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'Anti-competitive' behaviour hits Real Good Food Co's sales

Anti-competitive behaviour from Associated British Foods (ABF) has stunted The Real Good Food Company’s (RGFC’s) final year sales, its chairman has claimed.

Sime Darby could take over New Britain Palm Oil

A major stake in New Britain Palm Oil, which supplies UK manufacturers, is being targeted by Malaysian conglomerate Sime Darby, part of the consortium that acquired Battersea Power Station.

Devro confirms job cut plans

Devro is cutting 130 jobs at two factories in Scotland, the sausage casing manufacturer confirmed in its interim results.

Greencore to earn millions through disposals

Greencore is slashing its debt levels by completing deals that will net it more than £24M in the current financial year.

Greggs boss praised by City analysts

Greggs boss Roger Whiteside received praise from City analyst Shore Capital, after the high street baker reported total sales up by 3.1% to £373M in first half results to June 28....

News in brief

Aldi and Lidl’s market share hits all-time high

Discount retailers Aldi and Lidl are continuing to win sales and have seen their market share hit new records, at the expense of Tesco and Morrisons, according to the latest...

Cranswick expected to invest £25M in operations

Cranswick is expected to pump £25M into operations this year, as it presses ahead with rapid chilling and cooked meat investment.

Supermarket bosses hit back at Tesco tax plan

Calls for a £400M levy on supermarkets – dubbed the Tesco tax – would lead to higher food prices, according to retail bosses.

Irn Bru maker’s results are ‘highly reassuring’

Irn Bru maker AG Barr has posted a “highly reassuring” update on its trading during the six months to July 27, according to financial analyst N+1 Singer.

News in brief

Hovis job cuts? ‘Same old story’ industry insider tells us

News of more than 200 job cuts at the Hovis bakery in Leicester should surprise no one, a key industry insider has told this website.

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

Carbonates put fizz in Britvic results

Rising UK carbonates sales have put a fizz in Britvic’s third-quarter results for the 12 weeks to July 6, as Great Britain revenue climbed by nearly 5%.

Morrisons gives out cash to tempt online customers

Morrisons is trying to turnaround poor sales and boost its slow-starting online business by giving cash to customers in conjunction with third-party rewards platform Quidco.

Tesco boss finds party’s over after quitting top job

A party for Tesco boss Philip Clarke, scheduled for last night (July 22), to celebrate his 40 years with the retailer, was cancelled on Monday, after he revealed his intention...

Indian ready meals firm S&A Foods axes 55 jobs

Indian ready meals manufacturer S&A Foods is to axe 55 jobs in a restructure of its chilled meals business, while searching for investment partners.

United Biscuits quiet on stock market float rumours

United Biscuits’ joint-owners PAI Partners and Blackstone have neither denied nor confirmed rumours they are preparing to float the biscuit heavyweight on the stock market, despite analysts welcoming the idea.

Surge in Scottish brands linked to referendum vote

The Edinburgh government has claimed responsibility for a £513M surge in sales of Scottish food and drink, which it says underpins confidence in Scottish brands ahead of a yes vote...

Premier Foods’s sales fall in ‘challenging market’

Premier Foods has reported sales down by 6.1% due to “challenging market conditions” in half-year results to June 30.

Genius Gluten Free targets French expansion

Gluten-free specialist Genius is stepping up exports to France’s rapidly growing gluten-free market.

Tesco boss Philip Clarke to quit after profit warning

Tesco boss Philip Clarke is to quit the embattled retailer in October, despite pledging in April to “see this job though”.

Grocery sales ‘worst ever’ in past two months

Grocery sales in May and June were the “worst ever” seen, as the market reeled in an aftershock of the recession, according to one longstanding industry analyst.

Finsbury Food Group to post profit rise

Cake, bread and bakery goods manufacturer Finsbury Food Group expects to post full-year profit ahead of market expectations, thanks to market promotions and cost cutting, according to its pre-close trading...

Orchard Valley Foods targets sales of £30M

Ingredients firm Orchard Valley Foods is targeting sales of £30M following its acquisition of Food Ingredients International (FII), an increase of almost a third on projected figures for this year.

Aldi comes first in top 10 brands survey

Aldi is the brand creating the most positive media buzz, according to YouGov BrandIndex’s 2014 mid-year Buzz rankings, with both it and fellow discounter Lidl among the top 10 for...

Dairy Crest and Carr’s Milling: results at a glance

Dairy Crest has posted “a strong branded performance” in its first quarter trading ended June 30, while Carr’s Milling reported continued investment in a management statement for the 19 weeks...