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Breaking News on the Food and Drink Manufacturing Sector

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US Black Friday shopping craze hits UK

The US shopping craze Black Friday is sweeping Britain today, with the police called to quell supermarkets disturbances as shoppers jostled for the best buys, while some retailers slashed food and...

Arla restructure to spark 100 job cuts

Arla Foods plans to cut 100 jobs in the UK as part of a restructure to improve efficiency and competitiveness.  

Poundland, Woolworths with food, is ‘retail winner’

Poundland is “a retail winner”, judged a leading City analyst, after the discount chain posted soaring pre-tax profit growth of 34% to £12.6M in first half results.

Biltong firm announces acquisition

New World Foods Europe has bought Yorkshire-based Kings Biltong – the latest deal to be clinched in that sector in the past year.

Cranswick sandwich and pastry growth offsets falls elsewhere

Sandwich and pastry demand offset falling fresh pork sales for meat processor Cranswick in the first half of its financial year (H1), according to leading food industry analyst Clive Black.

Greencore: US trend holds huge UK potential

The UK market could benefit from Greencore’s increasing investment in hot food-to-go in the US, according to chief financial officer Alan Williams.

Greencore’s revenue gains driven by food-to-go

Greencore’s group revenue climbed by 6.4% to £1,273.5M in the year to September 26 2014, thanks to the strong performance of its food-to-go business, according to boss Patrick Coveney.

Top 10 UK chocolate brands: IRI

Cadbury Dairy Milk kept its position as top of the chocs in a chart of top 10 UK chocolate brands by value sales issued by market analyst Information Resources (IRI).

KP Snacks confirms plant closure

KP Snacks’s Consett factory will close in the first quarter of next year, threatening more than 100 jobs, the company has confirmed, with the closure of its Corby plant also likely....

2 Sisters Food Group hit by costs of £163.5M

Costs and charges of £163.5M increased 2 Sisters Food Group’s debts across the past full financial year, according to results just posted by parent company Boparan Holdings.

Bakkavor invests in chilled breads facility

Bakkavor revealed plans for a multi-million pound investment in its chilled bread plant at Crewe as it reported results up to the end of its third financial quarter (Q3).

Management takes over natural ingredients firm

Uren Food Group has undergone a management buyout (MBO), ending more than a century of family ownership for the natural ingredients firm, which is based at Neston, Wirral.

Deeside’s KK Fine Foods to create 90 jobs

KK Fine Foods is creating 90 jobs on Deeside Enterprise Zone in a £4.2M investment – its largest to date – supported by the Welsh government and Finance Wales.

Analysts respond to Sainsbury results

Analysts have cautiously welcomed Sainsbury’s trading figures for the first half of its financial year, but claim the supermarket chain has a “mountainous challenge” ahead of it.

Aldi to create 35,000 jobs in £600M expansion

Discount store Aldi has pledged to create 35,000 new UK jobs over the next eight years in a £600M expansion that will boost its store numbers to 1,000.

Sainsbury suffers from ‘unstoppable growth’ of discounters

Sainsbury’s falling profits and sales – revealed in first-half results for its 2015 financial year – show the pressure exerted by hard discounters Aldi and Lidl, according to retail and city analysts.

Tulip snaps up Castellano’s Charcuterie

Tulip has bought Castellano’s Charcuterie, the award winning, Bristol-based, charcuterie business from owner, Vincent Castellano in a move that will boost its reach into retail, deli and foodservice sectors.

Carr’s Milling hails bakery wins as profits climb

Bakery business wins have boosted production at Carr’s Milling’s flour mills, as increased efficiencies in this and other divisions delivered record profits for the group.

News in brief

Abergavenny Fine Food invests £1.2M

The Abergavenny Fine Food Company is boosting production of its well-known goat’s cheese range to satisfy demand following £1.2M in funding from Santander Corporate & Commercial.

Faccenda buys duck processor Cherry Valley Foods

Faccenda Foods has agreed to buy Cherry Valley Farms’ duck processing business Cherry Valley Foods by the end of December 2014 in a move that broadens its portfolio of poultry...

Coffee founder crowned at House of Commons ceremony

Pact Coffee founder Stephen Rapoport scooped the crown at the first Investec Food & Drink Entrepreneur of the Year awards, held at the House of Commons last week.

Tesco set to review its store ranges

Tesco looks set to simplify its store offerings, cutting down on the number of stock keeping units (SKUs) it holds, but ensuring their better availability to customers, as it attempts...

Dairy Crest to sell dairies to Müller for £80M

Dairy Crest has agreed to sell its loss-making dairies to Müller UK & Ireland Group for £80M, alongside half-year results posted yesterday. 

Morrisons posts ‘dismal’ third quarter results

Morrisons has posted a “dismal” set of third-quarter results, which prove it is losing the battle with hard discounter stores Aldi and Lidl, warn City analysts.

Dairy Crest dairies sale welcomed by analysts

Dairy Crest’s £80M sale of its diaries to Müller UK & Ireland Group has drawn praise from City analysts.

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