

Exclusive interview

Four reasons to stay in the EU: Greencore boss

Four factors explain why the food and drink industry would be much better off if the UK voted to retain EU membership rather than opting to leave, Greencore ceo Patrick...

Premier Foods’s results sweetened by Sweet Treats

Premier Foods claims a strong Sweet Treats performance helped the business achieve year-to-date group sales up by 0.3%.

Unilever lifts turnover: helped and hindered by food

Unilever beat expectations by boosting turnover by 10% in 2015, but warned of “tougher market conditions” and high volatility this year.

Faccenda boosts top line despite tough conditions

Faccenda Foods has managed to increase its total revenue despite fierce competition in the UK retail sector, export restrictions and currency fluctuations.

NHS to impose hospital sugar tax

The National Health Service (NHS) plans to introduce a sugar tax in its hospitals in an attempt to help combat the UK’s obesity crisis.

Arla takeover of Westbury Dairies welcomed

Arla’s move to acquire full ownership of Westbury Dairies – formerly operated with First Milk as a joint venture – has been welcomed by milk suppliers.