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Breaking News on the Food and Drink Manufacturing Sector

Headlines > Business News

Winterbotham Darby boosts capacity with olive deal

Winterbotham Darby has acquired chilled olive and antipasti business Alatoni in a move it claims with boost its manufacturing capacity and increase its flexibility in a popular category.

Symington’s snaps up The Tanfield Food Company

Symington’s has bought gourmet meals business The Tanfield Food Company, which was set up by the makers of Phileas Fogg potato chips.

Asda wins out as food market enters deflation

Asda headed the supermarket pack as the food market officially entered a period of deflation, although consumers were the real winners, according to the latest Kantar Worldpanel figures.

Premier Foods delivers ‘awful’ stock performance

Premier Foods has delivered “a truly awful 2014 stock performance”, despite making solid restructuring progress, said City analyst Shore Capital, ahead of the firm’s third-quarter trading results, due for release...

News in brief

Top finance guru dumps Tesco shares

The world’s richest investor, Warren Buffett of Berkshire Hathaway, has sold more than 245M shares in supermarket giant Tesco, after describing his investment as “a huge mistake” earlier this month....

Oakpark Foods pumps £2.4M into tech, traceability

Oakpark Foods is completing a €3M (£2.4M) investment project with the installation of a traceability system to help manage supply, stock control and customer service more efficiently.

UK sales weak for Nestlé amid slow growth in Europe

Nestlé’s UK sales proved weak in the first nine months of 2014, although the global food giant still achieved low growth in Europe overall.

Halloween boosts food and drink sales: Mintel

Halloween is proving devilishly good for UK food and drink sales, according to new research from Mintel.

Ishida creates 68 new jobs

Ishida has created 68 new jobs at its UK manufacturing base, after doubling sales of its weighing and packing equipment over the past three years.

News in brief

Glanbia clinches Isopure deal

Glanbia has completed its acquisition of US sports nutrition firm The Isopure Company on schedule.

Amira G Foods targets foodservice next

Rice firm Amira G Foods, which aims to target foodservice customers in the UK after clinching a contract to supply 400 Asda stores, is eyeing acquisitions and seeks to expand...

Thorntons blames sales fall on supermarket order patterns

Thorntons has blamed its 11.9% fall in first quarter total group sales on the changing order patterns of supemarkets and other outlets.

IGD 2014 CONVENTION

Prepare for food industry shake-ups, says IGD expert

Food firms can prepare for ‘unpredictable’ market shake-ups if they make themselves more outwardly-focused and more open to change, according to IGD chief economist James Walton.

News in brief

Tesco shows ‘staggering’ decline over recent years

Tesco’s decline over recent years has been “quite staggering”, according to City analyst Shore Capital, as its analysts predicted further board changes at the troubled retail giant.

Finsbury buys Fletchers Bakeries for £56M

Finsbury Food Group, the cake, bread and bakery goods manufacturer, has acquired the Fletchers Group of Bakeries for £56M from private equity owner Vision Capital.

Exclusive interview: IGD 2014 Convention

Brands must target occasions, consumption, says Premier Foods

Premier Foods is targeting eating occasions and changing shopper habits in order to boost sales of brands such as Mr Kipling cakes and Ambrosia desserts, according to its boss Gavin...

IGD convention 2014

Boost declining sales with lower prices, retailers told

Supermarkets must work on lowering prices instead of relying on promotions, if they are to boost their declining sales, delegates at IGD’s annual Convention were told yesterday (October 7).

Getting into the spirit: Bombay Sapphire plans for further expansion

Bombay Sapphire’s master distiller is already planning to expand the brand’s newly commissioned Laverstoke Mill distillery, at a cost of millions, by installing two new stills.

Cranswick’s first-half results point to new business

Pork processing giant Cranswick has posted positive trading results for the first half (1H) of the year, while analysts believe it has secured new business.

Big four retailers will never beat Aldi on price

Aldi’s business strategy will prevent the big four retailers ever beating the discounter on price, according to a leading professor from Aston Business School.

Supermarket price war to sting M&A activity

Mergers and acquisitions (M&A) in the food and drink manufacturing sector will be stung by the worsening supermarket price wars, a leading analyst has warned.

Morrisons’ points system takes on the discounters

Morrisons has launched a price match points system for customers in its latest attempt to take on the discounters.

Aldi’s and Lidl’s surge could be ending – analysts

The upsurge of the discounters may finally be over as the “imploding” big four take decisive action to tackle them, leading city analysts have claimed.

Tesco's bungle could bash suppliers

Tesco’s embarrassing £250M accounting discrepancy, admitted last month, will punish shareholders not suppliers but underlines the dangers of over reliance on any one retailer, said retail analyst Conlumino.

Opinion

Suppliers in the frame with Tesco profits hit

Tesco’s bombshell announcement last month that it had overinflated its profits by a staggering £250M for the first six months of the year has really put the proverbial cat among...